Reports Q4 revenue $574M, consensus $590.46M. President and Chief Executive Officer Benjamin Gliklich commented, "Element Solutions delivered record revenue, adjusted EBITDA and adjusted earnings per share in 2022. We outperformed our core end markets and grew organically through a persistent focus on servicing customers, pro-active price actions and prudent cost management. Our people were resilient and long-term oriented in a year characterized by short-term disruptions from war to continued COVID lockdowns. Our results were impacted by a general economic softening, raw material inflation, foreign exchange volatility, and a steep decline in consumer electronics demand in the second half. Despite these headwinds, for the full year 2022, we delivered balanced organic growth of 5% in both our business segments. We grew adjusted EBITDA by 8% on a constant currency basis. The hallmark stability of our margin and cash flows was evident once again. While we moderated discretionary spend to preserve profits, we continued to invest in our businesses through bolt-on acquisitions and capital projects. We also returned approximately $230 million to shareholders through dividends and the repurchase of 8 million shares at prices below our view of the intrinsic value of our Company."
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