Albemarle Raises Guidance Yet Again, Expects to Be FCF Positive in 2022

Image Shown: Albemarle Corporation’s lithium operations have posted stellar financial performance in recent quarters and underpin the firm’s bright long-term growth outlook. Image Source: Albemarle Corporation – Second Quarter of 2022 IR Earnings Presentation By Callum Turcan On August 3, Albemarle Corporation (ALB) reported second quarter 2022 earnings that matched consensus top-line estimates and beat consensus bottom-line estimates. Albemarle produces lithium derivatives such as lithium carbonate and lithium hydroxide that are used to produce lithium-ion batteries. The firm also produces bromine, which is used as a fire retardant in a wide variety of products, and catalysts for the refining industry. The company once again raised its full-year guidance for 2022 during its second quarter earnings update. Albemarle also raised its … Read more