Albemarle realigns segments into Energy Storage, Specialties, Ketjen; recasts historical results

ALBEMARLE CORP

New reportable segments: Energy Storage, Specialties, and Ketjen (formerly Catalysts), replacing prior Lithium and Bromine structure.
Historical net sales and adjusted EBITDA data for 2021 and 2022 refurnished under new segments; no change to consolidated financials.
Energy Storage net sales surged to $4.66B in 2022 (from $1.07B in 2021); adjusted EBITDA rose to $3.03B (from $371M).
Ketjen segment posted net sales of $899.6M in 2022; adjusted EBITDA of $28.7M, with Q4 2022 negative $2.6M.
Specialties segment net sales were $1.76B in 2022 (up from $1.42B in 2021); adjusted EBITDA $527.3M.

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