Kent Masters

“Hello, and welcome to Albemarle Corporation's Q2 2021. ...transition and energy resilience, including strong global grid storage demand. Finally, we remain focused on execution and disciplined capital allocation to enable us to grow rateably through the cycle.”

“We also delivered adjusted EBITDA of $664 million, more than double the same period last year, reflecting higher pricing and volume in both energy storage and specialties, as well as cost and productivity improvements.”

“For the fourth quarter, we reported net sales of $1.4 billion, up 16% year-over-year, with double-digit volume growth. We also delivered adjusted EBITDA of $269 million, up 7% year-over-year, reflecting strong growth in energy storage and significant cost and productivity improvements.”

“In the third quarter, we reported net sales of $1.3 billion, including another record production period from our integrated lithium conversion network. Adjusted EBITDA reached $226 million, representing a 7% increase as cost and efficiency improvements more than compensated for lower year-over-year lithium pricing.”

“For the first quarter, we reported net sales of $1.1 billion, including increased specialties volumes and record lithium production from our integrated lithium conversion network.”