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 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.
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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
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
Element Solutions Inc (NYSE:ESI) announced that CEO Benjamin Gliklich will participate in a fireside chat at the Morgan Stanley Global Chemicals, Agriculture and Packaging Conference in Boston, MA on November 8, 2022, at 8:45 a.m. ET. A live webcast of the Q&A session will be accessible in the Investors section of www.elementsolutionsinc.com.
Element Solutions is a leading specialty chemicals company providing innovative solutions across various industries, enhancing product performance.
Element Solutions Inc (NYSE:ESI) reported third quarter 2022 net sales of $619 million, flat year-over-year, but up 5% organically. The company achieved a GAAP diluted EPS of $0.22, compared to $0.15 in Q3 2021, and adjusted EPS of $0.36 versus $0.34. Net income rose to $53 million from $36 million. Adjusted EBITDA was $134 million, reflecting an 11% increase on a constant currency basis. Despite macro challenges, the company anticipates full-year adjusted EBITDA between $525 million and $530 million, with a lower Q4 outlook.