Element Solutions Q4 GAAP EPS $0.32 vs $0.05 YoY; guides 2024 adj. EBITDA $510-530M

Element Solutions Inc

2023-FY EPS reported $0.49 revenue$2,333,200,000

Full year 2023 net sales $2.33B (-8% reported); net income $118M (-37%); adjusted EBITDA $482M (-8%).
Electronics segment Q4 sales +4% to $352M; Industrial & Specialty -6% to $221M.
2024 guidance: adj. EBITDA $510-530M (constant currency growth 8-12%); Q1 adj. EBITDA $120-125M.
Syndicated $1.15B term loans; reduced gross debt ~$105M; effective interest rate ~3.3% with ~80% fixed through 2028.
Appointed Richard Fricke as SVP Electronics and Matthew Liebowitz as EVP Strategy & Head of Industrial & Specialty.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Richard L. Fricke

Senior Vice President, Electronics

ESI · Element Solutions Inc

Effective: 2024-02-13
Filed: February 20, 2024, 6:59 PM ET

On February 13, 2024, the Board of Directors of Element Solutions (the "Board") appointed Richard L. Fricke as Senior Vice President, Electronics and as an executive officer of Element Solutions, effective immediately.

Appointed

Matthew Liebowitz

Executive Vice President, Strategy and Head of Industrial & Specialty

ESI · Element Solutions Inc

Effective: 2024-02-13
Filed: February 20, 2024, 6:59 PM ET

On February 13, 2024, the Board also appointed Matthew Liebowitz as Executive Vice President, Strategy and Head of Industrial & Specialty and as an executive officer of Element Solutions, effective immediately.

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 updated its fourth quarter and full year ended December 31, 2023 guidance (reaffirmed).

Period: fourth quarter and full year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 20, 2024, Element Solutions Inc ("Element Solutions") issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard L. Fricke was appointed as Senior Vice President, Electronics at Element Solutions Inc.

Action: appointed
Role: Senior Vice President, Electronics

Exact text from the filing

On February 13, 2024, the Board of Directors of Element Solutions (the "Board") appointed Richard L. Fricke as Senior Vice President, Electronics and as an executive officer of Element Solutions, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Liebowitz was appointed as Executive Vice President, Strategy and Head of Industrial & Specialty at Element Solutions Inc.

Action: appointed
Role: Executive Vice President, Strategy and Head of Industrial & Specialty

Exact text from the filing

On February 13, 2024, the Board also appointed Matthew Liebowitz as Executive Vice President, Strategy and Head of Industrial & Specialty and as an executive officer of Element Solutions, effective immediately.

View on SEC.gov

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Element Solutions Inc filing history →

Source: SEC EDGAR

accession 0001590714-24-000039

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