d government regulation of our operations
or our products. Additional factors that could cause our results to differ
materially from those described in the forward-looking statements can be
found under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for
the period ended December 31, 2007 and in our other public filings with the
Securities and Exchange Commission. Readers are urged to review and
consider carefully the disclosures we make in our filings with the
Securities and Exchange Commission.
Albemarle Corporation and Subsidiaries
Consolidated Statements of Income
(In Thousands of Dollars, Except Share and Per Share Amounts) (Unaudited)
First Quarter Ended
March 31,
2008 2007
Net sales $668,177 $589,238
Cost of goods sold 500,766 429,449
Gross profit 167,411 159,789
Selling, general and administrative expenses 63,519 62,486
Research and development expenses 16,800 15,711
Severance charges 3,278(a) -
Operating profit 83,814 81,592
Interest and financing expenses (10,216) (8,910)
Other income, net 2,846 952
Income before income tax expense, minority
interests and equity in net income of
unconsolidated investments 76,444 73,634
Income tax expense (16,626) (16,936)
Income before minority interests and equity
in net income of unconsolidated investments 59,818
'/>"/>
SOURCE Albemarle Corporation Copyright©2008 PR Newswire. All rights reserved | |
Page: 1 2 3 4 5 6 7 8 9 10 Related medicine news :1.
Albemarle Corporations First Quarter 2008 Earnings Conference Call To Be Held April 22, 2008 at 8:00am ET2.
Albemarle Corporations First Quarter 2008 Earnings Conference Call To Be Held April 22, 2008 at 9:00am ET3.
Albemarle Raises Prices of Specialty Aluminas4.
Albemarle to Raise Prices of Dibromomethane5.
Albemarle Reports Third Quarter 2007 Results6.
Albemarle to Increase Price of Ibuprofen7.
Quest Diagnostics Reports Strong Revenue and Earnings Growth in First Quarter 20088.
Amylin Pharmaceuticals Reports First Quarter Financial Results9.
QMed, Inc. Reports First Quarter Results10.
TeamStaff, Inc. Reports Preliminary Second Quarter 2008 Results11.
Bioniche Reports the Passing of its Board Chair