Earnings ·
Albemarle reports Q3 EPS of $2.15 and raises full-year Specialties EBITDA outlook to $350-$375 million
ALBAlbemarle Corp
Albemarle reported third-quarter net income of $297 million, or $2.15 per diluted share, driven by a 19% increase in net sales to $1.6 billion as higher pricing in Energy Storage and Specialties offset volume declines. Adjusted EBITDA surged 186% year-over-year to $646 million, supported by cost productivity improvements that delivered over $150 million in run-rate savings year-to-date. The company raised its full-year Specialties adjusted EBITDA forecast to $350-$375 million and reduced capital expenditure guidance to $300-$350 million. Albemarle is a global leader in lithium and bromine products for energy storage, mobility, and industrial applications.