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
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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $645.0 | $599.3 | $1,832.7 | $1,759.8 |
| Cost of sales | 377.5 | 357.4 | 1,053.0 | 1,061.6 |
| Gross profit | 267.5 | 241.9 | 779.7 | 698.2 |
| Operating expenses: | ||||
| Selling, technical, general and administrative | 157.6 | 149.9 | 462.1 | 445.8 |
| Research and development | 14.9 | 12.9 | 48.6 | 54.3 |
| Goodwill impairment | — | 80.0 | — | 80.0 |
| Total operating expenses | 172.5 | 242.8 | 510.7 | 580.1 |
| Operating profit (loss) | 95.0 | (0.9) | 269.0 | 118.1 |
| Other (expense) income: | ||||
| Interest expense, net | (14.2) | (13.3) | (42.4) | (37.0) |
| Foreign exchange gains (losses) | 11.1 | (5.3) | 24.0 | 8.6 |
| Other (expense) income, net | (14.7) | 3.1 | (29.7) | 1.8 |
| Total other expense | (17.8) | (15.5) | (48.1) | (26.6) |
| Income (loss) before income taxes and non-controlling interests | 77.2 | (16.4) | 220.9 | 91.5 |
| Income tax expense | (36.8) | (15.3) | (32.8) | (53.4) |
| Net income (loss) from continuing operations | 40.4 | (31.7) | 188.1 | 38.1 |
| Income from discontinued operations, net of tax | — | — | 1.6 | 2.9 |
| Net income (loss) | 40.4 | (31.7) | 189.7 | 41.0 |
| Net income attributable to non-controlling interests | (0.1) | (0.1) | (0.2) | — |
| Net income (loss) attributable to common stockholders | $40.3 | $(31.8) | $189.5 | $41.0 |
| Earnings (loss) per share | ||||
| Basic from continuing operations | $0.17 | $(0.13) | $0.77 | $0.16 |
| Basic from discontinued operations | — | — | 0.01 | 0.01 |
| Basic attributable to common stockholders | $0.17 | $(0.13) | $0.78 | $0.17 |
| Diluted from continuing operations | $0.17 | $(0.13) | $0.77 | $0.16 |
| Diluted from discontinued operations | — | — | 0.01 | 0.01 |
| Diluted attributable to common stockholders | $0.17 | $(0.13) | $0.78 | $0.17 |
| Weighted average common shares outstanding | ||||
| Basic | 242.1 | 241.5 | 242.0 | 241.4 |
| Diluted | 242.6 | 241.5 | 242.5 | 241.8 |
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