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Albemarle Raises Guidance Twice in One Month!

publication date: Jun 9, 2022
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An overview of Albemarle Corporation’s business profile

Image Shown: An overview of Albemarle Corporation’s business profile. We include Albemarle as an idea in our ESG Newsletter portfolio. Image Source: Albemarle Corporation – May 2022 IR Presentation

When the specialty chemicals company Albemarle Corp published its first quarter 2022 earnings report May 4, the firm boosted its full-year guidance in a big way. That guidance boost was attributed to outperformance at its lithium operations and to a lesser extent, its bromine operations, which offset major inflationary headwinds facing its refining catalysts operations. In the wake of favorable contract negotiations covering sales of lithium derivatives and related products, Albemarle further boosted its full-year guidance in late May.

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