albemarle corporation, headquartered in baton rouge, louisiana, is a premier specialty chemicals company with leading positions in attractive end markets around the world. with a broad customer reach and diverse end markets, albemarle develops, manufactures and markets technologically advanced and high value added products, including lithium and lithium compounds, bromine and derivatives, catalysts and surface treatment chemistries used in a wide range of applications including consumer electronics, flame retardants, metal processing, plastics, contemporary and alternative transportation vehicles, refining, pharmaceuticals, agriculture, construction and custom chemistry services. albemarle is focused on delivering differentiated, performance-based technologies that deliver innovative and sustainable solutions to its customers. the company employs approximately 6,900 people and serves customers in approximately 100 countries. albemarle regularly posts information to www.albemarle.com,
Company profile
Ticker
ALB
Exchange
Website
CEO
Jerry Masters
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
DuPont de Nemours • Eastman Chemical • Dow • Hexion • Avient • Trinseo • Hexcel • Kraton • AdvanSix • Rogers ...
Former names
ECHEM INC
SEC CIK
Corporate docs
Subsidiaries
ACI Cyprus, L.L.C. • Albemarle Amendments, LLC • Albemarle Argentina S.R.L. • Albemarle Australia Company Pty Ltd • Albemarle Australia Holding Company Pty Ltd • Albemarle Chemical Canada Ltd. • Albemarle Chemicals (Shanghai) Co., Ltd. • Albemarle Chemicals Ltd • Albemarle Chemicals SAS • Albemarle Chemicals South Africa (Proprietary) Limited ...
IRS number
541692118
ALB stock data
Latest filings (excl ownership)
CERT
Certification of approval for exchange listing
8 Mar 24
8-A12B
Registration of securities on exchange
8 Mar 24
8-K
Albemarle Announces Upsize and Pricing of Public Offering of Depositary Shares
8 Mar 24
424B2
Prospectus for primary offering
7 Mar 24
FWP
Free writing prospectus
6 Mar 24
424B5
Prospectus supplement for primary offering
4 Mar 24
POSASR
Automatic shelf registration (post-effective amendment)
4 Mar 24
10-K
2023 FY
Annual report
14 Feb 24
8-K
Albemarle Reports Fourth Quarter and Full Year 2023 Results
14 Feb 24
10-Q
2023 Q3
Quarterly report
1 Nov 23
Transcripts
ALB
Earnings call transcript
2023 Q4
15 Feb 24
ALB
Earnings call transcript
2023 Q3
2 Nov 23
ALB
Earnings call transcript
2023 Q2
3 Aug 23
ALB
Earnings call transcript
2023 Q1
4 May 23
ALB
Earnings call transcript
2022 Q4
16 Feb 23
ALB
Earnings call transcript
2022 Q3
3 Nov 22
ALB
Earnings call transcript
2022 Q2
4 Aug 22
ALB
Earnings call transcript
2022 Q1
5 May 22
ALB
Earnings call transcript
2021 Q4
17 Feb 22
ALB
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
4
John Clarence Barichivich III
1 Mar 24
4
Eric Norris
1 Mar 24
4
Netha N. Johnson
1 Mar 24
4
Jacobus G. Fourie
1 Mar 24
4
Kristin M. Coleman
28 Feb 24
4
John Clarence Barichivich III
28 Feb 24
4
J Kent Masters
28 Feb 24
4
Cynthia Renee Lima
28 Feb 24
4
Neal Ravi Sheorey
28 Feb 24
4
Melissa H. Anderson
28 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.60 bn | 1.60 bn | 1.60 bn | 1.60 bn | 1.60 bn | 1.60 bn |
Cash burn (monthly) | (no burn) | (no burn) | 46.67 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 263.05 mm | n/a | n/a | n/a |
Cash remaining | n/a | n/a | 1.34 bn | n/a | n/a | n/a |
Runway (months of cash) | n/a | n/a | 28.7 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
84.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 984 |
Opened positions | 139 |
Closed positions | 137 |
Increased positions | 417 |
Reduced positions | 294 |
13F shares | Current |
---|---|
Total value | 16.91 tn |
Total shares | 99.65 mm |
Total puts | 5.78 mm |
Total calls | 3.71 mm |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 14.00 mm | $2.38 tn |
BLK Blackrock | 10.26 mm | $1.75 tn |
STT State Street | 5.07 mm | $864.13 bn |
Capital International Investors | 4.40 mm | $748.79 bn |
BAC Bank Of America | 3.81 mm | $648.28 bn |
BEN Franklin Resources | 3.52 mm | $598.30 bn |
Capital Research Global Investors | 3.10 mm | $526.54 bn |
Geode Capital Management | 2.54 mm | $431.20 bn |
Baillie Gifford & Co | 2.44 mm | $414.76 bn |
Primecap Management | 2.23 mm | $379.35 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Feb 24 | John Clarence Barichivich III | Common Stock | Payment of exercise | Dispose F | No | No | 132.06 | 157 | 20.73 k | 6,218 |
28 Feb 24 | John Clarence Barichivich III | Common Stock | Option exercise | Acquire M | No | No | 0 | 535 | 0.00 | 6,375 |
28 Feb 24 | John Clarence Barichivich III | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 535 | 0.00 | 0 |
28 Feb 24 | Eric Norris | Common Stock | Payment of exercise | Dispose F | No | No | 132.06 | 743 | 98.12 k | 34,842 |
28 Feb 24 | Eric Norris | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,680 | 0.00 | 35,585 |
28 Feb 24 | Eric Norris | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,680 | 0.00 | 0 |
28 Feb 24 | Netha N. Johnson | Common Stock | Payment of exercise | Dispose F | No | No | 132.06 | 743 | 98.12 k | 31,420 |
28 Feb 24 | Netha N. Johnson | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,680 | 0.00 | 32,163 |
28 Feb 24 | Netha N. Johnson | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,680 | 0.00 | 0 |
28 Feb 24 | Jacobus G. Fourie | Common Stock | Payment of exercise | Dispose F | No | No | 132.06 | 406 | 53.62 k | 16,517 |
News
'White Gold' Rush Grapples With Long-Term Sustainability: Implications Of Lithium Mining
18 Mar 24
Lithium Market Signals Potential Turnaround With Pilbara Minerals' Direct Sales Move (CORRECTED)
15 Mar 24
Loop Capital Maintains Buy on Albemarle, Lowers Price Target to $162
15 Mar 24
Spotlight on Albemarle: Analyzing the Surge in Options Activity
11 Mar 24
Morgan Stanley Maintains Underweight on Albemarle, Lowers Price Target to $81
11 Mar 24
Press releases
Key Technical Report Filed for Booming EV Industry Lithium & Nickel Exploration Company with Upcoming Stock Dividend: Grid Battery Metals Inc. (Stock Symbol: EVKRF)
7 Mar 24
Grid Battery Metals Files NI 43-101 Technical Report on its Clayton Valley Lithium Project in Nevada
6 Mar 24
ALBEMARLE ANNOUNCES UPSIZE AND PRICING OF PUBLIC OFFERING OF DEPOSITARY SHARES
6 Mar 24
ALBEMARLE ANNOUNCES PROPOSED PUBLIC OFFERING OF DEPOSITARY SHARES
4 Mar 24
Global Business Reports Magazine Features Lithium & Nickel Exploration Company with Stock Dividend Spin-Out, Serving the Emerging EV Industry: Grid Battery Metals Inc. (Stock Symbol: EVKRF)
1 Mar 24