Element Solutions Q1 2023 Earnings Report

Element Solutions EPS Results

• Actual EPS: $0.30
• Consensus EPS: $0.29
• Beat/Miss: Beat by +$0.01
• One Year Ago EPS: $0.38

Element Solutions Revenue Results

• Actual Revenue: $574.40 million
• Expected Revenue: $593.42 million
• Beat/Miss: Missed by -$19.02 million
• YoY Revenue Growth: -15.60%

Element Solutions Announcement Details

• Quarter: Q1 2023
• Date: 4/26/2023
• Time: After Market Closes

Element Solutions (NYSE:ESI) operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products. This segment also supplies surface mount technologies, fluxes, thermal management material, coatings, and other attachment materials; chemical formulations to the electronics industry; and advanced copper interconnects, die attachment, sintered silver material, adhesives, wafer bump processes, and photomask technologies for semiconductor industry. It primarily serves mobile communications, computers, automobiles, and aerospace equipment industries. The Industrial & Specialty segment provides industrial solutions, which include chemical systems that protect and decorate metal and plastic surfaces; consumable chemicals that enable printing image transfer on flexible packaging materials; and chemistries used in water-based hydraulic control fluids for offshore energy production applications. It serves aerospace, automotive, construction, consumer electronics, consumer packaged goods, and oil and gas production end markets. The company was formerly known as Platform Specialty Products Corporation and changed its name to Element Solutions Inc in January 2019. Element Solutions Inc was founded in 1785 and is headquartered in Fort Lauderdale, Florida.