Albemarle (ALB) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter declined compared to the same period a year earlier but rose from the prior quarter. The sequential increase marks a modest reversal after a steep drop in the preceding quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter declined compared to the same period a year earlier but rose from the prior quarter. The sequential increase marks a modest reversal after a steep drop in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
-39.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.5B
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 |
|---|---|---|
| Sep 30, 2023 | $2.3B | +10.5% |
| Dec 31, 2023 | $2.4B | -10.1% |
| Mar 31, 2024 | $1.4B | -47.3% |
| Jun 30, 2024 | $1.4B | -39.7% |
Revenue performance
The sequential revenue improvement was driven by a slight uptick in net sales, though the level remained well below the year-ago figure.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased modestly, while the comparison with the same quarter one year earlier showed a significant contraction.
What to watch
Monitor whether the sequential revenue gain can be sustained given the persistent year-over-year decline.