Albemarle reports 1Q earnings dipped to $43.1 million

May 7, 2015 5:13 PM

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Baton Rouge-based specialty chemicals maker Albemarle Corp. reports its first-quarter earnings dipped to $43.1 million, or 40 cents per share, compared to $56.6 million, or 71 cents per share, a year ago.

However, after adjusting for its Rockwood Holdings acquisition, including a higher value of Rockwood's inventory, Albemarle earned $127.2 million, or $1.17 per share. Adjusted earnings for the first quarter of 2014 were $78.4 million, or 98 cents per share.

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