Albemarle Q2 net sales up 31% to $1.74B; adjusted EBITDA up 155% to $858M; raises Specialties outlook

ALBEMARLE CORP

Net income of $480M ($3.52 diluted EPS); adjusted EPS $3.75 vs. $0.11 prior year.
Energy Storage net sales $1.28B (+78%); adjusted EBITDA $723M (+229%) on higher lithium pricing.
Specialties net sales $423.5M (+20.5%); adjusted EBITDA $117.7M (+61%) on volume and price gains.
Free cash flow $638M; operating cash flow conversion 83%.
Raising FY 2026 Specialties net sales outlook to $1.4-1.6B and adjusted EBITDA to $275-325M; capex reduced to ~$500M.

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