Albemarle reported a sharp revenue decline of 47.7% YoY in Q4 2024 due to lower lithium prices and volumes. Despite this, cost reductions and tax benefits led to a return to profitability, with net income of $75.3M. Adjusted EPS remained negative but showed significant improvement.
Albemarle expects market conditions to remain dynamic but is focused on cost reductions and financial flexibility. Lithium pricing uncertainty will heavily impact 2025 financials.
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