Elementis ( (GB:ELM) ) has issued an announcement.
Elementis reported strong financial performance for 2024, with a 3% increase in revenue to $738 million and a 24% rise in adjusted operating profit to $129 million, driven by self-help initiatives and improved volumes. Despite a statutory operating loss due to a Talc impairment, the company achieved significant cost savings and new business growth, positioning itself well for future success. The company has reduced its net debt and increased its dividend, reflecting a strong balance sheet and positive business outlook. Strategic progress includes restructuring, new product launches, and a focus on growth platforms, with confidence in achieving future targets.
More about Elementis
Elementis is a specialty chemicals company that focuses on high-quality, high-margin businesses with significant growth opportunities. The company has transformed from a commodity-oriented business to a leader in specialty chemicals, with a strong emphasis on innovation and efficiency. Elementis serves various industries, including Personal Care and Coatings, and has a global market presence.
YTD Price Performance: 5.23%
Average Trading Volume: 1,005,800
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £874.8M
See more data about ELM stock on TipRanks’ Stock Analysis page.