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Albemarle Corp (ALB.N)

ALB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Albemarle Q1 Earnings Per Share $1.26
Thursday, 9 May 2019 

May 8 (Reuters) - Albemarle Corp ::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.  Full Article

Albemarle Sees Q1 Adjusted EPS $1.20 To $1.25
Friday, 29 Mar 2019 

March 28 (Reuters) - Albemarle Corp ::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.  Full Article

Albemarle Corporation Raises Dividend
Wednesday, 27 Feb 2019 

Feb 26 (Reuters) - Albemarle Corp ::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.  Full Article

Albemarle confident on rising demand for lithium from EV industry
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Albemarle Corp ::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 <<>>.CEO SAYS 'COMFORTABLE' WITH RECENT AGREEMENT WITH CHILE'S CORFO REGULATORY AGENCY, DOESN'T CHANGE LONG-TERM OUTLOOK ON CHILE OPERATIONS.  Full Article

Albemarle Reports Fourth Quarter Results
Thursday, 21 Feb 2019 

Feb 20 (Reuters) - Albemarle Corp ::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.  Full Article

Albemarle Corp - Corfo Will Not File Previously Disclosed Arbitration Claim.
Friday, 25 Jan 2019 

Albemarle Corp ::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.".  Full Article

Mineral Resources Enters Binding Agreement With Albemarle Corp
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Mineral Resources ::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.  Full Article

Mineral Resources Enters Exclusivity Agreement With Albemarle Corporation
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Mineral Resources Ltd ::ENTERED INTO AN EXCLUSIVITY AGREEMENT (AGREEMENT) WITH ALBEMARLE CORPORATION.PURCHASE PRICE FOR SALE INTEREST OF US$1.15B IN CASH.AGREEMENT FOR POTENTIAL SALE OF 50% INTEREST IN WODGINA LITHIUM PROJECT (SALE INTEREST) AND FORMATION OF A 50:50 JOINT VENTURE.  Full Article

Albemarle Announces Changes To Global Business Unit Leadership
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Albemarle Corp ::ALBEMARLE ANNOUNCES CHANGES TO GLOBAL BUSINESS UNIT LEADERSHIP.ALBEMARLE CORP - ERIC NORRIS BECOMES PRESIDENT, LITHIUM.ALBEMARLE CORP - ERIC NORRIS BECOMES PRESIDENT, LITHIUM.ALBEMARLE CORP - RAPHAEL CRAWFORD, PRESIDENT, BROMINE SPECIALTIES, WILL TRANSITION FROM HIS CURRENT POSITION TO TAKE ON ROLE OF PRESIDENT, CATALYSTS.ALBEMARLE CORP - NAMED NETHA JOHNSON TO SUCCEED CRAWFORD AS PRESIDENT, BROMINE SPECIALTIES.ALBEMARLE CORP - CHANGES TO ITS GLOBAL BUSINESS UNIT LEADERSHIP TEAM, EFFECTIVE AUGUST 1, 2018.  Full Article

Albemarle Corp,Albemarle Global Finance Company SCA, Albemarle Europe SPRL On June 21 Entered Into $1 Billion 5-Year,Revolving, Unsecured Credit Facility
Thursday, 28 Jun 2018 

June 27 (Reuters) - Albemarle Corp ::ALBEMARLE CORP-ON JUNE 21, CO,ALBEMARLE GLOBAL FINANCE COMPANY SCA, ALBEMARLE EUROPE SPRL ENTERED INTO $1 BILLION 5-YEAR,REVOLVING, UNSECURED CREDIT FACILITY.ALBEMARLE CORP-NEW CREDIT FACILITY REPLACES CERTAIN CREDIT AGREEMENT, DATED AS OF FEB 7, 2014, THAT WAS DUE TO MATURE ON FEBRUARY 7, 2020- SEC FILING.ALBEMARLE CORP - PRIOR CREDIT FACILITY WAS UNDRAWN AS OF JUNE 20, 2018.ALBEMARLE CORP - NEW CREDIT FACILITY MATURES ON JUNE 21, 2023.  Full Article

Albemarle details efforts to boost its Chilean lithium output by 30 percent

SANTIAGO, June 11 Albemarle Corp on Tuesday detailed a process it believes will increase its Chilean lithium output by nearly a third and said it is working to reduce the affect of precipitation on its evaporation ponds.