earnings
confidence high
sentiment neutral
materiality 0.75
Element Solutions Q3 adjusted EPS $0.36, adj. EBITDA $134M; lowers FY22 adj. EBITDA to $525-530M
Element Solutions Inc
2022-Q3 EPS reported
$0.71
revenue$1,975,600,000
- GAAP diluted EPS $0.22 vs $0.15; adjusted EPS $0.36 vs $0.34.
- Net sales $619M flat reported, organic +5%; Electronics organic +5%, Industrial & Specialty organic +6%.
- Adjusted EBITDA $134M (+2% reported, +11% constant currency); margin 21.6%.
- FY2022 guidance: adj. EBITDA $525-530M, adj. EPS $1.40-1.42, FCF ~$250M.
- Repurchased 3.0M shares in Q3; remaining authorization ~$616M; net debt/EBITDA 3.1x.