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Albemarle
🇺🇸 NYSE:ALB
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•
Mar 31, 2024

Albemarle Q1 2024 Earnings Report

Albemarle reported first quarter results, demonstrating agility in dynamic market conditions by delivering solid volumetric growth, ramping new conversion facilities, and executing cost reduction and productivity improvements.

Key Takeaways

Albemarle's first quarter 2024 net sales reached $1.4 billion, driven by Energy Storage volume growth. Net income was $2 million, with adjusted diluted EPS at $0.26 and adjusted EBITDA at $291 million. The company is on track to deliver over $280 million in productivity benefits in 2024, with over $90 million achieved in Q1.

Net sales reached $1.4 billion, driven by Energy Storage volume growth.

Net income was $2 million, or ($0.08) per diluted share attributable to common shareholders.

Adjusted diluted EPS attributable to common shareholders was $0.26.

Adjusted EBITDA was $291 million.

Total Revenue
$1.36B
Previous year: $2.58B
-47.3%
EPS
$0.26
Previous year: $10.3
-97.5%
Adjusted EBITDA
$291M
Previous year: $1.6B
-81.7%
Gross Profit
$38.9M
Previous year: $1.28B
-96.9%
Cash and Equivalents
$2.06B
Previous year: $1.59B
+29.6%
Free Cash Flow
-$495M
Previous year: $305M
-261.9%
Total Assets
$19B
Previous year: $17.6B
+8.4%

Albemarle

Albemarle

Albemarle Revenue by Segment

Forward Guidance

The company maintains its prior full-year outlook, which is based on three lithium market price scenarios.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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