Albemarle Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 06, 2024 at 04:45 pm EST
Albemarle Corporation reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 1,354.69 million compared to USD 2,310.6 million a year ago. Net loss was USD 1,068.99 million compared to net income of USD 302.53 million a year ago. Basic loss per share from continuing operations was USD 9.45 compared to basic earnings per share from continuing operations of USD 2.58 a year ago. Diluted loss per share from continuing operations was USD 9.45 compared to diluted earnings per share from continuing operations of USD 2.57 a year ago.
For the nine months, sales was USD 4,145.81 million compared to USD 7,261.04 million a year ago. Net loss was USD 1,254.74 million compared to net income of USD 2,191.16 million a year ago. Basic loss per share from continuing operations was USD 11.49 compared to basic earnings per share from continuing operations of USD 18.68 a year ago. Diluted loss per share from continuing operations was USD 11.49 compared to diluted earnings per share from continuing operations of USD 18.6 a year ago.