Element Solutions Inc. (ESI) experienced a 11.3% increase in its stock value in the past six months, driven by robust financial results in the second quarter and raised financial guidance for 2024. The stock offers an attractive investment opportunity with strong growth prospects, as reflected in its Zacks Rank #1 (Strong Buy). Positive Earnings Surprise History ESI outperformed the Zacks Consensus Estimate in three of the last four quarters while matching the same on the remaining occasion. It delivered a ...

Core Viewpoint - Element Solutions Inc. (ESI) has seen a significant stock price appreciation of 11.5% over the past six months, outperforming the industry's decline of 22.3% [1] Group 1: Financial Performance - The company is on track to achieve record adjusted EBITDA in 2024, with an upward revision of its forecast from $515-$530 million to $530-$545 million [2] - Adjusted earnings per share (EPS) for 2024 are projected to be between $1.40 and $1.46, with expected free cash flow of $280-$300 million [2] - In Q2 2024, ESI reported an adjusted EPS of 36 cents, exceeding the Zacks Consensus Estimate of 35 cents [3] - Net sales for Q2 2024 reached $612.7 million, a 5% year-over-year increase, surpassing the Zacks Consensus Estimate of $611.6 million [3] - Organic net sales grew by 4%, while adjusted EBITDA rose by 16% year-over-year to $135 million [3] Group 2: Market Dynamics - The company benefited from a recovery in the electronics markets during Q2, with high-value end markets contributing to a favorable product mix [4] - Sales in the Electronics segment grew by 10% year-over-year to $391.7 million, with organic net sales rising 7% from last year's figures [4] Group 3: Earnings Surprises and Estimates - Element Solutions has beaten estimates in three of the last four quarters, delivering a trailing four-quarter average earnings surprise of 3.8% [5] - The Zacks Consensus Estimate for its 2024 EPS stands at $1.42, reflecting a 10% year-over-year increase [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _______________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36272 Element Solutions Inc (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorpor ...

The reported revenue represents a surprise of +0.18% over the Zacks Consensus Estimate of $611.6 million. With the consensus EPS estimate being $0.35, the EPS surprise was +2.86%. Here is how Element Solutions performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of Element Solutions have returned -0.7% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating t ...

Element Solutions (ESI) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.86%. A quarter ago, it was expected that this specialty chemical and printing products would post earnings of $0.32 per share when it actually produced earnings of $0.34, delivering a surprise of 6.25%. Over th ...

EXHIBIT 99.1 Element Solutions Inc Announces 2024 Second Quarter Financial Results Miami, Fla., July 29, 2024 -- Element Solutions Inc (NYSE:ESI) ("Element Solutions" or the "Company"), a global and diversified specialty chemicals company, today announced its financial results for the three and six months ended June 30, 2024. Executive Commentary President and Chief Executive Officer Benjamin Gliklich commented, "Element Solutions delivered an exceptional second quarter. Earnings growth accelerated despite ...

Core Insights - The consensus EPS estimate for the upcoming quarter has remained unchanged over the past 30 days, indicating a reassessment by analysts of their initial projections [1] - Analysts' projections for specific key metrics provide valuable insights into the company's performance [2] Financial Metrics - The estimated 'Net Sales- Electronics' is projected to reach $369.49 million, reflecting a year-over-year increase of +3.9% [3] - The consensus estimate for 'Adjusted EBITDA- Electronics' is $86.46 million, compared to $76.30 million reported in the same quarter last year [4] - The average prediction for 'Net Sales- Industrial & Specialty' is $242.11 million, indicating a year-over-year change of +5.1% [6] - The estimated 'Adjusted EBITDA- Industrial & Specialty' stands at $43.50 million, up from $39.80 million a year ago [7] Stock Performance - Shares of Element Solutions have decreased by -1.2% over the past month, while the Zacks S&P 500 composite has seen a -0.3% change [8] - The upcoming earnings report is expected to show quarterly earnings of $0.35 per share, representing a 12.9% increase compared to the previous year [8] - Analysts forecast revenues of $611.6 million, which is a 4.4% increase year over year [8]

Element Solutions is one of 238 individual stocks in the Basic Materials sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Within the past quarter, the Zacks Consensus Estimate for ESI's full-year earnings has moved 2.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. One other Basic M ...

Core Insights - Element Solutions is expected to achieve record adjusted EBITDA in 2024, with a revised forecast of $530-$545 million, up from $515-$530 million [2] - The company projects adjusted earnings per share (EPS) for 2024 to be between $1.40 and $1.46 [2] Financial Performance - In Q1 2024, Element Solutions reported adjusted EPS of 34 cents, exceeding the Zacks Consensus Estimate of 32 cents [9] - Net sales for Q1 2024 were $575 million, flat year-over-year, and below the Zacks Consensus Estimate of $601.8 million [9] - Organic net sales increased by 1%, while adjusted EBITDA grew by 13% year-over-year to $127 million [9] Market Trends - The electronics segment saw a 3% year-over-year increase in net sales to $349 million, with organic net sales rising by 4% [3] - The company experienced a recovery in electronics markets, supported by investments in high-value technologies and favorable pricing actions amid declining raw material prices [3][8] - Despite some recovery signs in the electronics market, overall unit and chemistry volumes remain below long-term trends [8] Stock Performance - Element Solutions' shares have appreciated by 15.2% in the past six months, outperforming the industry's decline of 20.7% and the S&P 500's rise of 14.5% [6] - The company has a trailing four-quarter average earnings surprise of 3% [10]

Company Overview - Element Solutions Inc, previously known as Platform Specialty Products Corporation, is a leading provider of specialty chemicals, offering innovative solutions across various industries including automotive, electronics, and offshore energy [10]. Financial Performance - The company generated sales of $2,333.2 million in 2023 [10]. Investment Ratings - Element Solutions is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of B [11]. - The company has a Momentum Style Score of A, indicating strong upward price movement, with shares up 11.2% over the past four weeks [11]. Earnings Estimates - One analyst has revised their earnings estimate higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0 to $1.40 per share [11]. - Element Solutions has an average earnings surprise of 3%, suggesting a positive trend in earnings performance [11]. Investment Consideration - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Element Solutions is recommended for investors' consideration [12].