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Element Solutions Inc operates as a specialty chemicals technology company in the United States, China, and internationally. The company operates in two segments: MacDermid Alpha Electronics Solutions and Element Specialties. Its MacDermid Alpha Electronics Solutions segment provides assembly solutions, including surface mount technologies, pastes fluxes, thermal management materials, coatings, and other attachment materials; circuitry solutions, such as circuit board metallization, circuit formation products, electronic materials, surface finishes, and film and smart surface solutions; and semiconductor solutions, which includes semiconductor assembly and wafer level packaging materials. This segment serves the mobile communications, computers, automobiles, and aerospace equipment industries. The Element Specialties segment offers industrial solutions, including electroless nickel, plating products, pre-treatment and cleaning solutions, functional conversion coatings, and water treatment; and energy solutions, which includes offshore fluids. This segment serves the aerospace, automotive, construction, consumer electronics, and oil and gas production end markets. The company was formerly known as Platform Specialty Products Corporation and changed its name to Element Solutions Inc in January 2019. Element Solutions Inc was founded in 1785 and is based in Miami Beach, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.6B | $470M | $191M | $228M | 7.1% | 3.8% | -21.9% |
| 2024 | $2.5B | $502M | $244M | $294M | 10.2% | 5.3% | 106.8% |
| 2023 | $2.3B | $345M | $118M | $281M | 5.1% | -8.5% | -36.9% |
| 2022 | $2.5B | $485M | $187M | $248M | 8.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,549.40 | 2,333.20 | 2,456.90 | 2,551.20 |
| Operating Revenue | - | 2,549.40 | 2,333.20 | 2,456.90 | 2,551.20 |
| Cost Of Revenue | - | 1,596.70 | 1,414.70 | 1,421.20 | 1,480.70 |
| Gross Profit | - | 952.70 | 918.50 | 1,035.70 | 1,070.50 |
| Operating Expense | - | 627.40 | 664.90 | 691.80 | 728.30 |
| Research And Development | - | 48.80 | 68.10 | 63 | 67.60 |
| Selling General And Administration | - | 578.60 | 596.80 | 628.80 | 660.70 |
| Total Expenses | - | 2,224.10 | 2,079.60 | 2,113 | 2,209 |
| Operating Income | - | 325.30 | 253.60 | 343.90 | 342.20 |
| Total Operating Income As Reported | - | 325.30 | 173.60 | 343.90 | 342.20 |
| EBITDA | - | 484.50 | 345.10 | 501.60 | 470.20 |
| Normalized EBITDA | - | 492.60 | 423.80 | 503.80 | 500.50 |
| EBIT | - | 323.20 | 178.40 | 344 | 319 |
| Interest Expense | - | 51.20 | 49.30 | 56.30 | 53.40 |
| Net Interest Income | - | -51.20 | -49.30 | -56.30 | -53.40 |
| Other Non Operating Income Expenses | - | 6 | 3.50 | 2.30 | 7.10 |
| Other Income Expense | - | -2.10 | -75.20 | 0.10 | -23.20 |
| Interest Expense Non Operating | - | 51.20 | 49.30 | 56.30 | 53.40 |
| Net Non Operating Interest Income Expense | - | -51.20 | -49.30 | -56.30 | -53.40 |
| Pretax Income | - | 272 | 129.10 | 287.70 | 265.60 |
| Tax Provision | - | 85.80 | 13 | 44.80 | 74.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.56 | -7.87 | -0.35 | -8.51 |
| Net Income Continuous Operations | - | 186.20 | 116.10 | 242.90 | 191 |
| Net Income From Continuing And Discontinued Operation | - | 187.20 | 118.10 | 244.20 | 190.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 185.40 | 116 | 242.60 | 190.80 |
| Net Income | - | 187.20 | 118.10 | 244.20 | 190.80 |
| Net Income Common Stockholders | - | 187.20 | 118.10 | 244.20 | 190.80 |
| Net Income Including Noncontrolling Interests | - | 188 | 118.20 | 244.50 | 191 |
| Normalized Income | - | 190.94 | 186.83 | 244.45 | 212.59 |
| Diluted NI Availto Com Stockholders | - | 187.20 | 118.10 | 244.20 | 190.80 |
| Basic Average Shares | - | 245.10 | 241.40 | 242.10 | 242 |
| Diluted Average Shares | - | 245.80 | 241.80 | 242.60 | 242.40 |
| Reconciled Depreciation | - | 161.30 | 166.70 | 157.60 | 151.20 |
| Reconciled Cost Of Revenue | - | 1,596.70 | 1,414.70 | 1,421.20 | 1,480.70 |
| Total Unusual Items | - | -8.10 | -78.70 | -2.20 | -30.30 |
| Total Unusual Items Excluding Goodwill | - | -8.10 | -78.70 | -2.20 | -30.30 |
| Minority Interests | - | -0.80 | -0.10 | -0.30 | -0.20 |
| Net Income Discontinuous Operations | - | 1.80 | 2.10 | 1.60 | 0 |
| Special Income Charges | - | -2.90 | -89.30 | -13.80 | 53.60 |
| Gain On Sale Of Business | - | - | 0 | 0 | 59 |
| Other Special Charges | - | 2.90 | 9.30 | 2.40 | 5.40 |
| Write Off | - | 0 | 0 | 11.40 | 0 |
| Impairment Of Capital Assets | - | 0 | 80 | 0 | 0 |
| Gain On Sale Of Security | - | -5.20 | 10.60 | 11.60 | -83.90 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Element Solutions Incthis co. | ESI | $10.2B | 53.64↑ premium | 3.83 | 7.1% | 23.93 |
| Eastman Chemical Company | EMN | $8.3B | 17.47 | 1.39 | 8.0% | 9.62 |
| The Mosaic Company | MOS | $7.3B | 13.46 | 0.60 | 4.5% | 4.90 |
| Century Aluminum Company | CENX | $6.6B | 157.29 | 8.16 | 5.2% | 49.15 |
| Celanese Corporation | CE | $5.9B |
| - |
| - |
| - |
| - |
| - |
| -5.08 |
| 1.46 |
| -28.8% |
| 65.88 |
| Warrior Met Coal, Inc. | HCC | $5.6B | 98.13 | 2.61 | 2.7% | 22.01 |
| Balchem Corporation | BCPC | $5.1B | 32.79 | 4.04 | 12.3% | 20.33 |
| Sensient Technologies Corporation | SXT | $4.8B | 35.70 | 4.02 | 11.3% | 20.41 |
| Materion Corporation | MTRN | $4.7B | 63.23 | 5.02 | 7.9% | 28.96 |
| Peer Median | - | 34.25 | 3.32 | 6.6% | 21.21 | |