{"schema_version":"secwatch.filing_event.v1","accession":"0000915913-24-000014","form_type":"8-K","ticker":"ALB","cik":"0000915913","company_name":"ALBEMARLE CORP","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.276880+00:00","generated_at":"2026-06-06T02:56:38.467651+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Albemarle posts Q4 loss $618M on LCM charge; FY23 sales record $9.6B, 2024 outlook cautious","bullets":["Q4 net loss $617.7M (($5.26)/share) vs. profit $1.13B ($9.60) YoY; includes $604M LCM charge and $223M China tax valuation allowance.","Full-year net sales $9.6B (+31% YoY); net income $1.6B ($13.36 diluted EPS); adjusted EBITDA $2.8B (or $3.4B ex-LCM).","Energy Storage Q4 net sales $1.7B (-15% YoY) on lower pricing (-50%) partially offset by +35% volume.","2024 guidance: capex $1.6-1.8B (down from ~$2.1B); Energy Storage adjusted EBITDA $0.7-2.3B depending on lithium price scenarios ($15-$25/kg LCE).","Announced cost/capex/working capital actions expected to unlock >$750M cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0000915913-24-000014","json":"https://secwatch.observer/filing/0000915913-24-000014.json","markdown":"https://secwatch.observer/filing/0000915913-24-000014.md","text":"https://secwatch.observer/filing/0000915913-24-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/0000915913-24-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/alb-20240214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:56:38.467651+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"326d082db2b247ca66d7c01bce4d23d85e0ad23d","claim":"ALBEMARLE CORP updated its full-year 2024 guidance (initiated).","evidence_excerpt":"Introduced full-year 2024 outlook considerations, including Energy Storage ranges based on lithium market price scenarios and utilizing an updated adjusted EBITDA definition similar to that in the company's amended credit agreement","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/0000915913-24-000014-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2024"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"5a219f0b8be2187590af62b3d50e87f8d5595f19","claim":"ALBEMARLE CORP reported the fourth quarter ended December 31, 2023 results: revenue $2.4 billion, net income $618 million, EPS ($5.26) per diluted share.","evidence_excerpt":"Net sales of $2.4 billion, primarily driven by 35% volume growth in Energy Storage • Net loss of $618 million, or ($5.26) per diluted share, including the LCM charge and tax valuation allowance expense","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/0000915913-24-000014-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$2.4 billion"},{"label":"Net income","value":"$618 million"},{"label":"EPS","value":"($5.26) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cb33f970b567ec038d57a36d6eae00a4257beab7","claim":"ALBEMARLE CORP reported the full year ended December 31, 2023 results: revenue $9.6 billion, net income $1.6 billion, EPS $13.36 per diluted share.","evidence_excerpt":"Net sales of $9.6 billion, the highest in company history, up 31%, of which 21% was total volume growth; Energy Storage sales volumes were up 35% • Net income of $1.6 billion, or $13.36 per diluted share, the second highest in company history","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/0000915913-24-000014-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2023"},{"label":"Revenue","value":"$9.6 billion"},{"label":"Net income","value":"$1.6 billion"},{"label":"EPS","value":"$13.36 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}