secwatch.observer — SEC 8-K summary
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Issuer:     Element Solutions Inc (ESI)
CIK:        0001590714
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001590714-21-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Element Solutions Q2 net sales $587M (+52% YoY); raises FY adj EBITDA guidance to $505-520M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590714/000159071421000076/0001590714-21-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590714/000159071421000076/esi-20210728.htm
  HTML page:      https://secwatch.observer/filing/0001590714-21-000076

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