Last $56.57 USD
Change Today +0.27 / 0.48%
Volume 751.1K
ALB On Other Exchanges
Symbol
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

albemarle corp (ALB) Snapshot

Open
$56.27
Previous Close
$56.30
Day High
$56.99
Day Low
$56.10
52 Week High
07/15/14 - $76.28
52 Week Low
01/30/15 - $46.78
Market Cap
6.4B
Average Volume 10 Days
1.1M
EPS TTM
$2.99
Shares Outstanding
112.5M
EX-Date
03/12/15
P/E TM
18.9x
Dividend
$1.16
Dividend Yield
1.94%
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. It provides brominated and mineral based flame retardants under the Saytex, Martinal, and Magnifin brands that are used in plastic enclosures for consumer electronics, printed circuit boards, wire and cable, electrical connectors, textiles, and foam insulation; and plastic and other additives, such as curatives, antioxidants, and stabilizers under the Ethacure and Ethanox brands. The company also offers refinery catalysts, including hydroprocessing catalysts, fluidized catalytic cracking catalysts, and additives; organometallic co-catalysts and metallocene components and co-catalysts; electronic materials, such as high purity metal organic products, as well as other products; and chemical catalysts used in the chemical industry, as well as provides single-site catalysts and Ziegler-Natta catalysts under the Advantage brand. In addition, the company provides elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and bromine fine chemicals 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, as well as tertiary amines for surfactants, biocides, disinfectants, and sanitizers; and aluminum oxides for use in various refractory, ceramic and polishing applications. Further, it supplies fine chemistry products and performance chemicals for pharmaceutical and agricultural use, as well as provides custom manufacturing, research, and chemical scale-up services for companies. The company serves petroleum refining, consumer electronics, plastics/packaging, 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.

6,900 Employees
Last Reported Date: 01/28/15
Founded in 1993

albemarle corp (ALB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Risk Officer a...
Total Annual Compensation: $443.8K
Senior Vice President and President of Cataly...
Total Annual Compensation: $106.6K
Senior Vice President, General Counsel of Cor...
Total Annual Compensation: $397.0K
Senior Vice President of Human Resources
Total Annual Compensation: $406.0K
Compensation as of Fiscal Year 2013.

albemarle corp (ALB) Key Developments

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.

Albemarle Mulls Acquisitions

Albemarle Corporation (NYSE:ALB) is looking for acquisitions. Luke Kissam, Chief Executive Officer of Albemarle Corporation said, "In closing, we currently see much uncertainty in 2015, more than typical. Our focus will be on the fundamentals of our business strategies, integration of the acquisition and deleveraging. One, seamless, effective and efficient integration of the businesses that achieve our stated synergy targets. Two, actions to accelerate growth in our core businesses, and three, generation of strong cash flow that allows us to rapidly deleverage, investing organic growth opportunities in our core businesses, return capital to shareholders via dividends and share buybacks, and where appropriate, opportunistic small bolt-on acquisitions to accelerate EBITDA growth in our core businesses."

 

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ALB

Industry Average

Valuation ALB Industry Range
Price/Earnings 22.0x
Price/Sales 1.8x
Price/Book 3.2x
Price/Cash Flow 47.5x
TEV/Sales 0.3x
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