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Consolidated Statements of (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,354,692 $ 2,310,596 $ 4,145,813 $ 7,261,038
Cost of goods sold [1] 1,458,726 2,255,662 4,221,487 5,371,077
Gross (loss) profit (104,034) 54,934 (75,674) 1,889,961
Selling, general and administrative expenses 154,253 172,109 482,052 716,046
Restructuring charges and asset write-offs 828,146 1,757 1,156,522 9,196
Research and development expenses 22,397 21,082 66,699 62,972
Operating (loss) profit (1,108,830) (140,014) (1,780,947) 1,101,747
Interest and financing expenses (47,760) (29,332) (120,916) (81,686)
Other (expenses) income, net (22,256) 11,182 61,311 147,628
(Loss) income before income taxes and equity in net income of unconsolidated investments (1,178,846) (158,164) (1,840,552) 1,167,689
Income tax expense (benefit) 110,853 (8,551) 76,472 311,399
(Loss) income before equity in net income of unconsolidated investments (1,289,699) (149,613) (1,917,024) 856,290
Equity in net income of unconsolidated investments (net of tax) 229,058 470,306 696,436 1,417,545
Net (loss) income (1,060,641) 320,693 (1,220,588) 2,273,835
Net income attributable to noncontrolling interests (8,351) (18,160) (34,154) (82,679)
Net (loss) income attributable to Albemarle Corporation (1,068,992) 302,533 (1,254,742) 2,191,156
Mandatory convertible preferred stock dividends (41,687) 0 (94,959) 0
Net (loss) income attributable to Albemarle Corporation common shareholders $ (1,110,679) $ 302,533 $ (1,349,701) $ 2,191,156
Basic (loss) earnings per share attributable to common shareholders (in dollars per share) $ (9.45) $ 2.58 $ (11.49) $ 18.68
Diluted (loss) earnings per share attributable to common shareholders (in dollars per share) $ (9.45) $ 2.57 $ (11.49) $ 18.60
Weighted-average common shares outstanding - basic (in shares) 117,535 117,349 117,505 117,304
Weighted-average common shares outstanding - diluted (in shares) 117,535 117,783 117,505 117,797
[1] Included purchases from related unconsolidated affiliates of $441.1 million and $634.7 million for the three-month periods ended September 30, 2024 and 2023, respectively, and $1.6 billion and $1.4 billion for the nine-month periods ended September 30, 2024 and 2023, respectively.