Albemarle (ALB) Tops Q1 EPS by 8c, Updates FY Guidance

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Go back to Albemarle (ALB) Tops Q1 EPS by 8c, Updates FY Guidance

Albemarle reports 10% growth in first quarter 2017 net sales

May 3, 2017 5:05 PM EDT

CHARLOTTE, 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 quarter

 

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