Albemarle (ALB) 10-K Summary — Year Ended Dec 31, 2023
Albemarle Corporation filed its annual report for the most recent fiscal year. The filing covers the company's business, risk factors, and financial results.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Albemarle Corporation filed its annual report for the most recent fiscal year. The filing covers the company's business, risk factors, and financial results.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$9.6B
Revenue reported for the fiscal year.
Operating income
$251.9M
Income from operations reported for the year.
Net income
$1.6B
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $3.3B | n/a |
| Dec 31, 2022 | $7.3B | +120.0% |
| Dec 31, 2023 | $9.6B | +31.4% |
Business overview
Albemarle is a global specialty chemicals company. The company operates in the lithium, bromine, and catalysts segments, serving end markets such as energy storage, electronics, and refining.
Financial performance
Revenue increased compared to the prior year, while operating income and net income were reported at lower levels. Operating cash flow was positive for the period.
Material risks
The filing identifies risks related to lithium market price volatility, global economic conditions, and operational hazards. Regulatory changes and supply chain disruptions are also noted as material concerns.
Liquidity and capital
The company generated operating cash flow, which supports its capital allocation priorities. No specific capital allocation plans beyond routine investments were detailed in the supplied context.
What to watch
Monitor any changes in lithium market pricing and demand trends in the next filing.