$ALB (Albemarle Corporation)

$ALB {{ '2016-04-12T12:12:26+0000' | timeago}} • Announcement

Specialty chemical company $ALB said its SVP and CFO Scott Tozier has returned to the company following a temporary medical leave of absence. Scott has started resuming management responsibility for the company's Finance and Shared Services functions.

$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.

$ALB {{ '2017-02-28T17:48:33+0000' | timeago}} • Webcast

In 4Q16, $ALB’s Lithium and Advanced Materials segment net sales of $278MM increased by 30% compared to 4Q15. Bromine Specialties sales of $195MM were up 13% compared to 4Q15. Refining Solutions reported net sales of $193MM, a decrease of 4% from last year.

$ALB {{ '2017-02-27T23:19:03+0000' | timeago}} • Announcement

In 2017, $ALB expects net sales to range between $2.8-2.95Bil, with adjusted EBITDA between $800-840MM, and adjusted diluted EPS between $4.00-4.25.

$ALB {{ '2017-02-27T23:14:49+0000' | timeago}} • Announcement

$ALB reported an increase in 4Q16 earnings. Net income was $602MM or $5.30 per share compared to $174MM or $1.55 per share in 4Q15. Net sales declined to $696.7MM compared to $722MM last year.

$ALB {{ '2017-02-24T13:45:23+0000' | timeago}} • Announcement

$ALB's BoD declared a quarterly dividend of $0.32 per share, an increase of 5% over the previous dividend of $0.305. The dividend, which has a new annualized rate of $1.28, is payable on April 3, 2017, to shareholders of record at the close of business as of March 15, 2017.

$ALB {{ '2017-02-23T20:16:58+0000' | timeago}} • Announcement

$ALB and Tianqi Lithium Corp. entered into a deed of termination, pursuant to which Tianqi's exercise of an option to buy a 20% indirect ownership interest in Rockwood Lithium GmbH and its subsidiaries has been terminated. The option agreement has been terminated and the exercise of the option by Tianqi will cease to have any legal effect.

$ALB {{ '2017-01-20T11:49:49+0000' | timeago}} • Announcement

$ALB priced its tender offers to buy for cash up to maximum repurchase amount of its 1.875% senior notes due 2021 and 4.15% senior notes due 2024. The maximum tender offers will expire on Feb. 1, 2017, unless extended or earlier terminated.

$ALB {{ '2017-01-11T13:18:05+0000' | timeago}} • Announcement

$ALB intends to redeem all of its outstanding 3% senior notes due 2019 on Feb. 10, 2017. The notes will be repaid with the net proceeds from the company's previously completed sale of its Chemetall Surface Treatment segment.

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