Albemarle (ALB) Tops Q1 EPS by 8c, Updates FY Guidance
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Albemarle reports 10% growth in first quarter 2017 net sales
May 3, 2017 5:05 PM EDTCHARLOTTE, N.C., May 3, 2017 /PRNewswire/ --
First quarter 2017 highlights:
First quarter earnings were $51.2 million, or $0.45 per diluted share First quarter adjusted EBITDA was $211.4 million, an increase of 10% over the prior year; adjusted diluted earnings per share from continuing operations of $1.05, an increase of 11% over the prior year Repaid approximately $750 million in long-term debt Initiated $250 million accelerated share repurchase program, retiring approximately 1.9 million shares in the first quarterÂ
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