Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share:

Basic and diluted (loss) earnings per share for the three-month and six-month periods ended June 30, 2024 and 2023 are calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic (loss) earnings per share
Numerator:
Net (loss) income attributable to Albemarle Corporation	$	(188,198)	$	650,043	$	(185,750)	$	1,888,623
Mandatory convertible preferred stock dividends	(41,688)		—		(53,272)		—
Net (loss) income attributable to Albemarle Corporation common shareholders	$	(229,886)	$	650,043	$	(239,022)	$	1,888,623
Denominator:
Weighted-average common shares for basic (loss) earnings per share	117,528		117,332		117,489		117,282
Basic (loss) earnings per share	$	(1.96)	$	5.54	$	(2.03)	$	16.10

Diluted (loss) earnings per share
Numerator:
Net (loss) income attributable to Albemarle Corporation	$	(188,198)	$	650,043	$	(185,750)	$	1,888,623
Mandatory convertible preferred stock dividends	(41,688)		—		(53,272)		—
Net (loss) income attributable to Albemarle Corporation common shareholders	$	(229,886)	$	650,043	$	(239,022)	$	1,888,623
Denominator:
Weighted-average common shares for basic (loss) earnings per share	117,528		117,332		117,489		117,282

Incremental shares under stock compensation plans	—		437		—		523
Weighted-average common shares for diluted (loss) earnings per share	117,528		117,769		117,489		117,805
Diluted (loss) earnings per share	$	(1.96)	$	5.52	$	(2.03)	$	16.03

The following table summarizes the number of shares, calculated on a weighted average basis, not included in the computation of diluted earnings per share because their effect would have been anti-dilutive (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Shares assuming the conversion of the mandatory convertible preferred stock	19,411	—	12,841	—
Shares under the stock compensation plans	1,140	51	1,018	36