Albemarle (ALB) Revenue — Quarter Ended Sep 30, 2023
Revenue grew from the same quarter a year earlier but fell from the immediately preceding quarter. The sequential decline reflects a continuation of the trend observed in recent periods.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue grew from the same quarter a year earlier but fell from the immediately preceding quarter. The sequential decline reflects a continuation of the trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
+10.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.9B
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 |
|---|---|---|
| Dec 31, 2022 | $2.6B | +198.1% |
| Mar 31, 2023 | $2.6B | +128.8% |
| Jun 30, 2023 | $2.4B | +60.2% |
| Sep 30, 2023 | $2.3B | +10.5% |
Revenue performance
The quarter's revenue was higher year-over-year yet lower sequentially. The filing also shows a notable decrease in net income compared to the same quarter last year.
Quarterly comparison
Compared to the prior quarter, revenue decreased. Compared to the same quarter one year ago, revenue increased.
What to watch
The cost of goods sold increased substantially year-over-year, leading to a much lower gross profit as reported in the filing.