element solutions inc produces and sells specialty chemical products the united states, china, and internationally. the company operates in two segments, electronics and industrial & specialty. the electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products. this segment offers electronic assembly materials; circuitry solutions comprising circuit board metallization products, circuit formation products, and electronic materials; and semiconductor solutions. this segment primarily serves mobile communications, computers, automobiles, and aerospace equipment industries. the industrial & specialty segment provides industrial solutions, which include chemical systems that protect and decorate metal and plastic surfaces; graphics solutions that comprise consumable chemicals that enable printing image transfer on flexible packaging materials; and energy solutions, which consist of chemistries used in water-base
Company profile
Ticker
ESI
Exchange
Website
CEO
Ben Gliklich
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Cabot • Orion S.A • Versum Materials • WD-40 • Arq • GlyEco • Flexible Solutions International • Flotek Industries • ASP Isotopes • CuraScientific ...
Former names
Platform Specialty Products Corp
SEC CIK
Corporate docs
Subsidiaries
AI Divestitures, Inc. • Alent Enthone Chemistry (Shanghai) Co., Ltd. • Alent Finance Limited • Alent Germany GmbH • Alent Holdings Brazil Limited • Alent Holdings BV • Alent, Inc. • Alent Investments, Inc. • Alent Investments Limited • Alent Limited ...
ESI stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
10 Apr 24
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Feb 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Announces 2023 Fourth Quarter and Full Year Financial Results
20 Feb 24
UPLOAD
Letter from SEC
15 Feb 24
CORRESP
Correspondence with SEC
12 Feb 24
UPLOAD
Letter from SEC
30 Jan 24
CORRESP
Correspondence with SEC
19 Jan 24
8-K
Entry into a Material Definitive Agreement
22 Dec 23
10-Q
2023 Q3
Quarterly report
26 Oct 23
Transcripts
ESI
Earnings call transcript
2023 Q4
21 Feb 24
ESI
Earnings call transcript
2023 Q3
26 Oct 23
ESI
Earnings call transcript
2023 Q2
27 Jul 23
ESI
Earnings call transcript
2023 Q1
27 Apr 23
ESI
Earnings call transcript
2022 Q4
22 Feb 23
ESI
Earnings call transcript
2022 Q3
29 Oct 22
ESI
Earnings call transcript
2022 Q2
30 Jul 22
ESI
Earnings call transcript
2022 Q1
28 Apr 22
ESI
Earnings call transcript
2021 Q4
23 Feb 22
ESI
Earnings call transcript
2021 Q3
28 Oct 21
Latest ownership filings
144
Notice of proposed sale of securities
22 Mar 24
144
Notice of proposed sale of securities
8 Mar 24
4
Richard L. Fricke
1 Mar 24
144
Notice of proposed sale of securities
28 Feb 24
144
Notice of proposed sale of securities
23 Feb 24
4
Richard L. Fricke
21 Feb 24
4
Matthew Liebowitz
21 Feb 24
4/A
Michael Goralski
21 Feb 24
4/A
Joseph J. D'Ambrisi
21 Feb 24
4/A
Carey J. Dorman
21 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 329.60 mm | 329.60 mm | 329.60 mm | 329.60 mm | 329.60 mm | 329.60 mm |
Cash burn (monthly) | (no burn) | (no burn) | 5.47 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 36.16 mm | n/a | n/a | n/a |
Cash remaining | n/a | n/a | 293.44 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | n/a | 53.7 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
97.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 247 |
Opened positions | 31 |
Closed positions | 48 |
Increased positions | 83 |
Reduced positions | 93 |
13F shares | Current |
---|---|
Total value | 4.36 tn |
Total shares | 235.11 mm |
Total puts | 297.10 k |
Total calls | 193.10 k |
Total put/call ratio | 1.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 22.72 mm | $445.52 bn |
FMR | 19.23 mm | $377.15 bn |
T. Rowe Price Investment Management | 17.69 mm | $346.33 bn |
Dimensional Fund Advisors | 12.70 mm | $249.14 bn |
Franklin Martin E | 12.40 mm | $134.55 mm |
Wellington Management | 11.63 mm | $228.09 bn |
BLK Blackrock | 11.43 mm | $224.10 bn |
Alliancebernstein | 8.57 mm | $168.02 bn |
Gates Capital Management | 8.12 mm | $159.27 bn |
Neuberger Berman | 7.22 mm | $141.65 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Feb 24 | Richard L. Fricke | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 23.4 | 9,500 | 222.30 k | 36,229 |
15 Feb 24 | Michael Goralski | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 23.2 | 1,169 | 27.12 k | 146,297 |
15 Feb 24 | Michael Goralski | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 0 | 2,521 | 0.00 | 147,466 |
15 Feb 24 | Michael Goralski | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,521 | 0.00 | 0 |
15 Feb 24 | Joseph J. D'Ambrisi | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 23.2 | 1,771 | 41.09 k | 410,077 |
15 Feb 24 | Joseph J. D'Ambrisi | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 0 | 3,821 | 0.00 | 411,848 |
15 Feb 24 | Joseph J. D'Ambrisi | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 3,821 | 0.00 | 3,821 |
15 Feb 24 | Dorman Carey J. | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 23.2 | 1,410 | 32.71 k | 177,113 |
15 Feb 24 | Dorman Carey J. | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 0 | 3,583 | 0.00 | 178,523 |
15 Feb 24 | Dorman Carey J. | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 3,583 | 0.00 | 3,582 |
News
Goldman Sachs Maintains Neutral on Element Solutions, Raises Price Target to $26
6 Mar 24
Critical Insights From Element Solutions Analyst Ratings: What You Need To Know
5 Mar 24
Goldman Sachs Maintains Neutral on Element Solutions, Raises Price Target to $26
5 Mar 24
Wolfe Research Initiates Coverage On Element Solutions with Peer Perform Rating
1 Mar 24
Earnings Scheduled For March 1, 2024
1 Mar 24
Press releases
Element Solutions Inc Announces Date for 2024 First Quarter Earnings Release
15 Apr 24
Element Solutions Inc to Participate in an Electronics Q&A Session Hosted by Goldman Sachs
29 Mar 24
Element Solutions Inc to Participate in the Bank of America 2024 Global Agriculture and Materials Conference
15 Feb 24
Element Solutions Inc Declares Q1 Dividend of $0.08 Per Share
13 Feb 24
MacDermid Enthone Industrial Solutions Celebrates Laboratory Opening In Japan With Ribbon Cutting Ceremony
13 Feb 24