Element Solutions Inc Stock Price, News & Analysis

Element Solutions reported net sales of $574 million for Q1 2023, a 16% decrease year-over-year, with organic sales down 7%. GAAP diluted EPS was $0.18, down from $0.23, and adjusted EPS fell to $0.30 from $0.38. Net income declined to $43 million from $56 million, while adjusted EBITDA decreased 22% to $112 million. The company's electronics segment faced a significant 23% decline in sales, attributed to ongoing weakness in the smartphone sector and disappointing recovery in China post-COVID lockdowns. Guidance for Q2 adjusted EBITDA is set at $120 million, with full-year projections now at the lower end of previous guidance. Despite current challenges, management anticipates sequential earnings growth and aims to efficiently manage its portfolio to preserve profitability.

Element Solutions Inc (NYSE:ESI) plans to release its 2023 first quarter financial results after market close on April 26, 2023. Following the earnings announcement, the company will host a webcast conference call at 8:30 a.m. Eastern Time on April 27, 2023. Key executives, including Executive Chairman Sir Martin E. Franklin, CEO Benjamin Gliklich, and CFO Carey J. Dorman, will discuss the financial results. Investors can participate by dialing 888-510-2346 domestically or 646-960-0111 internationally, using Conference ID: 3799230. The call will also be available online at www.elementsolutionsinc.com. A replay will be accessible shortly after the call concludes.

Element Solutions Inc (NYSE:ESI) announced that its President and CEO, Benjamin Gliklich, will participate in a fireside chat at the Bank of America 2023 Global Agriculture and Materials Conference in Fort Lauderdale, FL. The event is scheduled for Wednesday, March 1, 2023, at 8:50 a.m. ET.

A live webcast will be available on the Investors section of www.elementsolutionsinc.com.

Element Solutions is a specialty chemicals company providing solutions across various industries, enhancing manufacturing processes for products like consumer electronics and automotive systems.

Element Solutions Inc (NYSE:ESI) reported 2022 net sales of $2.55 billion, a 6% increase from 2021, driven by organic growth of 5%. The company achieved a GAAP diluted EPS of $0.75, down from $0.82 in 2021, while adjusted EPS improved by 2% to $1.41. Despite a decline in net income to $186 million and adjusted EBITDA of $527 million, an 8% increase was noted on a constant currency basis. Looking ahead, 2023 guidance suggests adjusted EBITDA will remain approximately flat, with projected adjusted EPS of $1.40 to $1.43.

Element Solutions Inc (NYSE: ESI) has declared a quarterly cash dividend of $0.08 per share, set to be paid on March 15, 2023. Shareholders on record as of March 1, 2023 will receive this dividend. This move reflects the company's ongoing commitment to returning value to its shareholders. As a leader in the specialty chemicals sector, Element Solutions provides a diverse range of solutions that enhance product performance in various key industries, including consumer electronics and automotive systems.

Element Solutions (NYSE:ESI) announced it will release 2022's fourth quarter and full year financial results on February 21, 2023, after market close. A conference call is scheduled for February 22, 2023, at 8:30 a.m. ET, featuring CEO Benjamin Gliklich and CFO Carey J. Dorman. Investors can dial in at 888-510-2346 (domestic) or 646-960-0111 (international) with Conference ID: 3799230. The call will be available via webcast at www.elementsolutionsinc.com. A replay will also be accessible after the call.

Element Solutions Inc (NYSE: ESI) announced a quarterly cash dividend of $0.08 per share, payable on December 15, 2022, to stockholders on record as of December 1, 2022. This dividend reflects the company's commitment to returning value to its shareholders. Element Solutions Inc is a leading specialty chemicals company that provides innovative solutions across several industries. For more information, visit www.elementsolutionsinc.com.