UBS Raises Price Target on Albemarle (ALB) to $85 Following 3Q Report
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Albemarle board of directors elects Luke Kissam as chairman
November 7, 2016 7:47 PM ESTCHARLOTTE, N.C., Nov. 7, 2016 /PRNewswire/ --Â The board of directors of Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today its decision to elect president and chief executive officer, Luke Kissam, as chairman, effective November 7, 2016. He assumes this title in addition to his current responsibilities as president and chief executive officer. Kissam succeeds Jim Nokes, who will continue to serve on the board of directors and will act... More
Albemarle reports third quarter 2016 results and raises full year guidance
November 7, 2016 5:34 PM ESTCHARLOTTE, 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... MoreAlbemarle Corporation to host 2017 Investor Day in New York City
November 4, 2016 5:24 PM EDTCHARLOTTE, N.C., Nov. 4, 2016 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today its plans to host an Investor Day on Thursday, March 16, 2017, in New York City.
President and chief executive officer, Luke Kissam, and executive vice president and chief financial officer, Scott Tozier, will present alongside other members of Albemarle's executive... More
