---
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"
generated_at: "2026-06-06T02:56:38.467651+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Albemarle posts Q4 loss $618M on LCM charge; FY23 sales record $9.6B, 2024 outlook cautious

## Summary
- 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.

## SEC filing metadata
- 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
- 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/915913/000091591324000014/0000915913-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/alb-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-24-000014
- JSON: https://secwatch.observer/filing/0000915913-24-000014.json
- Plain text: https://secwatch.observer/filing/0000915913-24-000014.txt

## Key facts
- Earnings Releases
  ALBEMARLE CORP updated its full-year 2024 guidance (initiated).
  - Period: full-year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/0000915913-24-000014-index.htm
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $2.4 billion
  - Net income: $618 million
  - EPS: ($5.26) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/0000915913-24-000014-index.htm
- Earnings Releases
  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.
  - Period: the full year ended December 31, 2023
  - Revenue: $9.6 billion
  - Net income: $1.6 billion
  - EPS: $13.36 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/915913/000091591324000014/0000915913-24-000014-index.htm

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