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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.43B | 5.1% |
Gross Profit | -11M | 127.2% |
Cost of Revenue | 1.44B | 9% |
Operating expense | 195M | 25.7% |
Net Income | -188M | 7787.8% |
EBITDA | -490M | 6743% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 18.4B | 3.4% |
Total Liabilities | 7.17B | 4.5% |
Total Equity | 11.2B | 2.7% |
Shares Outstanding | 118M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 363M | 270.5% |
Cash from investing | -450M | 9% |
Cash from financing | -113M | 107.2% |
EPS
Financial Highlights for Albemarle Corporation in Q2 '24
Albemarle Corporation reported a revenue of 1.43B, which is a 5.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -11M, marking a -127.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.44B, a 9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 195M, showing a -25.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -188M, showing a -7787.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -490M, showing a -6743% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Albemarle Corporation faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.