Quarterly ResultApr 28, 2026, 04:23 PM
ESI Q1 Net Sales +41% to $840M; Adj EBITDA +26%; Raises FY26 Guidance
AI Summary
Element Solutions Inc reported record financial results for the first quarter ended March 31, 2026, with net sales increasing 41% to $840 million and adjusted EBITDA rising 26% to $162 million. The company also raised its full-year 2026 adjusted EBITDA guidance to $665 million to $685 million, citing strong underlying demand in high-end electronics and favorable tracking of recent acquisitions. The Micromax and EFC acquisitions, completed in Q1 2026, contributed positively to segment performance and overall growth, supported by recent debt refinancing.
Key Highlights
- ESI Q1 2026 net sales increased 41% to $840 million (10% organic).
- ESI Q1 2026 adjusted EBITDA increased 26% to $162 million (21% constant currency).
- Reported net income was $56 million (-43% YoY), adjusted EPS was $0.41 (+21% YoY).
- Electronics segment net sales grew 61% to $634 million (15% organic).
- Full-year 2026 adjusted EBITDA guidance raised to $665 million - $685 million.
- Completed Micromax ($493M) and EFC ($367M) acquisitions in Q1 2026.
- Upsized revolving credit facility and secured $450 million Add-on Term Loans.