NYSE$ALB

Albemarle Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Albemarle reported a net loss but adjusted EPS exceeded expectations, driven by strong performance in Lithium and Bromine businesses.

Albemarle Corporation reported Q4 2021 results with net sales increasing by 2% to $894 million. The company experienced a net loss of $3.8 million, but adjusted EBITDA increased by 3% to $229 million. The company is raising its 2022 outlook based on favorable market conditions.

  • Net sales increased by 2% to $894 million.
  • Net loss was ($3.8) million, or ($0.03) per diluted share; Adjusted diluted EPS was $1.01.
  • Adjusted EBITDA increased by 3% to $229 million.
  • Full year 2022 outlook improved, expecting adjusted EBITDA to be 35%-55% higher Y/Y excluding FCS.

Headline financials

Total Revenue

$894M

Previous: $879M+1.7%
EPS (adj)

$1.01

Previous: $1.17-13.7%
Adjusted EBITDA

$229M

Previous: $221M+3.5%
Capital Expenditures

$301M

Previous: $229M+31.3%
Free Cash Flow

-$447M

Previous: $108M-513.8%
Net Income

-$3.8M

Previous: $84.6M-104.5%
Operating Income

-$31.3M

Previous: $125M-125.0%
Gross Profit

$237M

Previous: $265M-10.9%
Cash & Equivalents

$439M

Previous: $747M-41.2%
Total Assets

$11B

Previous: $10.5B+5.0%
Stock-Based Comp

$5.45M

Previous: $6.97M-21.8%

Revenue & EPS history

Albemarle · Revenue · Quarterly

$894M

Q4 2021+1.7%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Albemarle · $2.31B total across 3 segments · Q3 2023

  • Energy Storage
    $1.7B+13.1%
  • Specialties
    $353M-0.6%
  • Ketjen
    $261M+10.5%

Forward guidance

Albemarle expects that its full year 2022 results across all business units will improve relative to full year 2021. Capital expenditures are anticipated to be higher than previously planned as the company invests to accelerate conversion capacity additions and meet evolving industry standards, as well as continued inflationary pressures.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.5%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

60%

41 / 68 earnings

Positive

+20.0%

Q1 2022

Best reaction

-18.4%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+6.4%-19.2%
Q4 2025-9.4%-3.7%-9.8%
Q3 2025-0.3%+13.0%+36.1%
Q1 2025+1.3%-1.8%-4.8%
Q4 2024+3.5%+9.1%-1.8%
Q3 2024+0.2%+10.7%+5.2%
Q2 2024+0.7%-9.7%-2.4%
Q1 2024+4.1%+8.7%+1.9%
Q4 2023+4.7%+9.3%+8.9%
Q3 2023-1.7%-5.8%-0.5%
Q2 2023-4.2%-5.4%-3.7%
Q1 2023+1.3%+7.2%+20.2%
Q4 2022+5.5%-4.7%-23.0%
Q3 2022-1.6%+2.7%+1.9%
Q2 2022-3.7%+0.4%+6.6%
Q1 2022+20.0%+12.4%+27.2%
Q4 2021-18.4%-21.0%-17.9%
Q3 2021+4.9%+7.1%-3.3%
Q2 2021+5.6%+11.8%+16.9%
Q1 2021-5.7%-1.6%+7.1%
Q4 2020-12.8%-3.5%-6.6%
Q3 2020+8.1%+19.6%+42.6%
Q2 2020-2.3%+2.2%+11.0%
Q1 2020+2.2%+10.2%+44.2%
Q4 2019+6.3%+1.0%-39.7%
Q3 2019+6.0%+0.5%-4.6%
Q2 2019+12.3%+2.9%-3.4%
Q1 2019-4.3%-9.6%-8.9%
Q4 2018+7.4%+10.2%-0.5%
Q3 2018-1.8%-9.0%-17.8%
Q2 2018+6.6%+6.3%+5.4%
Q1 2018-2.3%-1.5%-5.3%
Q4 2017-8.8%-13.7%-15.8%
Q3 2017-1.6%+0.2%-8.8%
Q2 2017-3.5%-8.6%-0.8%
Q1 2017+0.3%+1.1%+5.3%
Q4 2016+9.2%+12.7%+13.0%
Q3 2016-0.9%-3.7%+6.4%
Q2 2016-2.7%-2.6%-2.9%
Q1 2016+11.0%
Q4 2015+4.2%
Q3 2015-9.6%
Q2 2015-3.5%
Q1 2015+4.7%
Q4 2014-15.3%
Q3 2014+0.5%
Q2 2014-8.8%
Q1 2014+1.6%
Q4 2013+2.6%
Q3 2013+5.0%
Q2 2013-3.0%
Q1 2013-6.3%
Q4 2012+0.4%
Q3 2012+3.6%
Q2 2012-3.0%
Q1 2012-0.6%
Q4 2008+1.2%
Q4 2011+1.2%
Q3 2011+8.5%
Q2 2011-1.1%
Q1 2010+3.6%
Q1 2011+1.2%
Q4 2010+2.7%
Q3 2010+1.5%
Q3 2009+1.5%
Q2 2010+1.3%
Q4 2009+1.3%
Q2 2009+1.3%

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