Key Developments: Albemarle Corp (ALB)

ALB on New York Consolidated

68.26USD
25 Jul 2014
Price Change (% chg)

$0.72 (+1.07%)
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Latest Key Developments (Source: Significant Developments)

Albemarle Corp Lowers Prior FY 2013 EPS Guidance-Conference Call
Thursday, 18 Jul 2013 09:00am EDT 

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 Announces Quarterly Dividend
Wednesday, 10 Jul 2013 04:03pm EDT 

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 Form Mineral Flame Retardant Joint Venture
Tuesday, 14 May 2013 09:20am EDT 

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 Announces Quarterly Dividend
Tuesday, 7 May 2013 03:08pm EDT 

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 Lowers FY 2013 EPS Guidance-Conference Call
Monday, 22 Apr 2013 09:00am EDT 

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

Albemarle Corp Reaffirms FY 2013 EPS Guidance-Conference Call
Wednesday, 20 Mar 2013 12:30pm EDT 

Albemarle Corp announced that for fiscal 2013, it expects adjusted earnings per share (EPS) to be flat to up 6% from fiscal 2012. 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 $5.02 for fiscal 2013.  Full Article

Albemarle Corp Announces 20% Dividend Increase; Approves Expansion of Share Repurchase Program
Tuesday, 12 Feb 2013 04:03pm EST 

Albemarle Corp announced that the Board of Directors increased the quarterly dividend to $0.24 per share, up 20% from $0.20 paid last quarter. The dividend is payable April 1, 2013 to shareholders of record at the close of business March 15, 2013. The new annualized dividend rate is $0.96 per share. The Board of Directors also authorized an increase in the number of shares the Company is permitted to repurchase under its existing share repurchase program to 15 million from 3.9 million shares that remained outstanding under the program as of December 31, 2012. The Company currently expects to repurchase approximately 10% of its outstanding shares over the next 10 to 15 months. Share repurchases will be funded through a combination of available cash on hand, free cash flow and possibly debt.  Full Article

Albemarle Corp Issues FY 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Wednesday, 23 Jan 2013 02:00pm EST 

Albemarle Corp announced that for fiscal 2013, it expects adjusted earnings per share (EPS), excluding special items and one time items, to be flat to up 6% from fiscal 2012. 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 $5.03 for fiscal 2013.  Full Article

Albemarle Corp Announces Quarterly Dividend
Tuesday, 9 Oct 2012 04:30pm EDT 

Albemarle Corp announced that it has declared a quarterly dividend of $0.20 per share. The dividend is payable January 1, 2013, to shareholders of record at the close of business as of December 14, 2012.  Full Article

Albemarle to buy rival Rockwood for lithium boost

- Chemicals maker Albemarle Corp said it would buy rival Rockwood Holdings Inc for $6.2 billion to tap fast-growing demand for lithium products used in mobile phone and automobile batteries.

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