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) reported first-quarter 2022 net sales of $1.13 billion, up 36% year-over-year. Net income rose to $253.4 million ($2.15 per diluted share), with adjusted EBITDA at $432 million, an 88% increase. The company revised its 2022 guidance upward, anticipating net sales growth of 60-70% and adjusted EBITDA growth of 100-140%. Significant contributions stemmed from the Lithium segment, which saw net sales of $550.3 million (+97%) and adjusted EBITDA of $308.6 million (+190%).
Albemarle Corporation (NYSE: ALB) has declared a quarterly dividend of $0.395 per share, amounting to an annualized rate of $1.58. The dividend is payable on July 1, 2022, to shareholders on record as of June 10, 2022. This decision reflects the company's commitment to returning value to shareholders while maintaining a sustainable approach to business operations.
Albemarle Corporation (NYSE: ALB) has appointed Maria Brennan as the new Chief Supply Chain Officer, effective April 29, 2022. Brennan, with extensive experience from Domtar and major companies like General Mills and PepsiCo, is expected to enhance Albemarle's supply chain efficiency. CEO Kent Masters emphasized her capability in driving improvements that will contribute to a more agile and sustainable supply chain, benefiting all stakeholders. Albemarle is known for its leadership in lithium, bromine, and catalysts, focusing on sustainable practices.
Albemarle Corporation (NYSE: ALB) has endorsed the UN Global Compact CEO Water Mandate, committing to advance water stewardship through six key areas: direct operations, supply chain management, collective action, public policy, community engagement, and transparency. The announcement includes a goal to reduce freshwater use intensity by 25% by 2030 in high-risk areas. Notable investments include $100 million in Chile for thermal evaporator technology aimed at reducing freshwater consumption by 30% per kilogram of lithium carbonate. Annual progress reports will be made via CDP disclosures.
Albemarle Corporation (NYSE: ALB) will release its first-quarter 2022 earnings after market close on May 4, 2022. A conference call to discuss the results is scheduled for May 5 at 9:00 a.m. ET, accessible via their website or by phone. Participants are encouraged to join via the webcast to avoid delays. The company is a leader in specialty chemicals, focusing on lithium, bromine, and catalysts, and aims to provide sustainable solutions across various sectors including energy and electronics.
Albemarle Corporation (NYSE: ALB) will present at the J.P. Morgan Industrials Conference on March 16, 2022, at 9:40 a.m. ET. CEO Kent Masters and CFO Scott Tozier are set to discuss the company's strategies in specialty chemicals, particularly in lithium, bromine, and catalysts. Investors can access presentation materials and a webcast via Albemarle's website after the event. The company is committed to sustainable practices, creating value-added solutions for critical industries worldwide.
Albemarle Corporation (NYSE: ALB) announced its participation in a virtual fireside chat hosted by RBC Capital Markets on March 8, 2022, at 9:20 a.m. ET. CEO Kent Masters and CFO Scott Tozier will represent the company. Presentation materials will be available on Albemarle's website during the event, with replays accessible approximately 48 hours post-event. Albemarle is a leader in specialty chemicals, specializing in lithium, bromine, and catalysts, committed to sustainable practices across various critical industries.
Albemarle Corporation (NYSE: ALB) has declared a quarterly dividend of $0.395 per share, marking the 28th consecutive year of increasing dividends. The annualized rate stands at $1.58, payable on April 1, 2022, to shareholders of record as of March 18, 2022. This consistent dividend growth underscores Albemarle's strong financial position and commitment to returning value to its shareholders.
Albemarle Corporation (NYSE: ALB) has appointed Ralf H. Cramer to its Board of Directors, effective February 21, 2022. Cramer brings over 25 years of experience in the automotive sector, having previously held significant roles at Continental AG and served as a senior consultant. His appointment is expected to enhance the Board's capabilities in finance and safety, providing valuable insights and leadership. The Board welcomes his expertise, which could positively impact Albemarle's operations and strategic direction.
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