Element Solutions Inc
For the period ended Sep 30, 2024. Filed Oct 29, 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.
Sep 30, 2024 · Filed Oct 29, 2024
ESI$32.75-0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income (loss) | $40.4 | $(31.7) | $189.7 | $41.0 |
| Other comprehensive income (loss) | ||||
| Foreign currency translation: | ||||
| Other comprehensive income (loss) before reclassifications, net of tax (benefit) expense of $(8.9) million and $0.6 for the three months ended September 30, 2024 and 2023 and $(0.9) and $0.6 for the nine months ended September 30, 2024 and 2023, respectively | 65.2 | (21.8) | (9.5) | (80.4) |
| Total foreign currency translation adjustments | 65.2 | (21.8) | (9.5) | (80.4) |
| Available-for-sale debt securities: | ||||
| Other comprehensive income (loss) before reclassifications, net of tax expense of $0.0 for the three and nine months ended September 30, 2024 and 2023, respectively | — | — | 0.2 | (1.0) |
| Reclassifications, net of tax expense of $0.0 for the three and nine months ended September 30, 2024 and 2023, respectively | (0.2) | — | (0.2) | — |
| Total unrealized loss on available-for-sale debt securities | (0.2) | — | — | (1.0) |
| Derivative financial instruments: | ||||
| Other comprehensive (loss) income before reclassifications, net of tax (benefit) expense of $(5.3) and $(0.7) for the three months ended September 30, 2024 and 2023 and $1.1 and $(1.6) for the nine months ended September 30, 2024 and 2023, respectively | (17.2) | 7.3 | 3.5 | 20.5 |
| Reclassifications, net of tax expense of $2.0 and $0.0 for the three months ended September 30, 2024 and 2023 and $5.7 and $0.0 for the nine months ended September 30, 2024 and 2023, respectively | (6.6) | (10.8) | (20.2) | (28.6) |
| Total unrealized loss on qualified hedging derivatives | (23.8) | (3.5) | (16.7) | (8.1) |
| Other comprehensive income (loss) | 41.2 | (25.3) | (26.2) | (89.5) |
| Comprehensive income (loss) | 81.6 | (57.0) | 163.5 | (48.5) |
| Comprehensive loss attributable to non-controlling interests | — | — | — | 0.5 |
| Comprehensive income (loss) attributable to common stockholders | $81.6 | $(57.0) | $163.5 | $(48.0) |
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