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Mar 31, 2024
Element Solutions Q1 2024 Earnings Report
Element Solutions reported relatively flat net sales but increased organic net sales, net income, and adjusted EBITDA in Q1 2024.
Key Takeaways
Element Solutions reported net sales of $575 million, a 1% increase on an organic basis. Net income increased to $56 million, and adjusted EBITDA rose by 13% to $127 million.
Net sales were $575 million, flat on a reported basis but up 1% organically.
Net income increased to $56 million, compared to $43 million in the same period last year.
Adjusted EBITDA increased by 13% to $127 million.
GAAP diluted EPS was $0.23, compared to $0.18 for the same period last year.
Element Solutions
Element Solutions
Element Solutions Revenue by Segment
Revenue by Segment
Electronics Revenue
CapyFin.comIndustrial & Specialty Revenue
CapyFin.com Forward Guidance
Element Solutions expects full year 2024 adjusted EBITDA to be in the range of $515 million to $530 million and free cash flow to be in the range of $280 million to $300 million. The Company expects second quarter 2024 adjusted EBITDA to be approximately $125 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income