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Last $59.05 USD
Change Today +0.31 / 0.53%
Volume 890.4K
ALB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

albemarle corp (ALB) Snapshot

Open
$58.42
Previous Close
$58.74
Day High
$59.07
Day Low
$58.14
52 Week High
07/15/14 - $76.28
52 Week Low
01/30/15 - $46.78
Market Cap
6.6B
Average Volume 10 Days
1.3M
EPS TTM
$2.89
Shares Outstanding
112.2M
EX-Date
03/12/15
P/E TM
20.4x
Dividend
$1.16
Dividend Yield
1.89%
Current Stock Chart for ALBEMARLE CORP (ALB)

albemarle corp (ALB) Related Businessweek News

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albemarle corp (ALB) Details

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company’s Performance Chemicals segment offers brominated flame retardants under the Saytex brand; mineral-based flame retardants under the Martinal and Magnifin brands; and elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and bromine fine chemicals that are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing, and various other industrial applications. This segment also provides tertiary amines for surfactants, biocides, disinfectants, and sanitizers; aluminum oxides for use in various refractory, ceramic, and polishing applications; plastic and other additives comprising curatives; and supplies fine chemistry products and performance chemicals for pharmaceutical and agricultural use, as well as offers custom manufacturing, research, and chemical scale-up services for companies. Its Catalyst Solutions Segment provides refinery catalysts, such as hydroprocessing catalysts, fluidized catalytic cracking catalysts, and additives. This segment also offers performance catalyst solutions, including organometallic co-catalysts and metallocene components and co-catalysts; single-site catalysts; Ziegler-Natta catalysts under the Advantage brand; electronic materials consisting of metal organic products and other products; and chemical catalysts used in the chemical industry. The company serves petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety, and custom chemistry service markets. Albemarle Corporation was founded in 1993 and is headquartered in Baton Rouge, Louisiana.

3,625 Employees
Last Reported Date: 03/2/15
Founded in 1993

albemarle corp (ALB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $457.6K
President of Performance Chemicals
Total Annual Compensation: $670.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $415.0K
Senior Vice President of Corporate Strategy &...
Total Annual Compensation: $361.2K
Compensation as of Fiscal Year 2014.

albemarle corp (ALB) Key Developments

Albemarle and ASOS to Collaborate on Fluid Catalytic Cracking (FCC) Catalyst Facility in the Middle East

Albemarle Corporation announced that it has entered into discussions with its Middle Eastern partner Ali & Sons Oilfield Supplies & Services Co. (ASOS) to construct a manufacturing facility for FCC catalysts and additives in Abu Dhabi, United Arab Emirates. Abu Dhabi represents the ideal site for the proposed facility because it would allow Albemarle to meet rapidly growing regional demand for refinery catalyst solutions and would provide an unmatched security of supply for existing customers in the Middle East. The facility would manufacture Albemarle's value-added AFX catalysts, which promote increased propylene yield from resid feedstocks.

Albemarle Corporation Declares Quarterly Dividend, payable on April 1, 2015

The board of directors of Albemarle Corporation declared a quarterly dividend of $0.29 per share, an increase of 5% over he previous quarterly dividend of $0.275. The dividend, which has a new annualized rate of $1.16, is payable April 1, 2015, to shareholders of record at the close of business as of March 16, 2015.

Albemarle Corporation Announces Successful Completion of Consent Solicitation for Rockwood Notes

Albemarle Corporation announced the successful completion of the previously announced consent solicitation relating to the 4.625% Senior Notes due 2020 which were issued by Rockwood Specialties Group Inc. and are guaranteed by Albemarle. On January 28, 2015 (the "Expiration Date"), the companies had received consents from holders of a majority in principal amount of the outstanding Notes to the adoption of certain proposed amendments to the indenture governing the Notes. As a result, the Company entered into the Third Supplemental Indenture to effectuate such amendments. The consent solicitation was made pursuant to the consent solicitation statement dated January 20, 2015. The companies will make a cash payment of $2.50 per $1,000 principal amount of Notes to each holder of Notes who validly delivered a consent prior to the Expiration Date.

 

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Industry Analysis

ALB

Industry Average

Valuation ALB Industry Range
Price/Earnings 23.0x
Price/Sales 1.9x
Price/Book 3.4x
Price/Cash Flow 49.7x
TEV/Sales 0.4x
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