Market Summary
USD168.94-5.50
Market Closed-3.15%
ALB Stock Price
ALB RSI Chart
ALB Valuation
ALB Price/Sales (Trailing)
ALB Profitability
ALB Fundamentals
ALB Revenue
ALB Earnings
Price Action
52 Week Range
167.70333.39
(Low)(High)
Last 7 days
-5.3%
Last 30 days
-7.2%
Last 90 days
-22.8%
Trailing 12 Months
-39.1%
ALB Financial Health
ALB Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for ALB
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-07-03 | Cramer Ralf Hans | acquired | - | - | 750 | - |
2023-07-03 | BRLAS LAURIE | acquired | - | - | 750 | - |
2023-07-03 | OBRIEN JAMES J /KY | acquired | - | - | 750 | - |
2023-07-03 | OConnell Diarmuid B. | acquired | - | - | 750 | - |
2023-07-03 | Seavers Dean | acquired | - | - | 750 | - |
2023-07-03 | Wolff Alejandro Daniel | acquired | - | - | 750 | - |
2023-05-10 | Norris Eric | bought | 246,317 | 195 | 1,260 | president, energy storage |
2023-05-05 | Coleman Kristin M. | bought | 249,886 | 182 | 1,373 | evp, general counsel |
2023-05-05 | Masters J Kent | bought | 993,571 | 181 | 5,470 | chairman & ceo |
2023-04-19 | Masters J Kent | acquired | - | - | 54,475 | chairman & ceo |
Which funds bought or sold ALB recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | unchanged | - | 5,627 | 612,382 | 0.52% |
2023-09-12 | Farther Finance Advisors, LLC | added | 2.99 | 2,916 | 76,743 | 0.02% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 167,987 | 167,987 | 0.01% |
2023-09-05 | Covenant Partners, LLC | added | 0.89 | 7,257 | 404,908 | 0.15% |
2023-09-01 | Manhattan West Asset Management, LLC | added | 46.25 | 699,632 | 2,169,330 | 0.81% |
2023-08-30 | Western Wealth Management, LLC | reduced | -6.06 | -29,364 | 539,972 | 0.05% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 3,256 | 22,047 | -% |
2023-08-28 | DELPHI MANAGEMENT INC /MA/ | new | - | 1,183,000 | 1,183,000 | 1.23% |
2023-08-24 | Alberta Investment Management Corp | reduced | -1.35 | -20,996 | 4,811,160 | 0.05% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 1,249 | 135,862 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Albemarle
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital international investors | 6.7% | 7,868,987 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 12.10% | 14,174,413 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.0% | 9,321,844 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.61% | 13,585,134 | SC 13G/A | |
| Feb 09, 2022 | state street corp | 4.57% | 5,348,397 | SC 13G/A | |
| Feb 03, 2022 | franklin resources inc | 4.2% | 4,910,125 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.8% | 9,121,178 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.41% | 12,143,615 | SC 13G/A | |
| Feb 05, 2021 | state street corp | 5.27% | 5,614,068 | SC 13G | |
| Feb 01, 2021 | franklin resources inc | 5.4% | 5,740,155 | SC 13G/A |
Recent SEC filings of Albemarle
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 02, 2023 | 8-K | Current Report | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 06, 2023 | 4 | Insider Trading | |
| Jul 06, 2023 | 4 | Insider Trading | |
| Jul 06, 2023 | 4 | Insider Trading | |
| Jul 06, 2023 | 4 | Insider Trading | |
| Jul 06, 2023 | 4 | Insider Trading | |
| Jul 06, 2023 | 4 | Insider Trading | |
| Jul 06, 2023 | 4 | Insider Trading |
Peers (Alternatives to Albemarle)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DD | 34.0B | 12.5B | -1.07% | 37.74% | 7.2 | 2.71 | -3.90% | 152.35% |
ALB | 20.5B | 9.7B | -7.25% | -39.15% | 5.22 | 2.12 | 123.06% | 1386.73% |
CE | 13.9B | - | 8.46% | 30.48% | 10.98 | 1.25 | 22.25% | -35.45% |
PPG | - | 17.9B | -5.63% | 12.72% | - | - | 1.96% | 21.57% |
| MID-CAP | ||||||||
EMN | 10.0B | 9.8B | -5.95% | 1.41% | 12.61 | 0.94 | -10.03% | -41.97% |
OLN | 6.1B | 7.8B | -14.24% | 6.57% | 7.54 | 0.78 | -20.33% | -46.41% |
HUN | 4.4B | 6.9B | -8.02% | -1.27% | 22.73 | 0.64 | -19.93% | -84.77% |
AVNT | 3.3B | 3.3B | -0.38% | -0.41% | 5.78 | 1.01 | -3.65% | 128.94% |
AXTA | - | 5.1B | -3.30% | 12.06% | - | - | 9.03% | 9.70% |
| SMALL-CAP | ||||||||
ASIX | 841.7M | 1.7B | -8.79% | -9.18% | 7.56 | 0.49 | -11.49% | -43.12% |
TSE | 310.8M | 4.1B | -24.91% | -62.60% | -0.35 | 0.08 | -23.57% | -425.83% |
RYAM | 186.2M | 1.8B | -5.94% | -32.46% | 10.31 | 0.1 | 21.33% | 123.48% |
Albemarle News
Returns for ALB
Cumulative Returns on ALB
12.2%
10-Year Cumulative Returns
13.1%
7-Year Cumulative Returns
11.9%
5-Year Cumulative Returns
22.0%
3-Year Cumulative Returns
Risks for ALB
What is the probability of a big loss on ALB?
99.6%
Probability that Albemarle stock will be more than 20% underwater in next one year
75.4%
Probability that Albemarle stock will be more than 30% underwater in next one year.
37.7%
Probability that Albemarle stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ALB drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Albemarle was unfortunately bought at previous high price.
Drawdowns
Financials for Albemarle
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 10.2% | 9,663 | 8,773 | 7,320 | 5,593 | 4,332 | 3,626 | 3,328 | 3,313 | 3,229 | 3,219 | 3,129 | 3,242 | 3,375 | 3,496 | 3,589 | 3,519 | 3,417 | 3,385 | 3,375 | 3,311 | 3,288 |
| Gross Profit | -0.6% | 3,880 | 3,902 | 3,075 | 2,310 | 1,515 | 1,183 | 998 | 1,027 | 1,032 | 1,017 | 995 | 1,068 | 1,124 | 1,216 | 1,258 | 1,240 | 1,210 | 1,196 | 1,217 | 1,201 | 1,196 |
| S&GA Expenses | 47.4% | 834 | 566 | 524 | 499 | 468 | 461 | 441 | 443 | 436 | 421 | 430 | 490 | 502 | 522 | 533 | 469 | 461 | 458 | 446 | 443 | 450 |
| R&D Expenses | 5.3% | 80.00 | 76.00 | 72.00 | 64.00 | 59.00 | 55.00 | 54.00 | 57.00 | 58.00 | 58.00 | 59.00 | 58.00 | 60.00 | 59.00 | 58.00 | 60.00 | 61.00 | 64.00 | 70.00 | 75.00 | 80.00 |
| EBITDA | -100.0% | - | 3,613 | 2,734 | 1,846 | 444 | 568 | 388 | 438 | 1,073 | 655 | 639 | 664 | 702 | 776 | 810 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.41* | 0.37* | 0.33* | 0.10* | 0.16* | 0.12* | 0.13* | 0.33* | 0.20* | 0.20* | 0.20* | 0.21* | 0.22* | 0.23* | - | - | - | - | - | - |
| Earnings Before Taxes | -7.1% | 3,058 | 3,291 | 2,433 | 1,562 | 176 | 310 | 134 | 190 | 828 | 381 | 374 | 403 | 446 | 525 | 563 | 614 | 605 | 810 | 795 | 807 | 782 |
| EBT Margin | -100.0% | - | 0.38* | 0.33* | 0.28* | 0.04* | 0.09* | 0.04* | 0.06* | 0.26* | 0.12* | 0.12* | 0.12* | 0.13* | 0.15* | 0.16* | - | - | - | - | - | - |
| Net Income | 6.6% | 3,918 | 3,675 | 2,690 | 1,554 | 264 | 281 | 124 | 212 | 703 | 364 | 376 | 382 | 438 | 507 | 533 | 572 | 547 | 695 | 694 | 346 | 335 |
| Net Income Margin | -100.0% | - | 0.42* | 0.37* | 0.28* | 0.06* | 0.08* | 0.04* | 0.06* | 0.22* | 0.11* | 0.12* | 0.12* | 0.13* | 0.14* | 0.15* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 977 | 646 | -307 | -1,040 | -613 | -609 | -54.06 | 148 | -13.82 | -51.56 | -29.26 | -127 | -30.68 | -132 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 8.8% | 19,110 | 17,564 | 15,457 | 13,829 | 12,520 | 11,416 | 10,974 | 10,832 | 10,797 | 10,290 | 10,451 | 10,232 | 10,170 | 9,848 | 9,861 | 8,142 | 8,094 | 7,871 | 7,582 | 7,487 | 7,538 |
| Current Assets | 12.0% | 7,455 | 6,658 | 5,187 | 4,297 | 3,350 | 2,336 | 1,994 | 2,078 | 2,151 | 2,009 | 2,206 | 2,227 | 2,292 | 2,155 | 2,225 | 1,970 | 2,037 | 1,987 | 1,998 | 2,060 | 2,283 |
| Cash Equivalents | 0.8% | 1,600 | 1,587 | 1,499 | 1,383 | 931 | 463 | 439 | 595 | 824 | 570 | 747 | 702 | 737 | 553 | 613 | 318 | 398 | 465 | 555 | 641 | 908 |
| Inventory | 15.0% | 3,659 | 3,181 | 2,076 | 1,614 | 1,216 | 1,014 | 799 | 746 | 733 | 686 | 750 | 828 | 851 | 854 | 769 | 802 | 814 | 756 | 701 | 727 | 666 |
| Net PPE | 6.8% | 7,855 | 7,353 | 6,963 | 6,425 | 6,208 | 6,029 | 5,910 | 5,655 | 5,511 | 5,390 | 5,355 | 5,243 | 5,136 | 5,026 | 4,909 | 3,524 | 3,391 | 3,170 | 3,021 | 2,825 | 2,670 |
| Goodwill | 0.0% | 1,635 | 1,634 | 1,618 | 1,468 | 1,543 | 1,576 | 1,598 | 1,623 | 1,641 | 1,629 | 1,666 | 1,603 | 1,571 | 1,559 | 1,579 | 1,534 | 1,566 | 1,561 | 1,567 | 1,591 | 1,586 |
| Current Liabilities | 22.4% | 4,292 | 3,505 | 2,741 | 2,488 | 1,782 | 2,103 | 1,874 | 1,591 | 985 | 953 | 1,802 | 1,613 | 1,421 | 1,193 | 1,409 | 1,421 | 1,400 | 1,278 | 1,183 | 1,127 | 1,042 |
| LT Debt, Current | 188.3% | 6.00 | 2.00 | 2.00 | 251 | 251 | 504 | 390 | 1.00 | 1.00 | 1.00 | 805 | 604 | 406 | 36.00 | 187 | 540 | 491 | 426 | 307 | 286 | 209 |
| LT Debt, Non Current | 8.5% | 3,509 | 3,233 | 3,215 | 3,119 | 3,206 | 1,986 | 2,004 | 2,021 | 2,044 | 2,030 | 2,767 | 2,941 | 3,132 | 3,105 | 2,863 | 1,382 | 1,398 | 1,394 | 1,398 | 1,412 | 1,407 |
| Shareholder's Equity | 3.8% | 9,815 | 9,459 | 7,983 | 6,733 | 6,301 | 6,035 | 5,806 | 5,895 | 6,366 | 5,943 | 4,469 | 4,325 | 4,206 | 4,042 | 4,094 | 4,008 | 3,974 | 3,864 | 3,759 | 3,686 | 3,837 |
| Retained Earnings | 8.9% | 7,396 | 6,793 | 5,601 | 4,515 | 3,664 | 3,304 | 3,097 | 3,146 | 3,584 | 3,205 | 3,155 | 3,112 | 3,054 | 3,010 | 2,943 | 2,892 | 2,776 | 2,661 | 2,566 | 2,479 | 2,385 |
| Additional Paid-In Capital | 0.1% | 2,936 | 2,932 | 2,941 | 2,934 | 2,927 | 2,915 | 2,920 | 2,913 | 2,908 | 2,890 | 1,438 | 1,411 | 1,400 | 1,394 | 1,383 | 1,379 | 1,373 | 1,368 | 1,369 | 1,363 | 1,610 |
| Accumulated Depreciation | 2.7% | 2,542 | 2,477 | 2,391 | 2,289 | 2,257 | 2,210 | 2,165 | 2,128 | 2,086 | 2,043 | 2,073 | 2,042 | 2,003 | 1,948 | 1,908 | 1,882 | 1,858 | 1,813 | 1,778 | 1,746 | 1,706 |
| Shares Outstanding | 0.0% | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 113 | 107 | 106 | 106 | 106 | 106 | 106 | 106 | 106 | 106 | 107 | 110 |
| Minority Interest | 10.7% | 273 | 246 | 208 | 232 | 216 | 208 | 180 | 201 | 200 | 196 | 200 | 201 | 182 | 164 | 161 | 172 | 174 | 192 | 174 | 157 | 144 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 9.1% | 2,642 | 2,423 | 1,908 | 809 | 19.00 | 392 | 344 | 828 | 977 | 802 | 799 | 835 | 728 | 820 | 719 | 515 | 522 | 480 | 546 | 606 | 582 |
| Share Based Compensation | -4.1% | 35.00 | 37.00 | 30.00 | 30.00 | 27.00 | 22.00 | 20.00 | 22.00 | 21.00 | 23.00 | 23.00 | 20.00 | 19.00 | 17.00 | 20.00 | 19.00 | 17.00 | 18.00 | 15.00 | 16.00 | 18.00 |
| Cashflow From Investing | -13.9% | -1,975 | -1,733 | -1,422 | -1,121 | -1,064 | -719 | -666 | -578 | -525 | -803 | -863 | -1,707 | -1,697 | -1,691 | -1,663 | -827 | -836 | -378 | -303 | -209 | -103 |
| Cashflow From Financing | -154.5% | -237 | 436 | 612 | 1,220 | 1,221 | 251 | 50.00 | -360 | -392 | -17.00 | 177 | 1,267 | 1,356 | 1,018 | 1,043 | 42.00 | -167 | -272 | -786 | -781 | -561 |
| Dividend Payments | 0.4% | 186 | 185 | 184 | 184 | 183 | 182 | 178 | 173 | 169 | 164 | 162 | 160 | 158 | 156 | 152 | 149 | 146 | 145 | 145 | 144 | 143 |
| Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 500 | - | 500 | 500 | 250 |
ALB Income Statement
2023-06-30Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Net sales | $ 2,370,190 | $ 1,479,593 | $ 4,950,442 | $ 2,607,321 |
| Cost of goods sold | 1,811,703 | 899,169 | 3,115,415 | 1,577,867 |
| Gross profit | 558,487 | 580,424 | 1,835,027 | 1,029,454 |
| Selling, general and administrative expenses | 397,070 | 128,942 | 551,376 | 241,510 |
| Research and development expenses | 21,419 | 17,386 | 41,890 | 33,469 |
| (Gain) loss on sale of business/interest in properties | 0 | 0 | 0 | 8,400 |
| Operating profit | 139,998 | 434,096 | 1,241,761 | 746,075 |
| Interest and financing expenses | (25,577) | (41,409) | (52,354) | (69,243) |
| Other income, net | 53,954 | 8,767 | 136,446 | 24,263 |
| Income before income taxes and equity in net income of unconsolidated investments | 168,375 | 401,454 | 1,325,853 | 701,095 |
| Income tax expense | 42,987 | 89,018 | 319,950 | 169,548 |
| Income before equity in net income of unconsolidated investments | 125,388 | 312,436 | 1,005,903 | 531,547 |
| Equity in net income of unconsolidated investments (net of tax) | 551,051 | 128,156 | 947,239 | 190,592 |
| Net income | 676,439 | 440,592 | 1,953,142 | 722,139 |
| Net income attributable to noncontrolling interests | (26,396) | (33,819) | (64,519) | (61,983) |
| Net income attributable to Albemarle Corporation | $ 650,043 | $ 406,773 | $ 1,888,623 | $ 660,156 |
| Basic earnings per share (in dollars per share) | $ 5.54 | $ 3.47 | $ 16.10 | $ 5.64 |
| Diluted earnings per share (in dollars per share) | $ 5.52 | $ 3.46 | $ 16.03 | $ 5.61 |
| Weighted-average common shares outstanding - basic (in shares) | 117,332 | 117,116 | 117,282 | 117,091 |
| Weighted-average common shares outstanding - diluted (in shares) | 117,769 | 117,724 | 117,805 | 117,689 |
ALB Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,599,738 | $ 1,499,142 |
| Trade accounts receivable, less allowance for doubtful accounts (2023 – $3,008; 2022 – $2,534) | 1,344,278 | 1,190,970 |
| Other accounts receivable | 426,780 | 185,819 |
| Inventories | 3,658,623 | 2,076,031 |
| Other current assets | 425,358 | 234,955 |
| Total current assets | 7,454,777 | 5,186,917 |
| Property, plant and equipment, at cost | 10,396,965 | 9,354,330 |
| Less accumulated depreciation and amortization | 2,542,424 | 2,391,333 |
| Net property, plant and equipment | 7,854,541 | 6,962,997 |
| Investments | 1,621,424 | 1,150,553 |
| Other assets | 269,694 | 250,558 |
| Goodwill | 1,634,823 | 1,617,627 |
| Other intangibles, net of amortization | 274,409 | 287,870 |
| Total assets | 19,109,668 | 15,456,522 |
| Current liabilities: | ||
| Accrued expenses | 672,807 | 505,894 |
| Current portion of long-term debt | 6,247 | 2,128 |
| Dividends payable | 46,654 | 46,116 |
| Income taxes payable | 513,339 | 134,876 |
| Total current liabilities | 4,291,513 | 2,741,015 |
| Long-term debt | 3,509,289 | 3,214,972 |
| Postretirement benefits | 32,792 | 32,751 |
| Pension benefits | 159,131 | 159,571 |
| Other noncurrent liabilities | 700,825 | 636,596 |
| Deferred income taxes | 328,078 | 480,770 |
| Commitments and contingencies (Note 9) | ||
| Albemarle Corporation shareholders’ equity: | ||
| Common stock, $.01 par value, issued and outstanding – 117,340 in 2023 and 117,168 in 2022 | 1,174 | 1,172 |
| Additional paid-in capital | 2,936,036 | 2,940,840 |
| Accumulated other comprehensive loss | (517,946) | (560,662) |
| Retained earnings | 7,396,045 | 5,601,277 |
| Total Albemarle Corporation shareholders’ equity | 9,815,309 | 7,982,627 |
| Noncontrolling interests | 272,731 | 208,220 |
| Total equity | 10,088,040 | 8,190,847 |
| Total liabilities and equity | 19,109,668 | 15,456,522 |
| Nonrelated Party | ||
| Current liabilities: | ||
| Accounts payable | 1,960,068 | 1,533,624 |
| Related Party | ||
| Current liabilities: | ||
| Accounts payable | $ 1,092,398 | $ 518,377 |
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.