Albemarle Corp Files 8-K on Operations and Financials
Ticker: ALB-PA · Form: 8-K · Filed: May 1, 2024 · CIK: 915913
| Field | Detail |
|---|---|
| Company | Albemarle CORP (ALB-PA) |
| Form Type | 8-K |
| Filed Date | May 1, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, operations, filing
Related Tickers: ALB
TL;DR
ALB filed an 8-K on May 1st detailing financial condition and operations.
AI Summary
Albemarle Corporation filed an 8-K on May 1, 2024, reporting on its results of operations and financial condition, and providing financial statements and exhibits. The filing details the company's status as a Virginia-incorporated entity with its principal executive offices located in Charlotte, North Carolina.
Why It Matters
This filing provides crucial updates on Albemarle's financial performance and operational status, which are important for investors and stakeholders to assess the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine 8-K filing reporting on financial condition and operations, not indicating any immediate or significant new risks.
Key Players & Entities
- ALBEMARLE CORP (company) — Registrant
- May 1, 2024 (date) — Date of Report
- Virginia (location) — State of Incorporation
- Charlotte, North Carolina (location) — Business Address
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Albemarle Corporation's results of operations and financial condition, and to provide financial statements and exhibits.
When was this 8-K report filed?
This 8-K report was filed on May 1, 2024.
In which state is Albemarle Corporation incorporated?
Albemarle Corporation is incorporated in Virginia.
What is the business address of Albemarle Corporation?
The business address of Albemarle Corporation is 4250 Congress Street, Suite 900, Charlotte, North Carolina.
What is the IRS employer identification number for Albemarle Corporation?
The IRS employer identification number for Albemarle Corporation is 54-1692118.
Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 13 · Accepted 2024-05-01 16:26:02
Filing Documents
- alb-20240501.htm (8-K) — 29KB
- a1q24earningsreleaseex991.htm (EX-99.1) — 340KB
- alb-mainxreg4xx100.jpg (GRAPHIC) — 141KB
- 0000915913-24-000098.txt ( ) — 746KB
- alb-20240501.xsd (EX-101.SCH) — 2KB
- alb-20240501_def.xml (EX-101.DEF) — 6KB
- alb-20240501_lab.xml (EX-101.LAB) — 27KB
- alb-20240501_pre.xml (EX-101.PRE) — 17KB
- alb-20240501_htm.xml (XML) — 4KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On May 1, 2024 , Albemarle Corporation (the "Company") issued a press release reporting its results for the first quarter ended March 31, 2024. A copy of this release is being furnished as Exhibit 99.1 hereto and incorporated herein by reference. In addition, on May 2, 2024, the Company will hold a teleconference for analysts and media to discuss results for the first quarter ended March 31, 2024. 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 accordance with GAAP. In accordance
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit 99.1 Press release, dated May 1, 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: May 1, 2024 ALBEMARLE CORPORATION By: /s/ Kristin M. Coleman Kristin M. Coleman Executive Vice President, General Counsel and Corporate Secretary