Albemarle Q4 adj. EPS loss $1.09; full-year net loss $1.2B as lithium prices slump

ALBEMARLE CORP

2024-FY EPS reported -$11.20 revenue$5,377,526,000

Q4 net sales $1.2B (-48% YoY); adj. diluted EPS loss ($1.09) vs loss ($5.19) prior year.
Full-year net loss $1.2B ($11.20 diluted loss); adj. diluted loss per share ($2.34).
Adjusted EBITDA Q4 $251M vs loss $135M prior year; full-year $1.1B (in-line with outlook).
Plans to place Chengdu site in care & maintenance by mid-2025; cuts 2025 capex to $700-800M (down >50% YoY).
Cash from ops $702M; targeting breakeven free cash flow in 2025 under current lithium price scenarios.

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