Albemarle Corporation (ALB) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Albemarle Corporation's Q4 2025 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 fourth quarter 2025 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 investor section at albemarle.com. Joining me on the call today are Kent Masters, Chief Executive Officer, and Neil Sherry, Chief Financial Officer. Mark Mummert, Chief Operations Officer, and Eric Norris, Chief Commercial Officer, are also available for Q&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 around 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 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. For the fourth quarter, we reported net sales of $1.4 billion, up 16% year over year, with double-digit volume growth. We also delivered adjusted EBITDA of $269 million, up 7% year over year, reflecting strong growth in energy storage and significant cost and productivity improvements. Turning to the full year. We achieved net sales of $5.1 billion and adjusted EBITDA of $1.1 billion. As expected, these results were at or above our previous outlook considerations. Significant cost and productivity improvements, volume growth, and sales channel mix c...