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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales $ 1,360,736 $ 2,580,252
Cost of goods sold [1] 1,321,798 1,303,712
Gross profit 38,938 1,276,540
Selling, general and administrative expenses 194,912 154,306
Research and development expenses 23,532 20,471
Operating (loss) profit (179,506) 1,101,763
Interest and financing expenses (37,969) (26,777)
Other income, net 49,901 82,492
(Loss) income before income taxes and equity in net income of unconsolidated investments (167,574) 1,157,478
Income tax (benefit) expense (3,721) 276,963
(Loss) income before equity in net income of unconsolidated investments (163,853) 880,515
Equity in net income of unconsolidated investments (net of tax) 180,500 396,188
Net income 16,647 1,276,703
Net income attributable to noncontrolling interests (14,199) (38,123)
Net income attributable to Albemarle Corporation 2,448 1,238,580
Mandatory convertible preferred stock dividends (11,584) 0
Net (loss) income attributable to Albemarle Corporation common shareholders $ (9,136) $ 1,238,580
Basic (loss) earnings per share attributable to common shareholders (in dollars per share) $ (0.08) $ 10.57
Diluted (loss) earnings per share attributable to common shareholders (in dollars per share) $ (0.08) $ 10.51
Weighted-average common shares outstanding - basic (in shares) 117,451 117,232
Weighted-average common shares outstanding - diluted (in shares) 117,451 117,841
[1] Included purchases from related unconsolidated affiliates of $540.7 million and $353.2 million for the three-month periods ended March 31, 2024 and 2023, respectively.