$ALB (Albemarle Corporation)

$ALB {{ '2016-05-11T14:22:12+0000' | timeago}} • Webcast

Deutsche Bank analyst David Begleiter questions $ALB on Fine Chemistry's contributions on the increase in guidance. CEO Luke Kissam says that FCS is not going to perform as well in 2H16 as forecasted in 1H16. The company has got headwinds that it got for SunEdison as well as lower potash pricing and volume.

$ALB {{ '2017-12-20T13:53:01+0000' | timeago}} • Announcement

$ALB is launching a new technology for the Fluid Catalytic Cracking catalyst market called Granite. The Granite technology platform is based on a novel matrix/binder system, which expands the catalyst formulation window and enables refiners to maximize profitability while achieving targeted product yields.

$ALB {{ '2017-12-15T11:54:52+0000' | timeago}} • Announcement

Global specialty chemicals industry leader $ALB said it has signed a definitive agreement to sell its polyolefin catalysts and components business to $GRA in cash for approx. $416MM. The organometallics and curatives portions of the Performance Catalysts Solutions business will remain with $ALB. The deal is expected to close during 1Q18.

$ALB {{ '2017-11-10T16:28:59+0000' | timeago}} • Infographic

$ALB Albemarle Corp. Earnings AlphaGraphic: Q3 2017 Highlights

$ALB {{ '2017-11-09T23:02:26+0000' | timeago}} • Webcast

$ALB is looking to leverage the strong demand for its products to overcome the negative impact of hurricane, and to meet its long-term growth target. The company expects to generate about 40% margin from the lithium business in the second half of 2018. Albemarle is also working on strategies to maintain a healthy working capital, going forward.

$ALB {{ '2017-11-09T21:33:48+0000' | timeago}} • Webcast

$ALB said its lithium-driven gains were partially offset by about seven cents per share due to the impact of hurricane Harley in the third quarter. The ongoing exploration project to find new lithium resources is on track to provide growth beyond 2021. The company remains active in a variety of M&A activities on lithium, to drive organic growth.

$ALB {{ '2017-11-08T22:53:45+0000' | timeago}} • Announcement

Based on the improved performance in 3Q17, $ALB has raised its FY17 sales outlook to the range of $3Bil to $3.05Bil from $2.9-$3.05Bil it had estimated earlier. The earnings guidance has been revised up to $4.40-$4.50 per share from the previous outlook between $4.20 per share and $4.40 per share. The current estimate of adj. EBITDA is $860-$875MM.

$ALB {{ '2017-11-08T22:45:38+0000' | timeago}} • Announcement

Specialty chemicals company $ALB reported a 15% annual growth in 3Q17 revenues, helped by higher sales volumes and favorable currency exchange. However, earnings per share decreased to $1.06 from $1.13 in 3Q16, when the bottomline was benefited from income from discontinued operations. In 3Q17, operations were negatively impacted by the hurricane.

$ALB {{ '2017-08-07T22:03:02+0000' | timeago}} • Infographic

$ALB Albemarle Earnings AlphaGraphic: Q2 2017 Highlights

$ALB {{ '2017-08-07T21:23:20+0000' | timeago}} • Announcement

Based on its strong performance in 1H17, $ALB confirmed its 2017 net sales outlook of $2.90-3.05Bil, adjusted EBITDA estimate of $835-875MM and adjusted EPS guidance of $4.20-4.40.

$ALB {{ '2017-08-07T21:23:03+0000' | timeago}} • Announcement

$ALB's net sales for 2Q17 increased by 10% from last year. This was driven by the favorable impact of higher sales volumes and pricing impacts of our Lithium and Advanced Materials segment, partially offset by impact of the divestiture of minerals-based flame retardants and specialty chemicals business and unfavorable currency exchange impacts.

$ALB {{ '2017-08-07T21:22:37+0000' | timeago}} • Announcement

$ALB reported a rise in 2Q17 earnings from continuing operations driven by higher volume growth in its Lithium business and an increase in revenue. Income from continuing operations rose to $113.7MM or $0.92 per share from $95.6MM or $0.74 per share last year. Sales grew 10% to $737.3MM. Adjusted EPS climbed 22% to $1.13.

$ALB {{ '2017-07-10T22:36:36+0000' | timeago}} • Announcement

$ALB declared a quarterly dividend of $0.32 per share, payable October 2, 2017, to shareholders of record as of September 15, 2017.

$ALB {{ '2017-06-26T21:26:09+0000' | timeago}} • Announcement

Specialty chemicals company $ALB has elected Laurie Brlas to its BoD, effective June 23, 2017. Brlas will also serve as a member of the board's Audit & Finance Committee and Nominating & Governance Committee. Earlier, she served as EVP and CFO of Newmont Mining Corporation.

$ALB {{ '2017-05-11T22:04:33+0000' | timeago}} • Announcement

$ALB BoD declared a quarterly dividend of $0.32 per share. The dividend is payable July 3, 2017, to shareholders of record at the close of business as of June 15, 2017.

$ALB {{ '2017-05-04T19:01:47+0000' | timeago}} • Webcast

$ALB said that its EBITDA guidance is up $35MM, which is backed by increased revenue and in turn increased working capital. Since most of the guidance increase is in 2H17, the working capital stays in its balance sheet and so $ALB expects its cash flow to be about the same, in the range of $200-300MM.

$ALB {{ '2017-05-04T18:39:32+0000' | timeago}} • Webcast

$ALB stated that it is going to look to deploy cash it has to create shareholder value, but is also looking at M&A opportunities that would de-risk/expedite its strategy. The company added that it is building out capacity on the back of long term agreements.

$ALB {{ '2017-05-03T21:44:09+0000' | timeago}} • Announcement

$ALB now sees FY17 net sales at $2.9-3.05Bil, generating an adjusted EBITDA of $835-875MM and an adjusted diluted EPS of $4.20-4.40. Lithium and Advanced Materials net sales were up 31.5% to $284.4MM in 1Q17, while Bromine Specialties net sales rose 11.5% to $219.2MM and Refining Solutions net sales were $185.4MM, up 8.7%.

$ALB {{ '2017-05-03T21:30:32+0000' | timeago}} • Announcement

1Q17 earnings of $ALB were $51.2MM or $0.45 per diluted share, down from $228.2MM or $2.02 per share a year ago, primarily due to a loss on the early extinguishment of debt of $0.34 per diluted share. The absence of the 2016 gain on the sales of businesses of $1.02 per diluted share also contributed to the slide. Net sales rose 10% to $722.1MM.

$ALB {{ '2017-03-16T12:20:49+0000' | timeago}} • Announcement

$ALB said Talison, a joint venture between $ALB and Tianqi Lithium Corp., has approved the expansion of lithium concentrate production at its Greenbushes, Australia spodumene mine. Commissioning of the expansion is expected to begin in 2Q19.

$ALB {{ '2017-02-28T17:55:13+0000' | timeago}} • Webcast

$ALB expects effective tax rate, excluding special items, to be approx. 22% in 2017. Depreciation and amortization is expected to range from $175-195MM in 2017. Adjusted free cash flow is forecasted to be $200-300MM in 2017 but reported free cash flow will be negatively impacted by some one-time expenses.

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