Key TakeawaysAlbemarle was the biggest loser on the S&P 500 in intraday trading Monday as tumbling lithium prices continue to weigh on the company's business.The world's biggest lithium producer reported an almost 40% year-over-year revenue decline and a $188 million loss in its most recent quarterly results.CEO Kent Masters has called on Western governments to act to weaken China's grip on the lithium market. Albemarle (ALB) was the worst-performing stock in the S&P 500 in intraday trading Monday as the wo ...

Just_Super 2024 is not shaping up to be a good year for Albemarle Corporation (NYSE:ALB). Year to date, shares of the company are down an astonishing 42.2%. That is woefully poor compared to the broader market. This drawdown is not random - it is very much based on the company's short-term performance. Recently, lithium prices have tanked. Even though the company has seen a nice rise in volume associated with its products, that drop in price has resulted in significant pain for the company and its inves ...

Betting on the best battery stocks could yield superb gains thanks to rapid cost reductions and market adaptation.Between 2018 and 2022, China shored up on lithium to enhance its battery production capacity, leading to massive stockpiling. This overproduction led to a major supply-demand imbalance and a major price spike over the past couple of years.However, rapid cost reductions drive market growth, particularly in new applications such as static energy storage, beyond the dominant EV sphere. With major c ...

Lithium prices are down 40% in a year -- and Albemarle stock is down more than 50%.Albemarle Corporation (ALB -9.18%) stock tumbled 10.2% through 10:20 a.m. ET Friday, and it's not hard to figure out why. Over the last two days, not one, not two, but four separate analysts have lowered price targets on the lithium miner.That's the bad news. The good news is that every single one of these analysts still thinks Albemarle stock is underpriced, and most think the stock remains a buy.What Wall Street says about ...

Albemarle Corporation (NYSE:ALB) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Meredith Bandy - VP, IR and Sustainability Jerry Kent Masters, Jr. - Chairman, President, and CEO Neal R. Sheorey - EVP and CFO Netha N. Johnson, Jr. - President, Specialties Global Business Unit Eric W. Norris - President, Energy Storage Global Business Unit Conference Call Participants Unidentified Analyst - Stephen Byrne - Bank of America Patrick Cunningham - Citigroup Vincent Andrews - Morga ...

Albemarle Corporation (ALB) logged a loss of $1.96 per share in the second quarter of 2024. In the year-ago quarter, the company had reported earnings of $5.52 per share.Adjusted earnings in the reported quarter came in at 4 cents per share, missing the Zacks Consensus Estimate of 53 cents.Revenues fell roughly 40% year over year to $1,430.4 million in the quarter. However, the metric beat the Zacks Consensus Estimate of $1,400.7 million. The top line was hurt by lower prices, partly offset by the volume gr ...

اد Q2 2024 Earnings August 1, 2024 8:00am ET Forward-Looking Statements 2 This presentation, conference call and discussions that follow contain statements concerning our expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncer ...

[Table_Title] 研究报告 Research Report 1 Aug 2024 雅宝 (ALB US) [Table_summary] 收入好于预期；成本管理稳健 Scott Darling Axel Leven scott.darling@htisec.com axel.leven@htisec.com [Table_yemei1] 热点速评 Flash Analysis 事件 我们预计，市场将对 Albemarle 2024 年第二季度的业绩持积极态度，该公司公布的调整后净收入为 430 万美元，远 低于预期的 6300 万美元净收入，原因是锂价持续走低，成本不断上涨。该公司重申了其宽泛的 2024 财年指引， EBITDA 取决于全年的锂价（15-25 美元/公斤）。由于"物流成本上升"，该公司确实下调了特种产品部门调整后的 EBITDA 预期。该公司还将其资本支出指引的下限从 16-18 亿美元上调至 17-18 亿美元，并宣布继续其"资产和成本 行动"，其中包括对优化成本和运营结构的审查。 点评 收入好于预期：Albemarle 公布 2024 年第二季度收入为 14.3 亿美元，高于预 ...

For the quarter ended June 2024, Albemarle (ALB) reported revenue of $1.43 billion, down 39.7% over the same period last year. EPS came in at $0.04, compared to $7.33 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of +2.12%. The company delivered an EPS surprise of -92.45%, with the consensus EPS estimate being $0.53.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________ FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12658 ______________________ ...