---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-24-000156"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T05:02:31.470097+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Albemarle Q3 net loss $1.1B; announces 6-7% workforce reduction, $300-400M annual cost savings

## Summary
- Net loss of $1.1B ($9.45/sh); adjusted loss $1.55/sh; includes $861M asset write-off charges.
- Adjusted EBITDA $211M; Energy Storage & Specialties volumes up 16% and 4% YoY.
- Full-year 2024 outlook maintained: net sales $5.5-6.2B, adj. EBITDA $0.9-1.2B based on $12-15/kg lithium.
- Cost restructuring: 6-7% workforce cut (~15% of non-mfg), annual savings $300-400M; FY25 capex ~$800-900M (down ~50% YoY).

## SEC filing metadata
- accession: 0000915913-24-000156
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2024-11-06T23:59:59+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/915913/000091591324000156/0000915913-24-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591324000156/alb-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-24-000156
- JSON: https://secwatch.observer/filing/0000915913-24-000156.json
- Plain text: https://secwatch.observer/filing/0000915913-24-000156.txt

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