ALB · 8-K · 20260805PR000101

Headcount / Restructuring

ALBEMARLE CORP · 2026-08-05 · Importance 46 · Surprise 42

Albemarle recorded $7.3 million of restructuring charges and asset write-offs in the second quarter and $33.2 million in the first half of 2026. The charges included placing Kemerton Train 1 into care and maintenance, in addition to previously announced restructuring actions. After tax, first-half restructuring charges totaled $33.3 million, or $0.24 per share. The company reported $100 million of year-to-date run-rate cost and productivity improvements and is tracking toward its $100 million to $150 million full-year target.

Key facts

• Three months ended June 30, 2026 restructuring charges and asset write-offs: $7.3 million; six months ended June 30, 2026: $33.2 million source