Albemarle

OverviewSuggest Edit

Albemarle is a global specialty chemicals company specializing in lithium, bromine, refining catalysts, and applied surface treatments. It offers lithium and lithium derivatives; bromine specialties for fire safety, oilfield drilling, pharmaceutical manufacturing, high-tech cleaning, water treatment, and food safety; catalysts, technologies, and related services to the refining and petrochemical industries; and fine chemistry services.
TypePublic
Founded1994
HQCharlotte, USMap
Websitealbemarle.com
Employee Ratings3.6More
Overall CultureA+More
View Jobs (150)

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Latest Updates

Employees (est.) (Dec 2019)6,000(+2%)
Job Openings150
Revenue (FY, 2019)$3.6 B(+7%)
Share Price (Nov 2020)$122.5 (+4%)
Cybersecurity ratingBMore

Key People/Management at Albemarle

Kent Masters

Kent Masters

Chairman, President & Chief Executive Officer
Scott Tozier

Scott Tozier

Executive Vice President & Chief Financial Officer
DeeAnne Marlow

DeeAnne Marlow

Chief Human Resources Officer
Jac Fourie

Jac Fourie

Vice President, Engineering and Project Execution
Netha Johnson

Netha Johnson

President, Bromine Specialties
Karen Narwold

Karen Narwold

Executive Vice President, Chief Administrative Officer and General Counsel
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Albemarle Office Locations

Albemarle has offices in Charlotte, Baton Rouge, Houston, Kings Mountain and in 25 other locations
Charlotte, US (HQ)
4250 Congress St #900
Baton Rouge, US
2816 Plank Rd
Houston, US
13100 Space Center Blvd #400
Kings Mountain, US
348 Holiday Inn Dr
New Johnsonville, US
856 Foote Ln
Pasadena, US
13000 Bay Park Rd
Show all (32)

Albemarle Financials and Metrics

Albemarle Revenue

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Albemarle's revenue was reported to be $3.59 b in FY, 2019 which is a 6.4% increase from the previous period.
USD

Revenue (Q3, 2020)

746.9m

Gross profit (Q3, 2020)

254.1m

Gross profit margin (Q3, 2020), %

34%

Net income (Q3, 2020)

117.0m

EBIT (Q3, 2020)

144.4m

Market capitalization (13-Nov-2020)

12.6b

Closing stock price (13-Nov-2020)

122.5

Cash (30-Sept-2020)

702.1m

EV

15.5b
Albemarle's current market capitalization is $12.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

3.1b3.4b3.6b

Revenue growth, %

10%6%

Cost of goods sold

2.0b2.2b2.3b

Gross profit

1.1b1.2b1.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

722.1m737.3m754.9m821.6m853.9m777.7m832.1m885.1m879.7m738.8m764.0m746.9m

Cost of goods sold

467.0m465.2m479.1m516.7m542.5m497.2m548.6m559.1m569.9m496.8m530.7m492.8m

Gross profit

255.1m272.1m275.8m305.0m311.4m280.5m283.5m325.9m309.9m242.0m233.4m254.1m

Gross profit Margin, %

35%37%37%37%36%36%34%37%35%33%31%34%
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

1.1b555.3m613.1m

Accounts Receivable

534.3m605.7m612.7m

Inventories

592.8m700.5m769.0m

Current Assets

2.5b2.0b2.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.3b1.0b1.0b692.2m908.1m641.2m465.3m398.2m317.8m553.2m736.7m702.1m

Accounts Receivable

508.5m487.9m520.1m607.0m571.0m550.8m603.5m624.8m637.0m518.7m517.6m516.2m

Inventories

518.9m565.9m610.2m666.6m665.5m727.4m756.2m814.0m802.4m853.5m851.3m828.1m

Current Assets

2.4b2.2b2.3b2.2b2.3b2.1b2.0b2.0b2.0b2.2b2.3b2.2b
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

99.5m739.1m604.4m

Depreciation and Amortization

196.9m200.7m213.5m

Inventories

(101.5m)(124.1m)(46.3m)

Accounts Payable

53.4m73.7m(12.2m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

62.7m176.3m306.5m138.9m449.6m593.1m151.5m326.5m498.1m123.6m227.4m344.4m

Depreciation and Amortization

45.1m94.2m144.1m50.3m100.8m150.5m49.3m102.2m156.7m53.7m111.5m170.2m

Cash From Operating Activities

82.6m(54.5m)74.8m121.6m223.9m376.9m54.9m199.3m345.6m155.1m207.9m461.7m

Purchases of PP&E

(54.1m)(97.8m)(187.5m)(131.8m)(280.9m)(471.7m)(216.1m)(415.6m)(608.5m)(214.5m)(419.0m)(621.4m)
show all
USDQ1, 2017

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x
Show all financial metrics

Albemarle Operating Metrics

Albemarle's Customers was reported to be 2.4 k in FY, 2019.
FY, 2017FY, 2018FY, 2019

Countries

100 100 75

Customers

2.50 k2.30 k2.40 k

Facilities

31 29 29

Patents Pending

800 600 550
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Albemarle Acquisitions / Subsidiaries

Company NameDateDeal Size
Rockwood HoldingsJanuary 12, 2015$5.70 b
ACI Cyprus, L.L.C.
Albemarle Argentina SRL
Albemarle Brazil Holdings LTDA.
Albemarle Care Fund
Albemarle Catalysts Company B.V.
Albemarle Chemical Canada Ltd.
Albemarle Chemicals Ltd.
Albemarle Chemicals Private Limited
Albemarle Chemicals S.A.S.
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Albemarle Revenue Breakdown

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Albemarle revenue breakdown by business segment: 28.0% from Bromine Specialties, 37.8% from Lithium, 29.6% from Catalysts and 4.6% from Other

Albemarle revenue breakdown by geographic segment: 76.1% from Foreign and 23.9% from United States

Albemarle Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

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Albemarle Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Albemarle Online and Social Media Presence

Albemarle's Trends

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Albemarle Company Culture

  • Overall Culture

    A+

    88/100

  • CEO Rating

    A+

    95/100

  • Compensation

    A+

    84/100

  • Diversity

    A+

    86/100

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Albemarle News and Updates

November 04, 2020

Albemarle Reports Third Quarter Results

CHARLOTTE, N.C., Nov. 4, 2020 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) today announced its results for the third quarter ended September 30, 2020. Third Quarter 2020 Highlights (Unless otherwise stated, all percent changes are based on year-over-year comparisons) Net income of...
October 29, 2020

Oilfield Chemicals Market to Witness Massive Growth by 2027 | Key Players: Akzo Nobel, Albemarle Corporation, Baker Hughes, BASF

The global oilfield chemicals market is expected to reach US$ 43,685.6 Mn in 2027 from US$ 29,120.0 Mn in 2018. The market is estimated to grow with a CAGR of 4.7% from 2019-2027. Posted via Industry Today. Follow us on Twitter @IndustryToday
October 28, 2020

Will Tesla’s Recent Moves Impact Albemarle Stock?

Albemarle Corporation is a chemical company that sells lithium - a key material used in electric vehicle batteries, bromine specialties, and catalysts. While demand for the company’s products fell across the board over the first half of this year due to the impact of Covid-19, the stock has fared...
September 17, 2020

TE Connectivity, Albemarle, Amphenol: Electric Vehicle Suppliers To Watch

Demand for electric cars and trucks is expected to grow meaningfully, driven by declining costs, increasing environmental consciousness, and favorable regulation. However, picking stocks of electric vehicle companies looks tricky at the moment. While pure-play EV stocks such as Tesla have rallied...
August 18, 2020

Albemarle Corporation to Attend RBC Capital Markets Virtual Conference in September

CHARLOTTE, N.C., Aug. 18, 2020 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today the company plans to attend the RBC Capital Markets Global Industrials virtual conference and fireside chat on Tuesday, Sept. 15, 2020....
March 27, 2020

Water & Wastewater Treatment Chemicals Industry, Forecast to 2029 - Featuring AkzoNobel, Albemarle, Chembond Chemicals, Ecolab, K+ S AG Water Industries, Kemira OYJ, and More

DUBLIN, March 27, 2020 /PRNewswire/ -- The "Global Water and Wastewater Treatment Chemicals Market: Focus on Type and End Users (Municipal, Power Generation, Oil & Gas, Paper & Pulp, Mining, Food & Beverage, Chemicals, and Others) - Analysis and Forecast, 2019-2029" report has been added…
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Albemarle Blogs

October 02, 2018

Albemarle Corporation to release third quarter 2018 earnings results on Wednesday, Nov. 7, 2018

Albemarle Corporation to release third quarter 2018 earnings results on Wednesday, Nov. 7, 2018 Content Import Tue, 10/02/2018 - 16:17 Albemarle Corporation to release third quarter 2018 earnings results on Wednesday, Nov. 7, 2018 October 2, 2018 This release…
August 09, 2018

Albemarle Corporation to Attend 2018 Seaport Global Chemicals & Basic Materials Conference

Albemarle Corporation to Attend 2018 Seaport Global Chemicals & Basic Materials Conference Content Import Thu, 08/09/2018 - 16:17 Albemarle Corporation to Attend 2018 Seaport Global Chemicals & Basic Materials Conference August 9, 2018 This release is…
July 25, 2018

Albemarle Announces Leadership Changes for Corporate Strategy and Investor Relations and Treasury

Albemarle Announces Leadership Changes for Corporate Strategy and Investor Relations and Treasury Content Import Wed, 07/25/2018 - 16:18 Albemarle Announces Leadership Changes for Corporate Strategy and Investor Relations and Treasury July 25, 2018 This relea…

 Albemarle Frequently Asked Questions

  • When was Albemarle founded?

    Albemarle was founded in 1994.

  • Who are Albemarle key executives?

    Albemarle's key executives are Kent Masters, Scott Tozier and DeeAnne Marlow.

  • How many employees does Albemarle have?

    Albemarle has 6,000 employees.

  • What is Albemarle revenue?

    Latest Albemarle annual revenue is $3.6 b.

  • What is Albemarle revenue per employee?

    Latest Albemarle revenue per employee is $598.2 k.

  • Who are Albemarle competitors?

    Competitors of Albemarle include Huntsman Corporation, W.R. Grace & Co. and Sigma-Aldrich.

  • Where is Albemarle headquarters?

    Albemarle headquarters is located at 4250 Congress St #900, Charlotte.

  • Where are Albemarle offices?

    Albemarle has offices in Charlotte, Baton Rouge, Houston, Kings Mountain and in 25 other locations.

  • How many offices does Albemarle have?

    Albemarle has 32 offices.