Element Solutions Full Year 2024 Earnings: Beats Expectations

Element Solutions (NYSE:ESI) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.46b (up 5.3% from FY 2023).
• Net income: US$242.6m (up 109% from FY 2023).
• Profit margin: 9.9% (up from 5.0% in FY 2023).
• EPS: US$1.00 (up from US$0.48 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Element Solutions Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Electronics segment contributing a total revenue of US$1.56b (64% of total revenue). Notably, cost of sales worth US$1.42b amounted to 58% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$628.8m (79% of total expenses). Explore how ESI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 6.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Element Solutions that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.