Albemarle Q4 2019 Earnings Report
Key Takeaways
Albemarle Corporation reported an increase in net sales and adjusted diluted EPS for Q4 2019, but diluted EPS decreased. The company completed the acquisition of a 60% ownership in the Wodgina spodumene mine and formed a joint venture. They also issued notes to repay debt and fund the acquisition.
Net sales increased by ~8%, driven by volume in Lithium and Fine Chemistry Services and pricing in Bromine Specialties and Catalysts.
Diluted EPS decreased by ~30%, while adjusted diluted EPS increased by ~13%.
Adjusted EBITDA increased by ~12%.
Completed acquisition of 60% ownership in the Wodgina spodumene mine.
Albemarle
Albemarle
Albemarle Revenue by Segment
Forward Guidance
Albemarle anticipates its 2020 performance to be lower year-over-year based on expected lower results from Lithium and flat-to-slightly lower results from Bromine Specialties, partially offset by flat to slightly higher results from Catalysts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income