Albemarle (ALB) Tops Q1 EPS by 26c; Boosts FY16 Revenue Outlook
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Albemarle reports first quarter 2016 results and increases annual guidance
May 10, 2016 4:31 PM EDTBATON ROUGE, La., May 10, 2016 /PRNewswire/ --
First quarter 2016 highlights:
First quarter earnings of $2.02 per diluted share ($0.40 in prior year); adjusted diluted earnings of $1.12 per share, an increase of 44% over the prior year, excluding the impact of currency and divestitures First quarter adjusted EBITDA of $245 million, an increase of 16% over the prior year, excluding the impact of currency and divestitures First quarter cash from operations of $173 million, an increase of $127 million over the prior year and on track with expectations Completed the sales of the metal sulfides and... More