Element Solutions Inc Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 24, 2021 at 04:41 pm EST
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Element Solutions Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 536.6 million compared to USD 454.7 million a year ago. Operating income was USD 80 million compared to USD 81.6 million a year ago. Net income was USD 29.9 million compared to USD 74.4 million a year ago. Basic earnings per share was USD 0.12 compared to USD 0.3 a year ago. Diluted earnings per share was USD 0.12 compared to USD 0.29 a year ago. For the full year, sales was USD 1,853.7 million compared to USD 1,835.9 million a year ago. Operating income was USD 232.7 million compared to USD 249.1 million a year ago. Net income was USD 75.7 million compared to USD 92.2 million a year ago. Basic earnings per share was USD 0.3 compared to USD 0.36 a year ago. Diluted earnings per share was USD 0.3 compared to USD 0.35 a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.3 a year ago.
Element Solutions Inc is a global and diversified specialty chemicals company whose businesses supply a broad range of solutions. The Companyâs segments include Electronics and Industrial & Specialty. The Electronics segment research, formulates and sells specialty chemicals and process technologies for all types of electronics hardware, from complex printed circuit board designs to advanced semiconductor packaging. The Industrial & Specialty segment research, formulates and sells specialty chemicals and process technologies that enhance surfaces or improve industrial processes in diverse industrial sectors from automotive trim to transcontinental infrastructure and from high-speed printing to high-design faucets. Its solutions enable customers manufacturing processes in several key industries, including consumer electronics, power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing, and others.
ELEMENT SOLUTIONS INC 
