Element Solutions Inc Stock Price, News & Analysis

Element Solutions Inc (NYSE:ESI) reported strong financial results for 2024, with net sales reaching $2.46 billion, a 5% increase from 2023. The company achieved record adjusted EBITDA of $535 million, up 11% from the previous year, and reported net income of $245 million, a 107% increase from 2023.

The Electronics segment showed significant growth with net sales increasing 10% to $1.56 billion, while Industrial & Specialty segment saw a 3% decrease to $896 million. The company generated $362 million in operating cash flows and achieved record free cash flow of $294 million.

Looking ahead, Element Solutions provided 2025 guidance, projecting adjusted EBITDA between $520-540 million. The company expects to close the sale of its Graphics business in Q1 2025 for approximately $325 million, which will impact 2025 adjusted EBITDA by approximately $30 million.

Element Solutions Inc (NYSE: ESI) has announced a quarterly cash dividend declaration. The company's board approved a dividend payment of $0.08 per share of common stock. Shareholders who are recorded as stockholders at the close of business on March 3, 2025, will receive the dividend payment on March 17, 2025.

Element Solutions Inc (NYSE:ESI) has scheduled its 2024 fourth quarter and full year earnings release for Tuesday, February 18, 2025, after market close. The company will host a webcast/dial-in conference call to discuss the financial results on Wednesday, February 19, 2025, at 8:30 a.m. Eastern Time.

CEO Benjamin Gliklich and CFO Carey J. Dorman will participate in the call. Investors can join via telephone at 888-510-2346 (domestic) or 646-960-0111 (international) using Conference ID: 3799230. A simultaneous webcast will be available on the company's website, with a replay accessible afterward.

Element Solutions (NYSE:ESI) announced that CEO Benjamin Gliklich will participate in a fireside chat at the UBS Global Technology and AI Conference in Scottsdale, AZ on December 3, 2024, at 7:35 a.m. MST. The company will provide a live audio webcast of the discussion and make a replay available on their investor relations website.

Element Solutions (NYSE: ESI) has announced a quarterly cash dividend of $0.08 per share for Q4. The dividend will be distributed on December 16, 2024, to shareholders recorded as of the close of business on December 2, 2024.

Element Solutions (NYSE:ESI) reported strong Q3 2024 financial results with net sales of $645 million, up 8% year-over-year, and 6% organic growth. The company posted a net income of $40 million compared to a loss of $32 million in Q3 2023. Adjusted EBITDA reached $143 million, increasing 6%. The Electronics segment led growth with a 14% increase in net sales to $419 million, while Industrial & Specialty saw a 3% decrease to $226 million. The company announced the sale of MacDermid Graphics Solutions for $325 million and updated its full-year 2024 adjusted EBITDA guidance to $535-540 million.

Element Solutions Inc (NYSE:ESI) has announced the release date for its 2024 third quarter financial results. The company plans to disclose these results after the market closes on Monday, October 28th, 2024. Following this, Element Solutions will host a webcast/dial-in conference call to discuss the financial outcomes on Tuesday, October 29th, 2024, at 8:30 a.m. (Eastern Time).

The call will feature CEO Benjamin Gliklich and CFO Carey J. Dorman. Interested parties can join the call by dialing 888-510-2346 (domestic) or 646-960-0111 (international) and using the Conference ID: 3799230. Alternatively, the call will be webcast live on the company's website. A replay will be available shortly after the live call concludes.

Element Solutions Inc (NYSE:ESI) has announced an agreement to sell its MacDermid Graphics Solutions business to XSYS for an enterprise value of approximately $325 million. This sale represents substantially all of Element Solutions' Graphics Solutions reporting vertical. The transaction is expected to close in late 2024 or the first half of 2025, subject to customary conditions and regulatory approvals.

Key points:

• Net proceeds will be used to reduce leverage and for general corporate purposes
• An existing capital loss should offset nearly all taxable gains from the transaction
• The sale aligns with Element Solutions' strategy to focus on its core markets
• The company expects improved growth and cash flow conversion post-sale

Element Solutions Inc (NYSE:ESI) has announced its participation in the UBS Global Materials Conference in New York. CEO Benjamin Gliklich will engage in a fireside chat on September 4, 2024, at 12:10 p.m. EDT. This event presents an opportunity for investors and industry analysts to gain insights into the company's strategies and market position.

The company will provide a live audio webcast of the discussion, which will be accessible through the Investors section of Element Solutions' official website. For those unable to attend or listen live, a replay of the webcast will also be made available on the same platform, ensuring wide accessibility to the company's presentation.