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Albemarle Corp (ALB.N)

ALB.N on New York Stock Exchange

101.84USD
23 May 2018
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Latest Key Developments (Source: Significant Developments)

Albemarle Says Entered Agreements Relating To An Uncollared Accelerated Share Repurchase Program
Monday, 14 May 2018 

May 14 (Reuters) - Albemarle Corp ::ALBEMARLE CORP - ON MAY 11, ENTERED AGREEMENTS RELATING TO AN UNCOLLARED ACCELERATED SHARE REPURCHASE PROGRAM - SEC FILING.ALBEMARLE - PURSUANT TO TERMS, WILL PURCHASE $250 MILLION OF ITS COMMON STOCK; TO ACQUIRE SHARES UNDER REPURCHASE PROGRAM PREVIOUSLY AUTHORIZED BY BOARD.ALBEMARLE CORP - PURCHASES WILL BE FUNDED THROUGH AVAILABLE CASH ON HAND.ALBEMARLE CORP - ASR PROGRAM IS EXPECTED TO BE COMPLETED BY END OF Q3 OF 2018.  Full Article

Albemarle lithium customers push for longer contracts - CEO
Thursday, 10 May 2018 

May 10 (Reuters) - Albemarle Corp ::ALBEMARLE CORP CONTINUES TO SEE GLOBAL LITHIUM DEMAND AT OVER 800,000 METRIC TONS IN 2025 - CEO LUKE KISSAM.ALBEMARLE LITHIUM EXPANSION PLAN NOT ABOUT MARKET SHARE GAIN, AIMED AT MEETING LONG-TERM COMMITMENT TO CUSTOMERS - CEO.ALBEMARLE LITHIUM EXPANSION PROJECTS REMAIN "ON TRACK" WITH 2018 SPENDING SEEN AT $550-$675 MILLION - CEO.ALBEMARLE CONTINUES TO SEE OVERALL 2018 LITHIUM PRICING RISING OVER 2017 BY HIGH SINGLE DIGITS ON PERCENTAGE BASIS - PRESIDENT JOHN MITCHELL.ALBEMARLE SEEING BATTERY, CATHODE CUSTOMERS PUSHING FOR LONGER SUPPLY CONTRACTS, FROM 3-5 YEARS TO 10 YEARS - PRESIDENT MITCHELL.ALBEMARLE HAS ALMOST 100 PERCENT OF 2018 LITHIUM VOLUME COMMITTED IN LONG-TERM CONTRACTS - PRESIDENT MITCHELL.ALBEMARLE CONTINUES TO SEE 2018 LITHIUM ADJUSTED EBITDA MARGIN AVERAGING +40 PERCENT - CEO.  Full Article

Albemarle Declares Force Majeure On Shortage Of Key Raw Materials In Urethane Supply Chain
Thursday, 19 Apr 2018 

April 19 (Reuters) - Albemarle Corp ::ALBEMARLE DECLARES FORCE MAJEURE DUE TO SHORTAGE OF KEY RAW MATERIALS IN URETHANE SUPPLY CHAIN.ALBEMARLE CORP - DOES NOT EXPECT FORCE MAJEURE TO AFFECT PREVIOUSLY COMMUNICATED FULL-YEAR GUIDANCE FOR COMPANY.  Full Article

Prudential Financial Reports 7.3 Pct Passive Stake In Albemarle Corp As Of Dec 31, 2017
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Albemarle Corp ::PRUDENTIAL FINANCIAL,INC REPORTS A 7.3 PERCENT PASSIVE STAKE IN ALBEMARLE CORP AS OF DEC 31, 2017 - SEC FILING.  Full Article

Albemarle Enters Into Agreement To Sell Portion Of Performance Catalysts Solutions To W. R. Grace & Co.
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - W. R. Grace & Co ::ALBEMARLE ENTERS INTO DEFINITIVE AGREEMENT TO SELL PORTION OF PERFORMANCE CATALYSTS SOLUTIONS TO W. R. GRACE & CO..ALBEMARLE - W.R. GRACE TO ASSUME LEASE & OPERATIONS AT PRODUCT DEVELOPMENT CENTER IN BATON ROUGE, OPERATIONS AT YEOSU, SOUTH KOREA SITE.ALBEMARLE - ORGANOMETALLICS AND CURATIVES PORTIONS OF PERFORMANCE CATALYSTS SOLUTIONS BUSINESS WILL REMAIN WITH CO.  Full Article

Grace To Acquire Polyolefin Catalysts Business
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - W. R. Grace & Co ::GRACE TO ACQUIRE POLYOLEFIN CATALYSTS BUSINESS.W. R. GRACE & CO - DEAL FOR $416 MILLION.W. R. GRACE & CO - EXPECTS TO FINANCE TRANSACTION WITH A COMBINATION OF DEBT AND CASH.W. R. GRACE - SIGNED AGREEMENT TO BUY POLYOLEFIN CATALYSTS BUSINESS OF ALBEMARLE.  Full Article

Albemarle posts Q3 earnings per share $1.06
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Albemarle Corp :Albemarle continues double digit growth in third quarter.Q3 adjusted earnings per share $1.08 from continuing operations.Q3 earnings per share $1.06.Q3 sales $754.9 million versus i/b/e/s view $732 million.Q3 earnings per share view $1.07 -- Thomson Reuters I/B/E/S.Lithium and advanced materials reported net sales of $343.6 million in q3 of 2017, an increase of 42.9% from q3 2016​.Bromine specialties reported net sales of $212.9 million in Q3 of 2017, an increase of 9.5% from q3 2016​.Sees 2017 net sales in range of $3.00 billion to $3.05 bln‍​.Refining solutions reported net sales of $170.3 million in q3 of 2017, a decrease of 10.6% from net sales of $190.5 million in q3 of 2016​.Sees 2017 adjusted eps (per diluted share) in range of $4.40 to $4.50‍​.In quarter, ‍hurricane harvey reduced adjusted ebitda by $11 million and adjusted diluted earnings per share by $0.07​.FY 2017 earnings per share view $4.38, revenue view $2.95 billion -- Thomson Reuters I/B/E/S.  Full Article

Albemarle CEO Luther Kissam's FY 2016 total compensation was $8.4 mln
Friday, 17 Mar 2017 

Albemarle Corp :CEO Luther Kissam's FY 2016 total compensation $8.4 million versus $5.3 million in FY 2015 - sec filing.  Full Article

Albemarle to acquire lithium salts production assets in Asia
Tuesday, 23 Aug 2016 

Albemarle Corp : Albemarle signs definitive agreement to acquire lithium salts production assets in Asia . Albemarle Corp says transaction includes manufacturing assets located in both Jiangxi and Sichuan . Says transaction is expected to close by end of Q1 of 2017 .Says collectively, Jiangli new material assets have a total lithium salts capacity of 15,000 mt/year, with ability to expand.  Full Article

Albemarle Q2 adjusted EPS $0.93 from cont ops
Wednesday, 3 Aug 2016 

Albemarle Corp : Q2 adjusted earnings per share $0.93 from continuing operations . Q2 earnings per share $0.74 from continuing operations . Q2 revenue view $857.8 million -- Thomson Reuters I/B/E/S . Q2 loss per share $2.78 including items . Albemarle exceeds second quarter 2016 expectations and raises guidance . Q2 adjusted earnings per share $1.09 including items . Q2 sales fell 6.8 percent to $669.3 million . Q2 earnings per share view $1.00 -- Thomson Reuters I/B/E/S . Non-Cash tax charge of $416.7 million related to decision to sell chemetall surface treatment business in quarter . Sees fy net sales $2.5 - $2.8 billion .Sees 2016 adjusted eps (per diluted share) of $3.35 - $3.60.  Full Article

Chile high court declines to weigh in on lithium spat at Maricunga

SANTIAGO, May 23 Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday.