as of 11-10-2026 3:50pm EST
Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company's reportable segments are Electronics and Industrial & Specialty. The Electronics segment, which generates maximum revenue, researches, formulates, and sells specialty chemicals and process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging. This segment's wet chemicals for metallization, surface treatments, and solderable finishes form the physical circuitry pathways, and its assembly materials, such as solder, pastes, fluxes, and adhesives, join those pathways together.
| Founded: | 1922 | Country: | United States |
| Employees: | N/A | City: | MIAMI BEACH |
| Market Cap: | 9.2B | IPO Year: | 2014 |
| Target Price: | $47.33 | AVG Volume (30 days): | 4.3M |
| Analyst Decision: | Strong Buy | Number of Analysts: | 12 |
| Dividend Yield: | Dividend Payout Frequency: | quarterly | |
| EPS: | 0.82 | EPS Growth: | -21.78 |
| 52 Week Low/High: | $22.86 - $49.25 | Next Earning Date: | 10-21-2026 |
| Revenue: | $2,551,200,000 | Revenue Growth: | 3.84% |
| Revenue Growth (this year): | 48.45% | Revenue Growth (next year): | 8.19% |
| P/E Ratio: | 40.25 | Index: | N/A |
| Free Cash Flow: | 233.7M | FCF Growth: | -32.23% |
SEC 8-K filings with transcript text
Oct 21, 2026 · 100% conf.
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$38.49
Act: -9.14%
5D
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$39.16
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Element Solutions Inc
Reports Record Results for Third Quarter 2026
•Net sales of $995 million, representing 52% growth on a reported basis and 13% organic growth from the third quarter of 2025
•Reported net income of $66 million, compared to $39 million in the same period last year
•Adjusted EBITDA of $191 million, representing 29% constant currency growth
•Third quarter 2026 Cash flows from operating activities of $159 million and free cash flow of $135 million
•Increasing 2026 Adjusted EBITDA guidance to approximately $720 million
Miami, Fla., October 21, 2026 -- Element Solutions Inc (NYSE:ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals technology company, today announced its financial results for the three and nine months ended September 30, 2026.
Executive Commentary
Chief Executive Officer Benjamin Gliklich commented, “Our team continued to execute exceptionally well and delivered another quarter of record results. We are translating the tailwinds in the Electronics market to profitable growth, and seizing the opportunities created by the pace of technological change to gain market share. Demand across AI infrastructure and other high-performance electronics applications drove broad-based double-digit organic growth in each of our Electronics verticals. This growth is the product of several years of focused investment in technology, customer engagement, capacity expansion and operational excellence, which have strengthened our competitive position in the fastest-growing and highest-value areas of the electronics ecosystem. As our customers continue to build capacity and our supply chain continues to bring forward advanced technologies, we are investing alongside them. We are accelerating our own innovation, adding capacity in high-growth product lines and deepening strategic supply chain relationships to continue delivering for our customers and shareholders."
Mr Gliklich continued, "I am particularly proud of this quarter's results considering the risk of distraction from the proposed and subsequently terminated Solstice transaction. Our team did not miss a step. Reinforced by yet another consecutive record quarter, we are moving forward with greater focus, urgency and confidence. Our standalone, independent trajectory has only improved, and, as a result, we are raising our 2026 adjusted EBITDA guidance to approximately $720 million. This should translate to adjusted EPS growth in excess of 20% for the full year, driven by sustained momentum in Electronics and meaningful contributions from our recent acquisitions. Our formula of operational excellence and prudent capital allocation continues to deliver.”
Third Quarter 2026 Highlights (compared with third quarter 2025)
•Net sales on a reported basis for the third quarter of 2026 were $995 million, an increase of 52% over the third quarter of 2025. Organic net sales increased 13%.
◦Electronics: Net sales increased 68% to $780 million, including 30% from acquisitions. Organic net sales increased 18%.
◦Specialties: Net sales increased 13% to $216 million, including 12% from acquisitions net of divestitures. Organic net sales increased 1%.
•Third quarter of 2026 earnings per share (EPS) performance:
◦GAAP diluted EPS was $0.27, as compared to $0.16 for the same period last year.
◦Adjusted EPS was $0.50, as compared to $0.41 for the same period last year.
•Reported net income for the third quarter of 2026 was $66 million, as compared to $39 million for the third quarter of 2025, an increase of 67%.
◦Net income margin increased by 60 basis points to 6.6%.
•Adjusted EBITDA for the third quarter of 2026 was $191 million, as compared to $147 million for the third quarter of 2025. On a constant currency basis, adjusted EBITDA increased 29%.
◦Electronics: Adjusted EBITDA was $148 million, an increase of 46%. On a constant currency basis, adjusted EBITDA increased 45%. The Micromax business had a positive impact of 19% on constant currency adjusted EBITDA growth.
◦Specialties: Adjusted EBITDA was $43 million, a decrease of 6%. On a constant currency basis, adjusted EBITDA decreased 6%. The EFC Gases & Advanced Materials business had a positive impact of 16% on constant currency adjusted EBITDA growth.
◦Adjusted EBITDA margin increased by 50 basis points to 28.2%.
Updated 2026 Guidance
The Company now expects full year 2026 adjusted EBITDA to be approximately $720 million, inclusive of full year contributions from the Micromax and EFC acquisitions and assuming stable exchange rates and metal prices, and an adjusted EPS growth rate of over 20% for the full year.
Recent Developments
Solstice Transaction - On July 6, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Solstice. On August 27, 2026, the Company and Solstice entered into a Termination Agreement pursuant to whi
Jul 27, 2026 · 100% conf.
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+5.92%
$40.08
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Element Solutions Inc
Reports Record Second Quarter 2026 Financial Results
•Net sales of $978 million, an increase of 56% on a reported basis and 15% on an organic basis from the second quarter of 2025
•Reported net income of $77 million, compared to $48 million in the same period last year, an increase of 63% on a reported basis and net income margin of 7.9%, compared to 7.6% in the same period last year
•Adjusted EBITDA of $184 million, compared to $136 million in the same period last year, an increase of 35% on a reported basis and 33% on a constant currency basis
•Adjusted EBITDA margin increased to 27.8% from 26.6% in the same period last year
•Second quarter 2026 Cash flows from operating activities of $100 million and free cash flow of $74 million
Miami, Fla., July 27, 2026 -- Element Solutions Inc (NYSE:ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals technology company, today announced its financial results for the three and six months ended June 30, 2026.
Executive Commentary
Chief Executive Officer Benjamin Gliklich commented, “Element Solutions delivered a record quarter of revenue, adjusted EBITDA and adjusted EPS. Our strategic execution – marrying operational excellence and prudent capital allocation – continues to generate exceptional profit growth. Core markets remain healthy, and customer engagements continue to accelerate to meet our supply chain’s ever-more challenging technical roadmaps. The organic outlook for the year improved over the course of the second quarter as reflected in our increased full year adjusted EBITDA guidance, while progress against strategic priorities, including the Micromax integration and Kuprion scale up, reinforces our confidence in the long-term trajectory for the Company.”
Mr. Gliklich continued, “Our proposed transaction with Solstice intends to accelerate value creation by forming a stronger, more differentiated electronics portfolio and unlocking compelling synergies. Element Solutions' market leadership positions and strong, entrepreneurial culture complement Solstice's operational expertise and process discipline. Our combined company is poised to create significant long-term value, leading the market in profitability and cash flow generation with many years runway of double digit earnings growth.”
Second Quarter 2026 Highlights (compared with second quarter 2025)
•Net sales on a reported basis for the second quarter of 2026 were $978 million, an increase of 56% over the second quarter of 2025. Organic net sales increased 15%.
◦Electronics: Net sales increased 75% to $767 million, including 29% from acquisitions. Organic net sales increased 20%.
◦Specialties: Net sales increased 14% to $211 million, including 9% from acquisitions net of divestitures. Organic net sales increased 3%.
•Second quarter of 2026 earnings per share (EPS) performance:
◦GAAP diluted EPS was $0.32, as compared to $0.20 for the same period last year.
◦Adjusted EPS was $0.47, as compared to $0.37 for the same period last year.
•Reported net income for the second quarter of 2026 was $77 million, as compared to $48 million for the second quarter of 2025, an increase of 63%.
◦Net income margin increased by 30 basis points to 7.9%.
•Adjusted EBITDA for the second quarter of 2026 was $184 million, as compared to $136 million for the second quarter of 2025. On a constant currency basis, adjusted EBITDA increased 33%.
◦Electronics: Adjusted EBITDA was $142 million, an increase of 47%. On a constant currency basis, adjusted EBITDA increased 44%. The Micromax business had a positive impact of 31% on constant currency adjusted EBITDA growth.
◦Specialties: Adjusted EBITDA was $42 million, an increase of 7%. On a constant currency basis, adjusted EBITDA increased 4%. The EFC Gases & Advanced Materials business had a positive impact of 10% on constant currency adjusted EBITDA growth.
◦Adjusted EBITDA margin increased by 120 basis points to 27.8%.
Updated 2026 Guidance
The Company now expects full year 2026 adjusted EBITDA to be in the range of $690 million to $710 million, inclusive of expected contributions from the Micromax and EFC acquisitions on a full-year basis and assuming stable exchange rates and metal prices, and an adjusted EPS growth rate of approximately 20%. In addition, the Company expects third quarter 2026 adjusted EBITDA to be approximately $180 million.
Recent Developments
Solstice Transaction - On July 6, 2026, the Company and Solstice entered into an Agreement and Plan of Merger for the acquisition of the Company by Solstice. Upon completion of the merger, each issued and outstanding share of the Company's common stock, except for treasury shares and certain other exceptions, will be exchanged for (i) 0.5 shares of Solstice common stock and (ii) $10.00 in cash, without interest, plus cash in lieu of any fractional shares
Apr 28, 2026 · 100% conf.
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Element Solutions Inc
Reports Record Quarterly Results and Increases 2026 Full Year Guidance
•Net sales of $840 million, an increase of 41% on a reported basis or 10% on an organic basis from the first quarter of 2025
•Reported net income of $56 million, compared to $98 million in the same period last year, a decrease of 43% on a reported basis, primarily due to gain on the Graphics Solutions divestiture in the prior year period, and net income margin of 6.7%, compared to 16.5% in the same period last year
•Adjusted EBITDA of $162 million, compared to $128 million in the same period last year, an increase of 26% on a reported basis and 21% on a constant currency basis.
•Adjusted EBITDA margin increased to 27.8% from 26.1% in the same period last year1
Miami, Fla., April 28, 2026 -- Element Solutions Inc (NYSE:ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals technology company, today announced its financial results for the three months ended March 31, 2026.
Executive Commentary
Chief Executive Officer Benjamin Gliklich commented, “Element Solutions had an outstanding start to the year. We delivered double-digit organic net sales growth and strong margin expansion while ramping our investments to keep pace with customer innovation. The technical requirements in datacenter hardware and other high-performance electronics keep increasing, and our business is providing ever more critical solutions to challenges in thermal management, power density and advanced packaging applications. Along with the pace of innovation, the pace of activity in the electronics supply chain accelerated in Q1 to support AI infrastructure build-out. Customer orders and their go-forward forecasts increased materially, and our Electronics portfolio's net sales grew 15% organically. We are investing to keep up with the supply chain demands, whether that is inventory to support customer volumes, additional capacity in certain product lines or innovation to remain on the leading edge. Across all of these vectors, our investment is customer-led and supporting durable growth trends. Our largest recent investments - the EFC and Micromax acquisitions - closed this quarter, and their results are tracking favorably to our original plans. More importantly, their teams are settling well into our organization and energized by the opportunities our platform will provide them to better serve their customers.”
Mr. Gliklich continued, “Our organic acceleration in the first quarter gives us confidence in a strong year, despite a more complex macro environment than anticipated. We already see inflationary pressure driven by current geopolitical events and expect increased variance in quarterly earnings driven by swings in metals prices, although those benefitted us in Q1. We have a flexible operating model and a demonstrated track-record of agility, whether that relates to sourcing, pricing or cost management. We are already taking action to preserve our profitability and our ability to service customers. At the same time, the underlying demand in the high-end electronics market remains quite strong. Given the strong positions we have established in the fastest-growing, highest-value niches of these markets and our expectation that we can continue to nimbly manage through current supply chain disruptions, we are raising our adjusted EBITDA guidance for the full year.”
1 Adjusted EBITDA margin is now defined as adjusted EBITDA divided by net sales excluding the value of certain pass-through metals. This change in calculation is also reflected in the prior comparison figures.
First Quarter 2026 Highlights (compared with first quarter 2025)
•Net sales on a reported basis for the first quarter of 2026 were $840 million, an increase of 41% over the first quarter of 2025. Organic net sales increased 10%.
◦Electronics: Net sales increased 61% to $634 million, of which 16% resulted from acquisitions. Organic net sales increased 15%.
◦Specialties: Net sales increased 4% to $207 million, which were negatively impacted by 3% from divestitures net of acquisitions. Organic net sales increased 1%.
•First quarter of 2026 earnings per share (EPS) performance:
◦GAAP diluted EPS was $0.23, as compared to $0.40 for the same period last year.
◦Adjusted EPS was $0.41, as compared to $0.34 for the same period last year.
•Reported net income for the first quarter of 2026 was $56 million, as compared to $98 million for the first quarter of 2025, a decrease of 43%.
◦Net income margin decreased by 980 basis points to 6.7%.
•Adjusted EBITDA for the first quarter of 2026 was $162 million, as compared to $128 million for the first quarter of 2025. On a constant currency basis, adjusted EBITDA increased 21%.
◦Adjusted EBITDA would have been $170 million if the Micromax acquisition had closed on January 1, 2026.
◦Electronics: Adjusted
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