Last $67.74 USD
Change Today +0.54 / 0.80%
Volume 448.5K
As of 8:04 PM 04/22/14 All times are local (Market data is delayed by at least 15 minutes).

albemarle corp (ALB) Snapshot

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12/10/13 - $70.00
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04/26/13 - $58.49
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albemarle corp (ALB) Details

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. It provides brominated and mineral based flame retardants under the Saytex, Martinal, and Magnifin brands that are used in plastic enclosures for consumer electronics, printed circuit boards, wire and cable, electrical connectors, textiles, and foam insulation; and plastic and other additives, such as curatives, antioxidants, and stabilizers under the Ethacure and Ethanox brands. The company also offers refinery catalysts, including hydroprocessing catalysts, fluidized catalytic cracking catalysts, and additives; organometallic co-catalysts and metallocene components and co-catalysts; electronic materials, such as high purity metal organic products, as well as other products; and chemical catalysts used in the chemical industry, as well as provides single-site catalysts and Ziegler-Natta catalysts under the Advantage brand. In addition, the company provides elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and bromine fine chemicals used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing, and various other industrial applications, as well as tertiary amines for surfactants, biocides, disinfectants, and sanitizers; and aluminum oxides for use in various refractory, ceramic and polishing applications. Further, it supplies fine chemistry products and performance chemicals for pharmaceutical and agricultural use, as well as provides custom manufacturing, research, and chemical scale-up services for companies. The company serves petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety, and custom chemistry service markets. Albemarle Corporation was founded in 1993 and is headquartered in Baton Rouge, Louisiana.

3,900 Employees
Last Reported Date: 04/16/14
Founded in 1993

albemarle corp (ALB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Risk Officer a...
Total Annual Compensation: $443.8K
Senior Vice President and President of Perfor...
Total Annual Compensation: $315.0K
Senior Vice President and President of Cataly...
Total Annual Compensation: $106.6K
Senior Vice President, General Counsel of Cor...
Total Annual Compensation: $397.0K
Compensation as of Fiscal Year 2013.

albemarle corp (ALB) Key Developments

Albemarle Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Tax Rate Guidance for the Full Year of 2014

Albemarle reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported diluted earnings per share of $0.71 per share. Net sales were $656.7 million, in line with the analyst consensus of $656.9 million. For the year-ago quarter, the company reported diluted earnings per share of $0.94 per share on net sales of $641.6 million. Net income attributable to Albemarle Corporation was $56.6 million against $84 million of prior year period. Excluding special and non-operating pension and OPEB items, first quarter 2014 earnings were $76.7 million compared to $82.7 million for the first quarter of 2013. Income before equity in net income of unconsolidated investments was $55.3 million against $79.3 million of prior year period. Operating profit amounted to $75.4 million against $115 million of prior year period. Capital expenditures amounted to $23.7 million against $55.3 million of prior year period. Diluted earnings per share, excluding special and non-operating pension and OPEB items was $0.96 against $0.93 of prior year period. Cash flow from operations was approximately $149 million for the three months ended March 31, 2014, up 51% from the same period in 2013. Cash generation was higher than expectations, driven largely by improvements in working capital, pointing once again to the strength of business portfolio. Income before income taxes and equity in net income of unconsolidated investments was $67,780,000 against $105,447,000 for the same period in the last year. EBITDA was $105,611,000 against $140,654,000 for the same period in the last year. The company provided tax rate guidance for the full year of 2014. The company expects tax rate to remain at 23.7%.

PQ Holding Reportedly Got Interest From Investors

PQ Holding Inc. owned by The Carlyle Group LP (NasdaqGS:CG) has drawn interest from several potential suitors, people with knowledge of the matter said. Clayton, Dubilier & Rice, Inc.; Kohlberg Kravis Roberts & Co. (NYSE:KKR) and The Blackstone Group L.P. (NYSE:BX) have made offers for the business, said the people, who asked not to be named because the sale process is private. Albemarle Corporation (NYSE:ALB) is interested in making a bid, one person said. PQ may fetch $3 billion to $4 billion in a sale, two of the people said. Exploring both a sale and an initial public offering of the business, known as a dual-track process, can help propel a sale by pressuring buyers to act before an IPO puts the company in the hands of public investors. Representatives for Carlyle, Blackstone, KKR and Clayton Dubilier & Rice declined to comment and Ashley Mendoza, a spokeswoman for Albemarle, didn’t return a call seeking comment by Bloomberg.

Albemarle Corporation to Report Q1, 2014 Results on Apr 16, 2014

Albemarle Corporation announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on Apr 16, 2014


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Valuation ALB Industry Range
Price/Earnings 14.3x
Price/Sales 2.0x
Price/Book 3.3x
Price/Cash Flow 13.9x
TEV/Sales 1.4x

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