ALBEMARLE CORP

Albemarle reported a substantial increase in net income and EPS for Q2 2026, with net income attributable to common shareholders rising to $438.27 million from a loss in the prior year. This strong performance was supported by a 31% increase in net sales. The company also completed the divestment of its Refining Solutions business for $525.2 million and its Eurecat S.A. interest for $123 million, using proceeds to significantly reduce long-term debt by over $1.3 billion and increase its quarterly dividend.

Albemarle Corporation reported strong second-quarter 2026 results, with net sales climbing 31% to $1.7 billion and net income surging to $480 million. The growth was primarily fueled by higher pricing in Energy Storage and increased pricing and volumes in Specialties. The company also improved its full-year 2026 outlook for Specialties net sales and adjusted EBITDA, while reducing its capital expenditure forecast, reflecting disciplined cost management and robust market demand.

Albemarle Corporation announced the appointment of Eduardo De Salles Bartolomeo as an independent member of its Board of Directors, effective July 21, 2026. Mr. Bartolomeo, who previously served as CEO of Vale S.A., brings over 30 years of leadership experience in global industrial environments, particularly in mining and logistics. He will serve on the Board's Audit and Finance Committee and the Safety, Sustainability, Operations & Capital Committee.

Albemarle Corporation announced that Donald J. LaBauve Jr., the former Chief Accounting Officer, retired on June 1, 2026. Following his retirement, Neal R. Sheorey, the company's Executive Vice President and Chief Financial Officer, has been appointed as the interim Principal Accounting Officer, effective June 2, 2026. Mr. Sheorey will hold this position until the Board of Directors appoints a permanent replacement, and no new compensatory arrangements are associated with his interim role.

Albemarle Corporation held its Annual Meeting of Shareholders on May 5, 2026, where several key proposals were voted upon. Shareholders approved the 2026 Incentive Plan, elected all director nominees, and ratified PricewaterhouseCoopers LLP as the independent auditor. Additionally, shareholders approved the advisory vote on executive compensation and a shareholder proposal granting them the ability to call a special meeting. However, a proposal to amend the Articles of Incorporation to remove supermajority provisions was not approved.

Albemarle Corporation reported significantly improved financial results for Q1 2026, with net sales increasing by 32.7% to $1.43 billion and diluted EPS turning positive to $2.34 from a loss in the prior year. The company completed the divestment of its controlling interest in the Refining Solutions business for $525.2 million cash, incurring a $95.0 million loss, and also sold its Eurecat S.A. interest for $123 million, realizing a $42.3 million gain. These proceeds were largely used to repay $1.3 billion in long-term debt, resulting in a $12.6 million gain on early extinguishment. Additionally, Albemarle recorded $24.7 million in restructuring charges related to placing Kemerton Train 1 into care and maintenance.

Albemarle Corporation reported strong first-quarter 2026 results, with net sales increasing 33% year-over-year to $1.4 billion and adjusted EBITDA surging 148% to $664 million. The growth was primarily driven by higher pricing and volumes in its Energy Storage and Specialties segments, alongside ongoing cost and productivity improvements. The company also strengthened its balance sheet by paying down $1.3 billion in debt and completed divestments of Eurecat and Ketjen for $648 million in net cash proceeds. Albemarle improved its 2026 outlook for Specialties and reduced interest expense, though the overall enterprise outlook remains stable due to offsetting supply chain disruptions.

Albemarle Corporation announced that Donald J. LaBauve Jr. will retire from his position as Chief Accounting Officer, effective June 1, 2026. Mr. LaBauve has served the company for over 36 years. The company stated that his retirement is not a result of any dispute or disagreement regarding accounting practices or financial reporting.