secwatch.observer — SEC 8-K summary
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Issuer:     Element Solutions Inc (ESI)
CIK:        0001590714
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001590714-23-000071
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Element Solutions Q2 adj EBITDA $116M (-17%), cuts FY guide to $490-500M
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- Q2 net sales $586M (-13% reported, -6% organic); GAAP EPS $0.11, adj EPS $0.31 vs $0.38.
- FY23 adjusted EBITDA guidance reduced to $490-500M; Q3 adj EBITDA guided ~$125M.
- Electronics sales -19% to $356M; Industrial & Specialty -2% to $230M.
- Terminated ViaForm distribution rights for $200M; expects ~$15M annual adj EBITDA from in-house ops.
- Acquired Kuprion for ~$15.9M to add nano-copper technology for semiconductor and circuit board markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590714/000159071423000071/0001590714-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590714/000159071423000071/esi-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001590714-23-000071

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