Albemarle Q1 Earnings Beat Expectations

Albemarle posted Q1 adjusted earnings of $2.95 per share, surpassing the $1.31 consensus by $1.64.
Revenue reached $1.4 billion, a 33% YoY increase and above the $1.32 billion forecast.
Energy Storage sales hit $891 million (+70% YoY) with pricing up 51% and volumes up 14%, driving EBITDA to $551 million (+196%).
Albemarle lifted Specialties sales outlook to $1.3‑$1.5 bn and EBITDA to $225‑$275 m, repaid $1.3 bn debt and cut interest guidance to $120‑$140 m.