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Element Solutions (ESI) - 2025 Q1 - Quarterly Results
2025-04-23 20:15
EXHIBIT 99.1 Element Solutions Inc Announces 2025 First Quarter Financial Results Executive Commentary President and Chief Executive Officer Benjamin Gliklich commented, "Element Solutions started 2025 strong. We grew profits, meaningfully reduced leverage, and continued to execute on breakthrough growth strategies. Our markets were similar to last year's – soft industrial demand with pockets of strength in high-value electronics niches, most particularly data centers and AI applications. Considering that b ...
Ahead of Element Solutions (ESI) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
ZACKS· 2025-04-22 14:20
In its upcoming report, Element Solutions (ESI) is predicted by Wall Street analysts to post quarterly earnings of $0.33 per share, reflecting a decline of 2.9% compared to the same period last year. Revenues are forecasted to be $586.13 million, representing a year-over-year increase of 1.9%.The consensus EPS estimate for the quarter has undergone a downward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their i ...
Element Solutions (ESI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2025-04-16 15:06
The market expects Element Solutions (ESI) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be relea ...
Element Solutions (ESI) Surges 10.7%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 13:35
Element Solutions (ESI) shares ended the last trading session 10.7% higher at $19.37. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 31.3% loss over the past four weeks.The rally in ESI was fueled by a broader rise in material stocks after President Trump paused reciprocal tariffs for most countries for 90 days.This specialty chemical and printing products is expected to post quarterly earnings of $0.33 per share ...
MacDermid Enthone Industrial Solutions Supports the Future of Automotive Engineering
Prnewswire· 2025-03-25 14:00
GAINESVILLE, Fla., March 25, 2025 /PRNewswire/ -- MacDermid Enthone Industrial Solutions, a leading manufacturer of chemical compounds utilized in surface finishing applications, today announced its commitment to sponsor The University of Florida's Formula Society of Automotive Engineers (FSAE) racing team, Gator Motorsports. This student organization designs, builds, and races a Formula-style racecar, competing against teams from across the United States at the FSAE Design Competition each year in Michigan ...
Why Is Element Solutions (ESI) Down 5% Since Last Earnings Report?
ZACKS· 2025-03-20 16:35
It has been about a month since the last earnings report for Element Solutions (ESI) . Shares have lost about 5% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Element Solutions due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since The ...
Element Solutions Completes Sale of MacDermid Graphics Solutions
ZACKS· 2025-03-04 12:15
Element Solutions Inc (ESI) has announced the completion of the sale of its flexographic printing plate business, MacDermid Graphics Solutions, to XSYS for an enterprise value of roughly $325 million. XSYS is a global specialist provider in the flexographic printing sector.An existing capital loss is expected to offset almost all of the taxable benefits from this transaction. The net proceeds are intended to be used to further reduce leverage and for general company objectives. The sale agreement was announ ...
Element Solutions: Gaining Market Share, But Guidance And Valuation Need Improvement
Seeking Alpha· 2025-02-28 04:51
Core Viewpoint - Element Solutions (NYSE: ESI) is positioned to benefit from growth opportunities in sectors such as semiconductor advanced packaging, particularly for AI-related semiconductors, data storage, electric vehicles (EVs), and vehicle light weighting [1] Group 1 - The company has a bullish outlook on its leverage to growth opportunities in the semiconductor industry, especially in advanced packaging for AI-related applications [1] - Element Solutions is also focusing on data storage and electric vehicles as key growth areas [1] - The emphasis on vehicle light weighting indicates a strategic alignment with trends in automotive efficiency and sustainability [1]
Element's Q4 Earnings in Line, Revenues Surpass Estimates
ZACKS· 2025-02-24 17:25
Core Insights - Element Solutions Inc. (ESI) reported earnings of 23 cents per share from continuing operations in Q4 2024, down from 32 cents in the same quarter last year, with adjusted earnings per share meeting the Zacks Consensus Estimate of 35 cents [1][2] Financial Performance - The company generated net sales of $624.2 million in Q4 2024, reflecting an 8.9% year-over-year increase and surpassing the Zacks Consensus Estimate of $603.9 million [2] - Adjusted EBITDA grew by 8% in the quarter [2] - For the full year 2024, earnings from continuing operations were $1 per share, up from 48 cents a year ago, with net sales increasing approximately 5.3% year over year to $2,456.9 million [4] Segment Performance - In the Electronics segment, net sales rose 14% year over year to $401.4 million, with organic net sales up 7%, exceeding the consensus estimate of $388.8 million [3] - The Industrial & Specialty segment saw net sales increase by 1% year over year to $222.8 million, with organic net sales up 3%, also above the consensus estimate of $214.9 million [3] Financial Position - ESI ended 2024 with cash and cash equivalents of $359.4 million, a 24.2% increase year over year, while long-term debt decreased by 5.6% to $1,813.6 million [5] - Cash from operating activities was $362 million in 2024, with free cash flow amounting to $294 million for the year [5] Outlook - For FY 2025, ESI expects adjusted EBITDA to be in the range of $520-$540 million and free cash flow conversion to be comparable year over year, with Q1 2025 adjusted EBITDA projected at approximately $125 million [6] Stock Performance - ESI's shares have gained 13.4% over the past year, contrasting with a 20.6% decline in the industry [7]
Element Solutions (ESI) - 2024 Q4 - Annual Report
2025-02-19 21:17
Sales Performance - In 2024, the company achieved sales of $2.46 billion, with the Electronics segment contributing approximately 64% and the Industrial & Specialty segment contributing approximately 36%[26]. - The Electronics segment's Assembly Solutions accounted for approximately 50% of its 2024 net sales, driven by increasing electronics usage across various markets[30]. - The Circuitry Solutions business represented approximately 30% of the Electronics segment's 2024 net sales, with growth expected from demand in wireless mobile devices and high-performance computing[31]. - The Semiconductor Solutions business contributed approximately 20% of the Electronics segment's 2024 net sales, with growth anticipated from advanced electronics packaging and artificial intelligence applications[32]. - The Industrial & Specialty segment's Industrial Solutions accounted for approximately 75% of its 2024 net sales, with growth driven by increased automobile production and economic growth[36]. - The Graphics Solutions business represented approximately 16% of the Industrial & Specialty segment's 2024 net sales, with growth expected from consumer demand for package imaging technologies[37]. Strategic Initiatives - The company entered into an agreement to sell its flexographic printing plate business for approximately $325 million, expected to close in Q1 2025[25]. - The company aims to pursue targeted acquisitions to strengthen its current businesses and expand product offerings[24]. - The company focuses on operational excellence and prudent capital allocation to drive long-term shareholder value[23]. - The company emphasizes customer-centric innovation to maintain market positions and drive profitable growth[22]. Research and Development - Research and development expenses totaled $63.0 million in 2024, including $3.9 million related to the Kuprion Acquisition[59]. - Approximately 40% of the company's over 5,300 full-time employees are research and development chemists and technical personnel[51]. - The company maintains an extensive intellectual property portfolio with approximately 2,900 domestic and foreign patents as of December 31, 2024[68]. - The company focuses on customer-driven innovation, developing new products based on customer needs and market opportunities[5]. Employee Safety and Culture - The company reduced lost time injury (LTI) rate by nearly 13% in 2024, demonstrating a commitment to employee safety[52]. - The company emphasizes a performance-driven culture with decentralized decision-making to enhance responsiveness to customer needs[50]. - The company operates a large number of small and medium-sized facilities close to customers, enabling efficient supply chain management[45]. - The company aims to increase gender diversity at the management level globally by 2027 as part of its diversity, equity, and inclusion initiatives[53]. Sustainability and Compliance - The company collaborates with governments, industry groups, and universities to develop sustainable solutions that meet environmental standards[43]. - The company is focused on developing sustainable chemistry and processes to align with climate-related regulations[72]. - Compliance with safety, health, and environmental regulations is expected to incur additional costs in the future due to increasing stringency[71]. - The company believes it is in material compliance with applicable environmental laws and regulations[73]. Financial Overview - The company’s business model generates stable, substantial free cash flow, allowing for disciplined capital allocation towards growth and shareholder returns[50]. - Total debt as of December 31, 2024, is $1.82 billion, including approximately $1.04 billion of variable interest rate debt[238]. - The company has a net interest rate of approximately 3.0% on term loans B-3 due to interest rate swaps[239]. - Approximately 77% of net sales in 2024 were generated outside of the U.S., exposing the company to foreign currency risk[241]. - The aggregate U.S. dollar notional amount of foreign currency forward contracts totaled $104 million, with a fair value of $0.9 million net current asset[242]. - The company has $55.3 million in metals futures contracts, with a fair value of $3.2 million net current asset[245]. - The company actively assesses foreign exchange risk exposure and may enter into hedges to mitigate such risks[242]. - Strategic sourcing initiatives are in place to mitigate commodity price risk, with some agreements allowing for cost pass-through to customers[244].