Albemarle Q2 2020 Earnings Report
Key Takeaways
Albemarle Corporation reported a net sales of $764 million and a net income of $86 million for Q2 2020. The company's results were in line with its Q2 2020 outlook, despite a 14% decrease in net sales compared to the previous year. The company is focusing on operational discipline and investing in its Lithium business.
Net sales reached $764 million, aligning with Q2 2020 outlook.
Net income was reported at $86 million, or $0.80 per diluted share, with an adjusted diluted EPS of $0.86.
Adjusted EBITDA decreased by 29% to $185 million, in line with Q2 2020 outlook.
The company is maintaining its quarterly dividend of $0.385 per share, a 5% increase over 2019.
Albemarle
Albemarle
Albemarle Revenue by Segment
Forward Guidance
Albemarle anticipates that its third quarter 2020 performance will be lower year-over-year based on reduced global economic activity due to the global pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income