Albemarle reports Q4 adjusted EPS ($1.09), consensus (67c)

Reports Q4 revenue $1.2B, consensus $1.34B. We are taking decisive actions to reduce costs, optimize our conversion network and increase efficiencies to preserve our long-term competitive position,” said Kent Masters, chairman and CEO. “As we look ahead, we expect dynamic market conditions to persist but remain confident in our ability to deliver value to stakeholders by increasing our financial flexibility, strengthening our core capabilities and positioning Albemarle (ALB) for future growth.”