earnings
confidence high
sentiment positive
materiality 0.80
Element Solutions Q2 net sales $587M (+52% YoY); raises FY adj EBITDA guidance to $505-520M
Element Solutions Inc
2021-Q2 EPS reported
$0.66
revenue$1,136,700,000
- GAAP diluted EPS $0.32 vs $0.01; adjusted EPS $0.35 vs $0.18; net income $79M vs $2M.
- Electronics sales $382M (+51% reported, +25% organic); Industrial & Specialty $205M (+53% reported, +41% organic).
- Adjusted EBITDA $133M, +47% constant currency; margin 22.7% (+80 bps).
- Raised FY2021 adj EBITDA guidance to $505-520M and adj EPS at least $1.35; Q3 adj EBITDA guidance $125-130M.
- Coventya acquisition (~€420M) expected to close Sept 2021; HKW completed May 2021 for $50.9M.