Element Solutions Increases FY24 Adjusted EBITDA Outlook From $515M - $530M To $530M -$545M; Now Expects 2024 Adjusted EPS Of $1.40 - $1.46, Est $1.39
Portfolio Pulse from Benzinga Newsdesk
Element Solutions has increased its FY24 adjusted EBITDA outlook from $515M-$530M to $530M-$545M and now expects 2024 adjusted EPS of $1.40-$1.46, surpassing the estimated $1.39.
June 11, 2024 | 8:37 pm
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Element Solutions has raised its FY24 adjusted EBITDA outlook to $530M-$545M and now expects 2024 adjusted EPS of $1.40-$1.46, exceeding the estimated $1.39.
The increase in adjusted EBITDA and EPS outlook indicates stronger financial performance than previously expected, which is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100