secwatch / observer
8-K filed January 24, 2023, 6:59 PM ET ticker ALB CIK 0000915913
earnings confidence high sentiment positive materiality 0.90

Albemarle reports record preliminary Q4 net sales up ~190% YoY; issues strong 2023 guidance

ALBEMARLE CORP

2021-FY EPS reported $22.84 revenue$7,320,104,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALBEMARLE CORP reported Fourth Quarter 2022 results: revenue $2,590 - $2,650 million, net income $1,107 - $1,157 million.

Period
Fourth Quarter 2022
Revenue
$2,590 - $2,650 million
Net income
$1,107 - $1,157 million
Result
preliminary results
Exact text from the filing
Fourth Quarter 2022 Highlights (Unless otherwise stated, all percent changes represent year-over-year comparisons) • Net sales of between $2,590 million and $2,650 million, up 190% to 196% • Net income in the range of $1,107 million to $1,157 million • Diluted EPS of between $9.30 and $9.80 • Adjusted diluted EPS of between $8.35 and $8.75, up 727% to 766% • Adjusted EBITDA of between $1,210 million and $1,260 million, up 429% to 451%
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALBEMARLE CORP reported Full Year 2022 results: revenue $7,290 - $7,350 million, net income $2,662 - $2,712 million.

Period
Full Year 2022
Revenue
$7,290 - $7,350 million
Net income
$2,662 - $2,712 million
Result
preliminary results
Exact text from the filing
Fourth Quarter and Full-Year 2022 Preliminary Results Three Months Ended Year Ended December 31, December 31, In millions, except per share amounts 2022 2021 2022 2021 Net sales $2,590 - $2,650 $ 894.2 $7,290 - $7,350 $ 3,328.0 Net income (loss) attributable to Albemarle Corporation $1,107 - $1,157 $ (3.8) $2,662 - $2,712 $ 123.7
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALBEMARLE CORP reported FY 2023 results: revenue $11.3 - $12.9 billion, EPS $26.00 - $33.00. Guidance initiated.

Period
FY 2023
Revenue
$11.3 - $12.9 billion
EPS
$26.00 - $33.00
Guidance
initiated
Result
guidance update
Exact text from the filing
Introducing 2023 Financial Targets FY 2023 Guidance as of Jan. 23, 2023 Net sales $11.3 - $12.9 billion Adjusted EBITDA $4.2 - $5.1 billion Adjusted EBITDA Margin 37% - 40% Adjusted Diluted EPS $26.00 - $33.00 Net Cash from Operations $2.1 - $2.4 billion Capital Expenditures $1.7 - $1.9 billion
View on SEC.gov

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ALBEMARLE CORP filing history →

Source: SEC EDGAR
accession 0000915913-23-000022
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