Albemarle Corporation: Is The EV Demand Actually Flattening & Impacting Their Performance?

Albemarle Corporation’s Q2 2024 earnings reveal a mix of operational successes and challenges reflective of the
broader industry landscape. During the quarter, the company reported net sales of $1.4 billion, a substantial
decrease from $2.4 billion a year prior, primarily due to decreased pricing. The loss attributable to Albemarle
stood at $188 million, reflecting a significant downturn from profitability, with a diluted loss per share of $1.96.
Adjusted for specific charges, including $215 million primarily related to capital project asset write-offs, adjusted
diluted EPS was reported at $0.04.