secwatch.observer — SEC 8-K summary
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Issuer:     Element Solutions Inc (ESI)
CIK:        0001590714
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001590714-22-000043
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Element Solutions Q1 net sales +24% to $680M; adj EBITDA $145M; raises FY adj EBITDA guidance bottom end
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590714/000159071422000043/0001590714-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590714/000159071422000043/esi-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001590714-22-000043

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