secwatch.observer — SEC 8-K summary
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Issuer:     ALBEMARLE CORP (ALB)
CIK:        0000915913
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000915913-22-000165
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albemarle Q3 net sales up 152% to $2.1B; adj EPS $7.50 (+614%); tightens FY22 guidance
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- Net sales $2.1B (+152% YoY); net income $897.2M; adjusted diluted EPS $7.50 (+614%).
- Completed acquisition of Qinzhou lithium conversion plant in China for $200M; Kemerton II mechanically complete.
- Catalysts strategic review concluded; business retained as wholly owned subsidiary branded Ketjen.
- FY22 guidance tightened: net sales $7.1-$7.4B, adj EBITDA $3.3-$3.5B, adj EPS $19.75-$21.75.
- Lithium net sales $1.5B (+318%), adj EBITDA $1.1B (+786%); Bromine net sales $354.9M (+28%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915913/000091591322000165/0000915913-22-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915913/000091591322000165/alb-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000915913-22-000165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer