The stock of Albemarle Corporation (ALB) closed the regular trading session at $ 179.07, losing 3.9% from the previous trading session. On the last check, the ALB stock declined -0.60% to $178 in the after-market. The stock price kept moving between $175.11 and $184.88. ALB declared that its executive would take part in the virtual conference. The company also filed the form 10-K/A with SEC on 2 March 2022.
Albemarle Corporation is a chemical substance-producing organization. It works in 3 segments: lithium, bromine, and catalysts. Starting in 2020, Albemarle was the biggest supplier of lithium for EV batteries. The firm has a market capitalization of $20.96 billion with 117.04 million pending shares. ALB has its base in Charlotte, North Carolina, United States of America (USA).
News
Albemarle Corporation (ALB) declared that the CEO of the company, Kent Masters, and CFO of the firm, Scott Tozier, will take part in the forthcoming virtual conference organized by the RBC Capital Market. The conference will commence on 8 March 2022.
Also, on 24 February 2022, ALB proclaimed the dividend on its shares. The company revealed the quarterly dividend to be $0.395 for each stock. Moreover, this year points to Albemarle’s 28th sequential year increasing its profit.
ALB Financials
Albemarle Corporation (ALB) published the fiscal performance for Q4 and FY21, on 16 February 2022. The key points are
- Total revenue of $894.2 million in Q4 of FY21 versus $879.1 million in Q4 of FY20. This marks an increase of 1.17%. Moreover, total revenue in 2021 expanded by 6.3% to $3.3 billion from $3.1 billion in 2020.
- ALB had a total income of $10.4 million in Q4 of FY21 compared to $102.1 million in the same period last year. Also, the firm had a net income of $199.9 million in 2021 against $446.6 million in 2020.
- Loss of $0.03 per stock in Q4 of FY21. Also, EPS of $1.06 in FY2021.