Albemarle Corporation, a global leader in essential elements for mobility, energy, connectivity, and health, announced its financial results for the second quarter ended June 30, 2025. The company reported net sales of $1.3 billion, reflecting a 7% decrease from the previous year's quarter, primarily due to lower pricing in the Energy Storage segment, despite increased volumes in both Energy Storage and Specialties. Net income attributable to Albemarle rose to $23 million, marking a significant year-over-year increase of $211 million. This improvement was mainly attributed to a prior-year after-tax charge of $215 million related to capital project asset write-offs and associated contract cancellation costs. Adjusted EBITDA stood at $336 million, a decline of $50 million from the previous year, as lower input costs and ongoing cost reduction efforts mostly offset the impact of reduced lithium pricing. The company highlighted volume growth in Energy Storage and Specialties, with increases of 15% and 6%, respectively. Adjusted diluted earnings per share attributable to common shareholders was reported at $0.11. Albemarle did not provide an outlook or guidance in the announcement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.