Element Solutions Inc reports developments as a global and diversified specialty chemicals technology company serving electronics and industrial markets. Its businesses formulate specialty chemicals, process technologies and assembly materials used in consumer electronics, power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing and offshore energy.
Recurring ESI news centers on operating and financial results, segment performance in Electronics and Specialties, cash dividends, capital-structure actions and governance updates. Company updates also cover portfolio changes such as the completed sale of MacDermid Graphics Solutions and financing activity tied to specialty materials acquisitions.
Element Solutions (NYSE: ESI) has announced its participation in several electronics-focused conferences in June 2024. CEO Benjamin Gliklich will attend the Mizuho Technology Conference on June 12 in New York City, where he will join a fireside chat and hold one-on-one meetings. On June 17, Gliklich will join a virtual fireside chat at CL King’s Advanced Electronics Seminar. Additionally, a webcast Electronics Q&A session will take place on June 18, featuring other leaders from Element Solutions’ Electronics segment. This session will be hosted by BofA Securities and will include a tour of an R&D site in Piscataway, NJ. Details for the chats and presentation slides will be available on the company's website.
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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