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Albemarle Corporation

(ALB)

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128.10 USD +2.80

Closed: 03 May, 3:55 pm

Symbol	ALB
Market Cap	15B
Price	128.10
Open	128.10
52-wk High	247.44
50 Day Avg	122.84
Earnings Announcement	2024-07-31
Website	https://www.albemarle.com

Name	Albemarle Corporation
Shares Outstanding	117,525,000
Change %	2.2346%
Low	127.38
52-wk Low	106.69
200 Day Avg	145.11
Last Dividend	1.60

Exchange	NYSE
Volume	2,348,679
Previous Close	125.30
High	130.93
EPS	2.76
PE	46.41
Avg Volume	3,466,696
CUSIP	012653101

Albemarle Corporation Outlook

Description	Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
Currency	USD
ISIN	US0126531013

Industry	Chemicals - Specialty
Changes	2.80
CUSIP	012653101

Range	106.69 - 247.44
Beta	1.65
CIK	0000915913

03-May-2024 1:48 PM

3 Lithium Stocks With the Potential to Make You an Overnight Millionaire

Lithium stocks once captured the attention of investors globally as the demand for lithium-ion batteries soared, driven by the burgeoning electric vehicle market and renewable energy sector. A primary component in rechargeable battery production in electric cars, portable electronics and energy storage solutions, lithium is sometimes called “white gold.

02-May-2024 6:36 PM

3 Lithium Stocks That Could Make You a Fortune (if You Dare)

Lithium prices may finally be bottoming out, creating substantial opportunity for some of the world's top lithium stocks to buy. For one, Bank of America analyst Steven Byrne sees lithium prices averaging about $14,000 per metric ton, as noted by Barron's.

02-May-2024 1:19 PM

Albemarle Corporation (ALB) Q1 2024 Earnings Call Transcript

Albemarle Corporation (NYSE:ALB ) Q1 2024 Results Conference Call May 2, 2024 9:00 AM ET Company Participants Meredith Bandy - Vice President, Investor Relations and Sustainability Kent Masters - Chief Executive Officer Neal Sheorey - Chief Financial Officer Netha Johnson - President, Specialties Eric Norris - President, Energy Storage Conference Call Participants Aleksey Yefremov - KeyBanc Capital Arun Viswanathan - RBC Capital David Deckelbaum - TD Cowen Rob Hoffman - Bank of America Andres Castanos - Berenberg John Roberts - Mizuho Securities Harris Fein - Wolfe Research Matt Hettwer - Vertical Research Partners Apurva Kilambi - Scotia Capital, Inc. Michael Sison - Wells Fargo Securities Chris Perrella - UBS Colin Rusch - Oppenheimer Patrick Cunningham - Citi Operator Hello and welcome to Albemarle Corporation's Q1 2024 Earnings Call. I will now hand it over to Meredith Bandy, Vice President of Investor Relations and Sustainability.