Albemarle Corporation provided earnings guidance for fiscal 2013. Looking forward to 2013 from a financial metrics perspective, the company expects CapEx to decline to somewhere between $150 million and $175 million. While lower than the past 2 years, these projected CapEx levels are still 50% to 75% higher than average annual spending levels during the 5-year period of 2005 to 2010, signaling that it still have good growth opportunities.

In 2013, it expects operating cash generation in the range of $500 million to $550 million and net debt to approach negative levels absent any significant share repurchases or acquisitions. While there's much uncertainty for 2013, the company expects to grow earnings in 2013 but expect the growth to come in the second half of the year.