Element Solutions reports Q1 adjusted EPS 34c, consensus 32c

Reports Q1 revenue $575M, consensus $587.51M. President and Chief Executive Officer Benjamin Gliklich commented, “Element Solutions executed well this quarter in recovering electronics markets. Our ongoing investment in high-value technologies, particularly in advanced packaging and semiconductor markets, has driven favorable mix, while the carryover of our pricing actions against deflating raw materials prices led margins higher in our industrial business. The overall impact was substantial margin expansion and 17% constant-currency adjusted EBITDA growth. Contribution from ongoing investment in innovation for leading edge electronics applications should continue to drive our value proposition and profitability higher from here over time.”