Albemarle (ALB) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined compared to both the prior consecutive quarter and the same quarter a year ago. The decrease was more pronounced on an annual basis.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined compared to both the prior consecutive quarter and the same quarter a year ago. The decrease was more pronounced on an annual basis.
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
-5.3%
Change from the immediately preceding quarter.
Year-over-year
-41.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Dec 31, 2023 | $2.4B | -10.1% |
| Mar 31, 2024 | $1.4B | -47.3% |
| Jun 30, 2024 | $1.4B | -39.7% |
| Sep 30, 2024 | $1.4B | -41.4% |
Revenue performance
The reported revenue moved lower from the immediately preceding quarter, continuing a downward trajectory seen in recent periods.
Quarterly comparison
Revenue was well below the level reported in the same period one year earlier, marking a sharp year-over-year contraction. The sequential decline was moderate relative to the annual drop.
What to watch
The substantial year-over-year revenue decrease warrants monitoring of demand and pricing conditions in the company's end markets.