Albemarle Corporation and Subsidiaries

FIVE-YEAR SUMMARY Exhibit 99.1

(In Thousands, Except for Per-Share Amounts and Footnote Share Data)

Years Ended December 31	2004			2003			2002			2001			2000
Results of Operations
Net sales	$	1,513,737		$	1,110,237		$	1,007,918		$	942,752		$	941,449
Costs and expenses		1,411,656			1,017,413			905,099			844,302			791,287
Operating profit		102,081			92,824			102,819			98,450			150,162
Interest and financing expenses		(17,350	)		(5,376	)		(5,070	)		(5,536	)		(5,998	)
Other (expense) income, net(a)		(12,887	)		607			3,358			4,282			3,337
Income before income taxes		71,844			88,055			101,107			97,196			147,501
Income taxes		17,005			13,890			28,086			29,029			45,725
Income before cumulative effect of a change in accounting principle		54,839			74,165			73,021			68,167			101,776
Cumulative effect of a change in accounting principle, net(b)		—			(2,220	)		—			—			—
Net income	$	54,839		$	71,945		$	73,021		$	68,167		$	101,776
Financial Position and Other Data
Total assets	$	2,442,745		$	1,387,291		$	1,200,398		$	1,138,272		$	981,803
Operations:
Working capital	$	373,664		$	271,298		$	256,481		$	79,824		$	173,038
Current ratio		2.00 to 1			2.29 to 1			2.56 to 1			1.26 to 1			2.22 to 1
Depreciation and amortization	$	97,268		$	84,014		$	80,603		$	77,610		$	73,750
Capital expenditures	$	57,652		$	41,058		$	38,382		$	49,903		$	52,248
Investments in joint ventures	$	9,913		$	11,102		$	2,714		$	11,166		$	6,890
Acquisitions, net of cash acquired	$	785,247		$	117,767		$	—		$	113,245		$	35,006
Research and development expenses	$	31,273		$	18,411		$	16,485		$	21,919		$	26,201
Gross margin as a % of net sales		19.7			21.5			23.1			23.5			28.8
Total long-term debt	$	944,631		$	228,579		$	190,628		$	170,215		$	97,980
Equity(b)	$	711,375		$	636,221		$	574,337		$	599,623		$	565,228
Total long-term debt as a % of total capitalization		57.0			26.4			24.9			22.1			14.8
Common Stock
Basic earnings per share(b)	$	1.32		$	1.74		$	1.73		$	1.49		$	2.22
Shares used to compute basic earnings per share(c)		41,567			41,255			42,104			45,766			45,882
Diluted earnings per share(b)	$	1.29		$	1.71		$	1.69		$	1.47		$	2.18
Shares used to compute diluted earnings per share(c)		42,527			42,146			43,137			46,524			46,606
Cash dividends declared per share	$	.585		$	.565		$	.54		$	.52		$	.46
Shareholders’ equity per share(c)	$	16.98		$	15.46		$	13.78		$	13.18		$	12.33
Return on average shareholders’ equity		8.1	%		11.9	%		12.4	%		11.7	%		19.2	%

Footnotes:

^(a) Other (expense) income, net for 2004 includes foreign exchange hedging charges totaling $12,848 ($8,184 after income taxes) associated with contracts entered into by the Company to hedge the euro-denominated purchase price for the July 31, 2004 acquisition of the refinery catalysts business from Akzo Nobel N.V.

^(b) On January 1, 2003, the Company implemented SFAS No. 143, “Accounting for Asset Retirement Obligations,” which addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs.

^(c) Shareholders’ equity includes the purchase of common shares amounting to: 2004—27,569; 2003—693,794; 2002—4,015,578; 2001—417,505 and 2000—574,091

97