Last $64.94 USD
Change Today -0.04 / -0.06%
Volume 1.0M
ALB On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

albemarle corp (ALB) Snapshot

Open
$65.00
Previous Close
$64.98
Day High
$65.45
Day Low
$64.64
52 Week High
07/15/14 - $76.28
52 Week Low
07/31/14 - $59.86
Market Cap
5.1B
Average Volume 10 Days
937.0K
EPS TTM
$5.31
Shares Outstanding
78.2M
EX-Date
09/11/14
P/E TM
12.2x
Dividend
$1.10
Dividend Yield
1.64%
Current Stock Chart for ALBEMARLE CORP (ALB)

albemarle corp (ALB) Related Businessweek News

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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 Corporation and ICL to Form Polymeric Flame Retardant Manufacturing Joint Venture

Albemarle Corporation and ICL announced that the two companies have entered into an agreement to establish a manufacturing joint venture for the production of ICL's FR-122P polymeric flame retardant and Albemarle's GreenCrest(TM) polymeric flame retardant. These flame retardants are designed to replace hexabromocyclododecane (HBCD). The joint venture and its partners will own and operate a 2,400 MT per year Netherlands plant, which is currently operating, and a 10,000 MT per year Israel plant, which is scheduled to come on line in the 4th quarter of 2014. Both plants are located at ICL sites as previously announced by ICL. The joint venture will enable additional capacity to be brought to the market to meet the growth needed for the EU and the rest of the world following the phase out of HBCD from these markets. The transaction is subject to certain closing conditions, including regulatory approvals, and is expected to close in 2015. ICL IP's investment in its polymeric flame retardant production capacities followed extensive testing and evaluation processes conducted by potential customers during the past several years. ICL began to commercially produce and market its FR-122P polymeric flame retardant product in 2013. Albemarle began commercial qualifications of its GreenCrest sustainable polymeric product in 2013 and started commercial supply in April 2014 from the Netherlands plant. Positive customer feedback has confirmed that the GreenCrest product is suitable for commercial uses in EPS and XPS applications. Albemarle and ICL will continue to provide independent marketing, sales and technical service to their customers in Europe and around the world to ensure a smooth transition as EPS and XPS producers shift from HBCD to the polymeric flame retardant before the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) sunset date for HBCD in August 2015.

Albemarle Corporation Presents at KeyBanc Capital Markets Basic Materials & Packaging Conference, Sep-09-2014 10:00 AM

Albemarle Corporation Presents at KeyBanc Capital Markets Basic Materials & Packaging Conference, Sep-09-2014 10:00 AM. Venue: InterContinental Boston, 510 Atlantic Ave., Boston, Massachusetts, United States. Speakers: Luther C. Kissam, Chief Executive Officer, President and Director, Matthew K. Juneau, Senior Vice President and President of Performance Chemicals.

Albemarle Corporation Presents at Credit Suisse Basic Materials Conference 2014, Sep-17-2014 01:30 PM

Albemarle Corporation Presents at Credit Suisse Basic Materials Conference 2014, Sep-17-2014 01:30 PM. Venue: Credit Suisse, One Madison Avenue - between 23rd and 24th streets, New York, NY 10010, United States. Speakers: Matthew K. Juneau, Senior Vice President and President of Performance Chemicals, Scott A. Tozier, Chief Financial Officer, Chief Risk Officer and Senior Vice President.

 

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ALB

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Valuation ALB Industry Range
Price/Earnings 13.2x
Price/Sales 1.9x
Price/Book 3.3x
Price/Cash Flow 15.5x
TEV/Sales 1.2x
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