Albemarle (ALB) PT Lowered to $88 at Buckingham Research

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Albemarle Corporation Expects Lithium Volume Shift from Q1; Reaffirms Full Year Guidance

March 28, 2019 4:15 PM EDT

CHARLOTTE, N.C., March 28, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its Lithium segment expects a shift of approximately 3,000 3,500 metric tons on an LCE basis in volume from Q1 2019 to subsequent quarters in 2019. This volume shift will impact Q1 by approximately $40MM - $45MM in revenue and $15MM - $18MM in EBITDA.  The company expects... More