Element Solutions Inc

Listed Company

ESICIK 0001590714NYSELarge AcceleratedMiscellaneous Chemical ProductsFY ends Dec 31

Period

FY 2025

Revenue

$2.55B

Net Income

$190.80M

Total Assets

$5.10B

Equity

$2.67B

Shares Out

243.61M

Op. Cash Flow

$289.80M

Business

Element Solutions Inc supplies specialty chemical solutions that enhance performance across manufacturing processes in electronics, industrial and energy sectors. It offers formulated wet chemistries, assembly materials, plating and surface finishing systems, photopolymers, offshore hydraulic fluids and related technical services. Operations are organized into two reportable segments: Electronics (Assembly Solutions, Circuitry Solutions, Semiconductor Solutions) and Industrial & Specialty (Industrial Solutions, Graphics Solutions, Energy Solutions). The company serves global markets through regional sales and technical teams, distributors, OEM partnerships and local manufacturing sites near customer operations.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	2,551	2,457	2,333	2,549	2,400
Cost of sales	1,481	1,421	1,415	1,597	1,439
Gross profit	1,071	1,036	919	953	961
Selling, technical, general and administrative	661	629	597	579	611
Research and development	68	63	68	49	50
Goodwill impairment	0	0	80	0	0
Total operating expenses	728	692	745	627	661
Operating profit	342	344	174	325	300
Interest expense, net	−53	−56	−49	−51	−54
Foreign exchange (losses) gains	−35	25	8	−5	16
Other expense, net	−47	−25	−3	3	−10
Gain on divestitures	59	0	0	—	—
Total other expense	−77	−56	−45	−53	−48
Income before income taxes and non-controlling interests	266	288	129	272	252
Income tax expense	−75	−45	−13	−86	−48
Net income from continuing operations	191	243	116	186	203
Income from discontinued operations, net of tax	0	2	2	2	300,000
Net income	191	245	118	188	204
Net income attributable to the non-controlling interests	−200,000	−300,000	−100,000	−800,000	−400,000
Net income attributable to common stockholders	191	244	118	187	—
Basic from continuing operations (in dollars per share)	0.79	1	0.48	0.75	0.82
Basic from discontinued operations (in dollars per share)	0	0.01	0.01	0.01	0
Basic attributable to common stockholders (in dollars per share)	0.79	1.01	0.49	0.76	0.82
Diluted from continuing operations (in dollars per share)	0.79	1	0.48	0.75	0.82
Diluted from discontinued operations (in dollars per share)	0	0.01	0.01	0.01	0
Diluted attributable to common stockholders (in dollars per share)	0.79	1.01	0.49	0.76	0.82
Basic (in shares)	242	242	241	245	247
Diluted (in shares)	242	243	242	246	248

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	627	359	289	266	330
Accounts receivable, net of allowance for doubtful accounts of $9.4 and $10.3 at December 31, 2025 and 2024, respectively	518	440	462	456	492
Inventories	295	246	299	291	274
Prepaid expenses	28	23	33	39	29
Other current assets	115	137	115	138	88
Current assets held for sale	0	65	0	—	—
Total current assets	1,583	1,270	1,198	1,189	1,215
Property, plant and equipment, net	320	277	297	277	278
Goodwill	2,242	2,132	2,337	2,413	2,526
Intangible assets, net	657	732	879	806	957
Deferred income tax assets	176	133	121	52	82
Other assets	125	141	143	168	81
Non-current assets held for sale	0	189	0	—	0
Total assets	5,101	4,874	4,974	4,904	5,138
Accounts payable	166	121	141	132	138
Current installments of long-term debt	0	10	12	12	13
Accrued expenses and other current liabilities	264	229	217	201	264
Current liabilities held for sale	0	19	0	—	0
Total current liabilities	430	380	369	344	415
Debt	1,626	1,814	1,921	1,884	1,894
Pension and post-retirement benefits	22	22	28	37	36
Deferred income tax liabilities	93	94	109	121	140
Other liabilities	241	153	202	169	152
Non-current liabilities held for sale	0	14	0	—	—
Total liabilities	2,412	2,476	2,630	2,555	2,638
Commitments and contingencies (Note $18)	—	—	—	—	—
Preferred stock - Series A	0	0	—	—	—
Common stock, 400.0 shares authorized (2025: 269.6 shares issued; 2024: 267.2 shares issued)	3	3	3	3	3
Additional paid-in capital	4,279	4,214	4,197	4,186	4,167
Treasury stock (2025: 26.9 shares; 2024: 25.0 shares)	−394	−350	−342	−334	−159
Accumulated deficit	−905	−1,017	−1,183	−1,224	−1,332
Accumulated other comprehensive loss	−309	−467	−346	−298	−197
Total stockholders' equity	2,675	2,383	2,329	2,333	2,481
Non-controlling interests	15	15	16	17	20
Total equity	2,689	2,398	2,344	2,349	2,501
Total liabilities and stockholders' equity	5,101	4,874	4,974	4,904	5,138

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	151	158	167	161	164
Deferred income taxes	−13	−39	−70	15	−47
Foreign exchange losses (gains)	29	−24	−11	3	−7
Incentive stock compensation	59	15	9	18	40
Other, net	9	23	42	11	18
Accounts receivable	−58	−30	−7	6	−49
Inventories	−39	8	−10	−31	−47
Accounts payable	27	−1	300,000	−100,000	17
Accrued expenses	−300,000	33	10	−33	43
Prepaid expenses and other current assets	−22	−4	2	−27	−25
Other assets and liabilities	13	−18	4	−15	15
Net cash flows provided by operating activities	290	362	334	296	326
Capital expenditures	−62	−68	−53	−48	−46
Proceeds from disposal of property, plant and equipment	2	0	1	5	0
Proceeds from divestitures (net of cash of $2.4 million)	321	0	0	—	0
Acquisitions, net of cash acquired	0	−4	−215	—	—
Other, net	26	−2	16	−10	14
Net cash flows provided by (used in) investing activities	286	−74	−250	−75	−569
Debt proceeds, net of discount	0	1,040	1,297	0	398
Repayments of borrowings	−203	−1,153	−1,264	−16	−10
Repurchases of common stock	−25	0	0	−151	−20
Dividends	−78	−78	−77	−78	−62
Payment of financing fees	0	−3	−6	−2	−5
Other, net	−15	−13	−8	−28	−11
Net cash flows used in financing activities	−320	−207	−59	−276	290
Net cash flows provided by operating activities of discontinued operations	0	2	2	2	−4
Effect of exchange rate changes on cash and cash equivalents	12	−13	−3	−11	—
Net increase in cash and cash equivalents	267	70	24	−65	38
Cash paid for income taxes	99	—	—	—	—

Filings

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