Element Solutions (ESI) Tops Q3 EPS by 2c

Element Solutions (NYSE: ESI) reported Q3 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $478 million versus the consensus estimate of $439.95 million.

2020 Guidance

For the fourth quarter of 2020, the Company expects adjusted EBITDA to be between $90 million and $95 million. The Company increased its full year 2020 free cash flow outlook and now expects to generate free cash flow of approximately $215 million for the full year. However, the impact of COVID-19 continues to make it difficult to forecast macroeconomic conditions or operating results.

For earnings history and earnings-related data on Element Solutions (ESI) click here.

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