Sector: Basic Materials | Industry: Specialty Chemicals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4250 Congress Street, Suite 900 CHARLOTTE NC 28209 |
Tel: | N/A |
Website: | www.albemarle.com/Home-3.html |
IR: | See website |
Key People | ||
Jerry Kent Masters Chairman of the Board, President, Chief Executive Officer | Sean O'Hollaren Chief External Affairs Officer | Neal Sheorey Chief Financial Officer, Executive Vice President |
Raphael Crawford President - Catalysts Global Business Unit | Netha N. Johnson President - Bromine Global Business Unit | Eric W. Norris President - Lithium Global Business Unit |
Melissa H. Anderson Chief Human Resource Officer, Senior Vice President | Kristin M. Coleman Executive Vice President, General Counsel, Company Secretary | John Clarence Barichivich Chief Accounting Officer, Vice President, Corporate Controller | Maria Brennan Chief Supply Chain Officer |
Business Overview |
Albemarle Corporation is engaged in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. The Company is a global developer, manufacturer, and marketer of specialty chemicals. Its segments include Energy Storage, Specialties, and Ketjen. The Energy Storage segment develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride. Its Specialties business optimizes its portfolio of bromine and highly specialized lithium solutions. Its Specialties business serves a variety of industries, including energy, mobility, connectivity, and health. Specialty products are essential in both internal combustion and electric vehicles, from high-voltage cables and powertrains to airbags and tires. Its three main product lines in its Ketjen segment are clean fuels technologies (CFT), fluidized catalytic cracking (FCC) catalysts and additives, and performance catalyst solutions (PCS). |
Financial Overview |
For the fiscal year ended 31 December 2023, Albemarle Corporation revenues increased 31% to $9.62B. Net income decreased 42% to $1.57B. Revenues reflect Energy Storage segment increase of 52% to $7.08B, Ketjen segment increase of 17% to $1.06B, Other Foreign Countries segment increase of 35% to $8.69B, United States segment increase of 5% to $930.8M. Net income was offset by Selling. |
Employees: | 9,000 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $18,412M as of Dec 31, 2023 |
Annual revenue (TTM): | $9,617M as of Dec 31, 2023 |
EBITDA (TTM): | $881.23M as of Dec 31, 2023 |
Net annual income (TTM): | $1,573M as of Dec 31, 2023 |
Free cash flow (TTM): | -$1,011M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $3,277M as of Dec 31, 2023 |
Shares outstanding: | 117,524,680 as of Mar 12, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |