earnings
confidence high
sentiment neutral
materiality 0.75
Element Solutions Q1 net sales +24% to $680M; adj EBITDA $145M; raises FY adj EBITDA guidance bottom end
Element Solutions Inc
2022-Q1 EPS reported
$0.23
revenue$680,200,000
- Net sales $680M (+24% reported, +7% organic); GAAP diluted EPS $0.23 vs $0.33 prior year.
- Adjusted EBITDA $145M (+9% constant currency); margin 21.3% (-370bps); adj EPS $0.38 vs $0.37.
- Electronics sales $427M (+21%, +8% organic); adj EBITDA $97M (+7% cc). Industrial & Specialty sales $253M (+29%, +4% organic); adj EBITDA $48M (+12% cc).
- FY2022 guidance: adj EBITDA bottom raised to $580–590M; adj EPS $1.55–1.60; Q2 adj EBITDA ~$140M.
- Net debt/EBITDA 3.2x; free cash flow impacted by inventory builds; expects leverage ~2.5x by year-end.