Albemarle Reports Record Quarterly Net Sales and Operati...(d government regulation of our operation...),Health

Date:4/21/2008

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
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SOURCE Albemarle Corporation Copyright©2008 PR Newswire. All rights reserved

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