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 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
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.
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