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Hot Move to Watch: Element Solutions Inc (NYSE: ESI)

On Thursday, Shares of Element Solutions Inc (NYSE: ESI) showed the bearish trend with a lower momentum of -1.09% to $10.89. The company traded total volume of 443,693 shares as contrast to its average volume of 3.01M shares. The company has a market value of $2.73B and about 247.91M shares outstanding.

Element Solutions Inc (ESI), a global and diversified specialty chemicals company, recently declared its financial results from continuing operations for the three and twelve months ended December 31, 2018.

Fourth Quarter 2018 Highlights (contrast with fourth quarter 2017) for continuing operations:

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  • Net sales on a stated basis for the fourth quarter of 2018 were $478.0M, a decrease of 2% over the prior fourth quarter period. Organic net sales, which exclude the impact of currency changes, certain pass-through metal prices and acquisitions, increased 1%.
    • Electronics: Net sales reduced 4% to $282.0M. Organic net sales reduced 1%.
    • Industrial & Specialty: Net sales increased 1% to $196.0M. Organic net sales increased 4%.
  • Stated net loss from continuing operations for the fourth quarter of 2018 was $14.0M, as contrast to a loss of $19.0M for the fourth quarter of 2017.
  • Adjusted EBITDA for the fourth quarter of 2018 was $99.0M, a decrease of 5%. On a constant currency basis, adjusted EBITDA reduced 1%.
    • Electronics: Adjusted EBITDA was $58.0M, a decrease of 8%. On a constant currency basis, adjusted EBITDA reduced 5%.
    • Industrial & Specialty: Adjusted EBITDA was $41.0M, a boost of 1%. On a constant currency basis, adjusted EBITDA increased 5%. Adjusted EBITDA margin for the combined company reduced by 50 basis points to 21%. On a constant currency basis, adjusted EBITDA margin reduced by 40 basis points.

Full Year 2018 Highlights (contrast with full year 2017) for continuing operations:

  • Net sales on a stated basis for the full year 2018 were $1.960B, a boost of 4% over the prior full year period. Organic net sales increased 3%.
    • Electronics: Net sales increased 3% to $1.160B. Organic net sales increased 2%.
    • Industrial & Specialty: Net sales increased 6% to $804.0M. Organic net sales increased 5%.
  • Stated net loss from continuing operations for the full year 2018 was $77.0M, as contrast to a net loss of $192.0M in 2017.
  • Adjusted EBITDA for the full year 2018 was $421.0M, a boost of 5%. On a constant currency basis, adjusted EBITDA increased 4%.
    • Electronics: Adjusted EBITDA was $248.0M, a boost of 6%. On a constant currency basis, adjusted EBITDA increased 5%.
    • Industrial & Specialty: Adjusted EBITDA was $173.0M, a boost of 3%. On a constant currency basis, adjusted EBITDA increased 2%. Adjusted EBITDA margin for the combined company improved by 10 basis points to 21%. On a constant currency basis, adjusted EBITDA margin remained flat.

The Company offered net profit margin of -16.50% while its gross profit margin was 42.70%. ROE was recorded as -13.60% while beta factor was 2.33. The stock, as of recent close, has shown the weekly upbeat performance of 0.55% which was maintained at 6.58% in this year.

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