Albemarle Corp. ALB launched its first-quarter outcomes after Wednesday’s closing bell. Here’s a take a look at the essential figures from the report.
The Information: Albemarle reported quarterly adjusted losses of 18 cents per share, which beat the expert agreement price quote of losses of 58 cents. Quarterly income of $1.08 billion missed out on the agreement price quote of $1.16 billion.
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” Our company continues to carry out in line with our outlook factors to consider, consisting of first-quarter adjusted EBITDA of $ 267 million with strong year-over-year enhancements in Specializeds and Ketjen,” stated Kent Masters, CEO of Albemarle.
” We continue to concentrate on what we can manage– taking definitive actions to decrease expenses, enhance our lithium conversion network and boost effectiveness to protect our long-lasting competitive position. While the complete financial effect of the just recently revealed tariffs and other worldwide trade actions is uncertain, we gain from our worldwide footprint and the existing exemptions for vital minerals; as an outcome, we are preserving our complete year 2025 outlook factors to consider,” Masters stated.
ALB Rate Action: According to information from Benzinga Pro, Albemarle stock was up 1.62% after-hours at $59.50 on Wednesday.
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