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 a globally recognized specialty chemicals company, dedicated to delivering high-performance technical solutions that enhance a wide range of everyday products. The company operates through two primary segments: Electronics and Industrial & Specialty.
In the Electronics segment, Element Solutions Inc. specializes in the research, formulation, and provision of advanced chemical materials and technologies used in electronics hardware. Their product offerings include electronic assembly materials, circuitry solutions, and semiconductor solutions. These products are critically integrated into industries such as mobile communications, computers, automobiles, and aerospace equipment.
The Industrial & Specialty segment encompasses a broad spectrum of chemical systems and solutions aimed at protecting and enhancing metal and plastic surfaces. This segment also offers consumable chemicals for the printing and image transfer on flexible packaging materials, and chemistries for water-based hydraulic control fluids in offshore energy production. The Industrial & Specialty segment generates a significant portion of the company's revenue.
Element Solutions Inc. has established itself as a leader through strategic partnerships and acquisitions. A notable example includes the recent acquisition of All-Star Chemical Company’s surface finishing and cleaning solutions, which bolsters the company’s portfolio and commitment to industry-leading service and partnerships.
Financially, Element Solutions Inc. is robust, continually investing in innovation and sustainability. Their latest achievements such as the launch of a redesigned website for MacDermid Enthone Industrial Solutions reflect their continuous effort towards providing a modern, user-friendly experience and reinforcing their commitment to innovation and sustainability.
Latest News:
- January 4, 2024: MacDermid Enthone Industrial Solutions, part of Element Solutions Inc., announced the acquisition of All-Star Chemical Company, enhancing their surface finishing technology portfolio.
- March 19, 2024: The company launched a newly redesigned website for MacDermid Enthone Industrial Solutions, emphasizing innovation, sustainability, and improved user experience.
Element Solutions (ESI) has raised its guidance for Q2 and FY2024 earnings. The company now expects an adjusted EBITDA of $135 million in Q2 2024 and between $530 million and $545 million for the full year, up from the previous guidance of $515 million to $530 million. CEO Benjamin Gliklich cited strong performance in the electronics sector, particularly in wafer level packaging and circuitry businesses, as key drivers. Despite a weaker industrial environment, ESI is on track to achieve record adjusted EBITDA since its founding in 2019. The company also updated its full-year adjusted EPS forecast to a range of $1.40 to $1.46.
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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