Element's Q4 Earnings in Line, Revenues Surpass Estimates

Element Solutions Inc. ESI recorded earnings of 23 cents per share from continuing operations in fourth-quarter 2024 compared with 32 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share were 35 cents. The bottom line met the Zacks Consensus Estimate of 35 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company generated net sales of $624.2 million, up 8.9% year over year. The figure beat the Zacks Consensus Estimate of $603.9 million. ESI also delivered adjusted EBITDA growth of 8% in the quarter.Element Solutions Inc. Price, Consensus and EPS Surprise Element Solutions Inc. price-consensus-eps-surprise-chart | Element Solutions Inc. QuoteESI’s Segment HighlightsNet sales in the Electronics segment rose 14% year over year to $401.4 million in the quarter. Organic net sales were up 7% from the previous year's reported figure. The figure was ahead of the consensus estimate of $388.8 million.In the Industrial & Specialty segment, net sales increased 1% year over year to $222.8 million, with organic net sales increasing 3%. The figure was above the consensus estimate of $214.9 million.ESI’s FY24 ResultsEarnings for full-year 2024 from continuing operations were $1 per share, up from 48 cents a year ago. Net sales rose around 5.3% year over year to $2,456.9 million.Element’s Financial PositionElement ended 2024 with cash and cash equivalents of $359.4 million, up around 24.2% year over year. Long-term debt was $1,813.6 million at the end of the quarter, down around 5.6% year over year.Cash from operating activities was $362 million in 2024. Free cash flow was $294 million for the year.ESI’s OutlookFor the full-year 2025, the company expects adjusted EBITDA to be in the range of $520-$540 million and free cash flow conversion to be comparable year over year. It also expects first-quarter 2025 adjusted EBITDA to be approximately $125 million.ESI’s Price PerformanceShares of Element have gained 13.4% in a year against the industry’s 20.6% decline.Image Source: Zacks Investment ResearchESI’s Zacks Rank & Key PicksESI currently carries a Zacks Rank #4 (Sell).Better-ranked stocks worth a look in the basic materials space are ICL Group Ltd.  ICL, Fortuna Mining Corp. FSM and Kronos Worldwide KRO.ICL is slated to report fourth-quarter results on Feb. 26. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at six cents per share. ICL beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 18.1%. ICL currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Fortuna is scheduled to release fourth-quarter results on March 5. The Zacks Consensus Estimate for FSM’s fourth-quarter earnings is pegged at 16 cents per share. FSM, a Zacks Rank #2 stock, has gained around 64.6% in the past year. FSM beat the consensus estimate in two of the last four quarters while missing twice, with the average earnings surprise being 53.5%.Kronos is expected to report fourth-quarter results on March 5. The consensus estimate for KRO’s fourth-quarter earnings is pegged at 11 cents per share. KRO, carrying a Zacks Rank of 2 at present, beat the consensus estimate in three of the last four quarters while missing once, with the average earnings surprise being 41.7%.  Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Element Solutions Inc. (ESI): Free Stock Analysis Report Kronos Worldwide Inc (KRO): Free Stock Analysis Report Fortuna Mining Corp. (FSM): Free Stock Analysis Report ICL Group Ltd. (ICL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks