Albemarle (ALB) FY2024 results: revenue $5.4 billion, down 44.1% on the year
Albemarle Corp. (ALB) reported revenue of $5.4 billion for fiscal 2024, the year ended 31 December 2024, down 44.1% on the year before. Net income was -$1.2 billion, and diluted earnings per share $-11.20. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.
Revenue
$5.4 billion
-44.1% on the year
FY2017FY2024
Operating margin
-33.0%
2.6% a year earlier
FY2017FY2024
Net income
-$1.2 billion
FY2017FY2024
Diluted EPS
-$11.20
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
688
1,325
1,908
-48.1%
Capital expenditure
1,681
2,155
1,262
-22.0%
Free cash flow
-993
-829
646
Free cash flow margin
-18.5%
-8.6%
8.8%
Cash from investing
-1,585
-2,565
-1,423
Cash from financing
1,242
624
612
+99.0%
Depreciation and amortisation
589
430
301
+36.9%
Share-based compensation
32.1
36.5
30.5
-12.1%
Dividends paid
189
187
184
+0.7%
Dividend per share
$1.61
$1.60
$1.58
+0.6%
Diluted shares, weighted
118m
118m
118m
-0.2%
Shares outstanding at period end
118m
117m
117m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
9,962
9,412
7,983
+5.8%
Non-controlling interest
238
253
208
-5.8%
Debt
3,516
4,167
3,217
-15.6%
Operating lease liabilities
99.5
114
99.3
-12.5%
Finance lease liabilities
114
104
74.4
+8.7%
Other liabilities
2,681
4,221
3,875
-36.5%
Total liabilities and equity
16,610
18,271
15,457
-9.1%
Fixed assets
9,331
9,495
6,963
-1.7%
Goodwill
1,583
1,630
1,618
-2.9%
Intangible assets
231
262
288
-11.9%
Investments
60.6
207
39.5
-70.7%
Cash and equivalents
1,192
890
1,499
+34.0%
Receivables
742
1,213
1,191
-38.8%
Inventory
1,503
2,161
2,076
-30.5%
Other assets
1,967
2,412
1,782
-18.5%
Total assets
16,610
18,271
15,457
-9.1%
10-K for the year ended 31 December 2024, filed 12 February 2025: the filing.