Albemarle Files 8-K on Financial Results
Ticker: ALB-PA · Form: 8-K · Filed: Feb 14, 2024 · CIK: 915913
| Field | Detail |
|---|---|
| Company | Albemarle CORP (ALB-PA) |
| Form Type | 8-K |
| Filed Date | Feb 14, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, financial-results, 8-K
Related Tickers: ALB
TL;DR
**Albemarle just dropped an 8-K on its financial results, get ready for the numbers!**
AI Summary
Albemarle Corporation (ALB) filed an 8-K on February 14, 2024, reporting on its Results of Operations and Financial Condition, along with Financial Statements and Exhibits. This filing indicates the company is disclosing its latest financial performance as of the earliest event reported date, February 14, 2024. The company's business address is 4250 Congress Street, Suite 900, Charlotte, North Carolina 28209.
Why It Matters
This filing signals that Albemarle Corporation is releasing its latest financial performance, which can significantly impact investor perception and stock valuation. Investors will scrutinize these results for insights into the company's health and future prospects.
Risk Assessment
Risk Level: medium — While a routine filing, the actual financial results reported could introduce significant market volatility depending on whether they meet or miss expectations.
Key Players & Entities
- ALBEMARLE CORPORATION (company) — Registrant
- Virginia (location) — State of incorporation
- Charlotte (location) — City of business address
- North Carolina (location) — State of business address
FAQ
What is the exact name of the Registrant as specified in the charter?
The exact name of the Registrant is ALBEMARLE CORPORATION.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is February 14, 2024.
What specific items of information are included in this 8-K filing?
This 8-K includes "Results of Operations and Financial Condition" and "Financial Statements and Exhibits."
In which state is Albemarle Corporation incorporated?
Albemarle Corporation is incorporated in Virginia.
What is the business phone number for Albemarle Corporation?
The business phone number for Albemarle Corporation is 980-299-5700.
Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 13.2 · Accepted 2024-02-14 16:20:20
Filing Documents
- alb-20240214.htm (8-K) — 27KB
- a4q23earningsreleaseex991.htm (EX-99.1) — 466KB
- alb-mainxreg4xx100.jpg (GRAPHIC) — 141KB
- 0000915913-24-000014.txt ( ) — 848KB
- alb-20240214.xsd (EX-101.SCH) — 2KB
- alb-20240214_lab.xml (EX-101.LAB) — 23KB
- alb-20240214_pre.xml (EX-101.PRE) — 12KB
- alb-20240214_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On February 14, 2024 , Albemarle Corporation (the "Company") issued a press release reporting its results for the fourth quarter ended December 31, 2023. A copy of this release is being furnished as Exhibit 99.1 hereto and incorporated herein by reference. In addition, on February 15, 2024, the Company will hold a teleconference for analysts and media to discuss results for the fourth quarter and fiscal year ended December 31, 2023. The teleconference will be webcast on the Company's website at www.albemarle.com . The press release includes presentations of adjusted net income attributable to Albemarle Corporation, adjusted diluted earnings per share, adjusted effective income tax rates, EBITDA, adjusted EBITDA, EBITDA margin and adjusted EBITDA margin. These are financial measures that are not required by, nor presented in accordance with, accounting principles generally accepted in the United States ("GAAP"), but are included to provide additional useful measurements to review our operations, provide transparency to investors and enable period-to-period comparability of financial performance. Our presentations of adjusted net income attributable to Albemarle Corporation, adjusted diluted earnings per share, EBITDA margin, adjusted EBITDA margin, EBITDA, adjusted EBITDA, adjusted effective income tax rates or other comparable measures should not be considered as alternatives to Net income attributable to Albemarle Corporation ("earnings"), diluted earnings per share and effective income tax rates as determined in accordance with GAAP. Further, EBITDA margin and adjusted EBITDA margin should not be considered as alternatives to earnings as a percentage of our consolidated net sales as would be determined in accordance with GAAP. The Company has included in the press release certain reconciliation information for these measures to their most directly comparable financial measures calculated and reported in
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit 99.1 Press release, dated February 14, 2024 issued by the Company. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 14, 2024 ALBEMARLE CORPORATION By: /s/ Kristin M. Coleman Kristin M. Coleman Executive Vice President, General Counsel and Corporate Secretary