After announcing it will be altering its operations to cut cost, Albermarle reported a Q4 net income of $13.1 million (14 cents a share), down from $58.6 million (60 cents a share) 1 year ago.
Albemarle said on 4/21 that its first-quarter profit rose 9 percent on strong results from the company's catalysts business segment.
Albemarle plans to acquire Sorbent Technologies Corp., a provider of mercury emissions control technology, for about $20 million in cash.
Goldman Sachs upgraded Albemarle from "neutral" to "buy", providing a short term lift to its stock price.