earnings
confidence high
sentiment positive
materiality 0.80
Element Solutions Q2 net sales $613M (+5%), adj. EBITDA $135M (+16%), raises FY guidance to $530-545M
Element Solutions Inc
2024-Q2 EPS reported
$0.62
revenue$1,187,700,000
- Net sales $613M (+5% reported, +4% organic); net income $93M (+213% from $30M).
- Adjusted EBITDA $135M (+16% reported, +21% constant currency); margin +230bps to 22.1%.
- GAAP diluted EPS $0.38 vs $0.11; adjusted EPS $0.36 vs $0.31 in prior-year quarter.
- FY2024 adjusted EBITDA guidance raised to $530-545M; free cash flow expected $280-300M.
- Electronics segment net sales +10% to $392M on demand for HPC, data centers, semiconductor fabrication.