Albemarle

Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allow us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at albemarle.com and on Twitter @AlbemarleCorp.

Albemarle (NYSE:ALB) Q2 Adjusted Earnings, Sales Climb; Full-Year Guidance Raised

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Albemarle (NYSE:ALB) reported Q2 adjusted diluted earnings  of $7.33, up from $3.45 a year earlier. Analysts surveyed by Capital IQ expected $4.52. Sales for the quarter ended June 30 were $2.37 billion, up from $1.48 billion a year earlier. Analysts surveyed by Capital IQ expected $2.39 billion. The company said it expects full-year 2023 adjusted diluted earnings of $25.00 to $29.50, up from the previous outlook of $20.75 to $25.75. Analysts surveyed by Capital IQ expect $23.17. The company expects sales for the year of $10.4 billion to $11.5 billion, up from the previous outlook of $9.8 billion to $11.5 billion. Analysts surveyed by Capital IQ expect $10.05 billion.

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