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."
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.???
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.
SOURCE Albemarle Corporation
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