HighGravityDataAlbemarle — Apr 30, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000915913-25-000081
Showing in the filing
Cost and productivity improvement target
“$300 to $400 million range”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 31
Cost and productivity improvement target
“$300 to $400 million range”
Total Corporate Average lithium market price… for FY2025
“~$9”
Total Corporate Average lithium market price… for FY2025
“$12-15”
Total Corporate Average lithium market price… for FY2025
“~$20”
Total Corporate Net sales - Observed market … for FY2025
“$4.9 - $5.2 billion”
Total Corporate Net sales - YE 2024 H1 2024 … for H1 FY2025
“$5.3 - $6.1 billion”
Total Corporate Net sales - Q4 2023 average for Q4 FY2025
“$6.5 - $7.0 billion”
Total Corporate Adjusted EBITDA - Observed m… for FY2025
“$0.8 - $1.0 billion”
Total Corporate Adjusted EBITDA - YE 2024 H1… for H1 FY2025
“$1.2 - $1.8 billion”
Total Corporate Adjusted EBITDA - Q4 2023 av… for Q4 FY2025
“$2.5 - $2.7 billion”
Energy Storage Net sales - Observed market p… for FY2025
“$2.5 - $2.6 billion”
Energy Storage Net sales - YE 2024 H1 2024 r… for H1 FY2025
“$2.9 - $3.5 billion”
Energy Storage Net sales - Q4 2023 average for Q4 FY2025
“$4.2 - $4.5 billion”
Energy Storage Adjusted EBITDA - Observed ma… for FY2025
“$0.6 - $0.7 billion”
Energy Storage Equity in net income of uncon… for Q4 FY2025
“$0.6 - $0.7 billion”
Adjusted EBITDA
“$0.6 - $0.7 billion”
Energy Storage Adjusted EBITDA - YE 2024 H1 … for H1 FY2025
“$1.0 - $1.5 billion”
Energy Storage Adjusted EBITDA - Q4 2023 ave… for Q4 FY2025
“$2.2 - $2.4 billion”
Energy Storage Equity in net income of uncon… for FY2025
“$0.2 - $0.3 billion”
Equity in net income of unconsolidated inves…
“$0.2 - $0.3 billion”
Energy Storage Equity in net income of uncon… for H1 FY2025
“$0.3 - $0.5 billion”
Specialties net sales for FY2025
“$1.3 - $1.5 billion”
Specialties adjusted EBITDA for FY2025
“$210 - $280 million”
Ketjen net sales for FY2025
“$1.0 - $1.1 billion”
Ketjen adjusted EBITDA for FY2025
“$120 - $150 million”
Capital expenditures for FY2025
“$700 million to $800 million”
Depreciation and amortization for FY2025
“$630 - $670 million”
Adjusted effective tax rate (a) for FY2025
“(40%) - 25%”
Corporate costs (b) for FY2025
“$70 - $100 million”
Interest and financing expenses for FY2025
“$180 - $210 million”
Weighted-average common shares outstanding (… for FY2025
“118 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
First-Quarter 2025 and Recent Highlights (Unless otherwise stated, all percentage changes represent year-over-year comparisons) • Net sales of $1.1 billion, with double-digit volume growth in Specialties (+11%) and record Energy Storage lithium salt production from the company’s integrated conversion network • Net income of $41 million, or ($0.00) per diluted share attributable to common shareholders; adjusted diluted loss per share attributable to common shareholders of ($0.18) • Adjusted EBITDA of $267 million; year-over-year gains in Specialties (+30%) and Ketjen (+76%) • Cash from operations of $545 million, which included a $350 million customer prepayment; excluding the prepayment, operating cash flow conversion (a) was 73%; line of sight to breakeven free cash flow assuming current lithium market pricing • Through April, achieved approximately 90% run-rate against midpoint $350 million cost and productivity improvement target; identified opportunities to reach high-end of the $300 to $400 million range • Maintaining full-year 2025 outlook considerations, including ranges based on recently observed lithium market price scenarios; ranges include the anticipated direct impact of tariffs announced as of April 29, 2025 (a) Defined as Operating Cash Flow divided by Adj. EBITDA, which is a non-GAAP measure. See Non-GAAP Reconciliations for further details. "Our business continues to perform in line with our outlook considerations, including first-quarter adjusted EBITDA of $267 million with strong year-over-year improvements in Specialties and Ketjen,” said Kent Masters, Chairman and CEO. “We continue to focus on what we can control - taking decisive actions to reduce costs, optimize our lithium conversion network and increase efficiencies to preserve our long-term competitive position. While the full economic impact of the recently announced tariffs and other global trade actions is unclear, we benefit from our global footprint and the current exemptions for critical minerals; as a result, we are maintaining our full year 2025 outlook considerations.” First Quarter 2025 Results In millions, except per share amounts Q1 2025 Q1 2024 $ Change % Change Net sales $ 1,076.9 $ 1,360.7 $ (2
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.