Element's (ESI) Q4 Earnings In Line, Revenues Lag Estimates

Element Solutions Inc. (ESI) recorded earnings of 32 cents per share in fourth-quarter 2023 compared with earnings of 5 cents in the year-ago quarter. The figure was in line with the Zacks Consensus Estimate.The company generated net sales of $573.4 million, flat year over year. The figure missed the Zacks Consensus Estimate of$588.6 million. Organic net sales fell 3%.The company’s circuitry and semiconductor businesses returned to organic growth in the reported quarter. ESI also delivered adjusted EBITDA ...