Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Calculation of Basic and Diluted Earning Per Share

Basic and diluted earnings per share for the three-month periods ended March 31, 2024 and 2023 are calculated as follows (in thousands, except per share amounts):


	Three Months Ended March 31,
		2024		2023
Basic (loss) earnings per share
Numerator:
Net income attributable to Albemarle Corporation		$	2,448	$	1,238,580
Mandatory convertible preferred stock dividends		(11,584)		—
Net (loss) income attributable to Albemarle Corporation common shareholders		$	(9,136)	$	1,238,580
Denominator:
Weighted-average common shares for basic (loss) earnings per share		117,451		117,232
Basic (loss) earnings per share		$	(0.08)	$	10.57

Diluted (loss) earnings per share
Numerator:
Net income attributable to Albemarle Corporation		$	2,448	$	1,238,580
Mandatory convertible preferred stock dividends		(11,584)		—
Net (loss) income attributable to Albemarle Corporation common shareholders		$	(9,136)	$	1,238,580
Denominator:
Weighted-average common shares for basic (loss) earnings per share		117,451		117,232

Incremental shares under stock compensation plans		—		609
Weighted-average common shares for diluted (loss) earnings per share		117,451		117,841
Diluted (loss) earnings per share		$	(0.08)	$	10.51