Attached files
Exhibit 99.6
Albemarle Corporation and Subsidiaries
EARNINGS PER DILUTED SHARE EXCLUDING SPECIAL ITEMS – QUARTERLY – AS PREVIOUSLY REPORTED
(In Thousands, Except Per Share Amounts; Unaudited)
| 2012 | 2011 | |||||||||||||||||||||||||||
| 1st Quarter | 2nd Quarter | 3rd Quarter | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | ||||||||||||||||||||||
| Net income attributable to Albemarle Corporation |
$ | 108,043 | $ | 37,732 | $ | 99,261 | $ | 106,580 | $ | 114,159 | $ | 116,098 | $ | 99,443 | ||||||||||||||
| Diluted earnings per share |
1.20 | 0.42 | 1.10 | 1.15 | 1.23 | 1.28 | 1.11 | |||||||||||||||||||||
| Special items per share |
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| Restructuring and other charges (a) |
— | 0.82 | 0.05 | — | — | — | — | |||||||||||||||||||||
| Discrete net tax benefits (b) |
— | — | (0.05 | ) | — | — | — | — | ||||||||||||||||||||
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| Diluted earnings per share excluding special items |
$ | 1.20 | $ | 1.24 | $ | 1.10 | $ | 1.15 | $ | 1.23 | $ | 1.28 | $ | 1.11 | ||||||||||||||
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| (a) | The quarter ended June 30, 2012 included charges amounting to $94.7 million ($73.6 million after income taxes, or $0.82 per share) in connection with our exit of the phosphorus flame retardants business. |
The quarter ended September 30, 2012 included $4.1 million, or $0.05 per share, in after-tax charges ($6.5 million before tax) related to a SERP settlement.
| (b) | The quarter ended September 30, 2012 included $4.5 million, or $0.05 per share, of net tax benefits related principally to the release of various tax reserves. |
EARNINGS PER DILUTED SHARE EXCLUDING SPECIAL ITEMS – QUARTERLY – AS ADJUSTED
(In Thousands, Except Per Share Amounts; Unaudited)
| 2012 | 2011 | |||||||||||||||||||||||||||
| 1st Quarter | 2nd Quarter | 3rd Quarter | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | ||||||||||||||||||||||
| Net income attributable to Albemarle Corporation |
$ | 114,262 | $ | 50,089 | $ | 109,459 | $ | 111,061 | $ | 114,843 | $ | 120,662 | $ | 45,548 | ||||||||||||||
| Diluted earnings per share |
1.27 | 0.56 | 1.22 | 1.20 | 1.24 | 1.33 | 0.51 | |||||||||||||||||||||
| Special items per share |
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| Non-operating pension and OPEB adjustments (a) |
(0.02 | ) | (0.09 | ) | (0.02 | ) | (0.02 | ) | 0.02 | (0.02 | ) | 0.63 | ||||||||||||||||
| Restructuring and other charges (b) |
— | 0.82 | — | — | — | — | — | |||||||||||||||||||||
| Discrete net tax benefits (c) |
— | — | (0.05 | ) | — | — | — | — | ||||||||||||||||||||
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| Diluted earnings per share excluding special items (d) |
$ | 1.25 | $ | 1.28 | $ | 1.15 | $ | 1.18 | $ | 1.26 | $ | 1.30 | $ | 1.13 | ||||||||||||||
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| (a) | Non-operating pension and OPEB adjustments for the quarter ended March 31, 2012 included net benefits amounting to $2.7 million ($1.7 million after income taxes, or $0.02 per share) that related to interest costs and expected return on assets. |
Non-operating pension and OPEB adjustments for the quarter ended June 30, 2012 included net benefits amounting to $13.3 million ($8.4 million after income taxes, or $0.09 per share) that related to pension and OPEB plan actuarial net gains as well as interest costs and expected return on assets.
Non-operating pension and OPEB adjustments for the quarter ended September 30, 2012 included net benefits amounting to $2.9 million ($1.8 million after income taxes, or $0.02 per share) that related to interest costs and expected return on assets.
Non-operating pension and OPEB adjustments for the quarter ended March 31, 2011 included net benefits amounting to $3.3 million ($2.1 million after income taxes, or $0.02 per share) that related to interest costs and expected return on assets.
Non-operating pension and OPEB adjustments for the quarter ended June 30, 2011 included net charges amounting to $3.2 million ($2.0 million after income taxes, or $0.02 per share) that related to pension and OPEB plan actuarial net losses as well as interest costs and expected return on assets.
| Exhibit 99.6 | ||
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Albemarle Corporation and Subsidiaries |
Non-operating pension and OPEB adjustments for the quarter ended September 30, 2011 included net benefits amounting to $3.2 million ($2.0 million after income taxes, or $0.02 per share) that related to interest costs and expected return on assets.
Non-operating pension and OPEB adjustments for the quarter ended December 31, 2011 included net charges amounting to $89.1 million ($56.3 million after income taxes, or $0.63 per share) that related to pension and OPEB plan actuarial net losses as well as interest costs and expected return on assets.
| (b) | The quarter ended June 30, 2012 included charges amounting to $94.7 million ($73.6 million after income taxes, or $0.82 per share) in connection with our exit of the phosphorus flame retardants business. |
| (c) | The quarter ended September 30, 2012 included $4.5 million, or $0.05 per share, of net tax benefits related principally to the release of various tax reserves. |
| (d) | Totals may not add due to rounding. |