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Albemarle Corp (ALB.N)

ALB.N on New York Stock Exchange

116.01USD
19 Jan 2018
Change (% chg)

$-1.90 (-1.61%)
Prev Close
$117.91
Open
$119.02
Day's High
$119.31
Day's Low
$115.53
Volume
991,534
Avg. Vol
347,083
52-wk High
$144.99
52-wk Low
$90.36

Latest Key Developments (Source: Significant Developments)

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

Fitch says Albemarle's planned sale of Chemetall surface treatment business to BASF is neutral to ratings
Friday, 17 Jun 2016 

Fitch Ratings :Fitch says Albemarle's planned sale of its Chemetall surface treatment business to BASF is neutral to co's ratings.  Full Article

Basf says basf to acquire global surface treatment provider chemetall
Friday, 17 Jun 2016 

Basf Se says :BASF to acquire global surface treatment provider Chemetall.  Full Article

Albemarle to sell Chemetall Surface Treatment Business to BASF for $3.2 bln
Friday, 17 Jun 2016 

Albemarle Corp: Albemarle enters into definitive agreement to sell Chemetall Surface Treatment Business to BASF for $3.2 billion .Albemarle corp says BofA Merrill lynch is acting as exclusive financial advisor to albemarle for the deal.  Full Article

BRIEF-Prudential Financial Reports 7.3 Pct Passive Stake In Albemarle Corp As Of Dec 31, 2017

* PRUDENTIAL FINANCIAL,INC REPORTS A 7.3 PERCENT PASSIVE STAKE IN ALBEMARLE CORP AS OF DEC 31, 2017 - SEC FILING Source text: [http://bit.ly/2rpvEOq] Further company coverage: