ALBEMARLE CORP (ALB)

Albemarle Corp. engages in the development, manufacture, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following segments: Energy Storage, Specialties, Ketjen, and All Other. The Energy Storage segment develops and manufactures a broad range of basic lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride. The Specialties segment focuses on optimizing a portfolio of bromine and specialized lithium solutions. The Ketjen segment consists of clean fuels technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions, which is primarily composed of organometallics and curatives. The All Other segment refers only to the FCS business that did not fit into any of the company’s core businesses. The company was founded in 1993 and is headquartered in Charlotte, NC.

Address

4250 CONGRESS STREET
CHARLOTTE, NC 28209

Founded

1993

Number of Employees

9,000

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$129,726 - - $241,958 $518,530 - - - - - - $296,738
Average Price $65.95 - - $103.35 $98.53 - - - - - - $93.01
# Shares Purchased 1,967,069 - - 2,341,083 5,262,654 - - - - - - 3,190,269
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 31.9% - - -15.8% -11.7% - - - - - - -6.5%
S&P 500 Return to Date 181.9% - - 129.7% 104.9% - - - - - - 138.8%
Excess Total Return -149.9% - - -145.5% -116.6% - - - - - - -145.3%
Quartile Rank
Percentile Rank 41% - - 30% 31% - - - - - - 38%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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