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 ______________________ ...

Exhibit 99.1 Contact: Meredith Bandy 1.980.999.5168 Albemarle Reports Second Quarter 2024 Results CHARLOTTE, N.C. – July 31, 2024 - Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2024. Second-Quarter 2024 and Recent Highlights (Unless otherwise stated, all percentage changes represent year-over-year comparisons) • Net sales of $1.4 billion, as lower pricing yea ...

Actions include immediate footprint changes to its Kemerton site in Australia, as well as a full review of cost and operating structureCHARLOTTE, N.C., July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced it has launched a comprehensive review of its cost and operating structure, as well as immediate asset actions at its Kemerton lithium processing site in Australia. The company is taki ...

CHARLOTTE, N.C., July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2024.Second-Quarter 2024 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons)Net sales of $1.4 billion, as lower pricing year-over-year was partly offset by Energy Storage volume growth of 37% as new capacity addit ...

As the world accelerates its transition towards renewable energy, battery stocks remain at the forefront of this global shift. Heading into the summer of 2024, the demand for high-performance, sustainable battery solutions is more critical than ever.As per McKinsey & Company, the lithium-ion battery market is expected to grow to more than $400 billion by 2030. This demand is expected to be driven by a regulatory push towards sustainability and an uptick in consumer demand for electric vehicles.This increasi ...

Investors in Albemarle Corporation (ALB) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $65.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

Wall Street analysts expect Albemarle (ALB) to post quarterly earnings of $0.53 per share in its upcoming report, which indicates a year-over-year decline of 92.8%. Revenues are expected to be $1.4 billion, down 40.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 17% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its ea ...

The crisis is becoming an opportunity for down, but not out, EV stocks.All thanks to a resurgence of strong electric vehicle sales. As noted by Cox Automotive, “Electric vehicle sales in the U.S. grew by 11.3% year over year in the second quarter, reaching a record-high volume of 330,463 units, according to new estimates from Kelley Blue Book.” Even now, with sales only expected to accelerate, we need more EV charging stations. Unfortunately, we’re still waiting for that to happen.Even better, many of the t ...

In the latest trading session, Albemarle (ALB) closed at $93.81, marking a -1.34% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.78%. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.7%.Heading into today, shares of the specialty chemicals company had lost 4.48% over the past month, lagging the Basic Materials sector's gain of 1.42% and the S&P 500's gain of 2.14% in that time.The investment community will be paying close attention to the e ...

Investing in solid-state battery stocks can be lucrative for many investors given that there are numerous trends spearheading its developmentNew approaches to the creation of large-scale production processes and the enhancement of battery capability are the main areas of concern for companies. Advancements include the choice of materials for the solid electrolyte and the decrease of the production costs. For example, some firms are developing technologies that can leverage existing lithium-ion production fa ...