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Mar 31, 2022
Element Solutions Q1 2022 Earnings Report
Element Solutions' financial performance for Q1 2022 was announced, demonstrating revenue growth and adjusted EPS increase amidst a complex business environment.
Key Takeaways
Element Solutions reported a 24% increase in net sales to $680 million, with organic sales up by 7%. Adjusted EPS rose to $0.38 from $0.37 year-over-year, while GAAP diluted EPS decreased to $0.23 from $0.33. The company reaffirmed its full-year adjusted EPS guidance and increased the bottom end of its adjusted EBITDA guidance.
Net sales increased by 24% to $680 million, or 7% on an organic basis.
GAAP diluted EPS was $0.23, while adjusted EPS was $0.38.
Net income was reported at $56 million.
Adjusted EBITDA increased by 9% on a constant currency basis to $145 million.
Revenue by Segment
Forward Guidance
The company increased the bottom-end of its financial guidance for adjusted EBITDA to a range of $580 million to $590 million and reaffirmed its full-year 2022 financial guidance for adjusted EPS of $1.55 to $1.60 and free cash flow of $310 million to $325 million. For the second quarter of 2022, adjusted EBITDA is expected to be approximately $140 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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