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CHARLOTTE, N.C. - Albemarle Corporation (NYSE:ALB) reported better-than-expected first quarter earnings on Wednesday, despite lower revenue. The company’s shares rose 0.7% in after-hours trading following the release.
The global specialty chemicals company posted an adjusted loss per share of $0.18 for Q1 2025, compared to analyst expectations of a $0.50 loss. While this represents a significant decline from earnings of $0.26 per share in the same quarter last year, it exceeded Wall Street forecasts.
Revenue came in at $1.1 billion, down 21% year-over-year from $1.36 billion, and slightly below the consensus estimate of $1.18 billion. The company attributed the revenue decline primarily to lower pricing in its Energy Storage segment.
"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, Chairman and CEO of Albemarle.
The company maintained its full-year 2025 outlook, which includes ranges based on recently observed lithium market price scenarios. Albemarle expects total corporate net sales between $4.9 billion and $7.0 billion for the year, depending on lithium pricing.
Albemarle’s Energy Storage segment, which includes its lithium business, saw a 35% YoY decline in net sales to $525 million due to lower pricing. However, the company noted record production at its integrated conversion network.
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