Element Solutions 10-Q: Q3 Sales $995.3M, Net Income $65.7M; Electronics President Fricke Steps to Advisor
ESI sits 54% above its 52-week low of $22.86 on light trading volume (0.2× avg).
Summary
Element Solutions' Q3 10-Q confirms $995.3M of sales and $65.7M of net income already reported October 21, and discloses that Electronics President Richard Fricke moved to a $20,000-a-month advisory role on October 19 as Matthew Liebowitz became COO and Carey Dorman President and CFO.
Key Events · Earnings and Guidance · ESI
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Q3 Results Confirmed in 10-Q
Net sales of $995.3M (up 52% reported, 13% organic) and net income of $65.7M, or $0.27 per diluted share, versus $39.3M and $0.16 a year earlier.
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Electronics President Moves to Advisor
Richard L. Fricke transitioned effective October 19, 2026 to special advisor under a Letter Agreement dated October 16, 2026 paying a $20,000 monthly consulting fee for up to 36 months plus continued vesting of 2024-2026 equity awards.
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New COO and President/CFO Named
Matthew Liebowitz was appointed Chief Operating Officer and Carey Dorman President and Chief Financial Officer as part of the same transition.
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Acquisitions Drain Cash, Add Debt
Cash fell to $224.9M from $626.5M after $865.8M of acquisition spending; total debt rose to $2.08B from $1.63B, with $478M of revolver availability remaining.
Analysis · ESI · Industrial Applications And Services
The 10-Q formalizes the record Q3 already reported on October 21 — net sales of $995.3M (up 52% reported, 13% organic) and net income of $65.7M, or $0.27 per diluted share — but the new information is the management change: Richard Fricke, who ran the Electronics segment, moved to a paid advisory role on October 19, with Matthew Liebowitz named COO and Carey Dorman President and CFO. Electronics is the growth engine (segment Adjusted EBITDA up 46% to $148.3M), so the handoff of its leadership matters. The balance sheet also shows the cost of the Micromax and EFC deals: cash fell to $224.9M from $626.5M and total debt rose to $2.08B from $1.63B, leaving $478M of revolver capacity. Gross margin compressed to 34.4% from 42.2%, largely pass-through metals mix rather than pricing deterioration.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ESI was trading at $35.11 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $22.86 to $49.25. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.