Element Solutions Inc
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
ESI$32.75-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(dollars in millions, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $575.0 | $574.4 |
| Cost of sales | 330.0 | 346.6 |
| Gross profit | 245.0 | 227.8 |
| Operating expenses: | ||
| Selling, technical, general and administrative | 149.1 | 148.9 |
| Research and development | 18.1 | 12.5 |
| Total operating expenses | 167.2 | 161.4 |
| Operating profit | 77.8 | 66.4 |
| Other (expense) income: | ||
| Interest expense, net | (13.9) | (11.7) |
| Foreign exchange gains | 7.9 | 4.9 |
| Other (expense) income, net | (2.3) | 0.3 |
| Total other expense | (8.3) | (6.5) |
| Income before income taxes and non-controlling interests | 69.5 | 59.9 |
| Income tax expense | (13.5) | (16.9) |
| Net income | 56.0 | 43.0 |
| Net income attributable to non-controlling interests | — | (0.1) |
| Net income attributable to common stockholders | $56.0 | $42.9 |
| Earnings per share | ||
| Basic | $0.23 | $0.18 |
| Diluted | $0.23 | $0.18 |
| Weighted average common shares outstanding | ||
| Basic | 241.8 | 241.1 |
| Diluted | 242.5 | 241.8 |
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