Quarterly ResultApr 29, 2026, 04:43 PM
ESI Q1 Net Sales +41.5% to $840M; Net Income $56M; Completes Micromax, EFC Acquisitions
AI Summary
Element Solutions Inc reported Q1 2026 net sales of $840.0 million, a 41.5% increase from $593.7 million in Q1 2025. However, net income attributable to common stockholders decreased by 42.9% to $55.9 million, or $0.23 per diluted share, compared to $98.0 million, or $0.40 per diluted share, in the prior year period. The company completed two significant acquisitions in the quarter: Micromax for approximately $493 million and EFC Gases & Advanced Materials for approximately $367 million, which were funded by new debt and cash on hand.
Key Highlights
- Completed Micromax Acquisition for $493M on Feb 2, 2026.
- Completed EFC Acquisition for $367M on Jan 2, 2026.
- Q1 2026 Net Sales increased 41.5% to $840.0M from $593.7M.
- Q1 2026 Net Income decreased 42.9% to $55.9M from $98.0M.
- Q1 2026 Diluted EPS was $0.23, down from $0.40.
- Total debt increased to $2,156.6M from $1,625.9M.
- Net cash used in operating activities was $66.6M.
- Add-on Term Loans of $450M secured for acquisitions.