Element Solutions Inc Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 04:42 pm EDT
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Element Solutions Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 586.6 million compared to USD 387 million a year ago. Operating income was USD 71 million compared to USD 39.5 million a year ago. Net income was USD 81.1 million compared to USD 1.2 million a year ago. Basic earnings per share was USD 0.33 compared to USD 0.01 a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.01 a year ago. For the half year, sales was USD 1,136.7 million compared to USD 839.6 million a year ago. Operating income was USD 170.9 million compared to USD 94.1 million a year ago. Net income was USD 163.4 million compared to USD 9.8 million a year ago. Basic earnings per share was USD 0.66 compared to USD 0.04 a year ago. Basic earnings per share from continuing operations was USD 0.65 compared to USD 0.04 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.