Albemarle Corporation: A Tale Of  Expansion of New Facilities and Margin Recovery! 

Albemarle Corporation’s first quarter earnings of 2024 revealed a net sales of $1.4 billion and adjusted EBITDA of $291 million. Despite the decline of 47% year-over-year, which was caused largely by reduced prices, the firm experienced volumetric growth led by the energy storage segment. The firm also confirmed its ability to navigate the market dynamism and confirmed delivery of over $9 million in productivity and restructuring cost savings, as part of efforts geared towards aligning costs with the current market situation.