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Albemarle Reports Third Quarter 2007 Results
Date:10/22/2007

- Third quarter net income of $59.1 million, or 61 cents per share.

- Record quarterly Catalysts segment income of $41.0 million.

- Over 400 basis point year-over-year improvement in quarterly Fine

Chemicals segment income margin.

RICHMOND, Va., Oct. 22 /PRNewswire-FirstCall/ -- Albemarle Corporation (NYSE: ALB) reported third quarter 2007 net income of $59.1 million, or 61 cents per share, up from $2.3 million, or 2 cents per share, for third quarter 2006. Excluding the charge related to the divestiture of the Thann, France facility of $89.2 million ($58.4 million after income taxes, or 60 cents per share), third quarter 2006 net income was $60.7 million, or 62 cents per share. Strong performance in the Company's Catalysts and Fine Chemicals business segments was offset by margin declines in our Polymer Additives business segment. The Company reported net sales in the third quarter of 2007 totaling $584 million compared to third quarter 2006 net sales of $608 million.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )

Net income for the nine months of 2007 was $171.1 million, or $1.76 per share, up from $80.0 million, or 82 cents per share, for the nine months of 2006. Excluding the second quarter 2007 charge related to the closure of our Dayton fine chemistry facility, net income for the nine months of 2007 was $174.2 million, or $1.79 per share. Net income, excluding the Thann charge, for the nine months of 2006 was $138.4 million, or $1.43 per share. Net sales for the nine months of 2007 were $1.74 billion compared to $1.78 billion for the nine months of 2
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SOURCE Albemarle Corporation
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