10-Q · July 28, 2026
Element Solutions posted a strong Q2, with $977.9 million of revenue, 15% organic growth, and $183.5 million of adjusted EBITDA, supported by AI, data-center and advanced-packaging demand as well as the Micromax and EFC…
Earnings analysis · 10-Q
ESI earnings analysis
Filed October 22, 2026 · Our reading of the company's report
The latest report
The supplied 10-Q excerpt does not include the condensed income statement, balance sheet, cash-flow statement, segment disclosures, or MD&A, so quarter-over-quarter and year-over-year financial trends cannot be…
Read full summary
The supplied 10-Q excerpt does not include the condensed income statement, balance sheet, cash-flow statement, segment disclosures, or MD&A, so quarter-over-quarter and year-over-year financial trends cannot be independently quantified from the filing text provided. The filing reports effective disclosure controls, continued share repurchases, and a senior leadership transition. It also states that there were no material changes to risk factors disclosed in the 2025 Annual Report and the June 30, 2026 10-Q, while highlighting the terminated Solstice merger in Note 1.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Share repurchases continued
The company repurchased 1,103,886 shares during the three months ended September 30, 2026 at an average price of $34.05 per share. Remaining authorization was $518 million at September 30, 2026.
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No reported control deficiencies
Disclosure controls and procedures were deemed effective as of the period end, and management reported no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, controls during the quarter.
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Senior leadership transition
Richard L. Fricke transitioned from President, Electronics to special advisor effective October 19, 2026. Matthew Liebowitz became COO and Carey Dorman became President and CFO.
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Transition terms disclosed
The Fricke transition agreement includes consultant fees for a period of up to 36 months, along with continued eligibility for the 2026 annual incentive bonus and certain benefits and equity vesting.
What to watch
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Solstice merger termination
The company states that the planned Solstice merger was terminated under an agreement dated August 27, 2026. The filing directs investors to Note 1 for details, indicating transaction-related uncertainty and potential strategic disruption.
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Key executive transition
The President of Electronics transitioned to a special-advisor role effective October 19, 2026, with Matthew Liebowitz assuming COO responsibilities and Carey Dorman becoming President and CFO. The transition creates execution and continuity risk in a key operating area.
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Capital allocation and liquidity
The company repurchased 1,103,886 shares during the quarter while approximately $518 million remained available under the authorization at September 30, 2026. Continued buybacks could compete with other uses of liquidity if operating conditions weaken.
Management's outlook
The supplied 10-Q excerpt does not provide quantitative revenue, EPS, or EBITDA guidance. The filing references the termination of the planned Solstice merger but does not include a revised operating outlook.
Earlier filings 4
10-Q · April 29, 2026
Element Solutions Inc. reported Q1 2026 net sales of $840 million, significantly higher than the $716 million consensus estimate, reflecting a 41% increase year-over-year. Adjusted EPS came in at $0.41, beating…
10-K · February 18, 2026
Element Solutions presents a strategy focused on customer-driven innovation, niche market leadership and disciplined capital allocation. In 2025 the company reported net sales of $2.55 billion with Electronics ~70% and…
10-Q · July 31, 2025
Element Solutions reported Q2 net sales of $625.2 million, up $12.5 million (+~2.0%) versus Q2 2024, while diluted EPS fell to $0.20 from $0.38 a year ago. The company generated a cash build (cash & equivalents $529.9…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.