Welcome to our dedicated page for Albemarle news (Ticker: ALB), a resource for investors and traders seeking the latest updates and insights on Albemarle stock.
Albemarle Corporation (NYSE: ALB) serves as a global leader in specialty chemicals and lithium production, driving innovation in energy storage and advanced manufacturing. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the future of critical resource management.
Access authoritative reporting on ALB's integrated operations, bromine applications, and catalyst technologies. Our curated collection features official press releases, operational milestones, and market analyses—essential resources for understanding the company's role in electric vehicle supply chains and sustainable chemical solutions.
Key content categories include quarterly earnings disclosures, lithium production updates, strategic partnerships, and technological advancements. All materials maintain factual accuracy while avoiding speculative commentary, ensuring reliable information for financial decision-making.
Bookmark this page for continuous access to Albemarle's evolving business narrative. Check regularly for updates on regulatory developments, capacity expansions, and innovations in battery-grade lithium production that impact global energy transition efforts.
Albemarle Corporation (NYSE: ALB) has declared a quarterly dividend of $0.395 per share, with an annualized rate of $1.58. The dividend is payable on January 3, 2023, to shareholders of record by the close of business on December 16, 2022. This announcement underscores Albemarle's commitment to returning value to its shareholders amidst its operations in the specialty chemicals sector, particularly in lithium, bromine, and catalysts.
Albemarle Corporation (NYSE: ALB) has secured a $150 million grant from the U.S. Department of Energy (DOE) to support the construction of a lithium concentrator facility in Kings Mountain, North Carolina. This facility aims to enhance domestic battery manufacturing for electric vehicles (EVs). CEO Kent Masters emphasized the importance of this project in creating jobs and reducing greenhouse gas emissions. The facility is expected to supply up to 350,000 metric tons of spodumene concentrate annually, contributing to the production of 100,000 metric tons of battery-grade lithium.
Albemarle Corporation (NYSE: ALB) will release its third-quarter 2022 earnings on November 2, 2022, after market close. A conference call to discuss the results is scheduled for November 3, 2022, at 9:00 a.m. ET, accessible via their website. Participants are encouraged to join early, particularly those wishing to ask questions. An online replay of the call will be available for 12 months, with a phone replay available for 7 days post-call.
For more details, visit www.albemarle.com.
Albemarle Corporation (NYSE: ALB) announced a reorganization of its global business units, effective January 1, 2023, to better address customer needs and enhance operational agility. The new structure consists of two core units: Albemarle Specialties, which will encompass the Bromine and Lithium Specialties businesses, and Albemarle Energy Storage, covering various lithium-related sectors. CEO Kent Masters emphasized the importance of these changes for driving growth and innovation. Financial reporting will transition to include energy storage, specialties, and catalysts.
Albemarle Corporation (NYSE: ALB) announced it will retain its Catalysts business as a separate subsidiary following a strategic review. This new structure aims to enhance responsiveness to customer demands and market dynamics, thereby supporting growth ambitions. The Catalysts business will focus on new strategies in regions like India and Southeast Asia, including renewable diesel and bio-oil technologies. The transition to the new structure is anticipated to be completed in 18 months, with current leadership remaining in place.
Albemarle Corporation (NYSE: ALB) reported strong Q2 2022 results, with net sales reaching $1.48 billion, a 91% increase year-over-year. Net income was $406.8 million, reflecting a decline of 4.2% compared to the prior year. Adjusted EBITDA surged to $610 million, marking a remarkable 214% increase. The company announced plans for a new lithium conversion plant in the U.S. and upwardly revised its 2022 guidance, expecting net sales between $7.1 to $7.5 billion. Despite inflationary pressures, Albemarle anticipates remaining free cash flow positive.
Albemarle Corporation (NYSE: ALB) has declared a quarterly dividend of $0.395 per share, translating to an annualized rate of $1.58. This dividend is payable on October 3, 2022, to shareholders of record by the close of business on September 16, 2022. Albemarle is a global leader in specialty chemicals, primarily focusing on lithium, bromine, and catalysts, committed to sustainable practices across various critical industries.
Albemarle Corporation (NYSE: ALB) will release its second-quarter 2022 earnings on August 3, 2022, after NYSE trading ends. A conference call to discuss these results is scheduled for August 4 at 9:00 a.m. ET. This event will be accessible via webcast on the company’s investor relations website. An online replay will be available for 12 months, and a telephone replay for 7 days following the call. Albemarle, a leader in specialty chemicals with strong positions in lithium, bromine, and catalysts, emphasizes a sustainable approach in its operations.
Albemarle Corporation (NYSE: ALB), a leader in specialty chemicals, announced that Eric Norris, president of Lithium, will join a virtual panel at the Loop Capital Markets 2022 Investor Conference on June 1, 2022, at 12:00 pm ET. A webcast replay will be available post-event on Albemarle's website. The company focuses on lithium, bromine, and catalysts, emphasizing sustainable practices across critical industries like energy and transportation.
FAQ
What is the current stock price of Albemarle (ALB)?
What is the market cap of Albemarle (ALB)?
