Element Solutions (NYSE: ESI) reported Q4 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $574 million versus the consensus estimate of $591.56 million.

GUIDANCE:

Element Solutions sees FY2023 EPS of $1.40-$1.43, versus the consensus of $1.40.

• For the full year 2023, the Company expects adjusted EBITDA to be approximately flat compared to full year 2022 on a constant currency basis. The Company's guidance range of $510 million to $530 million implies between a 2% decline and 2% increase in adjusted EBITDA on a constant currency basis, based on mid-February exchange rates. For 2023, the Company expects adjusted EPS in the range of $1.40 to $1.43 and free cash flow of approximately $275 million. In addition, the Company expects first quarter 2023 adjusted EBITDA to grow 1% to 3% relative to the fourth quarter of 2022 and adjusted EBITDA for the full year 2023 to be weighted significantly towards the second half of the year.

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