Element Solutions Inc Stock Price, News & Analysis

Element Solutions Inc (NYSE:ESI) announced that CEO Benjamin Gliklich will participate in a virtual presentation at the Bank of America 2021 Global Agriculture and Materials Conference on March 3, 2021, at 8:00 a.m. ET. A live webcast will be available in the Investors section of www.elementsolutionsinc.com, where presentation slides will also be provided. The company specializes in supplying innovative specialty chemical solutions across various industries, enhancing product performance in everyday applications.

Element Solutions Inc (NYSE: ESI) announced a quarterly cash dividend of $0.05 per share, payable on March 15, 2021, to stockholders of record by the close of business on March 1, 2021. The company's board is optimistic about maintaining a dividend strategy to provide shareholder value. As a prominent player in the specialty chemicals sector, Element Solutions offers innovative solutions across various industries, including electronics and automotive.

Element Solutions Inc (NYSE:ESI) plans to release its 2020 fourth quarter and full year financial results after market close on February 24, 2021. A conference call to discuss these results will take place at 8:30 a.m. ET on February 25, 2021, with key executives including Executive Chairman Sir Martin E. Franklin and CEO Benjamin Gliklich participating. The call will be accessible via telephone and webcast, with replays available shortly after the live event.

Element Solutions (NYSE:ESI) announced that CEO Benjamin Gliklich will present at the CJS Securities 21st Annual New Ideas for the New Year Conference on January 13th at 8:00 a.m. ET. The discussion will cover the company's recent performance and other relevant topics. A live webcast and Q&A will be available in the Investors section of their website, along with presentation slides beforehand.

Element Solutions specializes in specialty chemicals that enhance product performance across various industries, including electronics, automotive, and energy.

Element Solutions Inc (NYSE:ESI) has updated its Q4 2020 financial guidance, raising expected adjusted EBITDA to approximately $118 million from a previous range of $90 million to $95 million. Full-year adjusted EBITDA is projected at $415 million, indicating growth in adjusted earnings per share and free cash flow compared to the previous year. The company's robust performance is fueled by strong demand in electronics and automotive sectors, underpinned by a highly-variable cost model and favorable market dynamics.

Element Solutions Inc (NYSE: ESI) has declared an initial quarterly cash dividend of $0.05 per share, set for payment on December 15, 2020, to stockholders of record as of November 25, 2020. CEO Benjamin Gliklich emphasized that initiating a dividend in 2020 showcases the resilience of their business model and cash flows, maintaining that the dividend will not hinder their capital deployment capabilities. The company has demonstrated consistent cash flow generation exceeding internal requirements, indicating confidence in ongoing growth.

Element Solutions Inc (NYSE:ESI) reported financial results for Q3 2020, showing net sales of $478 million, a 3% increase from Q3 2019. The electronics segment saw a 10% rise in sales, while the industrial & specialty sector declined by 8%. GAAP EPS was $0.15 compared to a loss of $0.02 in Q3 2019. Adjusted EBITDA totaled $102 million, down 12%, with margins decreasing 350 basis points. The company anticipates Q4 adjusted EBITDA between $90 million and $95 million, and commits to a quarterly dividend of $0.05 per share, approximately 20% of its annual free cash flow forecast of $215 million.

Element Solutions Inc (NYSE:ESI) plans to release its Q3 2020 financial results post-market on October 27, 2020. A conference call will be held on October 28, 2020, at 8:30 a.m. ET, featuring Executive Chairman Sir Martin E. Franklin, CEO Benjamin Gliklich, and CFO Carey J. Dorman. Investors can join by dialing 866-342-8591 or 203-518-9713 (international) and using Conference ID: ESIQ320. The call will also be available via webcast on the company’s website.

Element Solutions Inc (NYSE:ESI) has repurchased 1,500,000 shares from Nicolas Berggruen at a price of $11.50 per share. In addition, Executive Chairman Sir Martin E. Franklin acquired 500,000 shares, while other investors bought the remaining shares of Berggruen. Franklin highlighted the company's exceptional performance over the past 18 months, with strong cash flows and market outperformance despite macroeconomic challenges. He expressed confidence in the future direction of Element Solutions and welcomed the new long-term investors.