Element Solutions Inc Stock Price, News & Analysis

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.

Element Solutions Inc (NYSE: ESI) has declared a quarterly cash dividend of $0.08 per share for its common stock. This dividend will be paid on September 13, 2024 to stockholders of record as of the close of business on August 30, 2024. The announcement demonstrates the company's commitment to returning value to shareholders through regular dividend payments. This quarterly dividend aligns with Element Solutions' previous dividend distributions, maintaining consistency in its shareholder remuneration policy.

Element Solutions Inc (NYSE:ESI) reported strong Q2 2024 financial results, with net sales of $613 million, up 5% year-over-year. Reported net income surged 213% to $93 million, while adjusted EBITDA increased 16% to $135 million. The Electronics segment saw a 10% net sales increase, driven by high-performance computing, data centers, and semiconductor fabrication demand. Despite subdued global industrial markets, ESI achieved substantial margin expansion due to favorable product mix and lower raw material costs.

The company raised its full-year 2024 adjusted EBITDA guidance to $530-$545 million, representing approximately 15% constant currency growth at the midpoint. ESI expects free cash flow between $280-$300 million for 2024. CEO Benjamin Gliklich expressed confidence in several years of record earnings ahead, citing the ongoing multi-year recovery in electronics markets and strong strategic execution.

Element Solutions Inc (NYSE:ESI) has announced its participation in the KeyBanc Capital Markets' Technology Leadership Forum in Vail, Colorado. The company's CEO, Benjamin Gliklich, will engage in a fireside chat and Q&A session on Monday, August 5, 2024, at 2:30 p.m. MDT.

Investors and interested parties can access a live audio webcast of the discussion through the company's website. Additionally, a replay of the session will be available in the Investors section of www.elementsolutionsinc.com. This event provides an opportunity for Element Solutions to showcase its leadership in the technology sector and engage with industry professionals and investors.