---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-23-000178"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:52:43.525125+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Albemarle Q3 net sales up 10% but slashes FY2023 guidance on lower lithium pricing

## Summary
- Q3 net sales $2.3B (+10% YoY); net income $302.5M ($2.57 EPS); adjusted diluted EPS $2.74.
- FY2023 net sales guidance cut to $9.5-$9.8B from $10.4-$11.5B; adjusted EPS cut to $21.50-$23.50.
- Adjusted EBITDA guidance reduced to $3.2-$3.4B from $3.8-$4.4B; net cash from ops cut to $600-$800M.
- On track for >$170M productivity benefits in 2023; capex unchanged $1.9-$2.1B.
- Signed Caterpillar battery circularity partnership; received $90M DoD award for Kings Mountain mine restart.

## SEC filing metadata
- accession: 0000915913-23-000178
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591323000178/0000915913-23-000178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591323000178/alb-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-23-000178
- JSON: https://secwatch.observer/filing/0000915913-23-000178.json
- Plain text: https://secwatch.observer/filing/0000915913-23-000178.txt

## Key facts
- Earnings Releases
  ALBEMARLE CORP reported the third quarter ended September 30, 2023 results: revenue $2.3 billion, net income $302.5 million, or $2.57 per diluted share. Guidance reaffirmed.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $2.3 billion
  - Net income: $302.5 million, or $2.57 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: quarter ended September 30, 2023. Third-Quarter 2023 and Recent Highlights (Unless otherwise stated, all percentage changes represent year-over-year comparisons) • Net sales of $2.3 billion, an increase of 10% • Net income of $302.5 million, or $2.57 per diluted share • Adjusted diluted EPS of $2.74 • Adjusted EBITDA of $453.3 million • Signed agreements with
  evidence_url: https://www.sec.gov/Archives/edgar/data/915913/000091591323000178/0000915913-23-000178-index.htm

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