Element Solutions Q4 2019 Earnings Report
Key Takeaways
Element Solutions Inc. reported a decrease of 5% in net sales for Q4 2019 compared to Q4 2018, with sales totaling $455 million. However, the company's GAAP diluted earnings per share increased to $0.29, compared to a loss per share of $0.05 in the same period last year. Adjusted EPS was $0.22, compared to $0.03 per share.
Net sales decreased by 5% to $455 million, with organic net sales down 4%.
GAAP diluted earnings per share was $0.29, compared to a loss per share of $0.05 in the same period last year.
Adjusted EPS was $0.22, compared to $0.03 per share.
Reported net income was $74 million, compared to a loss of $14 million for the fourth quarter of 2018.
Element Solutions
Element Solutions
Element Solutions Revenue by Segment
Forward Guidance
For the full year 2020, the Company expects adjusted EPS to be in the range of $0.93 to $0.97, adjusted EBITDA growth of between 2% and 4% on a constant currency basis and organic net sales growth of approximately 1%.
Positive Outlook
- Adjusted EPS to be in the range of $0.93 to $0.97.
- Adjusted EBITDA growth of between 2% and 4% on a constant currency basis.
- Organic net sales growth of approximately 1%.
Challenges Ahead
- Foreign exchange headwinds of approximately 1% to net sales.
- Foreign exchange headwinds of approximately 1% to adjusted EBITDA.
- The coronavirus has clearly impacted our business this February, but we have all of our factories open, albeit at low levels of activity
- The unquantifiable impact of the coronavirus today
- will review as and when the ultimate impact of coronavirus-related supply chain disruptions is known.
Revenue & Expenses
Visualization of income flow from segment revenue to net income