Element Solutions Posts Record Q3, Raises 2026 Adjusted EBITDA Guidance to ~$720M
ESI sits 64% above its 52-week low of $22.86.
Summary
Element Solutions reported record Q3 2026 results with net sales of $995.3M and adjusted EBITDA of $191.0M, then raised full-year 2026 adjusted EBITDA guidance to about $720 million with adjusted EPS growth above 20%.
Key Events · Earnings and Guidance · ESI
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Record Q3 With 52% Sales Growth
Net sales of $995.3M rose 52% reported and 13% organic; Electronics sales of $779.6M grew 18% organically on AI-infrastructure and high-performance electronics demand.
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Adjusted EBITDA Up 29% Constant Currency
Adjusted EBITDA of $191.0M versus $146.9M a year ago, with margin up 50 basis points to 28.2%; Electronics EBITDA rose 46% while Specialties fell 6%.
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2026 Guidance Raised to ~$720M EBITDA
Full-year 2026 adjusted EBITDA guidance lifted to approximately $720 million, including full-year Micromax and EFC contributions, with adjusted EPS growth above 20%.
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Strong Cash Conversion
Q3 operating cash flow of $159.2M and free cash flow of $134.5M; cash balance $224.9M against $2.09B total debt, about 94% of which is fixed rate.
Analysis · ESI · Industrial Applications And Services
A record quarter for Element Solutions: net sales of $995.3M (up 52% reported, 13% organic) and adjusted EBITDA of $191.0M, up 29% in constant currency, powered by 18% organic growth in Electronics on AI-infrastructure demand. Management raised full-year 2026 adjusted EBITDA guidance to approximately $720 million and pointed to adjusted EPS growth above 20%, resetting the standalone earnings base now that the $14.5 billion Solstice merger was terminated on August 27. Cash conversion was solid as well, with $159.2M of operating cash flow and $134.5M of free cash flow, against $2.09 billion of total debt and $224.9M of cash. The main soft spot is Specialties, where adjusted EBITDA fell 6% and margin contracted 390 basis points to 19.8%.
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In the 30 days to Oct 21, 2026, 37.2% of the 984 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.83%. 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 $37.50 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $22.86 to $49.25. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.