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Consolidated Statements of (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,430,385 $ 2,370,190 $ 2,791,121 $ 4,950,442
Cost of goods sold [1] 1,440,963 1,811,703 2,762,761 3,115,415
Gross (loss) profit (10,578) 558,487 28,360 1,835,027
Selling, general and administrative expenses 168,948 397,070 346,660 551,376
Capital project assets write-off 292,315 0 309,515 0
Research and development expenses 20,770 21,419 44,302 41,890
Operating (loss) profit (492,611) 139,998 (672,117) 1,241,761
Interest and financing expenses (35,187) (25,577) (73,156) (52,354)
Other income, net 33,666 53,954 83,567 136,446
(Loss) income before income taxes and equity in net income of unconsolidated investments (494,132) 168,375 (661,706) 1,325,853
Income tax (benefit) expense (30,660) 42,987 (34,381) 319,950
(Loss) income before equity in net income of unconsolidated investments (463,472) 125,388 (627,325) 1,005,903
Equity in net income of unconsolidated investments (net of tax) 286,878 551,051 467,378 947,239
Net (loss) income (176,594) 676,439 (159,947) 1,953,142
Net income attributable to noncontrolling interests (11,604) (26,396) (25,803) (64,519)
Net (loss) income attributable to Albemarle Corporation (188,198) 650,043 (185,750) 1,888,623
Mandatory convertible preferred stock dividends (41,688) 0 (53,272) 0
Net (loss) income attributable to Albemarle Corporation common shareholders $ (229,886) $ 650,043 $ (239,022) $ 1,888,623
Basic (loss) earnings per share attributable to common shareholders (in dollars per share) $ (1.96) $ 5.54 $ (2.03) $ 16.10
Diluted (loss) earnings per share attributable to common shareholders (in dollars per share) $ (1.96) $ 5.52 $ (2.03) $ 16.03
Weighted-average common shares outstanding - basic (in shares) 117,528 117,332 117,489 117,282
Weighted-average common shares outstanding - diluted (in shares) 117,528 117,769 117,489 117,805
[1] Included purchases from related unconsolidated affiliates of $582.2 million and $421.0 million for the three-month periods ended June 30, 2024 and 2023, respectively, and $1.1 billion and $774.2 million for the six-month periods ended June 30, 2024 and 2023, respectively.