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Albemarle Corp (ALB.N)

ALB.N on New York Stock Exchange

117.91USD
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Albemarle Enters Into Agreement To Sell Portion Of Performance Catalysts Solutions To W. R. Grace & Co.
Thursday, 14 Dec 2017 05:00pm EST 

Dec 14 (Reuters) - W. R. Grace & Co ::ALBEMARLE ENTERS INTO DEFINITIVE AGREEMENT TO SELL PORTION OF PERFORMANCE CATALYSTS SOLUTIONS TO W. R. GRACE & CO..ALBEMARLE - W.R. GRACE TO ASSUME LEASE & OPERATIONS AT PRODUCT DEVELOPMENT CENTER IN BATON ROUGE, OPERATIONS AT YEOSU, SOUTH KOREA SITE.ALBEMARLE - ORGANOMETALLICS AND CURATIVES PORTIONS OF PERFORMANCE CATALYSTS SOLUTIONS BUSINESS WILL REMAIN WITH CO.  Full Article

Grace To Acquire Polyolefin Catalysts Business
Thursday, 14 Dec 2017 05:00pm EST 

Dec 14 (Reuters) - W. R. Grace & Co ::GRACE TO ACQUIRE POLYOLEFIN CATALYSTS BUSINESS.W. R. GRACE & CO - DEAL FOR $416 MILLION.W. R. GRACE & CO - EXPECTS TO FINANCE TRANSACTION WITH A COMBINATION OF DEBT AND CASH.W. R. GRACE - SIGNED AGREEMENT TO BUY POLYOLEFIN CATALYSTS BUSINESS OF ALBEMARLE.  Full Article

Albemarle posts Q3 earnings per share $1.06
Wednesday, 8 Nov 2017 05:05pm EST 

Nov 8 (Reuters) - Albemarle Corp :Albemarle continues double digit growth in third quarter.Q3 adjusted earnings per share $1.08 from continuing operations.Q3 earnings per share $1.06.Q3 sales $754.9 million versus i/b/e/s view $732 million.Q3 earnings per share view $1.07 -- Thomson Reuters I/B/E/S.Lithium and advanced materials reported net sales of $343.6 million in q3 of 2017, an increase of 42.9% from q3 2016​.Bromine specialties reported net sales of $212.9 million in Q3 of 2017, an increase of 9.5% from q3 2016​.Sees 2017 net sales in range of $3.00 billion to $3.05 bln‍​.Refining solutions reported net sales of $170.3 million in q3 of 2017, a decrease of 10.6% from net sales of $190.5 million in q3 of 2016​.Sees 2017 adjusted eps (per diluted share) in range of $4.40 to $4.50‍​.In quarter, ‍hurricane harvey reduced adjusted ebitda by $11 million and adjusted diluted earnings per share by $0.07​.FY 2017 earnings per share view $4.38, revenue view $2.95 billion -- Thomson Reuters I/B/E/S.  Full Article

Albemarle Q2 earnings per share $0.92
Monday, 7 Aug 2017 05:05pm EDT 

Aug 7 (Reuters) - Albemarle Corp ::Albemarle growth story continues with strong second quarter performance.Q2 adjusted earnings per share $1.13 from continuing operations.Q2 earnings per share $0.92.Q2 sales $737.3 million versus I/B/E/S view $736.4 million.Q2 earnings per share view $1.11 -- Thomson Reuters I/B/E/S.Albemarle Corp - ‍we confirm our guidance of $2.90 to $3.05 billion in net sales for 2017​.Albemarle Corp - sees 2017 ‍adjusted EBITDA of $835 to $875 million, and 2017 adjusted EPS per diluted share of $4.20 to $4.40​.  Full Article

Albemarle reports Q1 sales $722.1 million
Wednesday, 3 May 2017 05:05pm EDT 

May 3 (Reuters) - Albemarle Corp :Albemarle reports 10% growth in first quarter 2017 net sales.Q1 adjusted earnings per share $1.05 from continuing operations.Q1 earnings per share $0.45.Q1 sales $722.1 million versus I/B/E/S view $682.6 million.Q1 earnings per share view $0.97 -- Thomson Reuters I/B/E/S.Albemarle Corp - Initiated $250 million accelerated share repurchase program, retiring approximately 1.9 million shares in Q1.Sees 2017 net sales $2.9 billion - $3.05 billion.Albemarle Corp - 2017 adjusted EPS outlook $4.20 - $4.40.FY2017 earnings per share view $4.18, revenue view $2.86 billion -- Thomson Reuters I/B/E/S.Albemarle - Lithium and advanced materials reported net sales of $284.4 million in Q1 of 2017, an increase of 31.5% from Q1 2016 net sales of $216.2 million.Albemarle Corp - Raising annual guidance.Bromine Specialties reported net sales of $219.2 million in Q1 of 2017, an increase of 11.5% from Q1 2016 net sales of $196.6 million.Albemarle Corp - Refining solutions reported net sales of $185.4 million in Q1 of 2017, an increase of 8.7% from net sales of $170.6 million in Q1 of 2016.  Full Article

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

BRIEF-Albemarle Announces Retirement Executive VP, Corporate Strategy & Investor Relations

* ALBEMARLE ANNOUNCES RETIREMENT OF MATT JUNEAU, EXECUTIVE VICE PRESIDENT, CORPORATE STRATEGY & INVESTOR RELATIONS; NAMES ERIC W. NORRIS AS SUCCESSOR Source text for Eikon: Further company coverage: