W R Grace closes acquisition of Albermarle business unit - Baltimore Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the first-quarter 2021 Albemarle corporation earnings conference call. [Operator instructions] Please be advised that today s conference is being recorded. [Operator instructions] I would now like to hand the conference over to your speaker host, Meredith Bandy, vice president of investor relations and sustainability. Please go ahead.
Meredith Bandy
Vice President of Investor Relations and Sustainability
All right. Thank you, Olivia, and welcome to Albemarle s first-quarter earnings conference call. Our earnings were released after the close of the market yesterday, and you ll find our press release, presentation and non-GAAP reconciliations posted to our website under the investors section at albemarle.com. Joining me on the call today are Kent Masters, chief executive officer; Scott Tozier, chief financial officer.
ALBemarle Corporation today announced its results for the first quarter ended March 31, 2021 . First Quarter 2021 Highlights Net income of $95.7 million or $0.84 per diluted share; Adjusted diluted EPS of $1.10 an increase of 10% Net sales of $829.3 million an increase of 12% Adjusted EBITDA of $230.1 million an increase of 17% Full year 2021 guidance unchanged Entered into a definitive agreement to sell the Fine .
Albemarle Reports First Quarter Sales Growth of 12%
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CHARLOTTE, N.C., May 5, 2021 /PRNewswire/ Albemarle Corporation (NYSE: ALB) today announced its results for the first quarter ended March 31, 2021.
First Quarter 2021 Highlights
(Unless otherwise stated, all percent changes are based on year-over-year comparisons)
Net income of $95.7 million, or $0.84 per diluted share; Adjusted diluted EPS of $1.10, an increase of 10%
Net sales of $829.3 million, an increase of 12%
Adjusted EBITDA of $230.1 million an increase of 17%
Full year 2021 guidance unchanged
Entered into a definitive agreement to sell the Fine Chemistry Services business to W. R. Grace & Co. for proceeds of approximately $570 million
W R Grace to be acquired in $4 6 billion deal baltimoresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltimoresun.com Daily Mail and Mail on Sunday newspapers.