Albemarle Q1 net sales $1.4B, net income $2M, adj EPS $0.26; reaffirms FY2024 outlook

ALBEMARLE CORP

2024-Q1 EPS reported -$0.08 revenue$1,360,736,000

Net sales $1.4B driven by Energy Storage volume growth; net income $2M ($0.08 diluted EPS loss after preferred dividends).
Adjusted diluted EPS $0.26; adjusted EBITDA $291M; >$90M in productivity savings delivered in Q1.
Reaffirmed FY2024 outlook: net sales $5.5-7.6B, adj EBITDA $0.9-2.6B across three lithium price scenarios.
Achieved 50% operating rate at Kemerton I; Meishan commissioning and Salar Yield Improvement project progressing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALBEMARLE CORP reported the first quarter ended March 31, 2024 results: revenue $1.4 billion, net income $2 million, or ($0.08) per diluted share attributable to common shareholders. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $1.4 billion
Net income: $2 million, or ($0.08) per diluted share attributable to common shareholders
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today announced its results for the first quarter ended March 31, 2024. First-Quarter 2024 and Recent Highlights (Unless otherwise stated, all percentage changes represent year-over-year comparisons) • Net sales of $1.4 billion, driven by Energy Storage volume growth as projects ramp • Net income of $2 million, or ($0.08) (a) per diluted share attributable to common shareholders

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

ALBEMARLE CORP filing history →

Source: SEC EDGAR

accession 0000915913-24-000098

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.