Element Solutions Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Element Solutions (NYSE:ESI) reported Q1 earnings of $43 million, a 233.33% increase from the previous quarter, and sales of $574.4 million, a 0.1% increase since Q4. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation.
May 23, 2023 | 3:00 pm
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Element Solutions' Q1 earnings and sales increased, with a positive ROCE of 0.02%, suggesting effective capital allocation and potential for higher future earnings per share.
Element Solutions reported a significant increase in Q1 earnings and a slight increase in sales. The positive ROCE of 0.02% indicates that the company is allocating capital effectively, which can lead to higher returns and future earnings per share growth. This is a positive sign for investors, as it suggests the company is operating efficiently and has the potential for more durable success and favorable long-term returns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100