Element Solutions Inc

Latest Results (13.05.2026):

Element Solutions Inc's fourth quarter and full year 2025 results show continued top-line growth driven by Electronics while GAAP profitability was pressured by non-operational items; the company reported Q4 2025 net sales of $676.2 million and full-year 2025 net sales of $2.55 billion, with full-year adjusted EBITDA of $548 million and 2025 reported net income of $191 million (GAAP EPS $0.79; adjusted EPS $1.49).

Quarter (Q4 2025) results

Q4 2025 net sales were $676.2M, up 8% reported (10% organic). Reported net income was $6.2M (GAAP diluted EPS $0.03) and adjusted EPS was $0.37. Q4 adjusted EBITDA was $136.3M, up 5% versus Q4 2024.

Full-year (FY 2025) results

FY 2025 net sales totaled $2.55B (+4% reported, +6% organic). Reported net income declined 22% to $191M. Full-year adjusted EBITDA rose to $547.6M (reported in release as $548M), with adjusted EPS $1.49 (vs. $1.44 in 2024).

Segment performance

Electronics was the growth engine: FY Electronics sales $1.79B (+14% reported, +10% organic) and Electronics adjusted EBITDA $382M (+6%). Specialties sales fell to $765M (-15% reported, impacted by divestitures) with adjusted EBITDA of $165M (down ~5%).

Profitability & margins

FY net income margin was 7.5% (down 250 bps year-over-year). FY adjusted EBITDA margin was 21.5% (down 30 bps). Q4 net income margin compressed to 0.9% (down 790 bps), while Q4 adjusted EBITDA margin was 20.2% (down 60 bps).

2026 outlook

Element Solutions introduced 2026 guidance for adjusted EBITDA of $650M–$670M (inclusive of Micromax and EFC contributions) and expects adjusted EPS growth in the mid-to-high teens. Q1 2026 adjusted EBITDA guidance is $140M–$155M.

Cash, capital allocation & returns

Cash and cash equivalents were $626.5M at December 31, 2025. Total debt ~ $1.64B with net debt ~$1.01B. The company repurchased 1.2M shares for $25M in 2025 (remaining buyback ~ $556M) and returned ~$77.8M in dividends for FY 2025; a $0.08/share dividend was declared in Feb 2026.

Recent transactions & financing

Element completed the sale of MacDermid Graphics Solutions in Feb 2025 (proceeds ~ $320M, $66.5M gain) and closed acquisitions of EFC (Jan 2, 2026) and Micromax (Feb 2, 2026). To fund Micromax, it syndicated $450M of add-on term loans and upsized its revolver to $500M.