Loading...
•
Sep 30, 2024
Element Solutions Q3 2024 Earnings Report
Element Solutions reported strong results driven by growth in the Electronics segment and earnings growth in the Industrial & Specialty business, despite a weakening industrial macro backdrop.
Key Takeaways
Element Solutions reported net sales of $645 million, an 8% increase on a reported basis and 6% on an organic basis. Net income was $40 million, a significant improvement from the net loss of $32 million in the same period last year. Adjusted EBITDA increased by 6% to $143 million.
Net sales increased by 8% to $645 million, with organic net sales up by 6%.
Net income was $40 million, compared to a net loss of $32 million in the same period last year.
Adjusted EPS was $0.39, up from $0.36 in the prior year.
The company narrowed its full year 2024 adjusted EBITDA guidance range, implying record earnings despite challenging end-markets.
Revenue by Segment
Forward Guidance
The Company expects full year 2024 adjusted EBITDA to be in the range of $535 million to $540 million. In addition, the Company expects its full year 2024 free cash flow to be in the range of $280 million to $300 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
Loading earnings performance data...
Loading earnings reaction data...