Albemarle Corp. (NYSE:ALB) released its first-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report.
The Details: Albemarle reported quarterly adjusted losses of 18 cents per share, which beat the analyst consensus estimate of losses of 58 cents. Quarterly revenue of $1.08 billion missed the consensus estimate of $1.16 billion.
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“Our business continues to perform in line with our outlook considerations, including first-quarter adjusted EBITDA of $267 million with strong year-over-year improvements in Specialties and Ketjen,” said Kent Masters, CEO of Albemarle.
“We continue to focus on what we can control — taking decisive actions to reduce costs, optimize our lithium conversion network and increase efficiencies to preserve our long-term competitive position. While the full economic impact of the recently announced tariffs and other global trade actions is unclear, we benefit from our global footprint and the current exemptions for critical minerals; as a result, we are maintaining our full year 2025 outlook considerations,” Masters said.
ALB Price Action: According to data from Benzinga Pro, Albemarle stock was up 1.62% after-hours at $59.50 on Wednesday.
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