Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share:

Basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2023 and 2022 are calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	650,043	$	406,773	$	1,888,623	$	660,156
Denominator:
Weighted-average common shares for basic earnings per share	117,332		117,116		117,282		117,091
Basic earnings per share	$	5.54	$	3.47	$	16.10	$	5.64

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	650,043	$	406,773	$	1,888,623	$	660,156
Denominator:
Weighted-average common shares for basic earnings per share	117,332		117,116		117,282		117,091
Incremental shares under stock compensation plans	437		608		523		598
Weighted-average common shares for diluted earnings per share	117,769		117,724		117,805		117,689
Diluted earnings per share	$	5.52	$	3.46	$	16.03	$	5.61

At June 30, 2023 there were 51,316 common stock equivalents not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.

On May 2, 2023, the Company declared a cash dividend of $0.40, an increase from the prior year regular quarterly dividend. This dividend was paid on July 3, 2023 to shareholders of record at the close of business as of June 16, 2023. On July 18, 2023, the Company declared a cash dividend of $0.40 per share, which is payable on October 2, 2023 to shareholders of record at the close of business as of September 15, 2023.