Element Solutions (ESI) Tops Q2 EPS by 4c

Element Solutions (NYSE: ESI) reported Q2 EPS of $0.18, $0.04 better than the analyst estimate of $0.14. Revenue for the quarter came in at $387 million versus the consensus estimate of $377.89 million.

2020 Guidance

For the third quarter of 2020, the Company expects adjusted EBITDA to be at least $80 million. The Company increased its full year 2020 free cash flow outlook and now expects to generate free cash flow of greater than $185 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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