Albemarle (ALB) Plans to Cut 230 Positions

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Albemarle (ALB) Guides Q4 EPS Below Views; Cuts FY13 Outlook

December 18, 2013 6:46 AM EST

Albemarle Corp. (NYSE: ALB) announced that the company expects to report earnings for the fourth quarter of 2013 in the range of $83 million to $88 million in net income, or $1.02 to $1.07 per diluted share, excluding special items, resulting in full year earnings of $4.00 to $4.05 per diluted share. This lower guidance is due to the impact of more cautious inventory management by customers in fluid cracking catalysts, clear completion fluids and flame retardants, weaker than... More