- Chemicals - Specialty
- Basic Materials
-
-4.26
EPS
-
-20.41
P/E
-
10.2B
MARKET CAP
-
1.84%
DIV YIELD
Company Overview
4250 CONGRESS STREET,CHARLOTTE NC 28209,980-299-5700
CEO
Mr. Jerry Kent Masters Jr.
Employess
9000
Sector
Basic Materials
Industry
Chemicals - Specialty
Website
https://www.albemarle.com
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
Next Earnings Date
Nov. 6, 2024
Ex Dividends date
Oct. 01, 2024
Dividend Date
Sept. 13, 2024
YTD Performance
-40.78%
Fiscal Year End
12-31
IPO Date
1994-02-22
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | 13.90% | 23.30% | 45.40% | 31.38% |
EPS | 10.52% | 15.94% | 56.03% | -23.11% |
Equity | 19.18% | 21.29% | 30.16% | 17.91% |
Cash | 6.43% | 9.89% | 6.02% | -40.64% |
Return On Capital (ROIC) | 6.33% | 5.95% | 5.40% | -1.33% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 656 | 2.13 | 390 | 805 | 210 |
Long Term Debt | 3,440 | 3,210 | 2,000 | 2,770 | 2,860 |
LT Finance Leases | 218 | 99.3 | 127 | 117 | 23.1 |
Shares Outstanding | 117 | 117 | 116 | 106 | 106 |
Market Cap | 16,900 | 25,400 | 27,100 | 15,700 | 7,740 |
Price
News
Top Lithium Producer's Stock Down 40%: What Investors Should Know
1 monthAlbemarle Corporation NYSE: ALB is in the basic materials sector and is the 17th largest company in the U.S. chemical industry. The company is vastly underperforming its sector in 2024, down 40%.
marketbeat.comWhy Albemarle Stock Just Crashed 10%
2 monthsAlbemarle reported miserable Q2 earnings on Wednesday, losing nearly $2 per share. Wall Street was quick to cut price targets, but most analysts still think Albemarle stock is a long-term buy.
fool.comAlbemarle Corporation (ALB) Q2 2024 Earnings Call Transcript
2 monthsAlbemarle Corporation (NYSE:ALB ) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Meredith Bandy - VP, IR and Sustainability Jerry Kent Masters, Jr. - Chairman, President, and CEO Neal R. Sheorey - EVP and CFO Netha N.
seekingalpha.comAlbemarle's (ALB) Earnings Miss Estimates in Q2, Revenues Beat
2 monthsWhile Albemarle (ALB) benefits from higher volumes, lower lithium market pricing weighed on its results in the second quarter.
zacks.comAlbemarle (ALB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
2 monthsAlthough the revenue and EPS for Albemarle (ALB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.comAlbemarle (ALB) Misses Q2 Earnings Estimates
2 monthsAlbemarle (ALB) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $7.33 per share a year ago.
zacks.comTumbling lithium prices push Albemarle to fresh round of cost cuts
2 monthsAlbemarle , the world's largest lithium producer, said on Wednesday it would slash costs for the second time this year and that everything but its dividend could be on the chopping block.
reuters.comLithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
2 monthsAlbemarle will halt the expansion of the Kemerton manufacturing plant in Australia as lithium prices remain weak and it reviews its cost structure. The lithium mining giant said it swung to a second-quarter net loss of $1.96 a share.
cnbc.comAlbemarle Announces Asset and Cost Actions to Enhance Competitiveness and Proactively Respond to Dynamic Market Conditions
2 monthsActions include immediate footprint changes to its Kemerton site in Australia, as well as a full review of cost and operating structure CHARLOTTE, N.C. , July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced it has launched a comprehensive review of its cost and operating structure, as well as immediate asset actions at its Kemerton lithium processing site in Australia.
prnewswire.comAlbemarle Reports Second Quarter 2024 Results
2 monthsCHARLOTTE, N.C., July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2024.
prnewswire.comTop 3 Lithium Stocks to Buy Now for High Growth Potential
2 monthsDespite growing interest in the green energy revolution, lithium stocks faced challenges this year. Lithium is cruical for lithium-ion batteries, which power everything from electric vehicles to smartphones.
investorplace.comMy Best Dividend Aristocrats For August 2024
2 monthsThe ProShares S&P 500 Dividend Aristocrats ETF slumps to end the first half of 2024, posting a loss of 1.40% in June. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 36 months of tracking these strategies, two strategies are outperforming NOBL, while 1 remains relatively close.
seekingalpha.com