Albemarle Corporation (ALB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to Albemarle Corporation's Q1 twenty twenty six Earnings Call. I will now hand it over to Meredith Bondy, Vice President of Investor Relations and Sustainability. Thank you, and welcome, everyone, to Albemarle's First Quarter twenty twenty six Earnings conference call. Our earnings were released after market closed yesterday and you'll find the press release and earnings presentation posted to our website under the Investors section at albemarle.com. Joining me on the call today are Kent Masters, Chief Executive Officer and Neil Sherey, Chief Financial Officer Mark Mummert, Chief Operations Officer and Eric Norris, Chief Commercial Officer are also available for Q and A. As a reminder, some of the statements made during this call, including our outlook, guidance, expected company performance and strategic initiatives may constitute forward looking statements. Please note the cautionary language about forward looking statements contained in our press release and earnings presentation. That same language also applies to this call. Please also note that some of our comments today may refer to non GAAP financial measures. Reconciliations can be found in our earnings materials. And now I'll turn the call over to Kent. Thank you, Meredith. I'm pleased to report that Albemarle's performance is off to a strong start for 2026. For the first quarter, we reported net sales of $1,400,000,000 up 33% year over year. We also delivered adjusted EBITDA of $664,000,000 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. We continue to see strong end market demand, which I will discuss in greater detail as we get into the presentation. Our business is w...