earnings
confidence high
sentiment neutral
materiality 0.70
Element Solutions Q2 net sales +15% to $677M; adjusted EBITDA guidance cut on FX headwind
Element Solutions Inc
2022-Q2 EPS reported
$0.49
revenue$1,357,100,000
- GAAP diluted EPS $0.25 vs $0.32 YoY; adjusted EPS $0.38 vs $0.35 YoY.
- Adjusted EBITDA $140M, +7% reported (+13% constant currency).
- Full-year 2022 adjusted EBITDA guidance revised to $565–$575M due to >$35M FX headwind.
- Repurchased 2.2M shares in Q2; remaining authorization ~$670M.
- Electronics segment organic sales +8%; Industrial & Specialty organic +2%.