Albemarle Corp.

NYSE:ALB   11:20:58 AM EDT
246.41
+8.90 (+3.75%)
Other Pre-Announcement

Albemarle Posts Q1 EPS Of $2.15

Published: 05/04/2022 21:32 GMT
Albemarle Corp. (ALB) - Albemarle Reports First-quarter Sales Growth of 36%, Raising Guidance.
Q1 Adjusted Earnings per Share $2.38.
Q1 Earnings per Share $2.15.
Qtrly Net Sales of $1.13 Billion, an Increase of 36%.
Qtrly Guidance for 2022 Revised Upward on Increased Prices in Lithium and Bromine Businesses.
FY Net Sales Are Now Expected to Increase Approximately 60-70% Year Over Year.
FY Adjusted EBITDA Now Expected to Increase Approximately 100-140% Year Over Year.
Sees FY Net Sales $5.2 - $5.6 Billion.
Q1 Earnings per Share View $1.63, Revenue View $1.03 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Revenue View $4.40 Billion -- Refinitiv Ibes Data (analyst estimates).