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Element Solutions Inc (ESI)
NYSE:ESI
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.35Last Year’s EPS
$0.32Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: -3.23%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook, with strong performance in the Electronics segment, successful divestitures, and improved profitability. However, challenges remain in the Industrial and Specialty segment, particularly in automotive and European markets.Company Guidance
In the Q3 2024 earnings call for Element Solutions (ESI), the company provided a robust financial and strategic outlook. The Electronics segment saw a 9% organic revenue growth, driven by wafer level packaging and semiconductor assembly advancements. Despite softness in smartphone and industrial electronics markets, the segment outperformed, boosted by demand in high-performance computing and electric vehicle applications. The Industrial and Specialty segment faced challenges with softening European demand and lower metal price surcharges, yet profitability improved with adjusted EBITDA growth, aided by cost actions and a strong energy business. The divestiture of the Graphic Solutions business is expected to enhance long-term growth and margins, with the transaction projected to be 230 basis points accretive to CRI. For 2024, ESI narrowed its adjusted EBITDA guidance to $535-$540 million, reflecting mid-teens constant currency growth. Looking forward, the company anticipates broader electronics market growth in 2025, supported by strategic innovations and acquisitions, positioning ESI for another record year.Strong Electronics Segment Growth
The Electronics segment experienced 9% organic growth, driven by standout volume growth in wafer-level packaging and semiconductor assembly.
Record Segment Revenue
Record segment revenue in the Electronics business was achieved despite mixed recovery in end markets.
Successful Divestiture of Graphic Solutions
The divestiture of Graphic Solutions is expected to be accretive to growth and returns, with a transaction valued at a double-digit multiple.
Improved Profitability and Adjusted EBITDA
Adjusted EBITDA grew 8% on a constant currency basis, driven by improved gross margins and raw material cost actions.
Positive Free Cash Flow and Debt Management
Generated $86 million of free cash flow and repriced interest rates on term loans to SOFR plus 1.75%.
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ESI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ESI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $26.60 | $27.61 | +3.80% |
| Jul 29, 2024 | $26.76 | $25.95 | -3.03% |
| Apr 29, 2024 | $23.93 | $22.92 | -4.22% |
| Feb 20, 2024 | $23.19 | $22.71 | -2.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Element Solutions Inc (ESI) report earnings?
Element Solutions Inc (ESI) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Element Solutions Inc (ESI) earnings time?
Element Solutions Inc (ESI) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ESI EPS forecast?
ESI EPS forecast for the fiscal quarter 2024 (Q4) is $0.35.
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