ALBEMARLE CORPALB

ALBEMARLE CORP Earnings Per Share Disclosure

10-KFiled Feb 11, 20262 min read
Earnings Per Share:
Basic and diluted (loss) earnings per share are calculated as follows (in thousands, except per share amounts):
Year Ended December 31,
202520242023
Basic (loss) earnings per share
Numerator:
Net (loss) income attributable to Albemarle Corporation
$(510,628)$(1,179,449)$1,573,476 
Mandatory convertible preferred stock dividends(166,750)(136,647)— 
Net (loss) income attributable to Albemarle Corporation common shareholders
$(677,378)$(1,316,096)$1,573,476 
Denominator:
Weighted-average common shares for basic (loss) earnings per share117,664 117,516 117,317 
Basic (loss) earnings per share$(5.76)$(11.20)$13.41 
Diluted (loss) earnings per share
Numerator:
Net (loss) income attributable to Albemarle Corporation
$(510,628)$(1,179,449)$1,573,476 
Mandatory convertible preferred stock dividends(166,750)(136,647)— 
Net (loss) income attributable to Albemarle Corporation common shareholders
$(677,378)$(1,316,096)$1,573,476 
Denominator:
Weighted-average common shares for basic (loss) earnings per share117,664 117,516 117,317 
Incremental shares under stock compensation plans— — 449 
Weighted-average common shares for diluted (loss) earnings per share117,664 117,516 117,766 
Diluted (loss) earnings per share$(5.76)$(11.20)$13.36 
The following table summarizes the number of shares, calculated on a weighted average basis, not included in the computation of diluted (loss) earnings per share because their effect would have been anti-dilutive (in thousands):
Year Ended December 31,
202520242023
Shares assuming the conversion of the mandatory convertible preferred stock20,709 16,932 — 
Shares under the stock compensation plan1,413 1,064 158 
Included in the calculation of basic (loss) earnings per share are unvested restricted stock awards that contain nonforfeitable rights to dividends. At December 31, 2025, there were 13,625 unvested shares of restricted stock awards outstanding.
We have the authority to issue 15,000,000 shares of preferred stock in one or more classes or series. As of December 31, 2025, 2,300,000 shares of preferred stock have been issued.
In November 2016, our Board of Directors authorized an increase in the number of shares the Company is permitted to repurchase under our share repurchase program, pursuant to which the Company is now permitted to repurchase up to a maximum of 15,000,000 shares, including those previously authorized but not yet repurchased.
There were no shares of the Company’s common stock repurchased during the years ended December 31, 2025, 2024 or 2023. As of December 31, 2025, there were 7,396,263 remaining shares available for repurchase under the Company’s authorized share repurchase program.

Historical Timeline

Fiscal YearFiled
2025Feb 11, 2026Showing above
2024Feb 12, 2025
2023Feb 15, 2024
2022Feb 15, 2023
2021Feb 22, 2022
2020Feb 19, 2021
2019Feb 26, 2020
2018Feb 27, 2019
2017Feb 28, 2018
2016Feb 28, 2017
2015Feb 29, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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