Albemarle finishes strong - guiding to continued growth in 2018
February 27, 2018
CHARLOTTE, N.C., Feb. 27, 2018 /PRNewswire/ --
Fourth quarter 2017 highlights:
Fourth quarter net sales were $857.8 million, an increase of 23% over the prior year
Fourth quarter loss of $218.4 million, or $1.95 per diluted share, included $366.9 million of income tax expense related to the new U.S. tax reform laws
Fourth quarter adjusted EBITDA was $245.8 million, an increase of 31% over the prior year; adjusted diluted earnings per share from continuing operations of $1.34, an increase of 72% over the prior year
Signed definitive agreement to sell the polyolefin catalysts and components portion of its PCS business
Expect adjusted diluted earnings per share in 2018 between $5.00 and $5.40, an increase of 9% to 18% over 2017
Albemarle Corporation - News Release
