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Albemarle (ALB)

Albemarle Corporation, headquartered in Charlotte, N.C., is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. Albemarle Corporation actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, the company creates value-added and performance-based solutions that enable a safer and more sustainable future.

Company profile

Ticker
ALB
Exchange
CEO
Jerry Masters
Employees
Incorporated
Location
Fiscal year end
Former names
ECHEM INC
SEC CIK
Subsidiaries
ACI Cyprus, L.L.C. • Albemarle Argentina S.R.L. • Albemarle Brazil Holdings Ltda. • Albemarle Catalysts Company B.V. • Albemarle Chemical Canada Ltd. • Albemarle Chemicals (Shanghai) Co., Ltd. • Albemarle Chemicals Ltd • Albemarle Chemicals Private Limited • Albemarle Chemicals SAS • Albemarle Chemicals South Africa (Proprietary) Limited ...
IRS number
541692118

ALB stock data

Calendar

3 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 930.6M 930.6M 930.6M 930.6M 930.6M 930.6M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 48.62M (no burn)
Cash used (since last report) n/a n/a n/a n/a 70.76M n/a
Cash remaining n/a n/a n/a n/a 859.84M n/a
Runway (months of cash) n/a n/a n/a n/a 17.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Brlas Laurie Common Stock Grant Acquire A No No 0 731 0 7,631
1 Jul 22 Ralf Hans Cramer Common Stock Grant Acquire A No No 0 731 0 981
1 Jul 22 OConnell Diarmuid B. Common Stock Grant Acquire A No No 0 731 0 6,681
1 Jul 22 James J /KY Obrien Common Stock Grant Acquire A No No 0 731 0 2,813
1 Jul 22 Minor Glenda J Common Stock Grant Acquire A No No 0 731 0 4,106
83.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 839 867 -3.2%
Opened positions 95 165 -42.4%
Closed positions 123 82 +50.0%
Increased positions 313 292 +7.2%
Reduced positions 280 281 -0.4%
13F shares Current Prev Q Change
Total value 20.79B 21.75B -4.4%
Total shares 97.29M 93.72M +3.8%
Total puts 1.61M 3.07M -47.4%
Total calls 1.24M 1.71M -27.8%
Total put/call ratio 1.3 1.8 -27.2%
Largest owners Shares Value Change
Vanguard 13.66M $3.02B +0.6%
BLK Blackrock 9.92M $2.19B +8.8%
STT State Street 5.36M $1.19B +0.3%
BEN Franklin Resources 5.09M $1.13B +3.7%
Baillie Gifford & Co 4.08M $901.36M -8.4%
CFS Investment Advisory Services 3.27M $15K +21854.6%
Mirae Asset Global Investments 2.63M $582.35M -3.0%
Primecap Management 2.6M $575.4M -1.7%
Geode Capital Management 2.24M $494.63M +4.5%
BK Bank Of New York Mellon 2.21M $488.37M -5.6%
Largest transactions Shares Bought/sold Change
CFS Investment Advisory Services 3.27M +3.25M +21854.6%
TROW T. Rowe Price 1.95M +860.74K +79.4%
BLK Blackrock 9.92M +803.13K +8.8%
Norges Bank 0 -792.78K EXIT
Castleview Partners 0 -634.69K EXIT
FIFTHDELTA 520.1K +520.1K NEW
Lord, Abbett & Co. 0 -417.38K EXIT
Fred Alger Management 392.1K +392.1K NEW
Baillie Gifford & Co 4.08M -372.84K -8.4%
MS Morgan Stanley 709.38K +223.63K +46.0%

Financial report summary

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Risks
  • Our substantial international operations subject us to risks of doing business in foreign countries, which could adversely affect our business, financial condition and results of operations.
  • Our inability to secure key raw materials, or to pass through increases in costs and expenses for other raw materials and energy, on a timely basis or at all, including due to climate change, could have an adverse effect on the margins of our products and our results of operations.
  • Competition within our industry may place downward pressure on the prices and margins of our products and may adversely affect our businesses and results of operations.
  • Our research and development efforts may not succeed in addressing changes in our customers’ needs, and our competitors may develop more effective or successful products.
  • The development of non-lithium battery technologies could adversely affect us.
  • Downturns in our customers’ industries, many of which are cyclical, could adversely affect our sales and profitability.
  • Our results are subject to fluctuation because of irregularities in the demand for our HPC catalysts and certain of our agrichemicals.
  • Regulation, or the threat of regulation, of some of our products could have an adverse effect on our sales and profitability.
  • We could be subject to damages based on claims brought against us by our customers or lose customers as a result of the failure of our products to meet certain quality specifications.
  • Our business is subject to hazards common to chemical and natural resource extraction businesses, any of which could injure our employees or other persons, damage our facilities or other properties, interrupt our production and adversely affect our reputation and results of operations.
  • Our business could be adversely affected by environmental, health and safety laws and regulations.
  • We may be subject to indemnity claims and liable for other payments relating to properties or businesses we have divested.
  • We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar foreign anti-corruption laws.
  • Our inability to acquire or develop additional reserves that are economically viable could have a material adverse effect on our future profitability.
  • There is risk to the growth of lithium markets.
  • Demand and market prices for lithium will greatly affect the value of our investment in our lithium resources and our ability to develop it successfully.
  • If we are unable to retain key personnel or attract new skilled personnel, it could have an adverse effect on our business.
  • Some of our employees are unionized, represented by works councils or are employed subject to local laws that are less favorable to employers than the laws of the U.S.
  • Our joint ventures may not operate according to their business plans if our partners fail to fulfill their obligations, which may adversely affect our results of operations and may force us to dedicate additional resources to these joint ventures.
  • Our required capital expenditures can be complex, may experience delays or other difficulties, and the costs may exceed our estimates.
  • We will need a significant amount of cash to service our indebtedness and our ability to generate cash depends on many factors beyond our control.
  • Restrictive covenants in our debt instruments may adversely affect our business.
  • Changes in credit ratings issued by nationally recognized statistical rating organizations could adversely affect our cost of financing, the market price of our securities and our debt service obligations.
  • We may be subject to increased tax exposure resulting from Rockwood pre-acquisition periods.
  • Future events may impact our deferred tax asset position and U.S. deferred federal income taxes on undistributed earnings of international affiliates that are considered to be indefinitely reinvested.
  • Our business and financial results may be adversely affected by various legal and regulatory proceedings.
  • Because a significant portion of our operations is conducted through our subsidiaries and joint ventures, our ability to service our debt may be dependent on our receipt of distributions or other payments from our subsidiaries and joint ventures.
  • Although our pension plans currently meet minimum funding requirements, events could occur that would require us to make significant contributions to the plans and reduce the cash available for our business.
  • We may not be able to consummate future acquisitions or integrate acquisitions into our business, which could result in unanticipated expenses and losses.
  • We may continue to expand our business through acquisitions and we may incur additional indebtedness, including indebtedness related to acquisitions.
  • If our goodwill, intangible assets or long-lived assets become impaired, we may be required to record a significant charge to earnings.
  • Adverse conditions in the economy, and volatility and disruption of financial markets can negatively impact our customers, suppliers and other business partners and therefore have a material adverse effect on our business and results of operations.
  • Our business and operations could suffer in the event of cybersecurity breaches, information technology system failures, or network disruptions.
  • The occurrence or threat of extraordinary events, including domestic and international terrorist attacks, may disrupt our operations and decrease demand for our products.
  • The COVID-19 pandemic could have a material adverse effect on our results of operations, financial position, and cash flows.
  • Natural disasters or other unanticipated catastrophes could impact our results of operations.
  • Our insurance may not fully cover all potential exposures.
  • We may be exposed to certain regulatory and financial risks related to climate change.
Management Discussion
  • Some of the information presented in this Quarterly Report on Form 10-Q, including the documents incorporated by reference, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, which are in turn based on assumptions that we believe are reasonable based on our current knowledge of our business and operations. We have used words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “would,” “will” and variations of such words and similar expressions to identify such forward-looking statements.
  • These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. There can be no assurance that our actual results will not differ materially from the results and expectations expressed or implied in the forward-looking statements. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation, information related to:
  • •the occurrence of regulatory actions, proceedings, claims or litigation (including with respect to the U.S. Foreign Corrupt Practices Act and foreign anti-corruption laws);

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: bore, conclusion, drew, evidence, index, interruption, longer, lost, Meishan, recognition, Renegotiated, reversal, speak, swap, Talison, underway, withholding, Zhangjiagang
Removed: flat, modestly

Patents

Utility
Organolithium process under continuous flow conditions
9 Aug 22
The invention relates to methods for CC bond formation using organolithium compounds under continuous flow conditions in a micro or mesoreactor system, wherein an organic substrate is reacted with an alkyl lithium compound in the presence of a donor solvent to form a Li intermediate, which can be reacted in situ or subsequently in a second reaction step with an electrophile to form an organic secondary product, the organolithium compound RLi being used as a solution in a hydrocarbon or hydrocarbon mixture and the RLi concentration being at least 3 M, preferably at least 4 M.
Utility
Hydrotreating catalyst containing phosphorus and boron
3 May 22
A catalyst having at least one Group VIB metal component, at least one Group VIII metal component, a phosphorus component, and a boron-containing carrier component.
Utility
Highly reactive metal hydrides, process for their preparation and use
5 Apr 22
The invention relates to powdery, highly reactive alkali and alkaline earth hydride compounds, and to mixtures with elements of the third main group of the periodic table of elements (PTE) and to the preparation thereof by reacting alkali or alkaline earth metals in the presence of finely dispersed metals or compounds of the third main group of the PTE, wherein the latter have one or more hydride ligands or said hydride ligands are converted in situ, under the prevailing reaction conditions, i.e., in the presence of hydrogen gas or another H source, into hydride species, and to the use thereof for the preparation of complex hydrides and organometallic compounds.
Utility
Hydrocarbon-soluble halogen and thiolate/magnesium exchange reagents
1 Feb 22
Inventors: Paul Knochel, Dorothée Ziegler, Meike Simon
Utility
Low-viscosity solutions of alkaline-earth metal alkoxides in aprotic solvents, method for the production of same and use for the production of ziegler-natta catalysts
25 Jan 22
One or more concentrated low-viscosity solutions of alkaline earth alkoxide compounds M(OCH2R6)2-a-b(OR7)a[O(CHR8)nOR9]b in mixture with a metal alkyl compound M(R10R11) in an aprotic solvent and related methods are disclosed herein.