secwatch.observer — SEC 8-K summary
======================================

Issuer:     Element Solutions Inc (ESI)
CIK:        0001590714
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0001590714-21-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Element Solutions Q3 net sales up 29% to $616M; raises FY adjusted EBITDA guidance to $515-525M
--------------------------------------------------------------------------------

- Net sales $616M (+29% YoY); organic sales +13% (Electronics +11%, Industrial +15%).
- GAAP diluted EPS $0.15 (unchanged); adjusted EPS $0.35 vs $0.22; adjusted EBITDA $132M (+25% constant currency).
- Completed Coventya acquisition Sept 1 for $486M net of cash, funded with $400M add-on debt.
- Raised FY2021 guidance: adjusted EBITDA $515-525M, adjusted EPS >$1.35, free cash flow at least $265M.
- Net debt to adjusted EBITDA 3.1x; pro forma post-Coventya below 3.0x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590714/000159071421000089/0001590714-21-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590714/000159071421000089/esi-20211027.htm
  HTML page:      https://secwatch.observer/filing/0001590714-21-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer