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Last $60.66 USD
Change Today +0.81 / 1.35%
Volume 840.6K
ALB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

albemarle corp (ALB) Snapshot

Open
$59.84
Previous Close
$59.85
Day High
$60.86
Day Low
$59.77
52 Week High
07/15/14 - $76.28
52 Week Low
01/30/15 - $46.78
Market Cap
6.8B
Average Volume 10 Days
956.5K
EPS TTM
$3.22
Shares Outstanding
112.2M
EX-Date
06/12/15
P/E TM
18.9x
Dividend
$1.16
Dividend Yield
1.84%
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 Seeks Acquisitions

Scott Tozier, Chief Financial Officer and Senior Vice President of Albemarle Corporation (NYSE:ALB) announced that market dynamics remain favorable for the company with continued opportunities for bolt-on acquisitions.

Albemarle Corporation Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015 ; Revises Earnings Guidance for the Year 2015

Albemarle Corporation announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported net sales of $884,404,000, operating profit of $36,686,000, income from continuing operations before income taxes and equity in net income of unconsolidated of $50,897,000, income from continuing operations before equity in net income of unconsolidated investments of $36,757,000, net income from continuing operations of $47,149,000 or $0.4 per basic and diluted share, net income attributable to company of $43,115,000 or $0.4 per basic and diluted share, capital expenditures of $56,741,000, adjusted EBITDA of $265,628,000 compared to the net sales of $599,843,000, operating profit of $77,923,000, income from continuing operations before income taxes and equity in net income of unconsolidated of $70,293,000, income from continuing operations before equity in net income of unconsolidated investments of $57,103,000, net income from continuing operations of $66,004,000 or $0.73 per basic and diluted share, net income attributable to company of $56,583,000 or $0.71 per basic and diluted share, capital expenditures of $23,667,000, adjusted EBITDA of $136,030,000 for the same quarter a year ago. Cash flow from operations was approximately $45.8 million for the three months ended March 31, 2015, down 69% versus the same period in 2014 primarily due to significant cash expenses in the current period related to the Rockwood acquisition. The company both raising and narrowing guidance for 2015 from Adjusted EPS of $3.15 - $3.70 to $3.65 - $4.05.

Albemarle Corporation Declares Quarterly Dividend, Payable on July 1, 2015

The board of directors of Albemarle Corporation declared a quarterly dividend of $0.29 per share. The dividend is payable on July 1, 2015, to shareholders of record at the close of business as of June 16, 2015.

 

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Industry Analysis

ALB

Industry Average

Valuation ALB Industry Range
Price/Earnings 27.5x
Price/Sales 2.4x
Price/Book 2.2x
Price/Cash Flow 56.0x
TEV/Sales 0.8x
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