Element Solutions Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Element Solutions (NYSE:ESI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$645.0m (up 7.6% from 3Q 2023).
• Net income: US$40.3m (up from US$31.8m loss in 3Q 2023).
• Profit margin: 6.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: US$0.17 (up from US$0.13 loss in 3Q 2023).

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

Element Solutions Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 12% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Element Solutions.

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