secwatch.observer — SEC 8-K summary
======================================

Issuer:     Element Solutions Inc (ESI)
CIK:        0001590714
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001590714-23-000081
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Element Solutions Q3 net loss $32M, sales down 3%; Graphics Solutions goodwill impaired $80M
--------------------------------------------------------------------------------

- Net sales $599M, down 3% YoY (organic -3%); Electronics -6%, Industrial & Specialty +1%.
- GAAP diluted loss per share $0.13 (incl. $0.33 impairment hit); Adjusted EPS $0.36 flat YoY.
- Adjusted EBITDA $134M, up 2% constant currency; margin +80bps to 22.4%.
- FY 2023 guidance: adj EBITDA ~$485M, adj EPS ~$1.30, free cash flow ~$265M.
- Q3 operating cash flow $87M, free cash flow $75M; expects leverage below 3.5x by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590714/000159071423000081/0001590714-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590714/000159071423000081/esi-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001590714-23-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer