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Albemarle Introduces 2024 Financial Targets

Albemarle Corp. (ALB) outlined cost reduction initiative to deliver $100 million in annualized run-rate savings by 2021. It introduced 2024 financial targets.

"... We are confident in our ability to drive long-term value for stakeholders given our competitive advantages as we execute a clear strategy focused on growth and efficiency to generate significant cash." said Luke Kissam, Albemarle CEO.

For 2024, the company expects revenue to be in the range of $4.4 billion - $5.0 billion. It expects 5% annual dividend growth.

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