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 reports news on its role as a global producer of lithium and bromine used in mobility, energy, connectivity and health applications. Company updates commonly cover Energy Storage and Specialties performance, lithium market pricing and volumes, bromine-based solutions, operational productivity, and cash generation.
Recurring developments also include quarterly earnings releases, common stock dividends, debt tender offers and note redemptions, board and committee appointments, and portfolio actions. Recent corporate updates include the completed sale of a controlling stake in Ketjen's refining catalyst solutions business, Albemarle's retained minority interest in Ketjen, and the integration of Performance Catalyst Solutions into Albemarle's product portfolio.
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Surge Battery Minerals has finalized plans to acquire 38 mineral claims in Northern Nevada for USD$12,000 cash and 250,000 shares. This Northern Nevada Lithium Project aims to explore lithium clay deposits and is strategically located near proven lithium resources. The company noted initial promising lithium readings from sediment samples, with results reaching up to 1,980 ppm lithium. Surge plans further geological mapping and soil surveys to identify drilling targets. The acquisition aligns with broader industry momentum, notably from Albemarle's efforts to enhance domestic lithium production.
Albemarle Corporation (NYSE: ALB) will announce its second-quarter 2021 earnings on Wednesday, Aug. 4, 2021, following the NYSE market close. A conference call to discuss these results is scheduled for Thursday, Aug. 5, 2021, at 9:00 a.m. ET. Investors can access the call via webcast on Albemarle's investor relations website. The company specializes in specialty chemicals, focusing on lithium, bromine, and refining catalysts, and aims to provide sustainable solutions across key industries.
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Albemarle Corporation (NYSE: ALB) has finalized the $570 million sale of its Fine Chemistry Services business to W. R. Grace & Co.. The transaction includes $300 million in cash and $270 million in preferred equity from a W. R. Grace subsidiary. This divestiture encompasses operations in Tyrone, Pennsylvania and South Haven, Michigan. CEO Kent Masters stated that the sale unlocks significant value, enhancing resources for long-term growth strategies.
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Albemarle Corporation (NYSE: ALB) announced participation in a virtual fireside chat at the Goldman Sachs Industrials and Materials Conference on May 12, 2021, at 11:20 a.m. ET. The event will feature CEO Kent Masters and CFO Scott Tozier.
The presentation materials and webcast will be accessible via Albemarle's website, providing insights into their operations in specialty chemicals, including lithium, bromine, and refining catalysts.
Albemarle Corporation (NYSE: ALB) reported Q1 2021 net income of $95.7 million ($0.84/share), down 10.8% year-over-year, but adjusted diluted EPS rose 10% to $1.10. Net sales increased 12% to $829.3 million, driven by strong performance in Lithium and Bromine segments. Adjusted EBITDA grew 17% to $230.1 million. The company announced a definitive agreement to sell its Fine Chemistry Services business for approximately $570 million and completed a $1.5 billion equity offering to enhance financial flexibility. Full-year guidance remains unchanged, with net sales projected between $3.2 billion and $3.3 billion.
CHARLOTTE, N.C., May 4, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) declared a quarterly dividend of $0.39 per share, with an annualized rate of $1.56. This dividend is payable on July 1, 2021, to shareholders of record by June 11, 2021. Albemarle, a leader in specialty chemicals, focuses on lithium, bromine, and refining catalysts, emphasizing sustainability and performance in critical industries such as energy and transportation.
Albemarle Corporation (NYSE: ALB) has officially joined the United Nations Global Compact, a major corporate sustainability initiative. This membership aligns with Albemarle's commitment to responsible business practices in human rights, labor, environment, and anti-corruption. CEO Kent Masters stated that the principles of the Global Compact resonate with the company's core values. Albemarle plans to actively participate in projects supporting the UN's Sustainable Development Goals and will include updates on its sustainability efforts in its annual report.