ALB · 8-K · 20260805PR000101
Income Tax Rate Changes
ALBEMARLE CORP · 2026-08-05 · Importance 45 · Surprise 64 · In source text
The second-quarter 2026 effective income tax rate was 21.3%, compared with a reported rate of negative 380.0% in the prior-year quarter, when pretax income was a loss of $9.0 million and tax expense was $34.1 million. On an adjusted basis, the second-quarter tax rate was 19.1%, compared with 159.9% in the prior-year quarter. First-half 2026 reported and adjusted tax rates were 16.6% and 13.3%, respectively. Second-quarter 2026 included $6.0 million of discrete net tax expense, primarily related to foreign tax reserves and foreign return-to-provision adjustments.
Key facts
- Corporate adjusted effective tax rate FY2026 outlook: (50)% to 30% depending on lithium prices and geographic mix source
- Q2 2026 income tax expense: $94,002 and effective income tax rate for Q2 2026 was 21.3% (19.1% on an adjusted basis) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | unclear | probable | — | Corporate adjusted effective tax rate FY2026 outlook: (50)% to 30% depending on lithium prices and geographic mix |