Element Solutions Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,551	2,457	2,333	2,549	2,400
Revenue Growth (YoY)	3.84%	5.30%	-8.48%	6.23%	29.46%
Cost of Revenue	1,481	1,421	1,415	1,597	1,439
Gross Profit	1,071	1,036	918.5	952.7	960.8
Selling, General & Admin	660.7	628.8	596.8	578.6	599.5
Research & Development	67.6	59.1	52.4	48.8	49.7
Operating Expenses	728.3	687.9	649.2	627.4	649.2
Operating Income	342.2	347.8	269.3	325.3	311.6
Interest Expense	-53.4	-56.3	-49.3	-51.2	-54.2
Currency Exchange Gain (Loss)	-35.3	25.1	7.9	-5	15.8
Other Non Operating Income (Expenses)	-41.5	-11.2	6.2	5.8	-9.8
EBT Excluding Unusual Items	212	305.4	234.1	274.9	263.4
Merger & Restructuring Charges	-	-	-15.7	-	-11.7
Impairment of Goodwill	-	-	-80	-	-
Gain (Loss) on Sale of Investments	-	-11.4	-	-	-
Gain (Loss) on Sale of Assets	59	-	-	-	-
Other Unusual Items	-5.4	-6.3	-9.3	-2.9	-
Pretax Income	265.6	287.7	129.1	272	251.7
Income Tax Expense	74.6	44.8	13	85.8	48.3
Earnings From Continuing Operations	191	242.9	116.1	186.2	203.4
Earnings From Discontinued Operations	-	1.6	2.1	1.8	0.3
Net Income to Company	191	244.5	118.2	188	203.7
Minority Interest in Earnings	-0.2	-0.3	-0.1	-0.8	-0.4
Net Income	190.8	244.2	118.1	187.2	203.3
Net Income to Common	190.8	244.2	118.1	187.2	203.3
Net Income Growth	-21.87%	106.77%	-36.91%	-7.92%	168.56%
Shares Outstanding (Basic)	242	242	241	245	247
Shares Outstanding (Diluted)	242	243	242	246	248
Shares Change (YoY)	-0.08%	0.33%	-1.63%	-0.85%	-0.80%
EPS (Basic)	0.79	1.01	0.49	0.76	0.82
EPS (Diluted)	0.79	1.01	0.49	0.76	0.82
EPS Growth	-21.67%	105.98%	-35.47%	-7.78%	169.90%
Free Cash Flow	227.6	295.2	283.1	249.9	276.2
Free Cash Flow Per Share	0.94	1.22	1.17	1.02	1.11
Dividend Per Share	0.320	0.320	0.320	0.320	0.250
Dividend Growth	-	-	-	28.00%	400.00%
Gross Margin	41.96%	42.16%	39.37%	37.37%	40.04%
Operating Margin	13.41%	14.16%	11.54%	12.76%	12.98%
Profit Margin	7.48%	9.94%	5.06%	7.34%	8.47%
Free Cash Flow Margin	8.92%	12.02%	12.13%	9.80%	11.51%
EBITDA	493.4	505.4	436	486.6	475.5
EBITDA Margin	19.34%	20.57%	18.69%	19.09%	19.81%
D&A For EBITDA	151.2	157.6	166.7	161.3	163.9
EBIT	342.2	347.8	269.3	325.3	311.6
EBIT Margin	13.41%	14.16%	11.54%	12.76%	12.98%
Effective Tax Rate	28.09%	15.57%	10.07%	31.54%	19.19%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.