Albemarle (ALB) Tops Q3 EPS by 1c; Trims FY15 Outlook
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Albemarle reports third quarter 2015 results
November 4, 2015 5:39 PM ESTBATON ROUGE, La., Nov. 4, 2015 /PRNewswire/ --
Third quarter 2015 highlights:
Adjusted earnings of $0.90 per share. Three core business units grew adjusted EBITDA by 8% versus prior year, and achieved adjusted EBITDA margins of 31%, excluding unfavorable currency exchange impacts. Actions to date will result in approximately $60 million in 2015 acquisition synergies, exceeding previous expectations. Full year EPS guidance at $3.65 to $3.80; within prior guidance range. In October, refinanced $1.25 billion of 4.625% senior notes assumed from Rockwood at lower rate.Â
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