Element Solutions (ESI) Q3 2026 earnings summary

Executive summary

• Record Q3 net sales were $995.3M, up 52% reported and 13% organically; adjusted EBITDA reached $191.0M, up 30% reported and 29% at constant currency.

• Net income rose to $65.7M from $39.3M; adjusted EPS increased 22% to $0.50 from $0.41.

• Broad Electronics growth and recent acquisitions supported results; FY 2026 adjusted EBITDA guidance increased to ~$720M.

Financial highlights

• Q3 net sales were $995.3M versus $656.1M; organic growth was 13%.

• Adjusted EBITDA was $191.0M versus $146.9M; adjusted EPS was $0.50 versus $0.41.

• Operating cash flow was $159.2M and free cash flow was $134.5M; Q3 capex was $30.4M.

Outlook and guidance

• FY 2026 adjusted EBITDA guidance increased to ~$720M; adjusted EPS growth is expected to exceed 20%.

• Guidance includes full-year Micromax and EFC contributions and assumes stable exchange rates and metal prices; adjusted EPS guidance assumes no incremental capital allocation.

• FY 2026 net capex is expected to be ~$110M, including investment in Kuprion sites and other growth products.

• Electronics momentum and customer investment are expected to continue into 2027.