Albemarle (ALB) Tops Q3 EPS by 10c, Updates FY Guidance

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Go back to Albemarle (ALB) Tops Q3 EPS by 10c, Updates FY Guidance

Albemarle reports third quarter 2016 results and raises full year guidance

November 7, 2016 5:34 PM EST

CHARLOTTE, N.C., Nov. 7, 2016 /PRNewswire/ --

Third quarter 2016 highlights:

Third quarter earnings were $128.2 million, or $1.13 per diluted share, an increase of 96% over the prior year Adjusted net income from continuing operations was $102.7 million, or $0.91 per diluted share, an increase of 20% over the prior year Third quarter adjusted EBITDA was $188.3 million, an increase of 10% over the prior year, excluding the impact of divestitures Year-to-date cash from operations was $452.4 million, an increase of 43% over the prior year Signed definitive agreement to acquire the lithium hydroxide and lithium carbonate... More