Albemarle Reports Record Quarterly Net Sales and Operati...(d investments ...),Health

investments $7,028 $6,361

Segment income:

Polymer Additives $29,752 $35,723

Catalysts 51,722 39,405

Fine Chemicals 21,545 22,512

Total segment income 103,019 97,640

Corporate & other (12,484) (14,638)

Severance charges (a) (3,278) -

Interest and financing expenses (10,216) (8,910)

Other income, net 2,846 952

Income tax expense (16,626) (16,936)

Net income $63,261 $58,108

See accompanying notes to the condensed consolidated financial information.

Notes to the Condensed Consolidated Financial Information

(a) The three-month period ended March 31, 2008 includes charges amounting

to $3.3 million ($2.1 million after income taxes, or 2 cents per

share) that relate to severance in conjunction with personnel

reductions at the Company's Richmond headquarters and Singapore sales

office.

Additional Information

It should be noted that net income excluding special items is a financial measure that is not required by, or presented in accordance with, accounting principles generally accepted in the United States, or GAAP. It is presented here to exclude the impact of certain non-recurring items on our results. We believe this measure is more reflective of our operations, provides transparency to investors and enables period-to-period comparability of financial performance.

A description of other non-GAAP financial measures that we use to evaluate our operations and financial perfo
'/>"/>