NYSE$ALB
Albemarle Corporation · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Albemarle's net sales increased ~3x and full-year net sales exceeded $7 billion.
Albemarle Corporation reported a significant increase in net sales for Q4 2022, nearly tripling compared to the prior-year quarter, driven by higher lithium prices and increased volumes. Net income also saw a substantial rise, reaching $1.1 billion, while adjusted EBITDA increased by 444%.
- Net sales increased by 193% to $2.6 billion.
- Net income reached $1.1 billion, or $9.60 per diluted share.
- Adjusted diluted EPS increased by 753% to $8.62.
- Adjusted EBITDA increased by 444% to $1.2 billion.
Headline financials
Revenue & EPS history
Albemarle · Revenue · Quarterly
$2.62B
Revenue by segment
Albemarle · $2.62B total across 3 segments · Q4 2022
- Energy Storage$2.07B—78.8%
- Specialties$319M—12.2%
- Ketjen$236M—9.0%
Forward guidance
Full-year 2023 guidance remains unchanged from the January update, and reflects strong growth with an increase in net sales of about 55% to 75% from 2022 primarily driven by market demand and continued favorable pricing for lithium. Adjusted EBITDA is expected to increase 20% - 45%, with adjusted diluted EPS up to 50% year-over-year. The company expects to maintain positive cash flow even while increasing capital expenditures to between $1.7 billion and $1.9 billion for 2023.
Tailwinds
- Net sales are estimated to range between $11.3 to $12.9 billion.
- Adjusted EBITDA is estimated between $4.2 and $5.1 billion.
- Energy Storage volumes are projected to be up 30-40% in 2023 compared to 2022.
- Full year realized pricing is expected to be up 55-65% vs. prior year, assuming flat pricing to fourth quarter 2022.
- The company expects to maintain positive cash flow even while increasing capital expenditures to between $1.7 billion and $1.9 billion for 2023.
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 2022
+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
| Quarter | Report date | Reaction (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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