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Albemarle Corporation

ALB

Latest Trade

67.13USD

Change

-1.09(-1.60%)

Volume

938,608

Today's Range

67.11

 - 

68.74

52 Week Range

58.63

 - 

108.74

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Albemarle Reports Q2 Earnings Per Share $1.45; Raises Full Year EPS Guidance

Aug 7 (Reuters) - Albemarle Corp <ALB.N>::ALBEMARLE REPORTS SECOND QUARTER GROWTH AND RAISES FULL YEAR EPS GUIDANCE.Q2 ADJUSTED EARNINGS PER SHARE $1.55.Q2 EARNINGS PER SHARE ESTIMATE $1.44 -- REFINITIV IBES DATA.SEES FY ADJUSTED EARNINGS PER SHARE $6.25 TO $6.65.Q2 EARNINGS PER SHARE $1.45.Q2 SALES $885.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $892.4 MILLION.RAISED FULL YEAR OUTLOOK OF ADJUSTED DILUTED EARNINGS PER SHARE TO BETWEEN $6.25 AND $6.65.WITH FIRST HALF 2019 PERFORMANCE AS EXPECTED, RECONFIRM 2019 NET SALES AND ADJUSTED EBITDA GUIDANCE.QTRLY LITHIUM NET SALES $324.8 MILLION VERSUS $317.6 MILLION.FY2019 EARNINGS PER SHARE VIEW $6.19 -- REFINITIV IBES DATA.

Mineral Resources Says Revised Arrangements With Albemarle For Wodgina Lithium

Aug 1 (Reuters) - Mineral Resources Ltd <MIN.AX>::REVISED ARRANGEMENTS WITH ALBEMARLE FOR WODGINA LITHIUM.UNDER REVISED ARRANGEMENT MRL WILL INCREASE INTEREST IN WODGINA LITHIUM PROJECT TO BE SOLD TO ALBEMARLE FROM 50% TO 60%.ALBEMARLE WILL PAY US$820 MILLION IN CASH AT CLOSING & TRANSFER 40% INTEREST IN FIRST TWO 25 KTPA LITHIUM HYDROXIDE CONVERSION UNITS.ALBEMARLE AND MRL WILL FORM A 60:40 JOINT VENTURE TO OPERATE WODGINA LITHIUM MINE AND PRODUCTION FACILITIES.ALBEMARLE TO FUND 100% OF CAPITAL EXPENDITURE, OTHER COSTS AT KEMERTON FACILITY ESTIMATED BY ALBEMARLE TO COST US$1.2 BILLION.IF TRANSACTION TERMINATED PRIOR TO COMPLETION, ALBEMARLE WILL PAY BREAK FEE TO MRL OF US$100 MLN.

Mineral Resources Announces Confirmation Of Chinese Anti-Trust Clearance

July 26 (Reuters) - Mineral Resources Ltd <MIN.AX>::ANNOUNCES CONFIRMATION OF CHINESE ANTI-TRUST CLEARANCE.UNCONDITIONAL APPROVAL OBTAINED FROM CHINA STATE ADMINISTRATION FOR MARKET REGULATION FOR TRANSACTION BETWEEN MRL & ALBEMARLE.

Albemarle Q1 Earnings Per Share $1.26

May 8 (Reuters) - Albemarle Corp <ALB.N>::Q1 ADJUSTED EARNINGS PER SHARE $1.23.Q1 EARNINGS PER SHARE $1.26.Q1 SALES $832.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $817 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.22 -- REFINITIV IBES DATA.REAFFIRMS FY ADJUSTED EARNINGS PER SHARE VIEW $6.10 TO $6.50.CONFIRMED FULL YEAR OUTLOOK OF ADJUSTED DILUTED EARNINGS PER SHARE BETWEEN $6.10 AND $6.50.SEES FY NET SALES $3.65 BILLION - $3.85 BILLION.LITHIUM REPORTED NET SALES OF $291.9 MILLION IN Q1 OF 2019, A DECREASE OF 2.1% FROM Q1 2018 NET SALES OF $298.0 MILLION.ALBEMARLE - Q1 RESULTS NEGATIVELY IMPACTED BY DIVESTITURE OF POLYOLEFIN CATALYSTS AND COMPONENTS PORTION OF PERFORMANCE CATALYST SOLUTIONS BUSINESS.FY2019 EARNINGS PER SHARE VIEW $6.21, REVENUE VIEW $3.68 BILLION -- REFINITIV IBES DATA.

Albemarle Sees Q1 Adjusted EPS $1.20 To $1.25

March 28 (Reuters) - Albemarle Corp <ALB.N>::ORATION EXPECTS LITHIUM VOLUME SHIFT FROM Q1; REAFFIRMS FULL YEAR GUIDANCE.SEES Q1 ADJUSTED EARNINGS PER SHARE $1.20 TO $1.25.SEES FY ADJUSTED EARNINGS PER SHARE $6.10 TO $6.50.EXPECTS Q1 ADJUSTED EARNINGS PER DILUTED SHARE TO BE IN RANGE OF $1.20 - $1.25.ALBEMARLE - ITS LITHIUM SEGMENT EXPECTS A SHIFT OF ABOUT 3,000 TO 3,500 METRIC TONS ON AN LCE BASIS IN VOLUME FROM Q1 2019 TO SUBSEQUENT QTRS IN 2019.VOLUME SHIFT UNDER LITHIUM SEGMENT WILL IMPACT Q1 BY ABOUT $40 MILLION TO $45 MILLION IN REVENUE AND $15 MILLION TO $18 MILLION IN EBITDA.VOLUME SHORTFALL IN QUARTER WAS PRIMARILY DUE TO TIMING OF CUSTOMER QUALIFICATIONS OF LITHIUM HYDROXIDE FROM XINYU II.VOLUME SHORTFALL IN QUARTER WAS ALSO PRIMARILY DUE TO TIMING OF CUSTOMER QUALIFICATIONS OF LITHIUM CARBONATE FROM TOLL MANUFACTURERS.VOLUME SHORTFALL IN QUARTER WAS ALSO PRIMARILY DUE TO PRODUCTION ISSUES AT COMPANY'S LA NEGRA, CHILE, SITE.EXPECTS VOLUME SHORTFALL IN QUARTER TO BE RECOVERED DURING REMAINDER OF 2019.

Albemarle Corporation Raises Dividend

Feb 26 (Reuters) - Albemarle Corp <ALB.N>::ORATION RAISES DIVIDEND FOR 25TH CONSECUTIVE YEAR, CONTINUES COMMITMENT TO RETURNING SHAREHOLDER VALUE.CO HAS DECLARED A DIVIDEND OF $0.3675 PER SHARE, AN INCREASE OF 10 PERCENT OVER PREVIOUS QUARTERLY DIVIDEND.

Albemarle confident on rising demand for lithium from EV industry

Feb 21 (Reuters) - Albemarle Corp <ALB.N>::CHIEF EXECUTIVE LUKE KISSAM SAYS ON TRACK TO PRODUCE CLOSE TO 40,000 METRIC TONS OF LITHIUM CARBONATE AT CHILE'S LA NEGRA IN 2019.CEO SAYS HEAVY JANUARY RAINS IN CHILE HURT LITHIUM PRODUCTION BY 3,000 TONNES.CEO SAYS LA NEGRA 3 AND 4 PROJECTS IN CHILE ON TRACK TO BEGIN COMMISSIONING IN 2020.CEO SAYS LITHIUM HYDROXIDE CAPACITY AT XINYU, CHINA, FACILITY NOW 35,000 TONNES DUE TO EXPANSION.CHIEF FINANCIAL OFFICER SCOTT TOZIER SAYS 'MOMENTUM AROUND ELECTRIC VEHICLES HAS CONTINUED TO ACCELERATE'.CFO SAYS DEMAND FOR STATIONARY STORAGE BATTERIES CONTINUES TO GROW.CFO SAYS PLANS 2019 CAPITAL BUDGET OF $800 MILLION TO $900 MILLION, WITH SIMILAR SPENDING FOR 2020 AND 2021.CEO SAYS MOST OF 2019 PRODUCTION ALMOST FULLY COMMITTED ON LONG-TERM CONTRACTS.SAYS SEEING CHINESE GOVERNMENT CREATING INCENTIVES FOR LONGER-RANGE, HIGHER-DENSITY BATTERIES.CEO SAYS SEEING 'REALISTIC, BUT PROBABLY OVERLY CONSERVATIVE DEMAND OUTLOOK' FOR LITHIUM.CFO SAYS RISING DEMAND FOR LITHIUM HYDROXIDE COMING FROM NCA-STYLE BATTERIES FAVORED BY TESLA INC <<<TSLA.O>>>.CEO SAYS 'COMFORTABLE' WITH RECENT AGREEMENT WITH CHILE'S CORFO REGULATORY AGENCY, DOESN'T CHANGE LONG-TERM OUTLOOK ON CHILE OPERATIONS.

Albemarle Reports Fourth Quarter Results

Feb 20 (Reuters) - Albemarle Corp <ALB.N>::SEES FY 2019 ADJUSTED EARNINGS PER SHARE $6.10 TO $6.50.Q4 ADJUSTED EARNINGS PER SHARE $1.53.Q4 SALES $921.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF $894.8 MILLION.Q4 EARNINGS PER SHARE $1.21.Q4 EARNINGS PER SHARE ESTIMATE $1.47 -- REFINITIV IBES DATA.SEES 2019 NET SALES TO RANGE BETWEEN $3.65 BILLION AND $3.85 BILLION."WE ARE NOT FORECASTING ANY SIGNIFICANT MACROECONOMIC HEADWINDS AND HAVE NOT SEEN ANY DECLINE IN OUR CUSTOMER DEMAND FORECASTS".QTRLY LITHIUM REPORTED NET SALES OF $341.6 MILLION, AN INCREASE OF 18.0% FROM Q4 2017 NET SALES OF $289.6 MILLION.QTRLY NET SALES WERE $921.7 MILLION, AN INCREASE OF 7% OVER PRIOR YEAR.Q4 EARNINGS PER SHARE VIEW $1.47, REVENUE VIEW $894.8 MILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $6.14, REVENUE VIEW $3.64 BILLION -- REFINITIV IBES DATA.

Albemarle Corp - Corfo Will Not File Previously Disclosed Arbitration Claim.

Albemarle Corp <ALB.N>::ALBEMARLE AND CORFO ANNOUNCE RESOLUTION IN CHILE.ALBEMARLE CORP - CORFO WILL NOT FILE PREVIOUSLY DISCLOSED ARBITRATION CLAIM..ALBEMARLE CORP - EXPANSION OF LA NEGRA SITE TO FULL 85,000 MT REMAINS ON TRACK TO BEGIN COMMISSIONING IN 2020..ALBEMARLE - IN 2019, WILL PRODUCE 40,000 TO 45,000 MT ON AN LCE BASIS IN THE LA NEGRA FACILITY IN CHILE.ALBEMARLE CORP - "AGREED UPON PROCESS WILL HAVE NO MATERIAL IMPACT ON OUR ANTICIPATED EARNINGS GROWTH, MARGINS OR OTHER FINANCIAL RESULTS.".

Mineral Resources Enters Binding Agreement With Albemarle Corp

Dec 14 (Reuters) - Mineral Resources <MIN.AX>::ENTERED INTO A BINDING ASSET SALE AND SHARE SUBSCRIPTION AGREEMENT WITH ALBEMARLE CORPORATION.PURCHASE PRICE FOR SALE INTEREST OF US$1.15 BLN IN CASH PAYABLE UPON COMPLETION OF SALE OF SALE INTEREST .DEAL IN RELATION TO SALE OF A 50% INTEREST IN WODGINA LITHIUM PROJECT AND FORMATION OF A 50:50 JOINT VENTURE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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