secwatch.observer — SEC 8-K summary
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Issuer:     Element Solutions Inc (ESI)
CIK:        0001590714
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001590714-23-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Element Solutions Q1 sales $574M (-16% reported); adj EBITDA $112M; FY guidance lowered
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- GAAP diluted EPS $0.18 vs $0.23; Adjusted EPS $0.30 vs $0.38.
- Electronics net sales -23% reported (-11% organic); Industrial & Specialty +2% organic.
- Adjusted EBITDA $112M, down 18% on constant currency basis.
- Q2 adj EBITDA guided ~$120M; FY adjusted EBITDA now expected at low end of $510-530M range.
- Free cash flow $45M in Q1; FY free cash flow guided ~$275M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590714/000159071423000043/0001590714-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590714/000159071423000043/esi-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001590714-23-000043

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