Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine Specialties, 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; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine Specialties 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, biocides, 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, crop protection, and custom chemistry services markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
IPO Year:
Exchange: NYSE
Website: albemarle.com
Date | Price Target | Rating | Analyst |
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1/14/2025 | $112.00 | Buy | Clarksons Platou |
8/5/2024 | $102.00 → $85.00 | Outperform → Neutral | Robert W. Baird |
7/31/2024 | $160.00 → $83.00 | Buy → Hold | Berenberg |
7/17/2024 | $95.00 | Buy → Hold | HSBC Securities |
7/11/2024 | $145.00 → $100.00 | Overweight → Equal Weight | Wells Fargo |
5/22/2024 | $150.00 → $135.00 | Sector Outperform → Sector Perform | Scotiabank |
4/11/2024 | $130.00 → $160.00 | Hold → Buy | Berenberg |
4/10/2024 | $137.00 → $156.00 | Neutral → Buy | BofA Securities |
3/8/2024 | $145.00 | Buy → Hold | Vertical Research |
3/1/2024 | Peer Perform | Wolfe Research |
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Ketjen Corporation, a leader in catalyst and specialty chemicals manufacturing, today announces the appointment of Henri Tausch to Chief Commercial Officer (CCO) effective June 24, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240619765799/en/Henri Tausch, Ketjen Chief Commercial Officer (Photo: Business Wire) In his role as Chief Commercial Officer, Tausch will oversee and advance the company's commercial strategy, and foster key partnerships to accelerate the company's global growth trajectory. "I am honored to join Ketjen and contribute to its continued success," said Henri Tausch "It's inspiring to see Ketjen's dedi
Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to Retire from the Board MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- International Paper ("IP") (NYSE:IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024. Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of Avient Corporation (NYSE:AVNT), a premier pr
CHARLOTTE, N.C., Aug. 2, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2023. Second-Quarter 2023 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $2.4 billion, an increase of 60%Net income of $650.0 million, or $5.52 per diluted share, an increase of 60%Adjusted diluted EPS of $7.33, an increase of 112%Adjusted EBITDA of $1.0 billion, an i
CHARLOTTE, N.C. and HOUSTON, June 7, 2023 /PRNewswire/ -- Albemarle Corporation, a global leader in providing essential elements for mobility, energy, connectivity, and health, announced the appointment of Michael J. Simmons to president of its wholly owned subsidiary, Ketjen Corporation, effective today. Simmons succeeds Raphael Crawford who will remain with the company through a transition period. "Raphael has been instrumental in the formation of Ketjen as a wholly owned subsidiary and we are grateful for his leadership role in this important transition for our people and
CHARLOTTE, N.C., Oct. 31, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a leader in the global specialty chemicals industry, announced today that Karen G. Narwold, executive vice president, chief administrative officer, general counsel, and corporate secretary, will retire from Albemarle effective April 4, 2023. Kristin M. Coleman will join the company as executive vice president, general counsel, and corporate secretary on Nov. 28, 2023. Coleman will report to J. Kent Masters, chairman and CEO. Narwold's retirement follows nearly 13 years as Albemarle's general couns
CHARLOTTE, N.C., Feb. 24, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its Board of Directors (the "Board") has appointed Ralf H. Cramer to the Board, effective February 21, 2022. Cramer will serve as a member of the Board's Audit & Finance Committee and Health, Safety & Environment Committee. "Ralf brings a wide range of experience from the automotive industry, manufacturing operations, and emerging markets to our Board of Directors," said Albemarle Chairman and CEO Kent Masters. "We welcome
Clarksons Platou initiated coverage of Albemarle with a rating of Buy and set a new price target of $112.00
Robert W. Baird downgraded Albemarle from Outperform to Neutral and set a new price target of $85.00 from $102.00 previously
Berenberg downgraded Albemarle from Buy to Hold and set a new price target of $83.00 from $160.00 previously
HSBC Securities downgraded Albemarle from Buy to Hold and set a new price target of $95.00
Wells Fargo downgraded Albemarle from Overweight to Equal Weight and set a new price target of $100.00 from $145.00 previously
Scotiabank downgraded Albemarle from Sector Outperform to Sector Perform and set a new price target of $135.00 from $150.00 previously
Berenberg upgraded Albemarle from Hold to Buy and set a new price target of $160.00 from $130.00 previously
BofA Securities upgraded Albemarle from Neutral to Buy and set a new price target of $156.00 from $137.00 previously
Vertical Research downgraded Albemarle from Buy to Hold and set a new price target of $145.00
Wolfe Research initiated coverage of Albemarle with a rating of Peer Perform
CHARLOTTE, N.C., Jan. 9, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its fourth-quarter 2024 earnings after the NYSE closes on Wednesday, February 12, 2025. The company will hold a conference call to discuss its fourth-quarter 2024 results on Thursday, February 13, at 8 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albem
CHARLOTTE, N.C., Dec. 2, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Eric Norris, chief commercial officer, will participate in a fireside chat at the Deutsche Bank Lithium & Battery Supply Chain Conference on Wednesday, Dec. 4. The fireside chat is scheduled from approximately 8 to 8:20 a.m. EST. The webcast will be accessible at the time of the event through the News and Events page on Albemarle's website at http://investors.albemarle.com. A webcast
CHARLOTTE, N.C., Nov. 6, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the third quarter ended September 30, 2024. Third-Quarter 2024 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.4 billion, with volumes in Energy Storage and Specialties up 16% and 4%, respectivelyNet loss of ($1.1) billion, or ($9.45) per diluted share attributable to common shareholders, which incl
CHARLOTTE, N.C., Oct. 28, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that its board of directors has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable Jan. 2, 2025, to shareholders of record at the close of business as of Dec. 13, 2024. About AlbemarleAlbemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energ
COQUITLAM, BC / ACCESSWIRE / October 28, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce that its reverse circulation drilling program has now been completed on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE:ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV:LCE)(OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of
Decision marks next step in comprehensive review of cost and operating structure CHARLOTTE, N.C., Oct. 7, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced the company's new operating structure to adapt to dynamic market conditions. Albemarle's operating structure will transition from two core global business units – Energy Storage and Specialties – to a fully integrated functional model designed to increase agility, deliver significant cost savings and maintain
CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its third-quarter 2024 earnings after the NYSE closes on Wednesday, November 6, 2024. The company will hold a conference call to discuss its third-quarter 2024 results on Thursday, November 7, at 8:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albe
COQUITLAM, BC / ACCESSWIRE / September 26, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce that a reverse circulation drilling program is well under way on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE:ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV:LCE) (OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine. The Company has completed the drilling of its first hole to a depth of over 870 feet, with the remaining drill
Award recognizes company's high employee satisfaction, revenue growth and sustainability CHARLOTTE, N.C., Sept. 13, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that TIME magazine has named it one of the World's Best Companies in 2024. Albemarle has also been honored for diversity and for how it performs on business issues that matter most to Americans.The list highlights companies with exceptional performance in three key categories: employee satisfaction
Actions include immediate footprint changes to its Kemerton site in Australia, as well as a full review of cost and operating structure CHARLOTTE, N.C., July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced it has launched a comprehensive review of its cost and operating structure, as well as immediate asset actions at its Kemerton lithium processing site in Australia. The company is taking these steps to proactively respond to ongoing industry headwinds, particularly in the lithium value chain, so it can preserve long-term competitiveness.
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CHARLOTTE, N.C., Jan. 9, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its fourth-quarter 2024 earnings after the NYSE closes on Wednesday, February 12, 2025. The company will hold a conference call to discuss its fourth-quarter 2024 results on Thursday, February 13, at 8 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albem
CHARLOTTE, N.C., Nov. 6, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the third quarter ended September 30, 2024. Third-Quarter 2024 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.4 billion, with volumes in Energy Storage and Specialties up 16% and 4%, respectivelyNet loss of ($1.1) billion, or ($9.45) per diluted share attributable to common shareholders, which incl
CHARLOTTE, N.C., Oct. 28, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that its board of directors has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable Jan. 2, 2025, to shareholders of record at the close of business as of Dec. 13, 2024. About AlbemarleAlbemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energ
Decision marks next step in comprehensive review of cost and operating structure CHARLOTTE, N.C., Oct. 7, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced the company's new operating structure to adapt to dynamic market conditions. Albemarle's operating structure will transition from two core global business units – Energy Storage and Specialties – to a fully integrated functional model designed to increase agility, deliver significant cost savings and maintain
CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its third-quarter 2024 earnings after the NYSE closes on Wednesday, November 6, 2024. The company will hold a conference call to discuss its third-quarter 2024 results on Thursday, November 7, at 8:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albe
Actions include immediate footprint changes to its Kemerton site in Australia, as well as a full review of cost and operating structure CHARLOTTE, N.C., July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced it has launched a comprehensive review of its cost and operating structure, as well as immediate asset actions at its Kemerton lithium processing site in Australia. The company is taking these steps to proactively respond to ongoing industry headwinds, particularly in the lithium value chain, so it can preserve long-term competitiveness.
CHARLOTTE, N.C., July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2024. Second-Quarter 2024 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.4 billion, as lower pricing year-over-year was partly offset by Energy Storage volume growth of 37% as new capacity additions rampNet loss of ($188) million, or ($1.96) per diluted share attr
CHARLOTTE, N.C., July 16, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE:ALB) announces that it has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable Oct. 1, 2024, to shareholders of record at the close of business as of Sept. 13, 2024. For 30 consecutive years, Albemarle has raised its dividend. About AlbemarleAlbemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We par
CHARLOTTE, N.C., July 1, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its second-quarter 2024 earnings after the NYSE closes on Wednesday, July 31, 2024. The company will hold a conference call to discuss its second-quarter 2024 results on Thursday, August 1, at 8:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle
CHARLOTTE, N.C., May 7, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE:ALB) announces that it has declared a quarterly dividend of $0.40 per share. The dividend, which has an annualized rate of $1.60, is payable July 1, 2024, to shareholders of record at the close of business as of June 14, 2024. About Albemarle Albemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people an
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