Albemarle
Q4 2022 Earnings Call
Feb 16, 2023, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, welcome to the Albemarle Corporation Q4 2022 earnings call. My name is Glenn, and I'll be the moderator for today's call. [Operator instructions] I will now hand you over to your host, Meredith Bandy, vice president of investor relations and sustainability. Meredith, please go ahead.
Meredith Bandy -- Vice President, Investor Relations and Sustainability
All right. Thank you, Glenn, and welcome, everyone, to Albemarle's fourth quarter and full year 2022 earnings conference call. Our earnings were released after the close of market yesterday, and you will find the press release and earnings presentation posted to our website under the investors section at albemarle.com. Joining me on the call today are Kent Masters, chief executive officer; and Scott Tozier, chief financial officer.
Raphael Crawford, president of Ketjen; Netha Johnson, president of specialties; and Eric Norris, president of energy storage, are also available for Q&A. I'll note that today's call will be limited to 30 minutes, shorter than our usual quarterly updates since we just held an in-depth update about three weeks ago. The replay of that webcast is available on our website. As a reminder, some of the statements made during this call, including our outlook, guidance, expected company performance, and timing of the expansion projects may constitute forward-looking statements.
Please note the cautionary language about forward-looking statements contained in our press release and earnings presentation that same language applies to this call. I'll also note that some of our comments today refer to non-GAAP financial measures. A reconciliation to GAAP financial measures can be found in our earnings release and the appendix of our earnings presentation. With that, I'll turn the call over to Ken.
Kent Masters -- President, Chairman, and Chief Executive Officer
Thanks, Meredith. Good morning, and thank you for joining us today. I'll start by highlighting that our fourth quarter results were exceptional with close to triple the net sales from the same period in 2021 and adjusted EBITDA up more than 400% year over year. And while rising lithium pricing contributed to these results, we also saw significant increased volume growth.
Scott will go into the financial details for the quarter and the year. We are confident in our assessment of the market opportunity for our essential elements and equally confident of our ability to seize that opportunity. We anticipate net sales growth of 55% to 75% for 2023. Our strategy is not just to maintain but to build on our global leadership in both energy storage and specialties, and we continue to invest in both capacity and innovation to make that happen.