Element Solutions Q1 adjusted EBITDA up 17% constant currency; raises FY guidance to $515-530M

Element Solutions Inc

2024-Q1 EPS reported $0.23 revenue$575,000,000

Net sales $575M (flat YoY); organic +1%; GAAP net income $56M vs $43M; diluted EPS $0.23 vs $0.18.
Adjusted EBITDA $127M, +13% reported/+17% constant currency; margin 22.1% (+260 bps). Adjusted EPS $0.34 vs $0.30.
Electronics segment sales +3% (organic +4%); Industrial & Specialty -4% (organic -3%).
FY2024 guidance raised: adj. EBITDA $515-530M, free cash flow $280-300M; Q2 adj. EBITDA ~$125M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Element Solutions Inc reported three months ended March 31, 2024 results: revenue $575 million, net income $56 million, EPS $0.23. Guidance raised.

Period: three months ended March 31, 2024
Revenue: $575 million
Net income: $56 million
EPS: $0.23
Guidance: raised
Result: reported results

Exact text from the filing

(EX-99.1 2024.3.31 EARNINGS RELEASE) --- 2024.3.31 EARNINGS RELEASE Document EXHIBIT 99.1 Element Solutions Inc Announces 2024 First Quarter Financial Results • Net sales of $575 million, approximately flat on a reported basis or a 1% increase on an organic basis from the first quarter of 2023 • Reported net income of $56 million, compared to $43 million in the

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Source: SEC EDGAR

accession 0001590714-24-000087

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