Element Solutions Now Expects Q2 Adjusted EBITDA Of ~$135M Vs. Prior View Of $125M, Or Roughly Flat To Q1 On Constant Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Element Solutions has revised its Q2 adjusted EBITDA expectations to approximately $135 million, up from the prior view of $125 million. The company attributes this to the strength in its electronics business and improved profitability. Despite a generally weaker industrial environment, Element Solutions expects to generate record adjusted EBITDA in 2024.
June 11, 2024 | 8:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Element Solutions has increased its Q2 adjusted EBITDA forecast to $135 million, up from $125 million, due to strong performance in its electronics business and improved profitability. The company also expects record adjusted EBITDA in 2024.
The upward revision in Q2 adjusted EBITDA and the expectation of record adjusted EBITDA in 2024 indicate strong financial performance and positive future outlook, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100