Key Developments: Albemarle Corp (ALB)
14 Mar 2014
Latest Key Developments (Source: Significant Developments)
Albemarle Corp:Announced a quarterly dividend of $0.275 per share, an increase of 15 percent over the previous quarterly dividend of $0.24.Payable April 1 to shareholders of record at the close of business on March 14. Full Article
Albemarle Corp:Expects FY 2014 revenue growth of the order of 7pct to 8pct to around $2.8 billion.FY 2014 revenue of $2.7 billion - Thomson Reuters I/B/E/S. Full Article
Albemarle Corp gives Q4 2013 earnings outlook below analysts' estimates; updates on FY 2013 EPS outlook to a range below analysts' estimates; gives Q4 2013 charge outlook
Albemarle Corp:Sees Q4 2013 earnings in the range of $83 mln to $88 mln in net income, or $1.02 to $1.07 per diluted share (EPS), excluding special items, resulting in FY 2013 earnings of $4.00 to $4.05 per diluted share (EPS).Says it expects to incur a pre-tax special charge of between $30 mln and $35 mln during the Q4 2013.Says the charge in connection with a restructuring of its workforce from three global business units to two and consistent with its previously announced intent to redeploy greater resources to R&D, business development and sales to spur growth.Q4 2013 EPS of $1.14, net income of $95 mln -Thomson Reuters I/B/E/S.FY 2013 EPS of $4.12 -Thomson Reuters I/B/E/S. Full Article
Albemarle Corp Expands Electronic Materials Catalyst Portfolio By Acquiring Cambridge Chemical Company, Ltd.
Albemarle Corp announced that it has expanded its presence in the electronic materials market with the acquisition of Cambridge Chemical Company, Ltd. The acquisition of Cambridge Chemical was completed on October 1, 2013. Terms of the agreement were not disclosed. Full Article
Albemarle Corp announced that its Board of Directors has declared a quarterly dividend of $0.24 per share. The dividend is payable January 2, 2014, to shareholders of record at the close of business as of December 13, 2013. Full Article
Albemarle Corp announced that for fiscal 2013, it is projecting EPS to decline in the range of 10% to 15% from fiscal 2012, including the impact of the Company's share repurchase program. The Company reported EPS of $4.85 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.60 for fiscal 2013. Full Article
Albemarle Corp announced that it has declared a quarterly dividend of $0.24 per share. The dividend is payable October 1, 2013, to shareholders of record at the close of business as of September 13, 2013. Full Article
Albemarle Corp and Senze Meilu Company, of Shanxi, China, announced that the two companies have signed definitive agreements to establish a joint venture company in Lvliang, Shanxi. Upon final approval from the relevant government authorities in China, the venture, Albemarle Senze Chemicals (Shanxi) Company, Ltd., will build and operate a new 50,000 MT facility to manufacture MARTINAL fine precipitated alumina trihydrate (ATH) flame retardants based on Albemarle's proprietary technology principally used in wire and cable applications. Full Article
Albemarle Corp announced that it has declared a quarterly dividend of $0.24 per share. The dividend is payable July 1, 2013, to shareholders of record at the close of business as of June 14, 2013. Full Article
Albemarle Corp announced that for fiscal 2013, The weaker yen and the Company's current assumptions regarding the average US dollar to yen exchange rate for 2013 created a headwind of approximately $17 million-$20 million. That change alone modifies the Company's annual earnings growth expectation to a range of negative 4% to up 3%. The Company reported revenue of $4.85 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.73 for fiscal 2013. Full Article
LONDON, Nov 27 - British pawnbroker Albemarle & Bond warned on Wednesday it expected to make a loss at the earnings level in the first five months of the year, and that market forecasts needed to come down to reflect this.