Albemarle Achieves Record Quarterly Earnings; EPS $1.02

Albemarle Corporation ALB reported third quarter 2010 earnings

Third quarter 2010 highlights:

• Achieved record quarterly earnings of $1.02 per share, up nearly 80 percent over third quarter 2009 results.
• Net sales increased 14 percent from prior year's quarter to $585 million.
• Outstanding operating performance with strong year-over-year profit growth across all three segments, including record segment income for Polymer Solutions and Catalysts for the third consecutive quarter.  
• Strong cash generation leading to cash and cash equivalents of $425 million at quarter end.
• Achieved record EBITDA performance of $151 million and record EBITDA margin of 25.8 percent