Albemarle (ALB) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased from the preceding quarter, indicating a sequential improvement. However, compared with the same quarter a year earlier, revenue declined.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased from the preceding quarter, indicating a sequential improvement. However, compared with the same quarter a year earlier, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
-10.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.6B
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 |
|---|---|---|
| Mar 31, 2023 | $2.6B | +128.8% |
| Jun 30, 2023 | $2.4B | +60.2% |
| Sep 30, 2023 | $2.3B | +10.5% |
| Dec 31, 2023 | $2.4B | -10.1% |
Revenue performance
The reported revenue moved upward relative to the immediately preceding quarter, reversing the prior sequential decline.
Quarterly comparison
Revenue was higher than the quarter immediately before, but lower than the same quarter one year prior. The trailing twelve-month revenue figure also dropped from the prior year's level.
What to watch
The year‑over‑year decline in revenue persists, warranting attention to the underlying drivers of the annual contraction.