Albemarle has posted a net income of $64.91m for the first quarter 2010, or $0.69 per diluted share, compared to $26.94m, or $0.28 per diluted share, for the prior year period. Operating income was $76.26m, compared to $28.92m for the year ago period.
Mark Rohr, chairman and CEO of Albemarle, said: “We achieved strong operating results and significantly improved year over year performance across our segments including record profitability for the Corporation and in our Catalysts and Polymer Solutions businesses.
“We benefited from improving trends in the markets served by our businesses and continued our keen focus on cost control and cash generation. Our disciplined efforts toward cost control, working capital and operating efficiency have positioned us well to post record results in 2010.”