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People & Business :: Earnings/Finance

Albemarle changes pension reporting method

10:14 AM MST | November 16, 2012 | Vincent Valk

Albemarle is changing its pension accounting method to mark-to-market (MTM) accounting, effective for the 2012 fiscal year, the company says. The new method will be used when the company reports is annual results. This MTM accounting will reduce Albemarle’s pension obligations by $45 million, or 32 cts/share, during the 9 months ended 30 September, the company says. "We believe this accounting change will provide greater transparency to our operating results that will allow investors to more clearly evaluate the company's underlying operating...

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