IHS Chemical Week

People & Business :: Earnings/Finance

Albemarle posts steep profit decline

3:34 PM MDT | July 17, 2013 | Rebecca Coons

Albemarle reported double-digit profit declines across all three of its business units, as lower rare earths surcharges, economic sluggishness, and last year’s exit from phosphorous flame retardants impacted second-quarter results. Net income excluding special items declined 29% year-over-year (YOY) to $82 million. Adjusted earnings of 97 cts/share was down 24.2% YOY and fell short of a 99 cts/share consensus of analysts’ estimates compiled by Thomson Reuters (New York).  Sales slipped 7.4%, to $634 million. Catalyst sales were up  2.0% YOY...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa