Quarterly Financial Summary (Unaudited)

12 Months Ended

Dec. 31, 2012

NOTE 24—Quarterly Financial Summary (Unaudited):


	First Quarter^(a)		Second Quarter^(b)		Third Quarter^(c)		Fourth Quarter
	(In thousands, except per share amounts)
2012
Net sales	$	711,704	$	684,894	$	661,226	$	687,596
Gross profit	$	250,980	$	249,288	$	217,750	$	191,977
Restructuring and other charges, net ⁽^d⁾	$	—	$	94,703	$	—	$	16,982
Net income attributable to Albemarle Corporation	$	114,262	$	50,089	$	109,459	$	37,726
Basic earnings per share	$	1.28	$	0.56	$	1.23	$	0.42
Shares used to compute basic earnings per share		88,997		89,414		89,327		89,018
Diluted earnings per share	$	1.27	$	0.56	$	1.22	$	0.42
Shares used to compute diluted earnings per share		89,947		90,051		89,879		89,660

(a)

As a result of our change in method of accounting relating to our global pension and OPEB plans in the fourth quarter of 2012, first quarter 2012 results were retrospectively adjusted resulting in increases to Gross profit of $3.1 million, Net income attributable to Albemarle Corporation of $6.2 million, Basic earnings per share of $0.07 and Diluted earnings per share of $0.07.

(b)

As a result of our change in method of accounting relating to our global pension and OPEB plans in the fourth quarter of 2012, second quarter 2012 results were retrospectively adjusted resulting in increases to Gross profit of $6.6 million, Net income attributable to Albemarle Corporation of $12.4 million, Basic earnings per share of $0.14 and Diluted earnings per share of $0.14.

(c)

As a result of our change in method of accounting relating to our global pension and OPEB plans in the fourth quarter of 2012, third quarter 2012 results were retrospectively adjusted resulting in increases to Gross profit of $3.0 million, Net income attributable to Albemarle Corporation of $10.2 million, Basic earnings per share of $0.12 and Diluted earnings per share of $0.12, and a decrease to Restructuring and other charges, net of $6.5 million.

(d)	See Note 19, “Special Items.”


	First Quarter^(a)		Second Quarter^(b)		Third Quarter^(c)		Fourth Quarter^(d)
	(In thousands, except per share amounts)
2011
Net sales	$	696,530	$	742,108	$	722,977	$	707,390
Gross profit	$	235,358	$	252,377	$	260,402	$	206,810
Net income attributable to Albemarle Corporation	$	111,061	$	114,843	$	120,662	$	45,548
Basic earnings per share	$	1.21	$	1.25	$	1.34	$	0.51
Shares used to compute basic earnings per share		91,633		91,713		89,935		88,805
Diluted earnings per share	$	1.20	$	1.24	$	1.33	$	0.51
Shares used to compute diluted earnings per share		92,517		92,795		90,958		89,819

(a)

As a result of our change in method of accounting relating to our global pension and OPEB plans in the fourth quarter of 2012, first quarter 2011 results were retrospectively adjusted resulting in increases to Gross profit of $2.3 million, Net income attributable to Albemarle Corporation of $4.5 million, Basic earnings per share of $0.05 and Diluted earnings per share of $0.05.

(b)

As a result of our change in method of accounting relating to our global pension and OPEB plans in the fourth quarter of 2012, second quarter 2011 results were retrospectively adjusted resulting in increases to Gross profit of $0.4 million, Net income attributable to Albemarle Corporation of $0.7 million, Basic earnings per share of $0.01 and Diluted earnings per share of $0.01.

(c)

As a result of our change in method of accounting relating to our global pension and OPEB plans in the fourth quarter of 2012, third quarter 2011 results were retrospectively adjusted resulting in increases to Gross profit of $2.4 million, Net income attributable to Albemarle Corporation of $4.6 million, Basic earnings per share of $0.05 and Diluted earnings per share of $0.05.

(d)

As a result of our change in method of accounting relating to our global pension and OPEB plans in the fourth quarter of 2012, fourth quarter 2011 results were retrospectively adjusted resulting in decreases to Gross profit of $27.3 million, Net income attributable to Albemarle Corporation of $53.9 million, Basic earnings per share of $0.61 and Diluted earnings per share of $0.60.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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