First-time appearance highlights company's
continued growth and success
CHARLOTTE, N.C., June 5, 2023
/PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global
leader in providing essential elements for mobility, energy,
connectivity, and health, today announced it has been named a
Fortune 500 company. The Fortune 500 list is assembled annually by
Fortune magazine and ranks the largest companies in the United States based on their total
revenues.
As Albemarle continues to
expand its global footprint and capitalize on emerging
opportunities, the company's inclusion on the Fortune 500 list
signals its increasing leadership role in the sector as a growth
company to watch.
"It is an honor to be included in the prestigious Fortune 500
list," said Kent Masters, Chief
Executive Officer of Albemarle.
"We are grateful for our loyal customers who have allowed us to
achieve this milestone, and we are proud of our employees who have
worked exceptionally hard to grow our company. We are committed to
driving sustainable growth and delivering superior results while
maintaining our commitment to enable a more resilient
world."
Albemarle's company profile on
the Fortune 500 can be found on Fortune's website. For more
information about Albemarle Corporation, please visit
www.albemarle.com.
FORTUNE 500 Methodology:
Companies are ranked by total revenues for their respective fiscal
years. Included in the survey are companies that are incorporated
in the U.S. and operate in the U.S. and file financial statements
with a government agency. This includes private companies and
cooperatives that file a 10-K or a comparable financial statement
with a government agency, and mutual insurance companies that file
with state regulators. It also includes companies that file with a
government agency but are owned by private companies, domestic or
foreign, that do not file such financial statements. Excluded are
private companies not filing with a government agency; companies
incorporated outside the U.S.; and U.S. companies consolidated by
other companies, domestic or foreign, that file with a government
agency. Also excluded are companies that failed to report full
financial statements for at least three-quarters of the current
fiscal year. Percent change calculations for revenue, net income,
and earnings per share are based on data as originally reported.
They are not restated for mergers, acquisitions, or accounting
changes. The only changes to the prior years' data are for
significant restatement due to reporting errors that require a
company to file an amended 10-K.
About Albemarle
Albemarle Corporation (NYSE: ALB) leads the world in transforming
essential resources into critical ingredients for mobility, energy,
connectivity, and health. We partner to pioneer new ways to move,
power, connect and protect with people and planet in mind. A
reliable and high-quality global supply of lithium and bromine
allow us to deliver advanced solutions for our customers. Learn
more about how the people of Albemarle are enabling a more resilient world
at albemarle.com and on Twitter @AlbemarleCorp.
Albemarle regularly posts
information to our website, including notification of events, news,
financial performance, investor presentations and webcasts,
non-GAAP reconciliations, SEC filings and other information
regarding the company, its businesses, and the markets we
serve.
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SOURCE Albemarle Corporation