Welcome to our dedicated page for Element Solutions news (Ticker: ESI), a resource for investors and traders seeking the latest updates and insights on Element Solutions stock.
Element Solutions Inc (NYSE: ESI) is described in its own disclosures as a global and diversified specialty chemicals or specialty chemical technology company. Its news flow reflects this focus on specialized materials and technologies that support manufacturing in consumer electronics, power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing, consumer packaging in some descriptions, and offshore energy.
News about Element Solutions Inc often covers financial results and outlook, including quarterly earnings releases and guidance updates. The company files Form 8-K reports to furnish press releases on its results and to discuss non-GAAP measures such as adjusted EBITDA. Investors following ESI can use these updates to track trends in its Electronics and Specialties (formerly Industrial & Specialty) segments and to see how management characterizes demand in key end markets.
Another recurring theme in Element Solutions news is capital allocation and corporate actions. The company has announced quarterly cash dividends on its common stock and has communicated plans for debt financing, such as an add-on to an existing senior secured term loan B, with stated intentions to fund acquisitions. These items appear alongside commentary on leverage, cash flow, and other financial considerations in the company’s own materials.
Element Solutions also issues news about strategic acquisitions and portfolio evolution. Recent releases describe a completed acquisition of EFC Gases & Advanced Materials, which brings high-purity specialty and rare gases and advanced materials into the Specialties segment, and a signed agreement to acquire Micromax, a business providing advanced electronic inks and pastes that is expected to join the MacDermid Alpha Electronics Solutions business within the Electronics segment upon closing. Conference participation announcements and investor event schedules provide additional context for how the company engages with the investment community.
For readers and investors, the ESI news feed offers a centralized view of these developments, from earnings and dividends to acquisitions and segment updates, based on information directly released by the company and referenced in its SEC filings.
Element Solutions (NYSE: ESI) announced a quarterly cash dividend of $0.08 per share.
This dividend will be paid on June 14, 2024, to shareholders on record as of May 31, 2024.
Element Solutions Inc reported net sales of $575 million for the first quarter of 2024, showing a 1% increase organically. Adjusted EBITDA increased by 13%, reaching $127 million. The Company raised its full year 2024 adjusted EBITDA guidance to $515 million to $530 million. The electronics segment grew by 3%, while industrial & Specialty decreased by 4%. Reported net income increased to $56 million from $43 million last year. EPS performance improved, with GAAP diluted EPS at $0.23 and adjusted EPS at $0.34. The Company remains optimistic about the recovery in electronics markets despite economic challenges in some regions.
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