Core Insights - Albemarle Corporation reported an adjusted loss of 18 cents per share in Q1 2025, a decline from earnings of 26 cents per share a year ago, but better than the Zacks Consensus Estimate of a loss of 62 cents [1] - Revenues decreased approximately 21% year over year to $1,076.9 million, missing the Zacks Consensus Estimate of $1,171.4 million, primarily due to lower prices in the Energy Storage segment [2] - Adjusted EBITDA for the quarter was $267 million, down from $291 million in the prior-year quarter, as a decline in net sales outweighed lower average input costs and cost reduction measures [2] Segment Performance - Sales from the Energy Storage unit fell around 35% year over year to $524.6 million, missing the consensus estimate of $589 million, attributed to reduced pricing despite flat sales volumes [3] - The Specialties segment recorded sales of $321 million, up around 2% year over year but below the consensus estimate of $330 million, with lower pricing offset by increased volumes [4] - The Ketjen unit's revenues were $231.3 million, down roughly 5% year over year and below the consensus estimate of $244 million, as higher prices were offset by reduced volumes [4] Financial Position - Albemarle ended the quarter with cash and cash equivalents of approximately $1,518.5 million, up around 27% from the prior quarter, while long-term debt was around $3,128.7 million, up about 0.3% sequentially [5] - Cash from operations was around $545 million for Q1, increasing more than fivefold from the prior-year quarter [5] Outlook - The company is implementing cost-cutting measures, optimizing its conversion network, and enhancing efficiencies to maintain its long-term competitive position [6] - Albemarle achieved roughly 90% of its $350 million cost and productivity improvement target through April and identified opportunities to reach the high end of the $300-$400 million range [6] - Capital expenditures for the full year 2025 are expected to be in the range of $700-$800 million [6] Additional Financial Projections - Depreciation and amortization expenses are projected to be between $630-$670 million for 2025, with corporate costs expected to be $70-$100 million and interest and financing expenses forecasted at $180-$210 million for the full year [7] Stock Performance - Albemarle's shares have declined by 53.3% over the past year, compared to a 25.4% decline in the Zacks Chemicals Diversified industry [8]

Core Insights - Albemarle reported $1.08 billion in revenue for Q1 2025, a year-over-year decline of 20.9% and below the Zacks Consensus Estimate of $1.17 billion, resulting in a surprise of -8.07% [1] - The company experienced an EPS of -$0.18, compared to $0.26 a year ago, with an EPS surprise of +70.97% against a consensus estimate of -$0.62 [1] Revenue Performance - Net Sales in Energy Storage were $524.57 million, down 34.5% year-over-year and below the average estimate of $588.57 million [4] - Net Sales for Ketjen were $231.30 million, a decrease of 5.1% year-over-year, compared to the estimated $243.93 million [4] - Net Sales in Specialties reached $321.01 million, showing a slight increase of 1.6% year-over-year, but below the average estimate of $329.98 million [4] EBITDA Analysis - Adjusted EBITDA for Energy Storage was $186.36 million, exceeding the average estimate of $132.93 million [4] - Adjusted EBITDA for Corporate was -$16.47 million, worse than the average estimate of -$9.39 million [4] - Adjusted EBITDA for Ketjen was $38.59 million, surpassing the average estimate of $27.55 million [4] - Adjusted EBITDA for Specialties was $58.67 million, slightly above the average estimate of $55.43 million [4] Stock Performance - Albemarle's shares have returned -17.2% over the past month, contrasting with the Zacks S&P 500 composite's -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Albemarle reported a quarterly loss of $0.18 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.62, representing an earnings surprise of 70.97% [1] - The company posted revenues of $1.08 billion for the quarter, missing the Zacks Consensus Estimate by 8.07%, and down from $1.36 billion year-over-year [2] - Albemarle's stock has declined approximately 30.9% year-to-date, compared to a 5.5% decline in the S&P 500 [3] Financial Performance - Over the last four quarters, Albemarle has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $1.24 billion, and for the current fiscal year, it is -$1.46 on revenues of $5.01 billion [7] Industry Outlook - The Chemical - Diversified industry, to which Albemarle belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Albemarle's stock may be influenced by the overall outlook of the industry [8] Future Expectations - The trend of earnings estimate revisions for Albemarle is mixed, leading to a Zacks Rank of 3 (Hold), suggesting the stock is expected to perform in line with the market [6] - Investors are encouraged to monitor changes in earnings estimates for the upcoming quarters following the recent earnings report [7]

Q1 2025 Financial Performance - Net sales were $1.1 billion, a decrease of 21% compared to Q1 2024's $1.361 billion[13, 15] - Adjusted EBITDA was $267 million, down 8.3% year-over-year from $291 million in Q1 2024[13, 15] - Specialties and Ketjen segments saw year-over-year Adjusted EBITDA gains of 30% and 76%, respectively[13, 18] - Cash from operations reached $545 million, representing a 204% operating cash flow conversion, or 73% excluding a customer prepayment[13] - The company has line of sight to breakeven free cash flow in 2025[13] 2025 Outlook and Strategy - The company maintains its FY 2025 outlook, with ranges based on lithium market price scenarios[11] - Albemarle achieved approximately 90% run-rate against the midpoint of its $350 million cost and productivity improvement target through April and identified opportunities to reach the high-end of the $300 million to $400 million range[11] - The estimated FY 2025 capital expenditure is $700 million to $800 million, a decrease of over 50% year-over-year[30] Lithium Market Dynamics - Long-term lithium demand is expected to grow approximately 2x between 2024 and 2030, driven by electric vehicles and grid storage[14] - The company anticipates a direct tariff impact of approximately $30 million to $40 million in 2025, before mitigations[21] - Expected lithium demand growth is greater than 2x from 1.2 MMT LCE in 2024 to a range of 2.5 to 3.3 MMT LCE in 2030[43, 44]

Financial Performance - Net sales for Q1 2025 were $1.1 billion, a decrease of 21% compared to $1.36 billion in Q1 2024, primarily due to lower lithium carbonate and hydroxide market pricing [150]. - Gross profit increased to $156.3 million in Q1 2025, up 301% from $38.9 million in Q1 2024, with a gross profit margin of 14.5% [151]. - Net sales decreased by 21% from $1,360,736 in Q1 2024 to $1,076,881 in Q1 2025, with Energy Storage sales down 35% and Specialties sales up 2% [165]. - Adjusted EBITDA for total segments increased by 7% from $265,156 in Q1 2024 to $283,609 in Q1 2025, with Specialties showing a 30% increase [165]. - Net income attributable to Albemarle Corporation rose significantly from $2,448 in Q1 2024 to $41,348 in Q1 2025, a change of $38,900 [160]. - Adjusted EBITDA for Q1 2025 was $58.7 million, up 30% from $45.2 million in Q1 2024, indicating an increase of $13.5 million [172]. - Adjusted EBITDA for the Corporate segment was $(16.5) million in Q1 2025, a decrease of 163% from $26.1 million in Q1 2024 [174]. Cash Flow and Liquidity - Cash flows from operations during Q1 2025 were $545.4 million, an increase of 457% from the prior year [141]. - Cash flows from operations in Q1 2025 were $545.4 million, significantly higher than $98.0 million in Q1 2024, primarily due to a $350 million prepayment from an Energy Storage customer [177]. - Cash and cash equivalents increased by $326.3 million to $1.5 billion at March 31, 2025, compared to $1.2 billion at December 31, 2024 [179]. - The Company has cash and cash equivalents totaling $1.5 billion at March 31, 2025, with $1.0 billion held by foreign subsidiaries [213]. - The non-current portion of long-term debt amounted to $3.13 billion at March 31, 2025, compared to $3.12 billion at December 31, 2024 [197]. - The Company has the ability to borrow $1.5 billion under its commercial paper program and the 2022 Credit Agreement [197]. Expenses and Cost Management - Selling, General and Administrative (SG&A) expenses decreased by $37,874, or 23%, from $161,376 in Q1 2024 to $123,502 in Q1 2025, representing 11.5% of net sales [152]. - Research and Development expenses fell by $9,433, or 40%, from $23,532 in Q1 2024 to $14,099 in Q1 2025, accounting for 1.3% of net sales [154]. - The Company expects to generate additional cost and productivity improvements of $300 million to $400 million per year through a comprehensive review of its cost and operating structure [206]. Market Outlook - The company expects Energy Storage net sales and profitability to decrease year-over-year in 2025 due to lower lithium market prices [138]. - Long-term demand for lithium is expected to grow due to advancements in lithium applications and increasing use of electric vehicles [140]. - The company anticipates flat to slightly higher sales volume in Energy Storage driven by increased production from the Meishan, China facility [138]. Capital Expenditures and Investments - Capital expenditures for Q1 2025 totaled $182.6 million, with expectations for total capital expenditures in 2025 to be between $700 million and $800 million [180]. - The Company expects capital expenditures to be between $700 million and $800 million in 2025, down from $1.7 billion in 2024, reflecting a strategy to unlock cash flow and generate long-term financial flexibility [205]. - The company recorded restructuring charges totaling $1.0 billion, with additional decommissioning costs expected to be between $20 million and $25 million for the remainder of 2025 [182]. Foreign Currency and Tax Positions - The liability related to uncertain tax positions totaled $242.6 million at March 31, 2025, down from $259.6 million at December 31, 2024 [201]. - The effective income tax rate increased to 21.0% in Q1 2025 from 2.2% in Q1 2024, influenced by changes in the geographic mix of earnings [158]. - The company has foreign currency forward contracts with an aggregate notional value of $6.5 billion and a net liability position of $5.2 million as of March 31, 2025 [240]. Grants and Acquisitions - The company was awarded a nearly $150 million grant from the U.S. Department of Energy to expand domestic manufacturing of batteries for EVs and related materials [209]. - The company completed the acquisition of a 60% interest in Wodgina and formed the MARBL Lithium Joint Venture, which was amended on October 18, 2023, reducing ownership interest to 50% [215].

Exhibit 99.1 Contact: invest@albemarle.com 1.980.299.5700 Albemarle Reports First Quarter 2025 Results CHARLOTTE, N.C. – Apr. 30, 2025 - Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the first quarter ended March 31, 2025. First-Quarter 2025 and Recent Highlights (Unless otherwise stated, all percentage changes represent year-over-year comparisons) (a) Defined as Operating Cash Flow divided by ...

Group 1 - The core investment thesis highlights a combination of strong mined lithium supply growth, a slowdown in electric vehicle (EV) sales growth in key markets, and broader market turmoil as factors contributing to the decline in Albemarle's stock price [1] Group 2 - The article indicates that Albemarle's stock price has fallen to levels not previously seen, suggesting potential undervaluation in the current market context [1]

Core Viewpoint - Albemarle Corporation (ALB) is expected to report its first-quarter 2025 results on April 30, with challenges anticipated due to soft lithium market prices and a history of missing earnings estimates [1][2]. Revenue Estimates - The Zacks Consensus Estimate for ALB's revenues for the upcoming quarter is $1,171.4 million, indicating a decline of approximately 13.9% year-over-year [5]. - The Energy Storage unit's net sales are estimated at $588.6 million, reflecting a year-over-year decline of 26.5% [5]. - The Specialties unit's net sales are projected at $330 million, suggesting a year-over-year increase of 4.4% [6]. - The Ketjen unit's net sales are expected to be $243.9 million, remaining flat year-over-year [6]. Performance Factors - ALB's cost-saving, pricing, and productivity initiatives are anticipated to positively impact margins in the first quarter [7]. - The company is focused on enhancing operating efficiency and optimizing raw material utilization, which are expected to support performance [9]. - A comprehensive review of ALB's cost and operating structure is underway, with expected annual run-rate cost savings between $300 million and $400 million [9][10]. - ALB achieved over 50% of its cost improvement target by the end of 2024, aiming for full run-rate by the end of 2025 [10]. Market Conditions - The company is likely to face challenges due to declining lithium prices, which have been affected by slowing demand for electric vehicles, inventory surplus, and increased supply [11]. - The uncertain macroeconomic environment and high interest rates are also contributing to weaker demand, which may negatively impact ALB's top line and margins in the first quarter [11]. Earnings Prediction - The current Earnings ESP for ALB is -2.99%, with a consensus estimate indicating a loss of 62 cents for the first quarter [12][13].

The upcoming report from Albemarle (ALB) is expected to reveal quarterly loss of $0.62 per share, indicating a decline of 338.5% compared to the year-ago period. Analysts forecast revenues of $1.17 billion, representing a decrease of 13.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 192.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company' ...

Financial Data and Key Metrics Changes - For Q4 2024, the company reported net sales of $1.2 billion and adjusted EBITDA of $251 million, with year-over-year EBITDA improvements across all business segments [6][11][12] - Full year 2024 adjusted EBITDA reached $1.1 billion, aligned with outlook considerations, driven by productivity and cost improvements, higher volumes, and strong contract performance [7][13] - The company generated $702 million in cash from operations with an operating cash conversion rate exceeding 60%, surpassing the target of 50% [7][28] Business Line Data and Key Metrics Changes - The Energy Storage segment saw a 26% year-over-year increase in sales volumes, exceeding initial guidance of 10% to 20% growth, attributed to successful project ramps and increased spodumene sales [7][12] - Adjusted EBITDA improved year-over-year in all three business segments, with notable contributions from higher volumes in specialties and reduced corporate costs [15][19] Market Data and Key Metrics Changes - The company provided outlook scenarios for lithium market prices, including a new $9 per kilogram scenario and updated ranges of $12 to $15 and $20 per kilogram, reflecting improved outlooks due to ongoing productivity enhancements [9][16] - Global electric vehicle registrations increased by 25% year-over-year in 2024, with significant growth in grid storage demand, which rose nearly 50% year-over-year [32][34] Company Strategy and Development Direction - The company is focusing on optimizing its conversion network, improving cost and efficiency, reducing capital expenditures, and enhancing financial flexibility [8][40] - Strategic initiatives include placing the Chengdu lithium conversion facility into care and maintenance and shifting capacity at the Qinzhou facility from hydroxide to carbonate to meet market demand [8][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving breakeven free cash flow in 2025, contingent on executing their plans effectively [10][31] - The company anticipates a modest volume-led recovery in specialties driven by strength in pharma, autos, and oilfield applications, while also expecting improvements in Ketjen results [25][32] Other Important Information - The company concluded Q4 with available liquidity of $2.8 billion, comprising $1.2 billion in cash and cash equivalents and $1.5 billion available under its revolver [26] - The company has reduced its full year 2025 CapEx outlook by an additional $100 million, now expecting to spend between $700 million and $800 million [9][20] Q&A Session Summary Question: Contract mix and renegotiation - The remaining 50% of contracts not on long-term agreements are primarily indexed to spot prices, with no significant recent renegotiations [61][62] Question: CapEx reduction and resource investments - The CapEx reduction primarily focused on conversion investments, with a shift towards high-quality, low-cost resources [63][64] Question: Market influence of Chengdu facility actions - The actions at Chengdu are not expected to significantly influence the broader market due to its relatively small capacity [67][68] Question: Tax guidance for 2025 - The wide range in tax guidance is driven by various scenarios influenced by lithium prices and tax evaluation allowances in certain jurisdictions [70][72] Question: Free cash flow breakeven in 2025 - Achieving breakeven free cash flow depends on executing the company's plans effectively, with pricing being a significant factor [75][76] Question: Lithium pricing and supply dynamics - Approximately 25% of the global lithium supply is underwater, with about half of that curtailed or shut down [84][86] Question: Energy Storage capacity under long-term contracts - About 50% of the Energy Storage capacity is under long-term contracts with floors [138][139] Question: Grid storage market outlook - The grid storage market is expected to continue growing, with a strong demand for lithium-based solutions [126][127]