Financial Performance - Net income for Q3 2024 was $40.4 million, compared to a loss of $31.7 million in Q3 2023, marking a significant turnaround [10]. - Total comprehensive income for Q3 2024 was $81.6 million, while Q3 2023 reported a comprehensive loss of $57.0 million [11]. - The company reported a net income of $189.7 million for the nine months ended September 30, 2024, significantly higher than $41.0 million for the same period in 2023 [14]. - The net income for the three months ended September 30, 2024, was $40.3 million, compared to a net loss of $31.8 million for the same period in 2023, indicating a significant turnaround [17]. - For the nine months ended September 30, 2024, net income was reported at $189.5 million, a significant increase from the previous year's performance [18]. - Basic earnings per share for the nine months ended September 30, 2024, was $0.77, up from $0.16 in the same period of 2023 [61]. Cash and Assets - Cash and cash equivalents increased to $376.0 million as of September 30, 2024, up from $289.3 million at the end of 2023 [14]. - Total assets rose to $5,098.2 million in Q3 2024, compared to $4,974.1 million at the end of 2023 [13]. - Goodwill decreased to $2,220.2 million as of September 30, 2024, down from $2,336.7 million at the end of 2023 [13]. - The total number of common shares outstanding increased to 267,133,844 as of September 30, 2024, from 266,130,782 as of June 30, 2023 [17]. - As of September 30, 2024, total stockholders' equity increased to $2,439.3 million from $2,373.1 million at June 30, 2024, reflecting a growth of approximately 2.8% [16]. Liabilities and Debt - Total liabilities increased slightly to $2,643.5 million in Q3 2024 from $2,629.8 million at the end of 2023 [13]. - The Company recorded a total debt of $1,926.2 million as of September 30, 2024, slightly down from $1,932.5 million at the end of 2023 [37]. - The Company’s total long-term debt was $1,914.7 million as of September 30, 2024, compared to $1,921.0 million at the end of 2023, reflecting a decrease of 0.3% [37]. Income and Expenses - The Company recognized an income tax expense of $36.8 million for the three months ended September 30, 2024, compared to $15.3 million in the same period for 2023 [69]. - The income tax expense for the nine months ended September 30, 2024, included a benefit from the release of valuation allowances of $38.8 million against certain U.K. tax attribute carryforwards [70]. - The Company completed an internal restructuring that resulted in a non-recurring tax expense of $13.6 million during the third quarter of 2024 [69]. Sales and Revenue - Total net sales for the three months ended September 30, 2024, were $645.0 million, an increase from $599.3 million in the same period for 2023, representing an increase of approximately 7.5% [75]. - Adjusted EBITDA for the three months ended September 30, 2024, was $142.7 million, compared to $134.1 million in the same period for 2023, reflecting a growth of about 6.4% [75]. - The Electronics segment reported net sales of $419.1 million for the three months ended September 30, 2024, up from $367.0 million in the same period for 2023, marking an increase of approximately 14.2% [75]. - The Industrial & Specialty segment had net sales of $225.9 million for the three months ended September 30, 2024, down from $232.3 million in the same period for 2023, a decrease of about 2.8% [75]. Other Financial Metrics - The company declared dividends of $0.08 per share, totaling $19.5 million for the quarter ended September 30, 2024 [16]. - The accumulated deficit decreased to $(1,052.4) million as of September 30, 2024, from $(1,073.2) million at June 30, 2024, showing an improvement in financial health [16]. - The fair value of the company's long-term debt was estimated at $1.91 billion as of September 30, 2024 [59]. - The company held commodity derivative contracts with a notional amount of $76.8 million as of September 30, 2024 [55]. - The fair value of cross-currency swaps was a net asset of $0.9 million as of September 30, 2024 [51]. Business Operations - The Company agreed to sell its flexographic printing plate business, MacDermid Graphics Solutions, for approximately $325 million, expected to close in Q4 2024 or H1 2025 [26]. - As of September 30, 2024, total assets held for sale from MacDermid Graphics Solutions amounted to $261.4 million, including $130.4 million in goodwill [28]. - The Company achieved a product qualification milestone related to the Kuprion Acquisition, resulting in a $3.9 million R&D expense [36]. - The Company recorded depreciation expenses of $10.0 million for Q3 2024, compared to $11.8 million for Q3 2023, indicating a decrease of 15.3% [30]. - Amortization expenses on intangible assets were $29.4 million for Q3 2024, down from $32.7 million for Q3 2023, a reduction of 10.1% [35]. Legal and Environmental Matters - The Company is involved in various legal proceedings but believes that their resolutions will not have a material adverse effect on its consolidated financial position [67]. - The Company's environmental liabilities totaled $10.8 million and $11.3 million as of September 30, 2024, and December 31, 2023, respectively, primarily due to environmental remediation and monitoring costs [64]. - An impairment charge of $80.0 million was recorded for the Industrial & Specialty segment due to a goodwill impairment test conducted in Q3 2023 [60].

Financial Data and Key Metrics Changes - The company reported 6% organic sales growth and constant currency adjusted EBITDA growth of 8% for Q3 2024 [12][20] - Gross margins improved year-over-year in both segments, benefiting from a favorable mix in electronics and raw material cost actions in the Industrial and Specialty segment [12][14] - The strengthening U.S. dollar negatively impacted total company net sales and adjusted EBITDA by approximately 1% and 2%, respectively, year-over-year [13] Business Line Data and Key Metrics Changes - The Electronics segment grew 9% organically, driven by standout volume growth in wafer level packaging and semiconductor assembly [7][13] - Circuitry Solutions also grew over 9% organically, supported by demand for data storage and circuit boards for high-performance computing [7][14] - The Industrial and Specialty segment experienced flat organic sales, with profitability improving due to raw material cost actions and strength in the energy business, which grew sales by double digits [8][19] Market Data and Key Metrics Changes - The electronics market showed mixed performance, with smartphone sales growth not accelerating as expected and industrial applications remaining soft [7][22] - The company noted that the Chinese EV market had a positive impact on its Circuitry business, although the overall automotive demand weakened [30][34] Company Strategy and Development Direction - The company is focusing on high-value and fast-growing segments of the electronic supply chain, positioning itself as a key enabler of developing technologies [6][10] - A divestiture of the Graphic Solutions business was announced, which is expected to be accretive to growth, margin, and return on capital [9] - The company is investing in new technologies and expanding its applications and research centers in Southeast and sub-continental Asia [11][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth algorithm for the company, anticipating broader-based growth in electronics end markets in 2025 [22][23] - The outlook for the Industrial and Specialty segment reflects a seasonally softer period of activity, with macroeconomic uncertainties acknowledged [22][23] - The company is well-positioned for another record year in 2025, supported by a strong balance sheet and strategic opportunities [23][24] Other Important Information - The company generated $86 million of free cash flow in Q3 2024 and remains on track to deliver $280 million to $300 million for the full year [20] - The trailing 12-month net leverage ratio at quarter end was 3.0x, expected to improve to 2.5x post-Graphic sale [21] Q&A Session Summary Question: Electronic trends and future progression - Management acknowledged that the electronics market has not been uniformly improving, but there are signs of acceleration into 2025, with forecasts indicating high single-digit to double-digit growth [26][27] Question: Impact of Advanced Packaging on segments - Advanced Packaging is positively impacting all three electronics businesses, with significant revenue growth expected [28][29] Question: Circuitry performance and market conditions - Circuitry business has outperformed the market, driven by strong demand in China and data storage applications [30] Question: Power electronics capacity and pricing - The company has adequate capacity to support increased volumes in power electronics, with robust demand leading to potential pricing opportunities [31][33] Question: Automotive market dynamics - The ICE auto business is not directly correlated with production rates, but there are share gain opportunities being pursued [43][44] Question: Margin progression and future outlook - The company believes it can achieve EBITDA margins in the 30% range, with a focus on higher-margin businesses [53][54] Question: Resource allocation for growth targets - The company is investing in applications labs and manufacturing capabilities to support long-term growth targets [77]

Third Quarter 2024 Earnings Presentation Enabling Technology. Growing Sustainably. Legal Notices SAFE HARBOR Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of the Company. Such discussion and statements will often contain words such as "expect," "anticipate," "p ...

Element Solutions Inc. (ESI) recorded third-quarter 2024 earnings (as reported) of 17 cents per share. This compares favorably with a loss of 13 cents in the year-ago quarter. Adjusted earnings per share came in at 39 cents in the quarter, beating the Zacks Consensus Estimate of 38 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company generated net sales of $645 million, up 7.6% year over year. The figure beat the Zacks Consensus Estimate of $618.8 million. The adjusted ea ...

Element Solutions (ESI) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.63%. A quarter ago, it was expected that this specialty chemical and printing products would post earnings of $0.35 per share when it actually produced earnings of $0.36, delivering a surprise of 2.86%.Over the ...

EXHIBIT 99.1 Element Solutions Inc Announces 2024 Third Quarter Financial Results • Net sales of $645 million, an increase of 8% on a reported basis or 6% on an organic basis from the third quarter of 2023 • Reported net income of $40 million, compared to a net loss of $32 million in the same period last year • Adjusted EBITDA of $143 million, compared to $134 million in the same period last year, an increase of 6% on a reported basis and 8% on a constant currency basis • Third quarter 2024 cash flows from ...

Wall Street analysts expect Element Solutions (ESI) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 5.6%. Revenues are expected to be $618.75 million, up 3.3% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 1.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Bef ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Element Solutions (ESI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact 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 released on Octo ...

Shares of Element Solutions Inc ESI were climbing in early trading on Monday. Chipmakers are increasingly focused on reducing size and power consumption of chips, "much of which is enabled by ESI's materials," according to Seaport Research Partners. Analyst Michael Harrison initiated coverage of Element Solutions with a Buy rating and price target of $33. The Element Solutions Thesis: The transition towards advanced packaging is still in the initial stages and the company has "a broad portfolio, strong cust ...

Element Solutions Inc. (ESI) has agreed to sell its flexographic printing plate business, MacDermid Graphics Solutions, to XSYS — a global specialist provider in the flexographic printing space — for an enterprise value of around $325 million. The transfer involves substantially all of Graphics Solutions reporting vertical of Element Solutions. 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 l ...