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.
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.
Albemarle Corporation (NYSE: ALB) will announce its first-quarter 2021 earnings on May 5, 2021, after the market closes. A conference call to discuss the results will be held on May 6 at 9:00 a.m. ET. Investors can access the call via the company’s website or by phone. The company specializes in specialty chemicals, focusing on lithium, bromine, and refining catalysts, serving critical industries like energy and transportation.
Nickel Rock Resources Inc. announced the commencement of reverse circulation drilling on its expanded 2,300-acre claim block at Silver Peak, Clayton Valley, Nevada. This area adjoins Albemarle's evaporation ponds and is near Cyprus Development's lithium clay project. The drilling is expected to continue until the end of March 2021, allowing the company to gather geological data to identify lithium-bearing clay layers. Albemarle plans to double its lithium production in Nevada by 2025, with significant investments between $30 million and $50 million in the property.