Albemarle (ALB) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to the same quarter last year, but declined slightly from the immediately preceding quarter. The year-over-year growth was substantial, while the sequential decrease was modest.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared to the same quarter last year, but declined slightly from the immediately preceding quarter. The year-over-year growth was substantial, while the sequential decrease was modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
-1.6%
Change from the immediately preceding quarter.
Year-over-year
+128.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.5B | +91.2% |
| Sep 30, 2022 | $2.1B | +151.9% |
| Dec 31, 2022 | $2.6B | +198.1% |
| Mar 31, 2023 | $2.6B | +128.8% |
Revenue performance
The reported revenue for the quarter was higher than the same period a year earlier, reflecting continued strong demand. However, revenue edged lower from the prior quarter, indicating a slight moderation in the pace of growth.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased slightly. In contrast, revenue was significantly higher than the same quarter one year ago, driven by favorable market conditions.
What to watch
Monitor whether the sequential revenue decline continues in the coming quarters.