Albemarle Corporation (ALB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

And welcome to Albemarle Corporation's Q2 twenty twenty six Earnings Call. I will now hand it over to Meredith Bandy, Vice President of Investor Relations and Sustainability. Thank you, and welcome, everyone, to Albemarle's Second Quarter twenty twenty 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 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 applies to this call. Please also note that some of our comments today may refer to non GAAP financial measures. You can find reconciliations in our earnings materials. And now I'll turn the call over to Kent. Thank you, Meredith. Our strong start to 2026 continued in the second quarter, supported by disciplined execution and improving conditions across our key markets. Second quarter net sales of $1,700,000,000 increased 31% year over year, driven by higher pricing in energy storage and both higher pricing and volumes in specialties. Adjusted EBITDA more than doubled to $858,000,000 with our enterprise EBITDA margin expanding to 49%. Importantly, we converted that performance into cash. We generated $710,000,000 of cash from operations, representing a more than...