Albemarle Earnings: Everything You Must Know Now

Albemarle Corp. (NYSE:ALB) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Albemarle Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 21.77% to $0.97 in the quarter versus EPS of $1.24 in the year-earlier quarter.

Revenue: Decreased 7.4% to $634.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Albemarle Corp. reported adjusted EPS income of $0.97 per share. By that measure, the company missed the mean analyst estimate of $0.99. It missed the average revenue estimate of $653.52 million.

Quoting Management: “Our businesses delivered EBITDA margins of 22% in spite of facing lower metals surcharges and an economic environment which saw continued sluggishness across Europe, weak electronics and construction markets and a much weaker China than most anticipated at the beginning of the year,” stated Luke Kissam, CEO. “We also successfully met several key milestones with regard to bringing on our bromine and organometallics expansions, which will be essential drivers of our long term growth.”

Key Stats (on next page)…

Revenue decreased 1.16% from $641.63 million in the previous quarter. EPS increased 4.3% from $0.93 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.38 to a profit $1.35. For the current year, the average estimate has moved down from a profit of $4.95 to a profit of $4.68 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)