Last $60.48 USD
Change Today -0.34 / -0.56%
Volume 429.8K
ALB On Other Exchanges
Symbol
Exchange
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

albemarle corp (ALB) Snapshot

Open
$60.77
Previous Close
$60.82
Day High
$61.02
Day Low
$60.48
52 Week High
07/15/14 - $76.28
52 Week Low
10/15/14 - $51.35
Market Cap
4.7B
Average Volume 10 Days
1.4M
EPS TTM
$5.23
Shares Outstanding
78.3M
EX-Date
12/11/14
P/E TM
11.6x
Dividend
$1.10
Dividend Yield
1.82%
Current Stock Chart for ALBEMARLE CORP (ALB)

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albemarle corp (ALB) Details

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. It provides brominated and mineral based flame retardants under the Saytex, Martinal, and Magnifin brands that are used in plastic enclosures for consumer electronics, printed circuit boards, wire and cable, electrical connectors, textiles, and foam insulation; and plastic and other additives, such as curatives, antioxidants, and stabilizers under the Ethacure and Ethanox brands. The company also offers refinery catalysts, including hydroprocessing catalysts, fluidized catalytic cracking catalysts, and additives; organometallic co-catalysts and metallocene components and co-catalysts; electronic materials, such as high purity metal organic products, as well as other products; and chemical catalysts used in the chemical industry, as well as provides single-site catalysts and Ziegler-Natta catalysts under the Advantage brand. In addition, the company provides elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and bromine fine chemicals used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing, and various other industrial applications, as well as tertiary amines for surfactants, biocides, disinfectants, and sanitizers; and aluminum oxides for use in various refractory, ceramic and polishing applications. Further, it supplies fine chemistry products and performance chemicals for pharmaceutical and agricultural use, as well as provides custom manufacturing, research, and chemical scale-up services for companies. The company serves petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety, and custom chemistry service markets. Albemarle Corporation was founded in 1993 and is headquartered in Baton Rouge, Louisiana.

4,231 Employees
Last Reported Date: 02/25/14
Founded in 1993

albemarle corp (ALB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Risk Officer a...
Total Annual Compensation: $443.8K
Senior Vice President and President of Perfor...
Total Annual Compensation: $315.0K
Senior Vice President and President of Cataly...
Total Annual Compensation: $106.6K
Senior Vice President, General Counsel of Cor...
Total Annual Compensation: $397.0K
Compensation as of Fiscal Year 2013.

albemarle corp (ALB) Key Developments

Albemarle Closes its Private Offering of EUR 700 Million Aggregate Principal Amount of 1.875% Notes Due 2021

Albemarle announced that it has closed its private offering of EUR 700 million aggregate principal amount of 1.875% notes due 2021. The company intends to use the net proceeds to finance the cash consideration of its previously announced acquisition of Rockwood Holdings Inc. and to pay related fees and expenses.

Albemarle Corporation Enters into New Senior Unsecured Credit Facility Agreement

On December 2, 2014, Albemarle Corporation entered into a new senior unsecured credit facility agreement documenting the cash bridge facility pursuant to which the lenders thereunder will provide up to $1.15 billion in loans (the cash bridge facility). The cash bridge facility is guaranteed by each of the company’s subsidiaries that guarantee the company’s five-year revolving, unsecured credit facility. Amounts borrowed under the cash bridge facility are intended to be used as short-term borrowings to fund a portion of the cash consideration payable in connection with the anticipated acquisition of Rockwood Holdings Inc. (Rockwood), pursuant to an Agreement and Plan of Merger, dated July 15, 2014, and pay related fees and expenses. All proceeds of any dividends or distributions received by the company from Rockwood are required to be used to prepay the cash bridge facility. The cash bridge facility will mature on the date that is 60 days following the completion of the merger with Rockwood. The interest rate payable on amounts outstanding under the cash bridge facility is equal to either (i) LIBOR or (ii) an alternate base rate (defined as the high of (a) Bank of America’s prime rate, (b) the Federal Funds rate plus 0.50% and (c) a daily rate equal to one month LIBOR plus 1.00%), plus, in each case, an applicable margin based on the company’s credit rating.

Albemarle Corporation and Israel Chemicals Limited Sign Joint Venture Agreement

Albemarle Corporation and Israel Chemicals Limited announced they had signed an agreement to create a joint venture which will manufacture their polymeric flame retardants.

 

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Industry Analysis

ALB

Industry Average

Valuation ALB Industry Range
Price/Earnings 12.7x
Price/Sales 1.7x
Price/Book 3.2x
Price/Cash Flow 15.4x
TEV/Sales 1.1x
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