---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-24-000098"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:46:42.829955+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000915913-24-000098
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591324000098/0000915913-24-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591324000098/alb-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-24-000098
- JSON: https://secwatch.observer/filing/0000915913-24-000098.json
- Plain text: https://secwatch.observer/filing/0000915913-24-000098.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/915913/000091591324000098/0000915913-24-000098-index.htm

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