Albemarle(US:ALB)2025-07-31 12:00Q2 2025 Financial Performance - Net sales reached $1.33 billion, a decrease of 7% compared to Q2 2024's $1.43 billion[13] - Net income attributable to Albemarle Corporation increased by 112% to $23 million, compared to a loss of $188 million in Q2 2024[13] - Adjusted EBITDA was $336 million, a 13% decrease from $386 million in Q2 2024[13] - Adjusted EBITDA margin was 25%, a decrease of 200 bps from 27% in Q2 2024[13] - Adjusted diluted earnings per share attributable to common shareholders was $0.11, a 175% increase from $0.04 in Q2 2024[13] Outlook and Strategy - The company maintains its FY 2025 outlook, expecting positive free cash flow assuming current lithium market pricing persists[11, 12] - The company achieved 100% run-rate against the $400 million cost and productivity improvement target[12] - The company is reducing its full-year 2025 capital expenditure outlook to $650-700 million[12] - The company expects operating cash conversion to be >80% for FY 2025[27] Market Dynamics - Global lithium demand remains strong YTD, driven by significant growth in EVs and ESS[12, 32] - Global EV demand grew by 35% Y/Y through May[34]