---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-24-000137"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:44:38.426844+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Albemarle reports Q2 net loss of $188M; initiates cost review with up to $1.1B charge

## Summary
- Net loss of $188M ($1.96 diluted EPS); adjusted EPS $0.04; net sales $1.4B, down YoY on lower lithium pricing.
- Energy Storage volumes grew 37% YoY; Talison JV dividends lifted cash from ops to $363M, up $289M YoY.
- Kemerton site actions: Train 2 to care & maintenance, stop Train 3 construction; expects Q3 charge of $0.9-$1.1B.
- Maintaining FY2024 outlook: net sales $5.5-$6.2B, adj. EBITDA $0.9-$1.2B under $12-15/kg LCE scenario.
- Delivered >$150M in productivity benefits; on track to exceed full-year target by 50%.

## SEC filing metadata
- accession: 0000915913-24-000137
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2024-07-31T23:59:59+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/915913/000091591324000137/0000915913-24-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591324000137/alb-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-24-000137
- JSON: https://secwatch.observer/filing/0000915913-24-000137.json
- Plain text: https://secwatch.observer/filing/0000915913-24-000137.txt

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