Earnings Summary

Albemarle Corporation’s revenue jumped 60.19% since last year same period to $2370.19Mn in the Q2 2023. On a quarterly growth basis, Albemarle Corporation has generated -8.14% fall in its revenue since last 3-months.

Albemarle Corporation’s net profit jumped 59.8% since last year same period to $650.04Mn in the Q2 2023. On a quarterly growth basis, Albemarle Corporation has generated -47.52% fall in its net profits since last 3-months.

Albemarle Corporation’s net profit margin fell -0.24% since last year same period to 27.43% in the Q2 2023. On a quarterly growth basis, Albemarle Corporation has generated -42.87% fall in its net profit margins since last 3-months.

Albemarle Corporation’s earning per share (EPS) estimates for the current quarter stand at 7.73 - a 10.59% jump from last quarter’s estimates.

Albemarle Corporation’s earning per share (EPS) estimates for the current year stand at 7.73.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Albemarle Corporation’s return on assets (ROA) stands at 0.13.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Albemarle Corporation’s return on equity (ROE) stands at 0.49.

Albemarle Corporation declared 0.4 dividend per share during the earnings announcement for Q1 2023.