Element Solutions Inc
For the period ended Jun 30, 2024. Filed Jul 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.
Jun 30, 2024 · Filed Jul 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $612.7 | $586.1 | $1,187.7 | $1,160.5 |
| Cost of sales | 345.5 | 357.6 | 675.5 | 704.2 |
| Gross profit | 267.2 | 228.5 | 512.2 | 456.3 |
| Operating expenses: | ||||
| Selling, technical, general and administrative | 155.4 | 147.0 | 304.5 | 295.9 |
| Research and development | 15.6 | 28.9 | 33.7 | 41.4 |
| Total operating expenses | 171.0 | 175.9 | 338.2 | 337.3 |
| Operating profit | 96.2 | 52.6 | 174.0 | 119.0 |
| Other (expense) income: | ||||
| Interest expense, net | (14.3) | (12.0) | (28.2) | (23.7) |
| Foreign exchange gains | 5.0 | 9.0 | 12.9 | 13.9 |
| Other expense, net | (12.7) | (1.6) | (15.0) | (1.3) |
| Total other expense | (22.0) | (4.6) | (30.3) | (11.1) |
| Income before income taxes and non-controlling interests | 74.2 | 48.0 | 143.7 | 107.9 |
| Income tax benefit (expense) | 17.5 | (21.2) | 4.0 | (38.1) |
| Net income from continuing operations | 91.7 | 26.8 | 147.7 | 69.8 |
| Income from discontinued operations, net of tax | 1.6 | 2.9 | 1.6 | 2.9 |
| Net income | 93.3 | 29.7 | 149.3 | 72.7 |
| Net (income) loss attributable to non-controlling interests | (0.1) | 0.2 | (0.1) | 0.1 |
| Net income attributable to common stockholders | $93.2 | $29.9 | $149.2 | $72.8 |
| Earnings per share | ||||
| Basic from continuing operations | $0.38 | $0.11 | $0.61 | $0.29 |
| Basic from discontinued operations | 0.01 | 0.01 | 0.01 | 0.01 |
| Basic attributable to common stockholders | $0.39 | $0.12 | $0.62 | $0.30 |
| Diluted from continuing operations | $0.38 | $0.11 | $0.61 | $0.29 |
| Diluted from discontinued operations | 0.01 | 0.01 | 0.01 | 0.01 |
| Diluted attributable to common stockholders | $0.39 | $0.12 | $0.62 | $0.30 |
| Weighted average common shares outstanding | ||||
| Basic | 242.1 | 241.4 | 242.0 | 241.1 |
| Diluted | 242.5 | 241.7 | 242.5 | 241.6 |
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