Element Solutions Stock Rises 16% in 3 Months: What's Driving It? [Yahoo! Finance]
Element Solutions Inc. (ESI)
Last element solutions inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Image Source: Zacks Investment Research Let's take a look at the factors driving the stock's price appreciation. What's Driving ESI? Element Solutions is on track to achieve record-adjusted EBITDA in 2024, driven by strong execution and strategic positioning in the electronics sector, which underpins its robust long-term growth outlook. The company has revised its 2024 adjusted EBITDA forecast upward from the $515-$530 million range to $530-$545 million. It anticipates adjusted earnings per share (EPS) for 2024 to be between $1.40 and $1.46, with an expected free cash flow of $280-$300 million. In the second quarter of 2024, Element Solutions posted an adjusted EPS of 36 cents, which outdid the Zacks Consensus Estimate of 35 cents. The company reported net sales of $612.7 million, indicating a 5% year-over-year increase and exceeding the Zacks Consensus Estimate of $611.6 million. Organic net sales grew 4%, while adjusted EBITDA rose 16% year over year to reach $135 million.
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News
- Element Solutions Inc to Participate in the UBS Global Technology and AI ConferenceBusiness Wire
- Element Solutions' (NYSE:ESI) Dividend Will Be $0.08 [Yahoo! Finance]Yahoo! Finance
- Element Solutions Inc Declares Q4 Dividend of $0.08 Per ShareBusiness Wire
- Investors in Element Solutions (NYSE:ESI) have seen solid returns of 152% over the past five years [Yahoo! Finance]Yahoo! Finance
- Element Solutions Inc (NYSE: ESI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
ESI
Earnings
- 10/28/24 - In-Line
ESI
Sec Filings
- 11/14/24 - Form SC
- 10/29/24 - Form 10-Q
- 10/28/24 - Form 8-K
- ESI's page on the SEC website