Element Solutions Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
ESI$32.96+5.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations F-
CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in millions, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net sales | $2,333.2 | $2,549.4 | $2,399.8 |
| Cost of sales | 1,414.7 | 1,596.7 | 1,439.0 |
| Gross profit | 918.5 | 952.7 | 960.8 |
| Operating expenses: | |||
| Selling, technical, general and administrative | 596.8 | 578.6 | 611.2 |
| Research and development | 68.1 | 48.8 | 49.7 |
| Goodwill impairment | 80.0 | — | — |
| Total operating expenses | 744.9 | 627.4 | 660.9 |
| Operating profit | 173.6 | 325.3 | 299.9 |
| Other (expense) income: | |||
| Interest expense, net | (49.3) | (51.2) | (54.2) |
| Foreign exchange gain (loss) | 7.9 | (5.0) | 15.8 |
| Other (expense) income, net | (3.1) | 2.9 | (9.8) |
| Total other expense | (44.5) | (53.3) | (48.2) |
| Income before income taxes and non-controlling interests | 129.1 | 272.0 | 251.7 |
| Income tax expense | (13.0) | (85.8) | (48.3) |
| Net income from continuing operations | 116.1 | 186.2 | 203.4 |
| Income from discontinued operations, net of tax | 2.1 | 1.8 | 0.3 |
| Net income | 118.2 | 188.0 | 203.7 |
| Net income attributable to the non-controlling interests | (0.1) | (0.8) | (0.4) |
| Net income attributable to common stockholders | $118.1 | $187.2 | $203.3 |
| Earnings per share | |||
| Basic from continuing operations | $0.48 | $0.75 | $0.82 |
| Basic from discontinued operations | 0.01 | 0.01 | — |
| Basic attributable to common stockholders | $0.49 | $0.76 | $0.82 |
| Diluted from continuing operations | $0.48 | $0.75 | $0.82 |
| Diluted from discontinued operations | 0.01 | 0.01 | — |
| Diluted attributable to common stockholders | $0.49 | $0.76 | $0.82 |
| Weighted average common shares outstanding | |||
| Basic | 241.4 | 245.1 | 247.4 |
| Diluted | 241.8 | 245.8 | 247.9 |
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