Element Solutions Inc. is a global specialty chemicals company headquartered in Fort Lauderdale, Florida. The company formulates and sells advanced chemical solutions and materials that enhance the performance of products in consumer electronics, semiconductor fabrication, automotive systems, and offshore energy. Element Solutions is distinctive for its focus on high-value, consumable chemical processes that are deeply integrated into its customers' manufacturing workflows, providing reliable, recurring revenue.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
2,551,200
2,456,900
2,333,200
2,549,400
Cost of Sales
1,480,700
1,421,200
1,414,700
1,596,700
Gross Profit
1,070,500
1,035,700
918,500
952,700
Selling, General & Administrative Expenses
660,700
628,800
596,800
578,600
Research & Development Expenses
67,600
63,000
68,100
48,800
Other Operating Expenses
—
—
80,000
—
Operating Profit
342,200
343,900
173,600
325,300
Interest Expense
(53,400)
(56,300)
(49,300)
(51,200)
Non-Operating Income
(141,200)
100
4,800
(2,100)
Total Non-Operating Income
(194,600)
(56,200)
(44,500)
(53,300)
Income Before Provision for Income Taxes
265,600
287,700
129,100
272,000
Provision for Income Taxes
74,600
44,800
13,000
85,800
Consolidated Net Income
191,000
242,900
116,100
186,200
Net Income Attributable to Minority Interests and Other
200
300
100
800
Net Income Attributable to Discontinued Operations
—
1,600
2,100
1,800
Net Income Attributable to Common Shareholders
190,800
244,200
118,100
187,200
Basic EPS
0.79
1.01
0.49
0.76
Diluted EPS
0.79
1.01
0.49
0.76
Basic Weighted Average Shares Outstanding
242,000
242,100
241,400
245,100
Diluted Weighted Average Shares Outstanding
242,400
242,600
241,800
245,800
Shares Outstanding
242,700
242,182
241,534
240,790
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
626,500
359,400
289,300
265,600
Total Cash and Cash Equivalents
626,500
359,400
289,300
265,600
Accounts Receivable
517,700
439,600
461,800
455,800
Total Trade Receivables
517,700
439,600
461,800
455,800
Inventories
294,700
246,200
298,900
290,700
Other Current Assets
143,600
224,800
147,500
176,600
Total Current Assets
1,582,500
1,270,000
1,197,500
1,188,700
Net Property, Plant & Equipment
319,600
276,800
296,900
277,200
Net Intangible Assets
657,200
732,000
879,300
805,500
Goodwill
2,241,900
2,132,000
2,336,700
2,412,800
Other Long-Term Assets
300,200
463,100
263,700
219,500
Total Assets
5,101,400
4,873,900
4,974,100
4,903,700
Accounts Payable
165,500
121,300
140,600
132,200
Accrued Expenses
264,400
229,300
217,300
200,700
Current Portion of Long-Term Debt
—
10,400
11,500
11,500
Other Current Liabilities
—
18,700
—
—
Total Current Liabilities
429,900
379,700
369,400
344,400
Long-Term Debt
1,625,900
1,813,600
1,921,000
1,883,800
Other Long-Term Liabilities
356,200
282,200
339,400
326,400
Total Long-Term Liabilities
1,982,100
2,095,800
2,260,400
2,210,200
Total Liabilities
2,412,000
2,475,500
2,629,800
2,554,600
Common Stock
2,700
2,700
2,700
2,700
Treasury Stock
(393,900)
(349,500)
(341,900)
(334,200)
Additional Paid-in Capital
4,279,200
4,214,100
4,196,900
4,185,900
Accumulated Other Comprehensive Income
(308,900)
(467,200)
(345,900)
(298,100)
Retained Earnings
(904,600)
(1,017,100)
(1,183,300)
(1,223,800)
Total Common Shareholders' Equity
2,674,500
2,383,000
2,328,500
2,332,500
Minority Interests and Other
14,900
15,400
15,800
16,600
Total Shareholders' Equity
2,689,400
2,398,400
2,344,300
2,349,100
Total Liabilities and Shareholders' Equity
5,101,400
4,873,900
4,974,100
4,903,700
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
382,000
485,800
232,200
372,400
Depreciation & Amortization
151,200
157,600
166,700
161,300
Share-Based Compensation Expense
59,100
14,800
9,400
17,700
Other Adjustments
(33,000)
(40,700)
41,700
29,900
Changes in Trade Receivables
(57,600)
(29,900)
(6,800)
6,400
Changes in Inventories
(39,100)
7,800
(9,500)
(31,200)
Changes in Accounts Payable
27,400
(1,000)
300
(100)
Changes in Accrued Expenses
(300)
33,000
9,900
(33,000)
Changes in Other Operating Activities
(8,900)
(20,900)
8,000
(39,500)
Cash from Operating Activities
289,800
362,000
333,600
295,900
Capital Expenditure
(62,200)
(68,400)
(52,700)
(47,800)
Proceeds from Sale of Property, Plant & Equipment
1,500
—
1,400
4,800
Payments for Business Acquisitions
—
(3,900)
(214,800)
(22,600)
Proceeds from Business Divestments
321,200
—
—
—
Other Investing Activities
25,600
(1,500)
15,900
(9,600)
Cash from Investing Activities
286,100
(73,800)
(250,200)
(75,200)
Issuance of Long-Term Debt
—
1,040,100
1,297,100
—
Repayments of Long-Term Debt
(202,600)
(1,152,600)
(1,264,100)
(16,400)
Net Issuance / (Repayments) of Long-Term Debt
(202,600)
(112,500)
33,000
(16,400)
Repurchases of Common Shares
(25,000)
—
—
(151,000)
Net Issuance / (Repurchases) of Common Shares
(25,000)
—
—
(151,000)
Common Share Dividends Paid
(77,800)
(78,200)
(77,400)
(78,400)
Other Financing Activities
(15,000)
(15,900)
(14,300)
(29,800)
Cash from Financing Activities
(320,400)
(206,600)
(58,700)
(275,600)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
11,600
(13,100)
(3,200)
(11,400)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash