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What Drove Albemarle’s Better-than-Expected Q2 Earnings?

Peter Neil
What Drove Albemarle’s Better-than-Expected Q2 Earnings?

Albemarle (ALB) reported its Q2 2018 earnings after the market closed on August 7. It reported revenue of $853.9 million for Q2 2018, reflecting growth of 15.8% over Q2 2017. The company easily beat Wall Street analysts’ estimate of $798.2 million. Higher volumes, better pricing, and favorable foreign currency influenced ALB’s revenue growth and offset the divestiture effect of its polyolefin catalysts and components business to W.R. Grace (GRA). All three of ALB’s reporting segments witnessed revenue growth. On a year-over-year basis, the Lithium segment led the revenue growth with 30. ...