Albemarle reports Q2 EPS 11c vs. 4c last year

Reports Q2 revenue $1.3B, consensus $1.23B. “We delivered strong second quarter results and are maintaining our previous outlook considerations assuming current lithium market pricing persists,” said Kent Masters, Chairman and CEO. “Due to recent cash management actions, we now expect to generate positive free cash flow for the year. Our team has established a track record of operational excellence and has successfully executed proactive measures to reduce operating and capital costs while preserving our long-term competitive position.”