Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
It has been about a month since the last earnings report for Element Solutions (ESI - Free Report) . Shares have lost about 2.7% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Element Solutions due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Element Solutions Inc. before we dive into how investors and analysts have reacted as of late.
Element Solutions’ Q2 Earnings Beat Estimates on Electronics StrengthElement Solutions reported adjusted earnings of 47 cents per share for the second quarter of 2026, up 27% from 37 cents a year ago. The figure beat the Zacks Consensus Estimate of 43 cents.
Net sales surged 56% year over year to $977.9 million and topped the consensus estimate of $877.3 million by 11.5%. Organic sales rose 15%, driven by strong Electronics demand, acquisitions and higher pass-through metals pricing.
Segment HighlightsElectronics segment sales jumped 75% year over year to $767 million in the reported quarter. The figure beat the consensus estimate of $695 million. Organic net sales increased 20%, while acquisitions contributed 29% to reported growth. The segment also benefited from $107 million of higher pass-through metals pricing and $129 million in sales contributions from acquisitions. Electronics adjusted EBITDA climbed 47% to $141.5 million.
Specialties segment sales increased 14% year over year to $210.9 million. The figure missed the consensus estimate of $213 million. Organic net sales rose 3%, while acquisitions net of divestitures added 9% to reported growth. Acquisitions contributed $16.1 million to the segment’s consolidated revenues during the quarter. Specialties adjusted EBITDA advanced 7% to $42 million.
FinancialsElement Solutions ended the second quarter with cash and cash equivalents of $189.6 million. Total debt stood at $2.06 billion. Cash flows from operating activities were $99.6 million in the second quarter. Capital expenditures increased to $27.9 million. Free cash flow rose to $73.7 million, demonstrating stronger quarterly cash generation.
OutlookElement Solutions raised its full-year 2026 adjusted EBITDA guidance to a range of $690-$710 million from its previous projection of $665-$685 million. The updated range includes expected full-year contributions from the Micromax and EFC acquisitions and assumes stable foreign exchange rates and metal prices.
The company also expects adjusted earnings per share to grow approximately 20% in 2026. For the third quarter, management projects adjusted EBITDA of about $180 million. The improved outlook reflects stronger organic expectations, continued progress on the Micromax integration and advancement of the Kuprion scale-up initiative.
Management said core markets remain healthy and customer engagements are accelerating as customers address increasingly demanding technical roadmaps. The company expects its focus on operational execution and capital allocation to continue supporting profit growth.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
VGM ScoresAt this time, Element Solutions has a average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Element Solutions has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE: ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals technology company, today announced that the merger agreement between Element Solutions and Solstice Advanced Materials Inc. (“Solstice”) has been mutually terminated. Chairman Ian G.H. Ashken commented, “While the strategic and financial rationale of the proposed transaction was compelling, based on constructive feedback from our shareholders and discus.
Key Takeaways ESI and Solstice mutually terminated their merger, with neither company owing a payment.Shareholder feedback led both boards to conclude the companies are better served as standalone businesses.ESI will focus on operational excellence, prudent capital allocation, new products and portfolio growth. Element Solutions Inc. (ESI - Free Report) and Solstice Advanced Materials Inc. have mutually agreed to terminate their previously announced merger agreement. The decision follows constructive feedback from Element Solutions’ shareholders, with both companies’ boards concluding that the businesses would better serve their respective shareholders as standalone companies at this time. Neither company will be responsible for any payment under the terms of the agreement due to the mutually agreed termination.
Although Element Solutions viewed the proposed transaction as strategically and financially compelling, management said shareholders continue to value the company’s strong management team, unique culture and diversified business portfolio in its current form.
The termination will allow ESI to remain focused on its growth strategy. Going forward, the company plans to focus on operational excellence, prudent capital allocation and developing a strong entrepreneurial team.
The company’s healthy balance sheet and new product launches are its key opportunities ahead. With the merger terminated without financial penalties, Element Solutions retains flexibility to allocate capital to shareholder-focused initiatives. The decision enables the company to emphasize strengthening its existing portfolio and nurture growth momentum.
ESI shares have gained 46.1% on a year-to-date basis against the industry’s 11.9% decline.
Image Source: Zacks Investment Research
ESI’s Zacks Rank & Key PicksESI currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Neo Performance Materials Inc. (NOPMF - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Avient Corporation (AVNT - Free Report) .
While NOPMF currently sports a Zacks Rank #1 (Strong Buy), CRS and AVNT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NOPMF’s 2026 earnings is pinned at $1.4 per share, indicating a 185.71% year-over-year increase. NOPMF’sshares have gained 95.5% over the past year.
The Zacks Consensus Estimate for CRS’ fiscal 2027 earnings is pegged at $12.92 per share, indicating a rise of 20.07% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.39%.
The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’sshares have gained 18.4% over the past year.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE: ESI) announced today that its board has declared a quarterly cash dividend of $0.08 per share of the company's common stock. The declared dividend will be paid on September 15, 2026, to stockholders of record as of the close of business on September 1, 2026. About Element Solutions Inc Element Solutions Inc is a leading global specialty chemicals technology company whose businesses supply a broad range of solutions that enhance the performanc.
Empowered Funds LLC acquired a new stake in Element Solutions Inc. (NYSE:ESI – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,033 shares of the company’s stock, valued at approximately $1,708,000.
A number of other institutional investors have also recently added to or reduced their stakes in ESI. Invesco Ltd. boosted its position in shares of Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock worth $176,660,000 after buying an additional 2,146,512 shares in the last quarter. Scopus Asset Management L.P. raised its position in Element Solutions by 134.6% during the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after acquiring an additional 1,965,691 shares during the last quarter. Jain Global LLC raised its position in Element Solutions by 253.3% during the fourth quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock worth $53,161,000 after acquiring an additional 1,525,195 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Element Solutions by 4,492.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,545,075 shares of the company’s stock valued at $38,611,000 after purchasing an additional 1,511,430 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Element Solutions by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock valued at $277,889,000 after purchasing an additional 1,298,273 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities analysts have recently weighed in on ESI shares. Seaport Research Partners reissued a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. Mizuho reaffirmed a “neutral” rating and set a $45.00 price objective (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. BMO Capital Markets reissued an “outperform” rating on shares of Element Solutions in a research note on Tuesday, July 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $43.50.
Check Out Our Latest Research Report on ESI
Element Solutions Stock Performance NYSE:ESI opened at $37.94 on Friday. The firm’s fifty day simple moving average is $41.25 and its 200 day simple moving average is $37.52. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. Element Solutions Inc. has a twelve month low of $22.86 and a twelve month high of $49.25. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 51.26, a PEG ratio of 1.32 and a beta of 1.26.
Element Solutions (NYSE:ESI – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The firm had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 56.4% compared to the same quarter last year. As a group, equities research analysts expect that Element Solutions Inc. will post 1.81 earnings per share for the current fiscal year.
Element Solutions Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s dividend payout ratio (DPR) is currently 43.24%.
Element Solutions Company Profile (Free Report)
Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
Featured Articles Five stocks we like better than Element Solutions Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value Want to see what other hedge funds are holding ESI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Element Solutions Inc. (NYSE:ESI – Free Report).
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Investors in Element Solutions Inc (ESI - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 18, 2026 $12.5 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Element Solutions shares, but what is the fundamental picture for the company? Currently, Element Solutions is a Zacks Rank #3 (Hold) in the Chemical – Specialty industry that ranks in the Top 34% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimate for the current quarter, while none have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 46 cents per share to 47 cents in that period.
Given the way analysts feel about Element Solutions right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Key Takeaways Element Solutions' adjusted EPS rose 27% to 47 cents, while sales climbed 56% to $977.9 million.Electronics sales jumped 75% on organic growth, acquisitions and higher pass-through metals pricing.Element Solutions raised 2026 adjusted EBITDA guidance to $690 million-$710 million. Element Solutions Inc. (ESI - Free Report) reported adjusted earnings of 47 cents per share for the second quarter of 2026, up 27% from 37 cents a year ago. The figure beat the Zacks Consensus Estimate of 43 cents.
Net sales surged 56% year over year to $977.9 million and topped the consensus estimate of $877.3 million by 11.5%. Organic sales rose 15%, driven by strong Electronics demand, acquisitions and higher pass-through metals pricing.
Segment HighlightsElectronics segment sales jumped 75% year over year to $767 million in the reported quarter. The figure beat the consensus estimate of $695 million. Organic net sales increased 20%, while acquisitions contributed 29% to reported growth. The segment also benefited from $107 million of higher pass-through metals pricing and $129 million in sales contributions from acquisitions. Electronics adjusted EBITDA climbed 47% to $141.5 million.
Specialties segment sales increased 14% year over year to $210.9 million. The figure missed the consensus estimate of $213 million. Organic net sales rose 3%, while acquisitions net of divestitures added 9% to reported growth. Acquisitions contributed $16.1 million to the segment’s consolidated revenues during the quarter. Specialties adjusted EBITDA advanced 7% to $42 million.
FinancialsElement Solutions ended the second quarter with cash and cash equivalents of $189.6 million. Total debt stood at $2.06 billion. Cash flows from operating activities were $99.6 million in the second quarter. Capital expenditures increased to $27.9 million. Free cash flow rose to $73.7 million, demonstrating stronger quarterly cash generation.
OutlookElement Solutions raised its full-year 2026 adjusted EBITDA guidance to a range of $690-$710 million from its previous projection of $665-$685 million. The updated range includes expected full-year contributions from the Micromax and EFC acquisitions and assumes stable foreign exchange rates and metal prices.
The company also expects adjusted earnings per share to grow approximately 20% in 2026. For the third quarter, management projects adjusted EBITDA of about $180 million. The improved outlook reflects stronger organic expectations, continued progress on the Micromax integration and advancement of the Kuprion scale-up initiative.
Management said core markets remain healthy and customer engagements are accelerating as customers address increasingly demanding technical roadmaps. The company expects its focus on operational execution and capital allocation to continue supporting profit growth.
ESI’s Price PerformanceShares of Element Solutions have gained 57.6% in a year compared with the 6.4% rise in the industry.
Image Source: Zacks Investment Research
ESI’s Zacks Rank & Key PicksESI currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Carpenter Technology Corporation (CRS - Free Report) ,Kronos Worldwide, Inc. (KRO - Free Report) and Avient Corporation (AVNT - Free Report) .
Carpenter Technology is slated to report fourth-quarter fiscal 2026 results on July 30. The Zacks Consensus Estimate for earnings is pegged at $10.58 per share, indicating a 41.44% year-over-year improvement. CRS sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Kronos is scheduled to report second-quarter 2026 results on Aug. 5. The Zacks Consensus Estimate for KRO’s second-quarter loss per share is pegged at 33 cents, indicating 65.63% year-over-year growth. KRO flaunts a Zacks Rank #1 at present.
Avient is slated to report second-quarter 2026 results on Aug. 6. The consensus estimate for AVNT’s earnings per share is pegged at $3.08. AVNT presently carries a Zacks Rank #2.
On July 28, 2026, Element Solutions Inc (ESI) shares fell 3.5%, closing at $36.50. The stock has seen significant volatility over the past month, down 20.1%, wi
Element Solutions Forming Flat Base After Q2 Earnings Element Solutions NYSE: ESI reported record second-quarter revenue, adjusted EBITDA and adjusted earnings per share as demand tied to artificial intelligence infrastructure and high-performance computing drove broad growth across its electronics portfolio.
The company said organic net sales increased 15% year over year in the second quarter, while constant-currency adjusted EBITDA rose 33%. Adjusted EPS increased 27%, according to Chief Executive Officer Ben Gliklich. Excluding pass-through metals, adjusted EBITDA margin expanded 120 basis points from a year earlier to 27.8%.
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“Our organic path has tremendous momentum,” Gliklich said, pointing to a third consecutive quarter of double-digit organic sales growth and margin expansion excluding pass-through metals.
Electronics growth led by semiconductors and AI demand Electronics segment organic sales rose 20%, with each vertical recording double-digit growth. Semiconductor Solutions grew 31% organically, Assembly Solutions increased 18%, and Circuitry Solutions advanced 15%.
Management attributed the performance to sustained spending on AI infrastructure, data centers and other high-performance computing applications. The company cited demand for semiconductor packaging, advanced printed circuit board chemistries, thermal interface materials, engineered assembly materials and power-electronics applications.
Chief Financial Officer Carey Dorman said volume growth accounted for roughly 60% to two-thirds of the semiconductor business’s more than 30% organic growth during the quarter, with the remainder coming from price and mix, including higher precious-metal prices affecting certain products.
Semiconductor Solutions benefited from improved order patterns in power electronics, momentum in thermal-interface materials for high-power AI GPUs and CPUs, and demand for advanced packaging solutions from outsourced semiconductor assembly and test providers in Asia. Dorman said both the power-electronics and wafer-plating businesses recorded volume growth in the high teens.
Gliklich said Element Solutions is seeing high utilization and capacity additions among customers in advanced portions of the electronics supply chain, including leading-edge semiconductor foundries, circuit-board fabricators, device assemblers and electronics manufacturing services providers.
“At the more advanced end, we’re seeing very high utilization rates,” Gliklich said. “That is supporting substantial capacity additions at all of our major customers.”
Investment continues in Cuprion and acquired businesses The company is increasing investment in Cuprion, its active copper technology intended to address customer needs in thermal management, power delivery and copper plating on difficult substrates. Element Solutions said its initial Fremont, California, plant is sampling and qualifying material with customers.
During the quarter, the company identified opportunities to increase output from the initial facility and expanded plans for a second Fremont site. It also progressed work toward a third site in Connecticut. Gliklich said the company’s expected active-copper capacity by the end of 2027 increased materially during the second quarter.
While management did not quantify expected 2027 Cuprion revenue, Gliklich said customer demand should translate into material revenue and profit contribution that year, with a more substantial outlook for 2028 based on planned capacity.
Recent acquisitions also contributed to results. Micromax added approximately $130 million in reported quarterly sales, about two-thirds of which was metals-related, though it is excluded from the company’s organic-growth calculation. Management said the business is performing ahead of its plan, supported by volume and pricing, but expects some modest sequential softening in the second half as it takes a more conservative view of its earnings cadence.
EFC Gases & Advanced Materials contributed $16 million of second-quarter revenue. Management described the business as lumpier than Element Solutions’ other operations but said commercial activity remains healthy and it expects a substantially larger second half. Gliklich said the company has greater confidence than it did a quarter earlier in EFC’s ability to generate $30 million for the full year.
Specialty segment navigates mixed conditions In the Specialty segment, Industrial Solutions grew organic sales 3%, aided by a modest return to growth in European industrial markets, global surcharges and price increases tied to rising raw-material costs. The business has been restructuring its go-to-market and supply-chain strategy over the past year.
Offshore Energy Solutions grew organic sales 1%, slower than the first quarter, due to timing effects and disruption associated with the war in Iran, management said.
Raw-material and logistics inflation remains a consideration for the second half. Dorman said pressure has primarily come from oil-derived materials, including ethylene- and propylene-based products, particularly affecting industrial and offshore operations. Gliklich said the company does not have a major concentration in any single non-metal raw material.
Management said lower metals prices would not be expected to have a material effect on profit dollars because the company generally does not earn margins on metals.
Guidance raised as company targets lower leverage Element Solutions raised its full-year adjusted EBITDA outlook to a range of $690 million to $710 million. The guidance reflects first-half trends and execution of company initiatives, while accounting for one-time metal-hedge gains recognized in the first half of 2026 that were associated with costs recorded in the second half of 2025.
The company expects third-quarter adjusted EBITDA of approximately $180 million. Management expects demand conditions to remain sequentially similar to the first half, offset by potential pressure from raw-material and logistics inflation that may not be immediately recovered through pricing and sourcing actions.
For the fourth quarter, Element Solutions expects normal seasonal effects and fewer operating days around holidays to result in a modest decline from third-quarter levels. The company now expects full-year adjusted EPS growth of approximately 20%.
Adjusted free cash flow was $74 million in the second quarter. Capital expenditures totaled $28 million during the quarter and more than $50 million year to date. The company increased its full-year capital expenditure expectation to roughly $100 million, at the high end of its prior range, to support projects including Cuprion, thermal interface materials, plant consolidation and Industrial Solutions supply-chain initiatives.
Net leverage stood at 2.9 times on a pro forma basis including Micromax and EFC. Dorman said Element Solutions expects to reduce leverage to roughly 2.5 times by year-end, supported by earnings growth and anticipated cash generation.
Solstice transaction remains subject to approvals Management also reiterated its rationale for the proposed merger with Solstice Advanced Materials, which remains subject to shareholder and regulatory approvals and customary closing conditions. The company declined to take analyst questions on the transaction.
Gliklich said the combination would expand the companies’ electronics capabilities across chip and printed-circuit-board fabrication, packaging and assembly, while creating a broader offering in thermal management and front-end copper interconnect formation. He said the companies have identified more than $180 million in potential cost synergies and have begun integration planning.
He acknowledged that Element Solutions’ stock reaction to the announcement had been disappointing, saying the companies must demonstrate that they can execute operationally and culturally on the opportunity.
About Element Solutions (NYSE:ESI)Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company's solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Shares of Element Solutions (ESI - Free Report) have been struggling lately and have lost 18.3% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this specialty chemical and printing products is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
What is a Hammer Chart and How to Trade It?This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Increases the Odds of a Turnaround for ESIThere has been an upward trend in earnings estimate revisions for ESI lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.
The consensus EPS estimate for the current year has increased 0.4% over the last 30 days. This means that the Wall Street analysts covering ESI are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.
If this is not enough, you should note that ESI currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of Element Solutions, a Zacks Rank of 2 is a more conclusive fundamental indication of a potential turnaround.
Element Solutions (ESI - Free Report) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +9.30%. A quarter ago, it was expected that this specialty chemical and printing products would post earnings of $0.38 per share when it actually produced earnings of $0.41, delivering a surprise of +7.89%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Element Solutions, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $977.9 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 11.47%. This compares to year-ago revenues of $625.2 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Element Solutions shares have added about 49.8% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for Element Solutions?While Element Solutions has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Element Solutions was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.46 on $912.05 million in revenues for the coming quarter and $1.79 on $3.54 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Specialty is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Celanese (CE - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This chemical company is expected to post quarterly earnings of $2.21 per share in its upcoming report, which represents a year-over-year change of +53.5%. The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level.
Celanese's revenues are expected to be $2.65 billion, up 4.8% from the year-ago quarter.
MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE:ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals technology company, today announced its financial results for the three and six months ended June 30, 2026. Executive Commentary Chief Executive Officer Benjamin Gliklich commented, “Element Solutions delivered a record quarter of revenue, adjusted EBITDA and adjusted EPS. Our strategic execution – marrying operational excellence and prudent capital alloc.
First Trust Advisors LP raised its position in Element Solutions Inc. (NYSE:ESI – Free Report) by 8.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,221,483 shares of the company’s stock after purchasing an additional 180,898 shares during the period. First Trust Advisors LP owned about 0.91% of Element Solutions worth $75,841,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in ESI. Iridian Asset Management LLC CT lifted its holdings in shares of Element Solutions by 37.2% in the fourth quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock valued at $6,603,000 after purchasing an additional 71,686 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Element Solutions by 7.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock valued at $63,077,000 after purchasing an additional 174,228 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Element Solutions by 45.2% in the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock valued at $4,767,000 after purchasing an additional 59,154 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Element Solutions by 221.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 350,196 shares of the company’s stock worth $8,751,000 after purchasing an additional 241,266 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Element Solutions by 3.8% during the 4th quarter. Capital World Investors now owns 3,405,232 shares of the company’s stock worth $85,097,000 after purchasing an additional 123,244 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.
Element Solutions Price Performance ESI stock opened at $37.44 on Friday. The company has a market cap of $9.12 billion, a PE ratio of 60.38, a price-to-earnings-growth ratio of 1.30 and a beta of 1.23. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $42.04 and a two-hundred day moving average price of $36.88. Element Solutions Inc. has a 12-month low of $22.63 and a 12-month high of $49.25.
Element Solutions (NYSE:ESI – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. As a group, research analysts predict that Element Solutions Inc. will post 1.79 EPS for the current year.
Element Solutions Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 0.9%. Element Solutions’s dividend payout ratio (DPR) is presently 51.61%.
Analysts Set New Price Targets A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on Element Solutions to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Seaport Research Partners reissued a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. BMO Capital Markets upped their price objective on Element Solutions from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Finally, Truist Financial increased their price objective on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $43.00.
View Our Latest Stock Report on Element Solutions
About Element Solutions (Free Report)
Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
Read More Five stocks we like better than Element Solutions Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding ESI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Element Solutions Inc. (NYSE:ESI – Free Report).
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Bank of New York Mellon Corp boosted its position in Element Solutions Inc. (NYSE:ESI – Free Report) by 30.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,650,802 shares of the company’s stock after acquiring an additional 624,759 shares during the period. Bank of New York Mellon Corp owned about 1.09% of Element Solutions worth $90,498,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in shares of Element Solutions during the 4th quarter worth $28,000. Johnson Financial Group Inc. acquired a new position in Element Solutions in the third quarter valued at $47,000. Measured Wealth Private Client Group LLC acquired a new position in Element Solutions in the third quarter valued at $49,000. Quarry LP increased its stake in Element Solutions by 27.3% in the third quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after purchasing an additional 431 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Element Solutions by 38.6% during the third quarter. Parallel Advisors LLC now owns 2,110 shares of the company’s stock worth $53,000 after buying an additional 588 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of analysts have issued reports on the company. Truist Financial raised their price target on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. UBS Group raised their target price on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Freedom Capital upgraded shares of Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Finally, Mizuho reaffirmed a “neutral” rating and set a $45.00 price target (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $43.00.
Get Our Latest Research Report on Element Solutions
Element Solutions Price Performance Shares of Element Solutions stock opened at $38.18 on Wednesday. The business’s fifty day moving average price is $42.35 and its 200 day moving average price is $36.70. Element Solutions Inc. has a twelve month low of $22.63 and a twelve month high of $49.25. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $9.30 billion, a P/E ratio of 61.58, a PEG ratio of 1.27 and a beta of 1.23.
Element Solutions (NYSE:ESI – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. As a group, research analysts anticipate that Element Solutions Inc. will post 1.79 earnings per share for the current year.
Element Solutions Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s dividend payout ratio is 51.61%.
Element Solutions Company Profile (Free Report)
Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
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Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
AstroNova, Inc. (NASDAQ: ALOT)'s sale to Arcline Investment Management for $29.00 per share in cash. If you are an AstroNova shareholder, click here to learn more about your rights and options.
Iridium Communications Inc. (NASDAQ: IRDM)'s sale to Rocket Lab Corporation for $27.00 in cash and a number of shares of Rocket Lab common stock calculated pursuant to an exchange ratio for each share of Iridium. If you are an Iridium shareholder, click here to learn more about your rights and options.
Element Solutions Inc (NYSE: ESI)'s sale to Solstice Advanced Materials, Inc. for $10.00 in cash and 0.500 shares of Solstice common stock for each Element share. Upon closing of the Proposed Transaction, Element shareholders are expected to own approximately 44% of the combined company. If you are an Element shareholder, click here to learn more about your rights and options.
Solstice Advanced Materials, Inc. (NASDAQ: SOLS)'s merger with Element Solutions. If you are a Solstice shareholder, click here to learn more about your legal rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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BALA CYNWYD, Pa., July 21, 2026 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.
MILWAUKEE, July 21, 2026 (GLOBE NEWSWIRE) -- Ademi LLP is investigating Element Solutions (NYSE: ESI) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Solstice Advanced Materials.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
Element Solutions shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock, representing implied consideration of approximately $50.10 per Element share. Upon closing, Element shareholders are expected to own approximately 44% of the combined company.
Element Solutions insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Element Solutions by imposing a significant penalty if Element Solutions accepts a competing bid. We are investigating the conduct of the Element Solutions board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
The market expects Element Solutions (ESI - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 27, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis specialty chemical and printing products is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +16.2%.
Revenues are expected to be $877.3 million, up 40.3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Element Solutions?For Element Solutions, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.54%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Element Solutions will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Element Solutions would post earnings of $0.38 per share when it actually produced earnings of $0.41, delivering a surprise of +7.89%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Element Solutions appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Chemical - Specialty industry, RPM International (RPM - Free Report) , is soon expected to post earnings of $1.84 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +7%. This quarter's revenue is expected to be $2.19 billion, up 5% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for RPM International has been revised 1.3% down to the current level. Nevertheless, the company now has an Earnings ESP of +1.71%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that RPM International will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Element Solutions (ESI - Free Report) , which belongs to the Zacks Chemical - Specialty industry.
This specialty chemical and printing products has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.34%.
For the last reported quarter, Element Solutions came out with earnings of $0.41 per share versus the Zacks Consensus Estimate of $0.38 per share, representing a surprise of 7.89%. For the previous quarter, the company was expected to post earnings of $0.36 per share and it actually produced earnings of $0.37 per share, delivering a surprise of 2.78%.
With this earnings history in mind, recent estimates have been moving higher for Element Solutions. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Element Solutions currently has an Earnings ESP of +1.54%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 27, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE:ESI) ("Element Solutions") announced today that it intends to release its 2026 second quarter financial results after the market close on Monday, July 27, 2026.
Element Solutions will host a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Tuesday, July 28, 2026. Participants on the call will include Chief Executive Officer Benjamin Gliklich and Chief Financial Officer Carey J. Dorman.
To listen to the call by telephone, please dial +1 833-461-5787 and provide the Meeting ID: 944 148 357. The call will be simultaneously webcast at www.elementsolutionsinc.com.
A replay of the call will be available shortly after completion of the live call at www.elementsolutionsinc.com.
About Element Solutions Inc
Element Solutions is a leading global specialty chemicals technology company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers' manufacturing processes in multiple high-value industries, including semiconductor fabrication, high-performance computing, automotive systems, consumer electronics, power electronics, communications and data storage infrastructure, aerospace and defense, industrial surface finishing and offshore energy. More information about the Company is available at www.elementsolutionsinc.com.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Element Solutions Inc (NYSE: ESI)’s sale to Solstice Advanced Materials, Inc. for $10.00 in cash and 0.500 shares of Solstice common stock for each Element share. Upon closing of the Proposed Transaction, Element shareholders are expected to own approximately 44% of the combined company. If you are an Element shareholder, click here to learn more about your rights and options.
Crinetics Pharmaceuticals, Inc. (NASDAQ: CRNX)’s sale to Vertex Pharmaceuticals Incorporated for $85.00 per share in cash. If you are a Crinetics shareholder, click here to learn more about your legal rights and options.
Solstice Advanced Materials, Inc. (NASDAQ: SOLS)’s merger with Element Solutions. If you are a Solstice shareholder, click here to learn more about your legal rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060 [email protected] [email protected]
https://www.halpersadeh.com
BALA CYNWYD, Pa., July 14, 2026 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.
Element Solutions Forming Flat Base After Q2 Earnings Solstice Advanced Materials said it has agreed to acquire Element Solutions NYSE: ESI in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt, as the companies outlined plans to create a larger advanced materials platform with a heavier focus on electronics, data centers and related thermal management applications.
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Under the agreement, Element Solutions shareholders will receive $10 in cash and 0.5 shares of Solstice common stock for each Element Solutions share. Solstice President and CEO David Sewell said the offer represented a 15% premium to Element Solutions’ closing share price on Friday. Upon closing, Element Solutions shareholders are expected to own approximately 44% of the combined company.
The transaction is expected to close in the first half of 2027, subject to approvals from both companies’ shareholders, regulatory approvals and customary closing conditions. The combined company will operate as Solstice, with Sewell serving as CEO. Element Solutions CEO Ben Gliklich is expected to join Solstice’s board, along with two other designees from Element Solutions’ board, subject to standard governance procedures.
Companies Emphasize Electronics and Data Center Growth Sewell said the deal accelerates Solstice’s strategy as an independent company and creates what he described as a global advanced materials leader with expected combined 2025 net sales of approximately $6.8 billion and adjusted EBITDA of $1.7 billion. He said the combined company would have leading positions across end markets and more than 8,300 patents and pending applications.
Solstice executives framed the acquisition around the growth of advanced computing, artificial intelligence and data centers, particularly the need for materials used in semiconductor fabrication, advanced packaging, assembly and thermal management.
“We believe this combination creates an unmatched electronic materials platform,” Sewell said, adding that the portfolios are “highly complementary” across semiconductor fabrication, packaging, assembly and thermal management.
Gliklich said Element Solutions has been positioning its businesses toward faster-growing, higher-value customers and markets. He noted that Element Solutions generates just over 70% of its revenue from electronics, with about 75% of electronics sales coming from business-to-business markets. He also said more than 20% of Element Solutions’ sales come from the data center market and that percentage is growing.
Gliklich said the deal combines Solstice’s expertise in synthesis and engineering with Element Solutions’ expertise in formulation, process chemistry and applications development. He said the combination should help accelerate innovation and time to market.
Synergies and Financial Targets Solstice said it has identified more than $180 million in expected annualized run-rate cost synergies on a net basis, which it expects to realize within three years of closing. Sewell broke down the expected savings as follows:
Approximately $100 million from operational initiatives and operating model integration, including efficiencies in G&A, sales and marketing, and R&D; About $25 million from supply chain improvements, including raw material and procurement scale and copper recovery from deposition processes; Around $20 million from footprint optimization; About $35 million from other initiatives. Solstice CFO Tina Pierce said the combined company, including run-rate synergies, is expected to have an adjusted EBITDA margin of approximately 26%. She said revenue is expected to grow at a mid- to high-single-digit rate over the medium term, with adjusted EBITDA growing faster than revenue as synergies phase in. Pierce also said the company expects cash conversion of approximately 75% and expects the transaction to be accretive to adjusted earnings per share in year one.
Solstice expects net leverage of approximately 3.5 times at closing and said it anticipates deleveraging to below 3 times within 18 months after the transaction closes. Pierce said the longer-term net leverage target is 2 times to 3 times, in line with the company’s current credit rating profile.
Portfolio Fit and Integration Plans Sewell said Solstice’s strengths are concentrated in front-end semiconductor fabrication, including chemistries used in deposition, patterning, etching and cleaning. Element Solutions, he said, largely complements those capabilities in advanced packaging, printed circuit board building and assembly. He highlighted copper interconnects and thermal management as areas where the companies believe they can offer more complete solutions together.
In response to analyst questions, Sewell said the timing of the deal reflected the importance of advanced electronics to Solstice’s long-term strategy and the increasing demands customers are placing on suppliers for solutions. He said the integration is expected to be manageable because of the complementary nature of the businesses, though he stopped short of calling it a simple “drop-in” acquisition.
Gliklich said Element Solutions was approached by Solstice and had not put itself up for sale. He described the offer as attractive for Element Solutions shareholders because it includes upfront cash, a premium and continued participation in the expected value creation through Solstice stock.
Executives also said they see potential revenue synergies, though Pierce said the company’s revenue growth target depends only on a relatively small amount of revenue synergy. Sewell said some opportunities could come from cross-selling into each company’s customer base, while longer-term opportunities may require qualification processes that could take about two years.
Asked about possible divestitures, Sewell said it was premature to provide details but said the transaction gives Solstice more flexibility to tailor its portfolio to its long-term vision. He said the combined company would not be a pure-play electronics company, emphasizing that refrigerants and nuclear services also fit into Solstice’s view of data center infrastructure, including cooling and power needs.
Solstice executives said planned investments, including Kuprion facilities at Element Solutions and Solstice’s nuclear expansion and sputtering targets expansion, are included in the company’s financial model. Sewell said those investments are not expected to prevent the company from meeting its deleveraging goals.
About Element Solutions NYSE: ESIElement Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company's solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Element Solutions Right Now?Before you consider Element Solutions, you'll want to hear this.
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Element Solutions (ESI - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Element Solutions basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Element Solutions, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Element SolutionsFor the fiscal year ending December 2026, this specialty chemical and printing products is expected to earn $1.79 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Element Solutions. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.7%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Element Solutions to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
, /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Element Solutions, Inc. (NYSE: ESI) related to its sale to Solstice Advanced Materials, Inc. Under the terms of the proposed transaction, Element Solutions shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock for each Element Solutions share. Upon closing of the proposed transaction, Element Solutions shareholders are expected to own approximately 44% of the combined company. Is it a fair deal?
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Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
Key Takeaways ESI to be acquired by Solstice in a $14.5B cash-and-stock deal, with expected closing in H1 2027. The combined company is expected to generate more than $180M in annual cost synergies within three years. Element Solutions holders get $10.00 cash plus 0.500 Solstice shares per ESI share, a 15% premium. Element Solutions Inc. (ESI - Free Report) has agreed to be acquired by Solstice Advanced Materials in a cash-and-stock transaction valued at approximately $14.5 billion, including assumed net debt.
The combination will create a leading advanced materials platform with a stronger presence in high-growth end markets such as semiconductors, electronics, AI infrastructure, data centers and industrial technologies. The companies expect the transaction to close in the first half of 2027, subject to shareholder and regulatory approvals.
Transaction OverviewPer the deal terms, Element Solutions’ shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock for each ESI share they own. The consideration values Element Solutions at approximately $50.10 per share, representing a premium of about 15% to its closing price as of July 2, 2026. Following the completion of the deal, existing Element shareholders are expected to own roughly 44% of the combined company.
Strategic Benefits of the DealThe acquisition significantly expands Solstice's exposure to secular growth markets where demand for high-performance materials continues to increase. With the combination of Solstice's portfolio of electronic materials, thermal management, refrigerants and specialty materials with Element Solutions' expertise in specialty chemicals for semiconductor fabrication, electronics assembly and surface treatment, the deal will create a broader advanced materials platform.
The combined company will offer a more comprehensive portfolio of advanced materials and process technologies. It is also expected to strengthen customer relationships across the semiconductor value chain, enhance innovation capabilities and support the growing demand for AI-driven computing and data center applications.
Financially, the transaction is expected to strengthen Solstice's long-term growth profile and shareholder returns. The combined company targets mid-to-high single-digit CAGR (compound annual growth rate) revenue growth, high single-digit to low double-digit CAGR adjusted EBITDA growth and cash conversion of approximately 75% over the medium term.
The combination is projected to deliver more than $180 million in net cost synergies within three years of closing. The acquisition is expected to be accretive to adjusted earnings per share in the first year after closing, reflecting anticipated operating synergies and improved scale.
At closing, the combined company expects net leverage of approximately 3.5x adjusted EBITDA and plans to reduce this to below 3x within 18 months. Over the longer term, the integrated company intends to maintain a target net leverage of 2x-3x adjusted EBITDA while preserving a strong sub-investment-grade credit profile.
The company also expects to continue its policy of maintaining and steadily increasing its quarterly dividend over time, underscoring its commitment to delivering sustainable value to shareholders.
Deal FinancingSolstice intends to finance the acquisition through a combination of existing cash and debt financing. The company has secured a $4.7 billion committed bridge financing facility from Goldman Sachs to fund the cash portion of the transaction while maintaining financial flexibility.
Shares of ESI fell roughly 3% yesterday to close at $42.32. The stock is up 73.5% over the past year compared with the industry’s 8% rise.
Some better-ranked stocks in the Basic Materials space are CSW Industrials, Inc. (CSW - Free Report) , Idaho Strategic Resources, Inc. (IDR - Free Report) and Albemarle Corporation (ALB - Free Report) . CSW, IDR and ALB carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CSW’s current-year earnings stands at $12.52 per share, implying a 20.6% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 3.8%.
The Zacks Consensus Estimate for IDR’s current-year earnings is pegged at $1.52 per share, implying a 33.3% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 68.7%.
The Zacks Consensus Estimate for ALB’s current-year earnings is pegged at $12.98 per share, indicating a 1,743% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 74.5%.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Element Solutions Inc (NYSE: ESI)'s sale to Solstice Advanced Materials, Inc. for $10.00 in cash and 0.500 shares of Solstice common stock for each Element share. Upon closing of the Proposed Transaction, Element shareholders are expected to own approximately 44% of the combined company. If you are an Element shareholder, click here to learn more about your rights and options.
InMed Pharmaceuticals, Inc. (NASDAQ: INM)'s merger with Mentari Therapeutics, Inc. Upon closing of the proposed transaction, InMed shareholders are expected to own approximately 1.51% of the combined company. If you are an InMed shareholder, click here to learn more about your legal rights and options.
Huntsman Corporation (NYSE: HUN)'s sale to Olin Corporation for 0.5476 shares of Olin for each share of Huntsman. If you are a Huntsman shareholder, click here to learn more about your legal rights and options.
Olin Corporation (NYSE: OLN)'s merger with Huntsman Corporation. Upon closing of the proposed transaction, Olin shareholders will own approximately 54.5% of the combined company. If you are an Olin shareholder, click here to learn more about your rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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Element Solutions Inc (ESI) M&A Call July 6, 2026 8:30 AM EDT
Company Participants
Michael Leithead - VP of Investor Relations
David Sewell - CEO, President & Director
Benjamin Gliklich - CEO & Director
Tina Pierce - Senior VP & CFO
Conference Call Participants
John McNulty - BMO Capital Markets Equity Research
Joshua Spector - UBS Investment Bank, Research Division
Christopher Parkinson - Wolfe Research, LLC
Kevin McCarthy - Vertical Research Partners, LLC
Edlain Rodriguez - Mizuho Securities USA LLC, Research Division
Frank Mitsch - Fermium Research, LLC
Michael Harrison - Seaport Research Partners
Jonathan Tanwanteng - CJS Securities, Inc.
Presentation
Operator
Greetings. Welcome to Solstice Advanced Materials' Acquisition of Element Solutions Call.
[Operator Instructions] Please note that this conference is being recorded.
I'll now turn the conference over to Mike Leithead, Vice President, Investor Relations. Thank you. You may begin.
Michael Leithead
VP of Investor Relations
Great. Thank you, Rob, and good morning, everybody. My name is Mike Leithead, Vice President of Investor Relations at Solstice, and thank you for joining us on short notice here this morning. As you may have seen, this morning we announced an agreement for Solstice to acquire Element Solutions. And we're looking forward to walking you through why we're so excited about this transaction.
The slides we'll be using for this webcast are posted to the Investor Relations sections of both companies' websites. Following our prepared remarks, we will open the line for your questions.
Before we begin, please turn to Slide 3. Today's discussion includes forward-looking statements that are subject to risks and uncertainties and our actual results can differ materially from what we describe today. Please review the cautionary language on Slide 3 and in this morning's press release and in both companies' filings with the SEC. We will also reference certain combined and/or non-GAAP financial measures. You will find descriptions in the forward-looking statements
MONSEY, N.Y., July 06, 2026 (GLOBE NEWSWIRE) -- The Monsey law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Element Solutions, Inc. (NYSE: ESI) (“ESI”) to Solstice Advanced Materials, Inc. (“Solstice”) pursuant to which ESI shareholders will receive $10.00 in cash, and 0.500 shares of Solstice common stock, for each share of ESI common stock.
In trading on July 6, 2026, following announcement of the transaction, the price of ESI shares has fallen nearly 3%.
If you remain an ESI shareholder and have concerns about the fairness of the proposed sale, you may contact our firm at the following link to discuss your legal rights at no charge:
https://wohlfruchter.com/cases/element-solutions/
Alternatively, you may contact us by phone at 866-833-6245, or via email at [email protected].
“We are investigating whether the ESI Board of Directors acted in the best interests of ESI shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the cash consideration and exchange ratio agreed upon are fair to ESI shareholders, and whether all material information regarding the transaction has been fully disclosed. We encourage ESI stockholders to contact us if they have any concerns.”
About Wohl & Fruchter
Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245 [email protected]
www.wohlfruchter.com
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Ademi LLP is investigating Element Solutions (NYSE: ESI) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Solstice Advanced Materials.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
Element Solutions shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock, representing implied consideration of approximately $50.10 per Element share. Upon closing, Element shareholders are expected to own approximately 44% of the combined company.
Element Solutions insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Element Solutions by imposing a significant penalty if Element Solutions accepts a competing bid. We are investigating the conduct of the Element Solutions board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Element Solutions Inc (NYSE: ESI) to Solstice Advanced Materials, Inc. for $10.00 i
Solstice Advanced Materials (Nasdaq: SOLS) shares fell nearly 15% on Monday after the company announced a $14.5 billion cash-and-stock agreement to acquire Element Solutions (NYSE: ESI), in a deal aimed at expanding its footprint in advanced materials for electronics and AI infrastructure.
The transaction, which includes the assumption of net debt, will see Solstice acquire Element in a combination of $10.00 in cash and 0.500 shares of Solstice common stock for each Element share. The offer implies a value of approximately $50.10 per Element share and represents a premium of about 15% to Element’s closing price on July 2, 2026. Upon completion, Element shareholders are expected to own roughly 44% of the combined company.
The companies said the deal would accelerate Solstice’s strategy of building a scaled advanced materials platform with greater exposure to high-growth end markets including electronics, AI infrastructure, thermal management and data center applications.
On a combined basis, Solstice and Element are projected to generate approximately $6.8 billion in full-year 2025 net sales, with an adjusted EBITDA margin of 26% including expected synergies. Solstice said the deal would broaden its electronics capabilities, adding Element’s formulation expertise, technical services and customer relationships to its existing chemistry and materials portfolio.
“Overall, we believe the combined company will be very well-positioned to benefit from generational tailwinds in high-growth end markets,” said Solstice President and CEO David Sewell. He added that Element’s technical service model and customer relationships would expand Solstice’s ability to support clients from early-stage development through high-volume manufacturing.
Element Solutions CEO Ben Gliklich said the transaction brings together two complementary businesses with strong market positions and technical expertise, adding that the combined company would be better positioned to address emerging requirements in advanced electronics and related markets.
Strategically, Solstice said the acquisition would enhance its exposure to AI infrastructure by linking electronics and packaging capabilities with data center cooling and refrigerant application solutions. The company also highlighted its continued involvement in specialty markets, including nuclear fuel cycle-related uranium conversion services.
Financially, Solstice expects the combined company to deliver mid-to-high single-digit annual revenue growth and high single-digit to low double-digit adjusted EBITDA growth over the medium term, along with approximately $180 million in net synergies by the third year following closing. The company also anticipates around 75% cash conversion.
The deal is expected to be accretive to adjusted earnings per share in the first year after closing. Solstice projects net leverage of approximately 3.5x at completion, with a target of reducing leverage below 3x within 18 months. The company reaffirmed its commitment to maintaining a sub-investment grade credit profile and continuing dividend growth over time.
The transaction has been unanimously approved by both companies’ boards and is expected to close in the first half of 2027, subject to regulatory approvals and shareholder votes.
Solstice has secured a $4.7 billion bridge financing commitment from Goldman Sachs and plans to replace it with permanent debt financing, alongside cash on hand, to fund the cash portion of the deal.
Shares of Element Solutions were down almost 3% on the news.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Element Solutions Inc (NYSE: ESI) to Solstice Advanced Materials, Inc. for $10.00 in cash and 0.500 shares of Solstice common stock for each Element share. Upon closing of the Proposed Transaction, Element shareholders are expected to own approximately 44% of the combined company. Halper Sadeh encourages Element shareholders to click here to learn more about their rights and options or contact.
Accelerates Solstice's strategy by deepening exposure to high-growth markets where materials innovation, performance and reliability are increasingly critical Creates a leading, integrated electronics platform spanning semiconductor fabrication, packaging and assembly, while expanding thermal management for chip and data center cooling Enhances R&D, technical-service and commercial capabilities with a focus on customer co-innovation as requirements across electronics and AI infrastructure become more complex and mission-critical Expected to strengthen Solstice's long-term financial profile, with the goal of delivering faster growth while sustaining top-tier margins and strong free cash flow Transaction expected to be accretive to sales growth and adjusted EPS in year one Solstice and Element Solutions to hold conference call today at 8:30AM ET , /PRNewswire/ -- Solstice Advanced Materials (Nasdaq: SOLS) ("Solstice" or the "Company") and Element Solutions (NYSE: ESI) ("Element") today announced that they have entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt. The transaction represents a significant acceleration of Solstice's strategy to build an industry-leading advanced materials platform with increased exposure to high-growth electronics, AI infrastructure and other attractive end markets.
On a combined basis, Solstice and Element would have full year 2025 net sales of approximately $6.8 billion and a 26% adjusted EBITDA margin including run-rate synergies. The combined company is expected to benefit from greater scale, a full suite of offerings for electronics customers, and an attractive set of specialty material businesses serving numerous attractive end markets. Element adds focused electronics, formulation, and technical service capabilities and a robust technology portfolio that complement Solstice's strengths in chemistry, application development, refrigerant application solutions, and high-performance materials.
"Overall, we believe the combined company will be very well-positioned to benefit from generational tailwinds in high-growth end markets," said David Sewell, President and CEO of Solstice. "Element brings highly complementary capabilities, deep customer relationships and a technical service-led model that expands how we support customers from early-stage development through high-volume manufacturing. This high-performing team brings with it inimitable domain expertise and customer process know-how in addition to a compelling track-record of value creation for shareholders. Together, we expect Element and Solstice to be extremely well positioned to deliver on our customers' growing requirements for signal integrity, thermal management, reliability and performance."
Sewell added, "Both companies have strong cultures grounded in integrity, innovation, teamwork and customer focus, with comprehensive patent portfolios and highly talented employees who are at the top of their profession. We intend to blend the best of our talents and cultures to build an organization with a broader technology platform and a stronger ability to co-innovate with customers to develop unique solutions addressing emerging, complex requirements from our combined customer base."
Ben Gliklich, Chief Executive Officer of Element Solutions, said, "Since Element's founding in 2019, we have delivered a strategy balancing operational excellence and prudent capital allocation to cement our position in the fastest growing, highest value niches of our markets. This transaction recognizes that achievement and brings together two great companies with shared attributes – strong market positions, attractive margins, deep technical know-how and excellent people – to accelerate their combined growth. We are creating a scaled advanced materials platform with complementary capabilities to broaden our offerings in our core electronics markets and deliver differentiated solutions to customers. We believe that the breadth of the combined portfolio along with enhanced innovation and manufacturing capabilities will allow us to better solve the pain points emerging in the leading edge of the electronics industry. This is an exciting opportunity for our people and shareholders, both of whom are expected to participate in the anticipated long-term upside of the combined company."
Strategic and Financial Rationale
The transaction is expected to create several strategic and financial benefits, including:
Creates Industry-Leading Advanced Materials Portfolio, Accelerating Solstice's Existing Strategy. The combination advances Solstice's strategy to build a scaled advanced materials platform with greater exposure to electronics, AI infrastructure, thermal management, data center cooling applications and other attractive specialty markets. Strengthens Solstice's Electronics Platform with Complementary Innovation and Customer Capabilities. Element Solutions brings capabilities that are directly aligned with Solstice's electronics growth strategy, including formulation expertise, R&D, technical service and deep customer relationships. Together, the companies will be better positioned to serve customers across semiconductor fabrication, advanced packaging and assembly, supporting them from early-stage development through qualification and high-volume production. The combination is expected to create a broader platform for customer-led innovation as electronics customers increasingly need cutting edge materials technology to address the inherent challenges associated with advanced electronics. The combined company's enhanced scale is also expected to accelerate Element's high-growth technologies, such as Kuprion ActiveCopper. Broadens Solstice's Role Across AI Infrastructure and Other Secular Growth Markets. The transaction is expected to strengthen Solstice's exposure to AI infrastructure by connecting its electronics, packaging and thermal management capabilities with data center cooling and refrigerant application solutions. This broader platform will position the combined company to support customers across key parts of the advanced computing ecosystem, from higher-performance chips and packaging architectures to cooling solutions that improve efficiency and reliability. The combined company is expected to also retain attractive specialty positions, including serving as the sole U.S. supplier of uranium conversion services that support the nuclear fuel cycle. Strengthens Solstice's Long-Term Growth, Margin and Cash Flow Profile. The combined company is expected to deliver faster growth while maintaining best-in-class margins and strong cash flow conversion. On a combined company basis, Solstice expects to deliver mid-to-high single-digit CAGR revenue growth, high single-digit to low double-digit CAGR Adjusted EBITDA growth, and cash conversion of approximately 75% over the medium term. Solstice expects to realize more than $180 million of net synergies by the third year following close, driven by procurement efficiencies, manufacturing optimization, supply chain optimization, operational efficiencies and SG&A savings. The combined company also expects additional significant benefits from revenue synergy opportunities over time. Accretive in Year One, with Rapid De-leveraging. The transaction is expected to be accretive to Adjusted EPS in year one after close. Additionally, the combined company is expected to have net leverage of approximately 3.5x at close and anticipates de-levering to below 3x Adjusted EBITDA within 18 months of close. The combined company will remain committed to maintaining a strong sub-investment grade credit rating with a target net leverage ratio of 2.0 – 3.0x Adjusted EBITDA. Further, the combined company expects to continue its policy of maintaining and growing its quarterly dividend over time. "This transaction allows us to amplify our transformational growth in electronics while building on the strength of Solstice's existing businesses," Sewell said. "Our refrigerant application solutions platform, including data center cooling, and our specialty exposures such as nuclear fuel remain core to the combined company's value proposition and central to helping customers improve efficiency, resilience and performance. Together, we aim to create a higher growth, higher margin advanced materials leader with greater global reach. I am confident we will successfully integrate our teams by taking a best-of-both approach, building on our respective strengths, and creating an even stronger organization."
Transaction Details
Under the terms of the agreement, Element Solutions shareholders will receive, for each share of Element common stock, $10.00 in cash and 0.500 shares of Solstice common stock, representing implied consideration of approximately $50.10 per Element share and a premium of approximately 15% over Element's closing share price on July 2, 2026. Upon closing, Element shareholders are expected to own approximately 44% of the combined company.
The transaction has been unanimously approved by the respective Boards of Directors of both companies and is expected to close in the first half of 2027, subject to customary closing conditions, including receipt of required regulatory approvals and approval by Solstice and Element shareholders, as applicable.
Upon closing, the combined company will operate as Solstice. David Sewell will serve as President and Chief Executive Officer of the combined company. Solstice expects to maintain a strong operating presence across both companies' existing major sites and build a leadership team with strong representation from both organizations to drive our shared success.
Upon closing, Solstice's Board of Directors will be comprised of 11 directors, including Element Solutions CEO Ben Gliklich and two other designees from the Element board, subject to standard governance procedures.
Financing
Solstice has secured fully committed financing for the transaction in the form of an initial $4.7 billion bridge commitment from Goldman Sachs, which it plans to replace with permanent debt financing, which it intends to use in addition to cash from its balance sheet to fund the cash consideration payable at closing of the transaction. Solstice remains focused on maintaining a consistently strong balance sheet and expects to continue managing its disciplined capital structure.
Conference Call and Additional Materials
Solstice and Element Solutions will host a joint investor conference call and webcast today at 8:30 am Eastern Time to discuss the transaction.
The live webcast and accompanying investor presentation will be available on the investor relations sections of Solstice's and Element's websites at investor.solstice.com and www.elementsolutionsinc.com. A replay of the webcast will be available following the call.
Advisors
Goldman Sachs is serving as lead financial advisor to Solstice alongside PJT Partners. Consello also provided advisory services to Solstice. Davis Polk & Wardwell LLP and Hogan Lovells Cadwalader LLP are serving as M&A counsel and Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel with respect to acquisition financing. Wilkie Farr & Gallagher LLP is serving as legal counsel to Goldman Sachs as a committed financing source in connection with the acquisition financing.
BofA Securities, Inc. is serving as financial advisor to Element Solutions, Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and Collected Strategies, LLC is serving as strategic communications advisor.
About Solstice
Solstice is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,000 employees worldwide drive innovation in materials science. For more information, visit www.solstice.com.
About Element Solutions
Element Solutions is a leading global specialty chemicals technology company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers' manufacturing processes in multiple high-value industries, including semiconductor fabrication, high-performance computing, automotive systems, consumer electronics, power electronics, communications and data storage infrastructure, aerospace and defense, industrial surface finishing and offshore energy. More information about the Company is available at www.elementsolutionsinc.com.
This communication contains certain forward-looking statements within the meaning of the federal securities laws made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction between Solstice and Element Solutions, that involve substantial risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections regarding, among other things, the anticipated benefits and timing of the proposed transaction, synergies, expected future financial position, total addressable market, position in specialty chemicals and advanced materials verticals and the industry, business and financial results of each company and the combined company, including the combined company's expected Adjusted EBITDA and Adjusted EBITDA margin, expected synergies, net debt and net leverage, anticipated de-leveraging, expected accretion to Adjusted EPS and expected growth, margins and free cash flow. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "positioned," "projects," "forecasts," "intends," "plans," "continues," "could," "believes," "may," "will," "would," "should," "goals," "pro forma" and words and terms of similar substance in connection with discussions of the proposed transaction and the future operating or financial performance of the combined company. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Solstice's, Element Solutions' or the combined company's actual results may vary materially from those expressed or implied in the forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by Solstice or on its behalf. Although Solstice and Element Solutions believe that the forward-looking statements contained in this communication are based on reasonable assumptions, you should be aware that a variety of factors, many of which are difficult to predict and outside of Solstice's or Element Solutions' control, could affect Solstice's, Element Solutions' or the combined company's actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including, but not limited to: the completion of the proposed transaction on the anticipated terms and timing, including obtaining stockholder, regulatory and other approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, future prospects, business and management strategies, expansion and growth of Solstice's and Element Solutions' businesses and other conditions to the completion of the proposed transaction; failure to realize the anticipated benefits of the proposed transaction, or that such benefits may take longer to realize or be more costly to achieve than expected, including as a result of delay in completing the proposed transaction, Solstice's ability to integrate Element Solutions' operations and product lines or due to unexpected costs, liabilities or delays; the ability of the parties to obtain or consummate financing related to the proposed transaction upon acceptable terms or at all; the dilution caused by Solstice's issuance of additional shares of its common stock in connection with the consummation of the proposed transaction; the risk of a downgrade of the credit rating of Solstice's indebtedness; a material adverse change in the financial condition of Solstice, Element Solutions or the combined company; potential litigation relating to the proposed transaction that could be instituted against Solstice, Element Solutions or their respective directors; Solstice's and Element Solutions' ability to implement their business strategies; the risk that disruptions from the proposed transaction will harm Solstice's or Element Solutions' respective businesses, including current plans and operations; the ability of Solstice or Element Solutions to retain and hire key personnel; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; uncertainty as to the long-term value of Solstice's common stock; risks associated with third party contracts containing consent and/or other provisions triggered by the proposed transaction; legislative, regulatory, political and economic developments affecting Solstice's, Element Solutions' or the combined company's respective businesses; the evolving legal, regulatory and tax regimes under which Solstice and Element Solutions operate; potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Solstice's and/or Element Solutions' financial performance; restrictions during the pendency of the proposed transaction that may impact Solstice's or Element Solutions' ability to pursue certain business opportunities or strategic transactions; an overall decline in the health of the economy and the industries in which Solstice and Element Solutions operate, including as a result of inflation, tariffs and other trade barriers and restrictions, market volatility, geopolitical instability and social unrest, the possibility of an economic downturn or recession or other macroeconomic factors; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Solstice's and Element Solutions' response to any of the aforementioned factors; failure to receive the approval of the stockholders of Solstice and/or Element Solutions; and the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the businesses of Solstice and Element Solutions described in the "Risk Factors" section of their respective Annual Reports on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q and other documents filed by either of them from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those implied by forward-looking statements in this communication. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Solstice and Element Solutions assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by securities or other applicable law. Neither Solstice nor Element Solutions gives any assurance that either Solstice or Element Solutions will achieve its expectations.
Important Information and Where to Find It
In connection with the proposed transaction, Solstice intends to file with the SEC a registration statement on Form S-4 (the "Registration Statement"), which will include a prospectus with respect to the shares of Solstice's common stock to be issued in the proposed transaction and a joint proxy statement for Solstice's and Element Solutions' respective stockholders (the "Joint Proxy Statement/Prospectus"). The definitive Joint Proxy Statement/Prospectus (if and when available) will be mailed to stockholders of Solstice and Element Solutions after it is declared effective. Each of Solstice and Element Solutions may also file with or furnish to the SEC other relevant documents regarding the proposed transaction. This communication is not a substitute for the Registration Statement, the Joint Proxy Statement/Prospectus or any other document that Solstice or Element Solutions may mail to their respective stockholders in connection with the proposed transaction.
INVESTORS AND SECURITY HOLDERS OF SOLSTICE AND ELEMENT SOLUTIONS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING SOLSTICE, ELEMENT SOLUTIONS, THE PROPOSED TRANSACTION AND RELATED MATTERS.
Investors and security holders may obtain free copies of the Joint Proxy Statement/Prospectus and other documents filed with the SEC by Solstice or Element Solutions through the website maintained by the SEC at http://www.sec.gov or from Solstice at its website, https://www.solstice.com, or from Element Solutions at its website, https://www.elementsolutionsinc.com (information included on or accessible through the SEC website or either of Solstice's or Element Solutions' website is not incorporated by reference into this communication).
Participants in Solicitation
Solstice and Element Solutions and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Solstice and Element Solutions in connection with the proposed transaction.
Information about the interests of the directors and executive officers of Solstice and Element Solutions and other persons who may be deemed to be participants in the solicitation of stockholders of Solstice and Element Solutions in connection with the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Joint Proxy Statement/Prospectus, which will be filed with the SEC.
Information about Solstice's directors and executive officers and their ownership of Solstice's common stock is set forth in Solstice's proxy statement for its 2026 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on April 2, 2026 under the headings "Director Compensation," "Compensation Discussion and Analysis," "Executive Compensation Tables" and "Stock Ownership Information." To the extent that holdings of Solstice's securities have changed since the amounts printed in Solstice's proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.
Information about Element Solutions' directors and executive officers and their ownership of Element Solutions' common stock is set forth in Element Solutions' proxy statement for its 2026 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on March 23, 2026 under the headings "Director Compensation," "Executive Compensation" and "Security Ownership." To the extent that holdings of Element Solutions' securities have changed since the amounts printed in Element Solutions' proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.
The information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the Joint Proxy Statement/Prospectus regarding the proposed transaction when it becomes available. Free copies of these documents may be obtained as described above.
No Offer or Solicitation
This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the "Securities Act"), and/or offered pursuant to an exemption from the registration requirements of the Securities Act, and otherwise in accordance with applicable law.
Important Note about Combined and Non-GAAP Financial Information
The financial information for the combined businesses of Solstice and Element Solutions is based on management's estimates, assumptions and projections and has not been prepared in conformance with the applicable requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. This information is provided for illustrative purposes only and should not be considered in isolation from, or as a substitute for, the historical financial statements of Solstice and Element Solutions. These measures are provided for illustrative purposes and are based on an arithmetic sum of the relevant historical financial measures of Solstice and Element Solutions. Combined Adjusted EBITDA is the arithmetic sum of Solstice's Adjusted Standalone EBITDA and Element Solutions' Pro Forma Adjusted EBITDA, inclusive of expected net synergies. Combined Adjusted EBITDA Margin is inclusive of expected net synergies. These measures do not reflect what the combined company's financial condition or results of operations would have been had the proposed transaction occurred on or prior to the dates indicated. Such illustrative information may differ materially from pro forma information included in SEC filings. Various factors could cause actual future results to differ materially from those currently estimated by management, including, but not limited to, the risks described above and in each of Solstice's and Element Solutions' respective filings with the SEC.
This communication also includes certain financial measures not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"), such as adjusted standalone EBITDA, pro forma adjusted EBITDA, combined adjusted EBITDA, combined adjusted EBITDA margin, combined sales, synergies, integration benefits, free cash flow, net debt and net leverage. Non-GAAP financial measures have limitations as an analytical tool and are not meant to be considered in isolation from, or as a substitute for, the comparable GAAP measures. There are limitations to non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items being excluded. Solstice and Element Solutions caution you not to place undue reliance on these non-GAAP financial measures.
For a definition of Solstice's adjusted standalone EBITDA and Element Solutions' adjusted EBITDA and a reconciliation of adjusted standalone EBITDA and adjusted EBITDA to the most comparable GAAP financial measure for 2025, please see Solstice's Current Report on Form 8-K furnished with the SEC on February 11, 2026 and Element Solutions' Current Report on Form 8-K furnished with the SEC on February 17, 2026 and Element Solutions' 2026 Investor Day presentation at its website at https://www.elementsolutionsinc.com (information included on or accessible through Element Solutions' website is not incorporated by reference into this communication). Element Solutions' pro forma Adjusted EBITDA for fiscal year 2025 is from Element Solutions' 2026 Investor Day presentation and is Element Solutions' Adjusted EBITDA inclusive of a pro forma adjustment of $61 million from the impact of the acquisitions of Micromax and EFC Gases. Combined Adjusted EBITDA and Combined Adjusted EBITDA margin includes expected synergies.
Investor Relations
Mike Leithead
(973) 370-8188
[email protected]
Media
Amy Schneiderman
(201) 218-2302
[email protected]
Contacts for Element Solutions
Investor Relations
Varun Gokarn
Vice President, Strategy and Integration
Element Solutions Inc
1-203-952-0369
[email protected]
Media
Ed Hammond / Tali Epstein
Collected Strategies
1-212-379-2072
[email protected]
SummaryCompaniesDeal could come together as soon as this week, FT reportsMerger likely to be mostly stock-based with some cash, FT reportsJuly 6 (Reuters) - Honeywell (HON.O), opens new tab spinoff Solstice Advanced Materials (SOLS.O), opens new tab is in talks to merge with Element Solutions (ESI.N), opens new tab in a deal that could create a chemicals company valued at about $27 billion including debt, the Financial Times reported on Monday.
The talks happen as both companies seek to capitalize on growing demand for specialty chemicals used in AI data centers and semiconductor manufacturing.
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Solstice and Element Solutions are discussing a merger of equals and a deal, likely to be mostly stock with some cash, could come together as soon as this week, the FT report said, citing people familiar with the talks.
No formal agreement had been reached and the discussions could still fall apart, the report said.
Neither company responded to Reuters requests for comment outside regular business hours.
Solstice, which was spun off from Honeywell last year, makes specialty chemicals and materials used in industries, including semiconductor, refrigeration, nuclear power and healthcare.
The company said in May that increasing demand for its thermal management and refrigerant products in AI-driven data centers, as well as the growing need for advanced computing solutions in semiconductor electronic materials, was helping growth.
Element Solutions, which primarily supplies specialty chemicals for electronics manufacturing, reported more than 40% growth in first-quarter revenue this year, driven mainly by AI-related demand.
Solstice has a market value of about $12.73 billion, while Element Solutions is valued at $10.63 billion, according to LSEG data.
Their shares have risen sharply this year, with Element Solutions up nearly 75% and Solstice up about 65%.
Reporting by Sumedha Mukherjee and Shubham Kalia in Bengaluru; Editing by Subhranshu Sahu
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Element Solutions (ESI) is executing a strategic pivot toward advanced semiconductor packaging, driving accelerated growth and margin expansion. ESI's Electronics segment leads revenue gains, with both organic growth and well-priced acquisitions like Micromax and EFC enhancing scale and profitability. Valuation is compelling: ESI trades at 25x FWD EV/EBITDA, with EBITDA guidance raised to $675M and further margin upside anticipated.
A month has gone by since the last earnings report for Element Solutions (ESI - Free Report) . Shares have lost about 6.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Element Solutions due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Element Solutions Inc. before we dive into how investors and analysts have reacted as of late.
Element Solutions’ Q4 Earnings & Revenues Surpass EstimatesElement Solutions recorded earnings of 3 cents per share for the fourth quarter of 2025 compared with 23 cents in the year-ago quarter.
Barring one-time items, earnings were 37 cents per share. The figure beat the Zacks Consensus Estimate of 36 cents.
The company generated net sales of $676.2 million, up roughly 8% year over year. The figure beat the Zacks Consensus Estimate of $623.9 million. Organic net sales rose 10%.
Element Solutions saw strong growth in the electronics business. The divestitures impacted the Specialties segment sales in the quarter.
Segment HighlightsNet sales in the Electronics segment rose 21% year over year to $487.3 million in the reported quarter. Organic net sales were up 13% from the year-ago number. The figure beat the consensus estimate of $436 million.
In the Specialties segment, net sales declined 15% year over year to $188.9 million, with organic net sales increasing by 4%. However, the figure beat the consensus estimate of $188 million.
Financial PositionElement Solutions ended the quarter with cash and cash equivalents of $626.5 million, up around 74.3% from the year-ago quarter. Long-term debt was $1,625.9 million at the end of the quarter, down from $1,813.6 million a year ago.
Cash from operating activities was $91.1 million, while free cash flow was $82.8 million for the reported quarter.
Q1 & 2026 OutlookThe company anticipates full-year 2026 adjusted EBITDA in the range of $650 million to $670 million. Element Solutions expects first-quarter 2026 adjusted EBITDA to be between $140 million and $155 million.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
VGM ScoresCurrently, Element Solutions has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Element Solutions has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE:ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals technology company, today announced that Sir Martin E. Franklin, Executive Chairman of the Board, plans to step down from the Board and will not seek re-election at the upcoming 2026 Annual Meeting of Stockholders. Ian G.H. Ashken, a founding Board director since 2013 and Chair of the Board's Nominating and Policies Committee, has been appointed Non-Execu.
Allspring Global Investments Holdings LLC lowered its stake in shares of Element Solutions Inc. (NYSE:ESI – Free Report) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 286,958 shares of the company’s stock after selling 117,639 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of Element Solutions worth $7,444,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ESI. Walnut Level Capital LLC purchased a new position in Element Solutions in the second quarter valued at approximately $1,812,000. Vest Financial LLC lifted its stake in Element Solutions by 126.1% in the third quarter. Vest Financial LLC now owns 115,531 shares of the company’s stock valued at $2,908,000 after purchasing an additional 64,433 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Element Solutions by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock worth $207,822,000 after purchasing an additional 139,751 shares during the period. World Investment Advisors bought a new position in Element Solutions during the third quarter worth about $1,185,000. Finally, American Century Companies Inc. increased its stake in shares of Element Solutions by 28.0% in the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock worth $105,609,000 after purchasing an additional 916,804 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.
Analysts Set New Price Targets Several analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Element Solutions from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. KeyCorp boosted their price target on shares of Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. BMO Capital Markets boosted their price target on shares of Element Solutions from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Bank of America boosted their price target on shares of Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $35.75.
View Our Latest Report on ESI
Element Solutions Trading Down 0.4% Shares of Element Solutions stock opened at $33.95 on Tuesday. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $37.74. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 1.56 and a beta of 1.23. The company has a current ratio of 3.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $32.58 and its 200-day moving average price is $28.54.
Element Solutions (NYSE:ESI – Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. The firm had revenue of $676.20 million for the quarter, compared to the consensus estimate of $632.40 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts expect that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.
Element Solutions Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, March 2nd. Element Solutions’s dividend payout ratio is presently 40.51%.
Insider Activity In other news, Director E Stanley Oneal sold 143,564 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $35.52, for a total value of $5,099,393.28. Following the sale, the director directly owned 147,832 shares of the company’s stock, valued at approximately $5,250,992.64. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.90% of the company’s stock.
Element Solutions Company Profile (Free Report)
Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Element Solutions (ESI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Element Solutions is one of 248 individual stocks in the Basic Materials sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Element Solutions is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ESI's full-year earnings has moved 3.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ESI has gained about 52.1% so far this year. At the same time, Basic Materials stocks have gained an average of 19.6%. This shows that Element Solutions is outperforming its peers so far this year.
Teck Resources Ltd (TECK - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.9%.
For Teck Resources Ltd, the consensus EPS estimate for the current year has increased 50.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Element Solutions is a member of the Chemical - Specialty industry, which includes 44 individual companies and currently sits at #171 in the Zacks Industry Rank. This group has gained an average of 13.1% so far this year, so ESI is performing better in this area.
On the other hand, Teck Resources Ltd belongs to the Mining - Miscellaneous industry. This 72-stock industry is currently ranked #145. The industry has moved +21.8% year to date.
Investors interested in the Basic Materials sector may want to keep a close eye on Element Solutions and Teck Resources Ltd as they attempt to continue their solid performance.
MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE:ESI) ("Element Solutions") announced today that it intends to release its 2026 first quarter financial results after the market close on Tuesday, April 28, 2026. Element Solutions will host a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Wednesday, April 29, 2026. Participants on the call will include Chief Executive Officer Benjamin Gliklich and Chief Financial Officer Carey J. Dorman. To list.
MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE:ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals technology company, today announced its financial results for the three months ended March 31, 2026. Executive Commentary Chief Executive Officer Benjamin Gliklich commented, “Element Solutions had an outstanding start to the year. We delivered double-digit organic net sales growth and strong margin expansion while ramping our investments to keep pace wit.
Element Solutions (ESI - Free Report) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.90%. A quarter ago, it was expected that this specialty chemical and printing products would post earnings of $0.36 per share when it actually produced earnings of $0.37, delivering a surprise of +2.78%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Element Solutions, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $840 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 12.85%. This compares to year-ago revenues of $593.7 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Element Solutions shares have added about 61.5% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Element Solutions?While Element Solutions has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Element Solutions was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.44 on $795.45 million in revenues for the coming quarter and $1.76 on $3.19 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Specialty is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Celanese (CE - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This chemical company is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +47.4%. The consensus EPS estimate for the quarter has been revised 10.4% higher over the last 30 days to the current level.
Celanese's revenues are expected to be $2.26 billion, down 5.5% from the year-ago quarter.
Key Takeaways ESI posted Q1 adjusted EPS of 41 cents, topping the Zacks Consensus Estimate of 38 cents. Net sales surged 41% year over year to $840 million, beating the consensus mark of $744.4 million. The company raised its 2026 adjusted EBITDA outlook to $665 million-$685 million. Element Solutions Inc. (ESI - Free Report) recorded earnings of 23 cents per share for the first quarter of 2026 compared with 40 cents in the year-ago quarter. Reported net income was $56 million, down 43% year over year, primarily due to a gain on the Graphics Solutions divestiture in the prior-year period.
Barring one-time items, earnings were 41 cents per share, up from 34 cents in the year-ago quarter. The figure beat the Zacks Consensus Estimate of 38 cents.
The company generated net sales of $840 million, up 41% year over year from $593.7 million. The figure beat the Zacks Consensus Estimate of $744.4 million. Organic net sales rose 10%.
ESI benefited from strong momentum in its Electronics business, aided by robust demand tied to AI infrastructure, high-performance electronics, advanced packaging and thermal management applications. Acquisitions also contributed to reported growth in the quarter.
Element Solutions Inc. Price, Consensus and EPS SurpriseESI’s Segment HighlightsNet sales in the Electronics segment rose 61% year over year to $633.5 million in the reported quarter. The figure beat the consensus estimate of $532 million. Organic net sales increased 15%. Adjusted EBITDA for the segment increased 34% year over year to $119.1 million.
In the Specialties segment, net sales increased 4% year over year to $206.5 million. Organic net sales rose 1%. The figure missed the consensus estimate of $207 million. Adjusted EBITDA for the segment rose 9% year over year to $43.2 million.
ESI’s Financial PositionElement Solutions ended the quarter with cash and cash equivalents of $177.3 million, down from $626.5 million at the end of 2025. Debt was $2,058.7 million at the end of the quarter compared with $1,625.9 million as of Dec. 31, 2025.
Cash used in operating activities was $66.6 million against cash provided by operating activities of $26 million in the year-ago quarter. Free cash flow was negative $74.2 million against a positive free cash flow of $30.1 million in the prior-year quarter.
ESI’s OutlookThe company now expects full-year 2026 adjusted EBITDA in the range of $665 million to $685 million, up from its earlier outlook of $650 million to $670 million. For the second quarter of 2026, ESI expects adjusted EBITDA between $155 million and $170 million.
ESI’s Price PerformanceShares of Element Solutions have gained 91.7% in a year compared with a 9.8% rise in the ndustry.
Image Source: Zacks Investment Research
ESI’s Zacks Rank & Key PicksESI currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are CF Industries Holdings, Inc. (CF - Free Report) , Galiano Gold Inc. (GAU - Free Report) and Nexa Resources S.A. (NEXA - Free Report) .
CF Industries is slated to report first-quarter 2026 results on May 6. The Zacks Consensus Estimate for earnings is pegged at $2.35 per share, indicating 27.03% year-over-year growth. CF sports a Zacks Rank #1 (Strong Buy) at present.
Galiano is slated to report quarterly results on May 13. The Zacks Consensus Estimate for earnings is pegged at 17 cents per share. GAU has a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
NEXA is scheduled to report first-quarter results on May 6. The Zacks Consensus Estimate for NEXA’s first-quarter earnings is pegged at 61 cents per share. NEXA currently has a Zacks Rank #2.