Element Solutions (NYSE:ESI) reported Q4 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $574 million versus the consensus estimate of $591.56 million.
GUIDANCE:
Element Solutions sees FY2023 EPS of $1.40-$1.43, versus the consensus of $1.40.
- For the full year 2023, the Company expects adjusted EBITDA to be approximately flat compared to full year 2022 on a constant currency basis. The Company's guidance range of $510 million to $530 million implies between a 2% decline and 2% increase in adjusted EBITDA on a constant currency basis, based on mid-February exchange rates. For 2023, the Company expects adjusted EPS in the range of $1.40 to $1.43 and free cash flow of approximately $275 million. In addition, the Company expects first quarter 2023 adjusted EBITDA to grow 1% to 3% relative to the fourth quarter of 2022 and adjusted EBITDA for the full year 2023 to be weighted significantly towards the second half of the year.