secwatch.observer — SEC 8-K summary
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Issuer:     ALBEMARLE CORP (ALB)
CIK:        0000915913
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000915913-22-000134
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albemarle Q2 sales $1.48B (+91% YoY); raises FY2022 guidance sharply
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- Net income $406.8M ($3.46 GAAP EPS); adjusted diluted EPS $3.45, up 288% YoY.
- Lithium segment sales $891.5M (+178%), adjusted EBITDA $495.2M (+353%) on higher pricing and volumes.
- FY2022 guidance raised: net sales $7.1-7.5B, adjusted EBITDA $3.2-3.5B, adjusted EPS $19.25-22.25.
- Kemerton I lithium plant in Australia achieved first product in July 2022.
- Catalysts segment adjusted EBITDA down 53.7% due to cost pressures; strategic review ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915913/000091591322000134/0000915913-22-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915913/000091591322000134/alb-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000915913-22-000134

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