Albemarle Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Albemarle (NYSE:ALB) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.38b (down 44% from FY 2023).
• Net loss: US$1.32b (down by 184% from US$1.57b profit in FY 2023).
• US$11.20 loss per share (down from US$13.41 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Albemarle EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 7.6%.

The primary driver behind last 12 months revenue was the Energy Storage segment contributing a total revenue of US$3.02b (56% of total revenue). Notably, cost of sales worth US$5.29b amounted to 98% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$707.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ALB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Albemarle that you need to be mindful of.

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