Element Solutions (NYSE:ESI) reported Q2 EPS of $0.38, $0.02 better than the analyst estimate of $0.36. Revenue for the quarter came in at $677 million versus the consensus estimate of $686.82 million.
GUIDANCE:
Element Solutions sees FY2022 EPS of $1.52-$1.55, versus the consensus of $1.54.
- For the full-year 2022, the Company updated its financial guidance for adjusted EBITDA to a range of $565 million to $575 million to reflect translational foreign exchange headwind. Full year constant currency adjusted EBITDA growth expectations are modestly higher than prior quarter guidance. Taking into consideration the translational currency headwind, the Company now expects full-year 2022 adjusted EPS of $1.52 to $1.55 and free cash flow of approximately $270 million. For the third quarter of 2022, adjusted EBITDA is expected to be approximately $140 million.