Albemarle swings to quarterly profit

Cost cuts help Albemarle's results offset low lithium prices
Albemarle , the world's largest producer of lithium, swung to a quarterly profit as cost cuts helped offset low prices of the electric vehicle battery metal, but adjusted results reported on Wednesday fell short of analysts' expectations.
Albemarle swings to Q4 profit, plans more cost cuts in 2025 amid lithium price weakness
Albemarle swings to a Q4 GAAP profit as cost cuts helped offset low lithium prices, but adjusted results missed analyst expectations.
Albemarle Swings to 4Q Profit, Will Cut Costs in 2025 Amid Falling Lithium Prices
Albemarle will cut costs in 2025 as it continues to deal with the drop in lithium prices, a critical mineral in the electric-vehicle industry. Chief Executive Kent Masters said Wednesday the company is taking steps to shore up its operations,
Albemarle swings to quarterly profit as cost cuts offset lithium price drop
Albemarle, the world's largest producer of lithium, said on Wednesday it swung to a quarterly profit as cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries. The company posted a profit for the fourth quarter ended December 31 of $33.
Albemarle's Q4 Earnings and Sales Miss Estimates on Lower Pricing
Albemarle Corporation (ALB) logged earnings of 29 cents per share in the fourth quarter of 2024. In the year-ago quarter, the company had reported a loss of $5.26 per share. Barring one-time items, adjusted loss for the reported quarter came in at $1.
Albemarle projects break-even free cash flow in 2025 with reduced CAPEX and cost improvements
Q4 2024 Management View CEO Kent Masters highlighted that Albemarle achieved net sales of $1.2 billion and an adjusted EBITDA of $251 million in Q4 2024, with year-over-year EBITDA improvements across ...
Albemarle (ALB) Receives a Hold from Truist Financial
In a report released today, Pete Osterland from Truist Financial maintained a Hold rating on Albemarle (ALB – Research Report). The company’s ...
Albemarle Corp. stock outperforms competitors on strong trading day
Shares of Albemarle Corp. ALB advanced 1.19% to $76.60 Wednesday, on what proved to be an all-around grim trading session for ...
Albemarle: Stock Lines Up For A Secular Buy
Albemarle's cyclicality may attract savvy investors, and how a flat price can yield 22% annually. Click here to find out why ...
Mizuho Securities Reaffirms Their Hold Rating on Albemarle (ALB)
In a report released yesterday, John Roberts CFA from Mizuho Securities maintained a Hold rating on Albemarle (ALB – Research Report), with a ...
Albemarle Corp. stock underperforms Monday when compared to competitors
This was the stock's fourth consecutive day of losses.
The Daily Progress2d
Elderly Albemarle murder suspect will likely have case dismissed
An 84-year-old is accused of fatally beating an 89-year-old at the Charlottesville Health and Rehabilitation Center.
Albemarle: Q4 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Albemarle Corp. (ALB) on Wednesday reported fourth-quarter net income of $75.3 million, after reporting a loss in the same period a year earlier.
WFAE19h
Data from the Kings Mountain mine confirms that the rotten smell is not a threat to human health
A foul odor plagued the city of Kings Mountain this winter as cold weather unearthed a long-submerged gas. Mining company ...