New, wholly owned subsidiary focuses on advanced catalyst solutions HOUSTON , Jan. 30, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced the official brand launch of Ketjen, its wholly owned subsidiary that crafts tailored, advanced catalyst solutions for the petrochemical, refining and specialty chemicals industries. The…, About Ketjen, Ketjen is a provider of advanced catalysts solutions to leading producers in the petrochemical, refining and specialty chemicals industries. From fluidized catalytic cracking to clean fuels solutions to hydro-processing to organometallics and curatives, Ketjen delivers safe and reliable solutions that increase production performance and business value. A wholly owned subsidiary of Albemarle…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company that thinks beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly…
Type: Article
CHARLOTTE, N.C. , Jan. 23, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, will host its virtual 2023 Strategy Update tomorrow, Jan. 24, 2023, at 9:00 a.m. ET. The event is expected to conclude at approximately 10:45 a.m. ET. Albemarle Kent Masters 3Q Interview for IR Day V6with graphics and Qs Albemarle CEO Kent Masters and CFO Scott…, Key Themes for the 2023 Strategic Update include:, Building on durable competitive advantages to accelerate growth and deliver long-term value Reshaping the company's core portfolio with a stronger focus on growth opportunities to enable mobility, energy, connectivity and health Reinforcing Albemarle's commitment to advancing sustainability and building a more resilient world Expanding capacity while maintaining financial flexibility and a…, Outlook, Albemarle is introducing full-year 2023 guidance and 2027 long-term financial targets. The company projects accelerated growth in revenue and EBITDA based on expanded capacity, strategic contracting agreements, ongoing efficiency improvements and innovation in products and processes. The 2023 guidance and five-year outlook reflect the company's new segment structure - Energy Storage, Specialties…, Introducing 2023 Financial Targets, FY 2023 Guidance, as of Jan. 23, 2023, Net sales $11.3 - $12.9 billion Adjusted EBITDA $4.2 - $5.1 billion Adjusted EBITDA Margin 37% - 40% Adjusted Diluted EPS $26.00 - $33.00 Net Cash from Operations $2.1 - $2.4 billion Capital Expenditures $1.7 - $1.9 billion, Introducing Five-Year 2027 Financial Targets, Energy Storage, Specialties, Ketjen (Catalysts), Total (a), Net sales (5-Year CAGR) 25% - 27% ~5% 4% - 8% 19% - 21% Adj. EBITDA Margin (2027E) 45% - 47% 32% - 36% 20% - 26% 41% - 44% Adj. EBITDA (2027E) $6.4B - $7.5B $0.7B - $0.8B $0.2B - $0.3B $7.2B - $8.4B Free Cash Flow (2027E) $2.6B - $2.7B (a) Total includes corporate costs not allocated to Albemarle's operating segments., Preliminary Results, Below results are preliminary and unaudited and reflect our estimated financial results for the three months and year ended December 31, 2022. In preparing this information, management made complex and subjective judgments and estimates about the appropriateness of certain reported amounts and disclosures. Our actual financial results for the three months and year ended December 31, 2022 have not…, Fourth Quarter, 2022 Highlights, (Unless otherwise stated, all percent changes represent year-over-year comparisons) Net sales of between $2,590 million and $2,650 million, up 190% to 196% Net income in the range of $1,107 million to $1,157 million Diluted EPS of between $9.30 and $9.80 Adjusted diluted EPS of between $8.35 and $8.75, up 727% to 766% Adjusted EBITDA of between $1,210 million and $1,260 million, up 429% to 451%, Fourth Quarter and Full-Year 2022 Preliminary Results, Three Months Ended, Year Ended, December 31,, December 31,, In millions, except per share amounts, 2022, 2021, 2022, 2021, Net sales $2,590 - $2,650 $ 894.2 $7,290 - $7,350 $ 3,328.0 Net income (loss) attributable to Albemarle Corporation $1,107 - $1,157 $ (3.8) $2,662 - $2,712 $ 123.7 Adjusted EBITDA (a) $1,210 - $1,260 $ 228.7 $3,440 - $3,490 $ 871.0 Diluted earnings (loss) per share $9.30 - $9.80 $ (0.03) $22.50 - $23.00 $ 1.06 Adjusted diluted earnings per share (a…, 2023 Strategic Update Webcast Details, The company will webcast its 2023 Strategic Update live, which can be accessed through Albemarle Corporation's website at, https://investors.albemarle.com ., Fourth-Quarter and Full-Year 2022 Earnings Results, Albemarle will report its fourth-quarter and full-year 2022 financial results after the NYSE closes on Wed., Feb. 15, 2023. The company will hold a conference call and webcast to discuss its results on Thurs., Feb. 16, 2023, at 9:00 a.m. ET. The company's earnings call, presentation and supporting material will be available on Albemarle's website at, https://investors.albemarle.com, . , About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company that thinks beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly…, www.albemarle.com, , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses, and the markets it serves., Additional Information regarding Non-GAAP Measurers:, It should be noted that adjusted net (loss) income attributable to Albemarle Corporation, adjusted diluted earnings per share ("EPS"), non-operating pension and other post-employment benefit ("OPEB") items per diluted share, non-recurring and other unusual items per diluted share, adjusted effective income tax rates, EBITDA, adjusted EBITDA, EBITDA margin and adjusted EBITDA margin are financial…, Forward-Looking Statements, Some of the information presented in this press release and the upcoming presentation, conference call and discussions that follow, including, without limitation, preliminary results for the three months and year-ended Dec. 31, 2022, Albemarle 2023 and five-year ("2027") outlooks, information related to the timing of active and proposed projects, production capacity, committed volumes, pricing,…, ALBEMARLE CORPORATION AND SUBSIDIARIES, Non-GAAP Reconciliations, (Unaudited), See below for a reconciliation of adjusted net income attributable to Albemarle Corporation, EBITDA, adjusted EBITDA, and adjusted diluted earnings per share, which are non-GAAP financial measures, to Net (loss) income attributable to Albemarle Corporation ("earnings"), the most directly comparable financial measure calculated and reported in accordance with GAAP. Adjusted net (loss) income…, Three Months Ended, Year Ended, December 31,, December 31,, In millions, except percentages and per share amounts, 2022, 2021, 2022, 2021, Net income (loss) attributable to Albemarle Corporation $1,095 - $1,157 $ (4) $2,650 - $2,712 $ 124 Add back: Non-operating pension and OPEB items (net of tax) (30) (48) (42) (61) Non-recurring and other unusual items (net of tax) (82) - (94) 170 (58) - (70) 407 Adjusted net income attributable to Albemarle Corporation 983 - 1,033 $ 119 2,550 - 2,600…, EBITDA, 1,229 - 1,291 85 3,465 - 3,527 469 Non-operating pension and OPEB items (42) (62) (57) (79) Non-recurring and other unusual items (excluding items associated with interest expense) 11 - 23 206 20 - 32 481, Adjusted EBITDA, $1,210 - $1,260 $ 229 $3,440 - $3,490 $ 871 The company has identified certain items and excluded them from Albemarle's adjusted net income calculation for the periods presented. A listing of these items, as well as a detailed description of each follows below (per diluted share):, Three Months Ended, Year Ended, December 31,, December 31,, 2022, 2021, 2022, 2021, Restructuring and other (1) $ — $ — $ — $ 0.02 Acquisition and integration related costs (2) 0.05 0.05 0.11 0.06 Albemarle Foundation contribution (3) — — — 0.13 Loss (gain) on sale of business/interest in properties, net (4) — 1.13 0.07 (1.70) Loss on extinguishment of debt (5) — — 0.13 0.20 Legal accrual (6) — 0.03 — 4.36 Indemnification…
Type: Article
CHARLOTTE, N.C. , Jan. 17, 2023 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its fourth-quarter 2022 earnings after the NYSE closes on Wednesday, Feb. 15, 2023. The company will hold its conference call to discuss fourth-quarter 2022 results on Thursday, Feb. 16, at 9:00 a.m. ET. This call will be webcast and can be accessed through Albemarle Corporation's website at, http://investors.albemarle.com, , via the webcast link below or by phone at the following numbers:, PARTICIPANT INFORMATION (Public):, Canada dial-in number (Toll Free): 1.833.950.0062 Canada dial-in number (Local): 1.226.828.7575 United States: 1.844.200.6205 United States (Local): 1.646.904.5544 All other locations: +1.929.526.1599 Participant Access code: 788162, *Participants will need to enter the participant access code before being met by an operator. Please include this when sending details to participants., Webcast Details, Event Title: Q4 2022 Albemarle Corporation Earnings Conference Call Event Date: Feb. 16, 2023 Start Time: 09:00 AM (GMT-04:00) Eastern Time (US and Canada), Attendee URL (Public):, For inclusion in your invitations to webcast attendees. https://events.q4inc.com/attendee/405753058 To avoid registration wait times, participants are encouraged to use the webcast link as the primary listening source. If a caller is anticipating asking a question, please dial in 15 minutes before the start of the call to be placed in the queue early. An online replay of this call will be…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…
Type: Article
CHARLOTTE, N.C. , Dec. 13, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced it has acquired a location in Charlotte, North Carolina, where it will invest at least $180 million to establish the Albemarle Technology Park (ATP), a world-class facility designed for novel materials research, advanced process development, and…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…, Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information related to Albemarle's investment in the ATP facility, including the amount of such investment; the timing of initial occupancy and completion of the facility and its campus; the number of jobs created at the facility and average salaries of such positions; the type of operations and activities to…
Type: Article
CHARLOTTE, N.C. , Dec. 12, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today its plans to host a webcast on Tuesday, Jan. 24, 2023. Albemarle CEO Kent Masters and CFO Scott Tozier will present alongside other members of Albemarle's executive management team. The purpose of the webcast is to provide an update on corporate strategy, including 2023 guidance and a five-year outlook for the…, http://investors.albemarle.com, . Further details will be shared as the event date approaches., About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…
Type: Article
Soil treatment that captures dangerous neurotoxins, CHARLOTTE, N.C. , Dec. 8, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB ), a leader in the global specialty chemicals industry, today unveiled a breakthrough product that captures mercury from soil and mining waste, helping to remove this harmful element from the food chain. MercLok™ is a soil treatment for mercury remediation. Known in the industry as an amendment, MercLok cost-…, About Albemarle, Albemarle Corporation (NYSE: ALB ) is a global specialty chemicals company with leading positions in lithium, bromine, and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint…
Type: Article
CHARLOTTE, N.C. , Nov. 21, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that the company's management team is scheduled to participate in two institutional investor conferences in December. On Dec. 6, Meredith Bandy, vice president, Investor Relations and Sustainability, and Mark de Boer, vice president, Sustainability, are scheduled to host investor meetings at the BMO Growth & ESG…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…, www.albemarle.com, , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves., Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information related to attendance at investor or other conferences and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the…
Type: Article
CHARLOTTE, N.C. , Nov. 15, 2022 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Sean O'Hollaren joined Albemarle as Chief External Affairs Officer, effective November15, 2022. O'Hollaren brings deep experience in corporate government and public affairs leadership roles. He most recently served as Senior Vice President of Government and Public Affairs for Nike. Previously, he served as…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global…, www.albemarle.com, , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves. View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-announces-new-external-affairs-leadership-301678058.html SOURCE…
Type: Article
Be an essential element to a brighter future. We work together to transform essential resources into critical ingredients for mobility, energy, connectivity and health. Join our values-led organization committed to building a more resilient world with people and planet in mind. Our core values are the foundation that make us successful for ourselves, our customers and the planet. , Job Description, Albemarle is hiring for a Site Capital Manager. This position is located in Silver Peak, NV in-office., What You Will Do, Lead a cross functional team of project practitioners to define project scope, goals, and deliverables that support business objectives in collaboration with stakeholders. Direct the development of project execution plans, risk management, drive issue resolution, and direct resources to deliver successful projects. Lead and manage both internal and external project resources to ensure project…, Business, Function, & Team Leadership:, Display and champion the Albemarle Core Values on the project team Where applicable, organize and lead steering team meetings to ensure clear communication and alignment with senior management. Maintain constant vigilance for personal and surrounding worker safety, communicate unsafe conditions immediately, and provide direction to ensure design and construction are always performed in a safe and…, What You Bring, Required:, Bachelor of Science Degree in Engineering or related technical field from an accredited university Professional Engineering (PE) license or Project Management Professional (PMP) certification is a plus 10 or more years of experience in a petrochemical, mining or similar industrial environment Minimum of 8 years working as project lead in a petrochemical, mining, or industrial manufacturing…, Preferred:, Excellent written and verbal communication skills. Ability to communicate with senior level leadership within the organization. Effective at working with other staff members and plant personnel in a fast-paced environment. Works effectively within a project stage-gate system environment including essential success factors for early phase and execution projects Demonstrated knowledge of the…, Benefits of Joining Albemarle, Competitive compensation Comprehensive benefits package A diverse array of resources to support you professionally and personally. We are partners to one another in pioneering new ways to be better for ourselves, our teams, and our communities. When you join Albemarle, you become our most essential element and you can anticipate competitive compensation, a comprehensive benefits package, and…
Type: Job Posting
Be an essential element to a brighter future. We work together to transform essential resources into critical ingredients for mobility, energy, connectivity and health. Join our values-led organization committed to building a more resilient world with people and planet in mind. Our core values are the foundation that make us successful for ourselves, our customers and the planet. , Job Description, Albemarle, is hiring for an, Early-Stage Project Director, . This position is , hybrid, (3-days per week in office) and located in , Charlotte, NC, . For highly qualified candidates, remote work and other flexible arrangements may be an option. The Early-Stage Project Director is responsible for leading and managing resource extraction studies, including Scoping and Pre-Feasibility, to support strategic decision-making and project development. This role ensures that studies are executed with technical excellence and alignment with business…, What You Will Do, Lead a multi-functional resource study with a total construction capital cost up to USD 2 billion Apply project management expertise to deliver scoping, conceptual, pre-feasibility, feasibility studies in line with Albemarle project planning process and industry best practices on time and budget Lead and coordinate multidisciplinary teams to deliver comprehensive study results. Manage technical,…, What You Bring, Required:, Bachelor of Engineering / Science in a resource related field (Mining / Geology / Metallurgy) 15+ years of experience in mining-specific projects' early study phases, including mega projects (>$1Bn) Extensive experience in the mining sector, with a strong background in project studies. Proven track record of managing complex mining studies from conceptualization to execution. Strong leadership…, Preferred:, Experience in all phases of projects, from concept through implementation, is preferred Experience within the lithium industry is a strong preference but not required Operational experience is an asset Bilingual (English/Spanish) is preferred, Benefits of Joining Albemarle, Competitive compensation Comprehensive benefits package A diverse array of resources to support you professionally and personally. We are partners to one another in pioneering new ways to be better for ourselves, our teams, and our communities. When you join Albemarle, you become our most essential element and you can anticipate competitive compensation, a comprehensive benefits package, and…
Type: Job Posting