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Albemarle Corp (ALB.N)

ALB.N on New York Stock Exchange

104.45USD
24 Mar 2017
Change (% chg)

$-0.70 (-0.67%)
Prev Close
$105.15
Open
$105.54
Day's High
$106.00
Day's Low
$104.03
Volume
196,595
Avg. Vol
242,702
52-wk High
$107.56
52-wk Low
$60.34

Latest Key Developments (Source: Significant Developments)

Albemarle positioned to double lithium concentrate production at Greenbushes facility
Thursday, 16 Mar 2017 05:30am EDT 

Albemarle Corp - : Talison, a JV between co and tianqi lithium, has approved expansion of lithium concentrate production at greenbushes, Australia spodumene mine . Expansion is intended to more than double lce capacity at greenbushes from 80,000 mt/year to more than 160,000 mt/year .Commissioning of expansion is expected to begin in Q2 of 2019.  Full Article

Albemarle Q4 earnings per share $5.30
Monday, 27 Feb 2017 05:05pm EST 

Albemarle Corp : Albemarle reports strong 2016 earnings finish and record cash flow from operations . Q4 earnings per share $5.30 . Q4 sales $696.7 million versus I/B/E/S view $645.9 million . Q4 earnings per share view $0.73 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $0.78 from continuing operations . Q4 earnings per share $0.37 from continuing operations . Albemarle - lithium and advanced materials reported net sales of $278.3 million in Q4 of 2016, an increase of 30.0% from Q4 2015 net sales of $214.0 million . Albemarle Corp - bromine specialties reported net sales of $194.5 million in Q4 of 2016, an increase of 13.4% from Q4 2015 net sales of $171.5 million . Expect 2017 net sales to range between $2.8 billion and $2.95 billion . Albemarle Corp - refining solutions reported net sales of $193.1 million in Q4 of 2016, a decrease of 3.7% from net sales of $200.4 million in Q4 of 2015 . Sees 2017 adjusted diluted earnings per share between $4.00 and $4.25 .FY 2017 earnings per share view $4.07, revenue view $2.78 billion -- Thomson Reuters I/B/E/S.  Full Article

Albemarle raises dividend for 23rd consecutive year
Thursday, 23 Feb 2017 06:55pm EST 

Albemarle Corp : Albemarle raises dividend for 23rd consecutive year .Declared a quarterly dividend of $0.32 per share, an increase of 5 pct over previous quarterly dividend of $0.305.  Full Article

Albemarle says as of Jan. 18, total of EUR 533.3 mln aggregate principal amount of 2021 notes had been validly tendered
Thursday, 19 Jan 2017 08:55am EST 

Albemarle Corp : Albemarle Corporation announces early tender results of maximum tender offers for certain outstanding debt securities . Albemarle Corp - as of January 18, total of EUR 533.3 million aggregate principal amount of 2021 notes had been validly tendered .Albemarle - as of Jan 18, 2017, total of EUR 533.3 million of 2021 notes had been validly tendered and not validly withdrawn in maximum tender offers.  Full Article

Albemarle to acquire lithium salts production assets in Asia
Tuesday, 23 Aug 2016 06:50am EDT 

Albemarle Corp : Albemarle signs definitive agreement to acquire lithium salts production assets in Asia . Albemarle Corp says transaction includes manufacturing assets located in both Jiangxi and Sichuan . Says transaction is expected to close by end of Q1 of 2017 .Says collectively, Jiangli new material assets have a total lithium salts capacity of 15,000 mt/year, with ability to expand.  Full Article

Albemarle Q2 adjusted EPS $0.93 from cont ops
Wednesday, 3 Aug 2016 05:05pm EDT 

Albemarle Corp : Q2 adjusted earnings per share $0.93 from continuing operations . Q2 earnings per share $0.74 from continuing operations . Q2 revenue view $857.8 million -- Thomson Reuters I/B/E/S . Q2 loss per share $2.78 including items . Albemarle exceeds second quarter 2016 expectations and raises guidance . Q2 adjusted earnings per share $1.09 including items . Q2 sales fell 6.8 percent to $669.3 million . Q2 earnings per share view $1.00 -- Thomson Reuters I/B/E/S . Non-Cash tax charge of $416.7 million related to decision to sell chemetall surface treatment business in quarter . Sees fy net sales $2.5 - $2.8 billion .Sees 2016 adjusted eps (per diluted share) of $3.35 - $3.60.  Full Article

Fitch says Albemarle's planned sale of Chemetall surface treatment business to BASF is neutral to ratings
Friday, 17 Jun 2016 11:42am EDT 

Fitch Ratings :Fitch says Albemarle's planned sale of its Chemetall surface treatment business to BASF is neutral to co's ratings.  Full Article

Basf says basf to acquire global surface treatment provider chemetall
Friday, 17 Jun 2016 07:03am EDT 

Basf Se says :BASF to acquire global surface treatment provider Chemetall.  Full Article

Albemarle to sell Chemetall Surface Treatment Business to BASF for $3.2 bln
Friday, 17 Jun 2016 06:44am EDT 

Albemarle Corp: Albemarle enters into definitive agreement to sell Chemetall Surface Treatment Business to BASF for $3.2 billion .Albemarle corp says BofA Merrill lynch is acting as exclusive financial advisor to albemarle for the deal.  Full Article

Albemarle said to explore sale of $3 bln surface-treatment unit- Bloomberg
Friday, 13 May 2016 02:46pm EDT 

: Albemarle Corp said to explore sale of $3 billion surface-treatment unit - Bloomberg, citing sources .Bank Of America Corp has been hired to help Albemarle consider strategic options for Chemetall - Bloomberg, citing sources.  Full Article

More From Around the Web

BRIEF-Albemarle CEO Luther Kissam's FY 2016 total compensation was $8.4 mln

* CEO Luther Kissam's FY 2016 total compensation $8.4 million versus $5.3 million in FY 2015 - sec filing Source text : http://bit.ly/2nvMLLB Further company coverage: