earnings
confidence high
sentiment positive
materiality 0.85
Albemarle Q4 net sales up 193% to $2.6B; FY22 net sales over $7B; FY23 guidance $11.3-12.9B
ALBEMARLE CORP
2021-FY EPS reported
$22.84
revenue$7,320,104,000
- Q4 net income $1.1B ($9.60 diluted EPS); adjusted diluted EPS $8.62, up 753% YoY.
- FY22 net sales >$7B, more than double FY21; adjusted EBITDA ~$3.5B, nearly 4x YoY.
- FY23 guidance: net sales $11.3-12.9B; adjusted EBITDA $4.2-5.1B; capex $1.7-1.9B.
- Long-term 2027 target: net sales $17.6-19.3B, adjusted EBITDA $7.2-8.4B.
- New Albemarle Technology Park in Charlotte; launched MercLok™ mercury remediation product.