---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-23-000113"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:18:26.147259+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Albemarle Q1 net sales up 129% to $2.6B; cuts FY23 guidance on lithium pricing

## Summary
- Q1 net income $1.2B ($10.51 diluted EPS); adjusted diluted EPS $10.32, up 334% YoY.
- Net sales $2.6B (+129%); adjusted EBITDA $1.6B (+269%).
- FY23 guidance lowered: net sales now $9.8-$11.5B, adjusted EPS $20.75-$25.75.
- Signed definitive agreements to restructure MARBL Lithium JV; MinRes to invest in China assets.
- Final investment decision for Kemerton trains III & IV; selected Richburg, SC for U.S. lithium facility.

## SEC filing metadata
- accession: 0000915913-23-000113
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591323000113/0000915913-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591323000113/alb-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-23-000113
- JSON: https://secwatch.observer/filing/0000915913-23-000113.json
- Plain text: https://secwatch.observer/filing/0000915913-23-000113.txt

## Key facts
- Earnings Releases
  ALBEMARLE CORP reported the first quarter ended March 31, 2023 results: revenue $2.6 billion, net income $1.2 billion, or $10.51 per diluted share, EPS $10.32. Guidance lowered.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $2.6 billion
  - Net income: $1.2 billion, or $10.51 per diluted share
  - EPS: $10.32
  - Guidance: lowered
  - Result: reported results
  source text: quarter ended March 31, 2023. First-Quarter 2023 and Recent Highlights (Unless otherwise stated, all percentage changes represent year-over-year comparisons) • Net sales of $2.6 billion, an increase of 129% • Net income of $1.2 billion, or $10.51 per diluted share, an increase of 389% • Adjusted diluted EPS of $10.32, an increase of 334% • Adjusted EBITDA of
  evidence_url: https://www.sec.gov/Archives/edgar/data/915913/000091591323000113/0000915913-23-000113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.