Element Solutions reports record 2022 revenue $2.55B; adjusted EPS $1.41; guides 2023 adjusted EBITDA flat

Element Solutions Inc

2022-FY EPS reported $0.76 revenue$2,549,400,000

Full-year 2022 net sales $2.55B (+6% reported, +5% organic); GAAP diluted EPS $0.75 vs $0.82 in 2021.
Adjusted EPS $1.41 (+2% YoY); adjusted EBITDA $527M (+8% constant currency); free cash flow $253M.
Q4 2022 net sales $574M (-11% reported, +3% organic); adjusted EBITDA $108M (-2% constant currency).
2023 guidance: adjusted EBITDA $510M-$530M (flat constant currency); adjusted EPS $1.40-$1.43; FCF ~$275M.
Repurchased 8.0M shares for ~$151M in 2022; declared $0.08/share dividend payable March 15, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Element Solutions Inc reported fourth quarter and full year ended December 31, 2022 results: revenue $574 million, net income $13 million, EPS $0.05. Guidance initiated.

Period: fourth quarter and full year ended December 31, 2022
Revenue: $574 million
Net income: $13 million
EPS: $0.05
Guidance: initiated
Result: reported results

Exact text from the filing

trends propelling our markets forward.” Fourth Quarter 2022 Highlights (compared with fourth quarter 2021): • Net sales on a reported basis for the fourth quarter of 2022 were $574 million, a decrease of 11% over the fourth quarter of 2021. Organic net sales increased 3%. ◦ Electronics: Net sales decreased 18% to $338 million. Organic net sales remained

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Source: SEC EDGAR

accession 0001590714-23-000025

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