纪要涉及的公司 Element Solutions（ESI） 纪要提到的核心观点和论据 1. **公司整体情况** - 公司成立超六年，投资组合不断优化，通过业务运营、聚焦方向和资本配置提升竞争力，剥离非核心业务，资产负债表状况良好，具备进攻能力 [3][4] 2. **电子业务** - **供应链优势**：供应链灵活，本地制造、采购和销售，能应对贸易紧张和关税问题 [6] - **需求趋势**：业务从面向消费者的智能手机驱动向面向企业的数据中心和高性能计算驱动转变，数据中心投资和高性能计算应用（如AI）需求持续，公司电子业务表现出色，半导体业务和电路板业务过去一年半分别跑赢MSI超1000个基点和PCB平方米产量，预计这种趋势将持续 [7][8][9] - **先进封装业务**：半导体行业创新从缩小尺寸转向架构创新，即先进封装，公司在解决封装问题上具有优势，产品和解决方案能覆盖封装系统，市场向公司靠拢，相关业务已在损益表中体现增长，产品和创新周期长，目前刚开始收获成果 [20][21][22] - **Cuprian技术**：Cuprian相关的活性铜技术是材料科学的突破，能解决电子生态系统中快速增长和技术挑战大的应用痛点，应用广泛，市场需求信号强，但生产和应用认证是瓶颈，预计2025年有制造能力，2026年有利润，利润率高，能为供应链带来价值 [31][32][33] - **电路组装业务**：业务表现优于需求指标，驱动因素是专注于各市场的先进和技术挑战大的应用，这些应用的价值增长快于产品数量增长。市场研究显示，未来四五年印刷电路板市场将加速增长，公司有望受益，半导体业务将实现两位数增长，组装业务在工业复苏情况下有望实现中个位数增长 [38][39][43] 3. **电动汽车业务** - 公司在电动汽车领域能力广泛，核心优势在功率电子方面，拥有差异化的烧结银纳米颗粒技术，能提高功率模块的电压和效率，减少热量散失。业务增长快于电动汽车产量，市场份额不断扩大，目前已从集中于美国电动汽车OEM扩展到中国市场，未来有望在西方市场取得进展，不仅是单位增长，还包括生态系统渗透，具有高价值、高利润率和差异化优势 [46][47][48] 4. **工业业务** - 尽管宏观经济疲软，但公司工业业务通过优化采购、利用原材料通缩和提高生产率实现了营业利润增长。目前市场环境仍较平淡，中国和亚洲有一些积极迹象，西方市场表现一般，德国基础设施投资可能成为业务的需求驱动因素 [53][54][60] 5. **其他关注点** - **关税和需求**：公司难以判断关税是否会导致需求破坏，目前没有需求破坏的迹象，关注货物流动，准备调整生产以避免关税影响 [14][15][16] - **资本配置**：公司过去建立了审慎的资本配置框架，过去两年资本配置受限，目前资产负债表良好，未来通过资本配置创造价值的能力可能被低估 [62] 其他重要但是可能被忽略的内容 - 智能手机市场需求疲软，已偏离趋势且远低于峰值，可能无法回到17亿部的峰值，公司业务增长得益于向B2B业务的转变 [40][41] - 非电动汽车为主的OEM生产周期长，仍在探索电动汽车生产方式，公司技术已开始在部分高端产品中应用，未来随着问题解决，市场潜力大 [49] - 公司工业解决方案业务约50%为汽车业务，50%为其他业务（包括建筑、建筑产品、重型机械等），且近50%业务在欧洲，欧洲工业生产率改善将成为业务的重要需求驱动因素 [60]

It has been about a month since the last earnings report for Element Solutions (ESI) . Shares have added about 5.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Element Solutions due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Si ...

IRAPUATO, Mexico, April 30, 2025 /PRNewswire/ -- MacDermid Enthone Industrial Solutions, an Element Solutions Inc ("ESI") company and a global leader in surface finishing technology, is reinforcing its long-term commitment to innovation and excellence through a strategic investment in RM Plating. This newly established partnership between MacDermid Enthone and Recubrimientos Metalicos de Mexico, a premier electroplating and surface finishing company in Mexico, builds on a trusted relationship of more than 5 ...

Element Solutions Inc. (ESI) recorded earnings of 40 cents per share for first-quarter 2025 compared with 23 cents in the year-ago quarter.Barring one-time items, earnings came in at 34 cents per share. It beat the Zacks Consensus Estimate of 33 cents.The company generated net sales of $593.7 million, up 3.3% year over year. The figure surpassed the Zacks Consensus Estimate of $584.6 million. Organic net sales rose 5%.The company saw strong growth in the electronics segment sales in the quarter, offset by t ...

First Quarter 2025 Earnings Presentation Enabling Technology. Growing Sustainably. Legal Notices NON-GAAP FINANCIAL MEASURES To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States ("GAAP"), the Company presents in this presentation the following non-GAAP financial measures: EBITDA, adjusted EBITDA, adjusted EBITDA growth (including growth excluding the MacDermid Graphics Solutions business) adjusted EBITDA margin (including margin exclu ...

Image source: The Motley Fool.Wednesday, Apr 23, 2025CALL PARTICIPANTSBen Gliklich: President and CEOCarey Dorman: CFOSir Martin Franklin: Executive ChairmanVarun Gokarn: Vice President of Strategy and Integration Need a quote from one of our analysts? Email [email protected]Q1 Organic Sales Growth: 5% year-over-year, driven by 10% organic growth in the Electronics segment during Q1 2025Q1 Adjusted EBITDA: $128 million, exceeding guidanceWafer-Level Packaging Sales: Grew over 20%, boosted by high bandwidth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _______________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Registrant's telephone number, including area code: (561) 207-9600 _______________ Securities registered pursuant to Section 12(b) of the Act: (State ...

Element Solutions Inc (NYSE:ESI) Q1 2025 Earnings Conference Call April 24, 2025 8:30 AM ET Company Participants Varun Gokarn - Vice President, Strategy and Integration Ben Gliklich - President and Chief Executive Officer Carey Dorman - Chief Financial Officer Sir Martin Franklin - Executive Chairman Conference Call Participants James Cannon - UBS Bhavesh Lodaya - BMO Capital Markets Mike Harrison - Seaport Research Partners Rock Hoffman - Bank of America Chris Parkinson - Wolfe Research Pete Osterland - Tr ...

Element Solutions (ESI) Q1 2025 Earnings Call April 25, 2025 12:45 AM ET Company Participants Varun Gokarn - Vice President - Strategy and IntegrationBenjamin Gliklich - President and CEOBhavesh Lodaya - US Chemicals Equity ResearchSir Martin Franklin - Executive ChairmanRock Hoffman - Equity Research AssociateChristopher Parkinson - Managing DirectorCarey Dorman - EVP and CFOJohn Roberts - Managing DirectorJonathan Tanwanteng - Managing DirectorRyan Weis - Equity Research Associate Conference Call Particip ...

For the quarter ended March 2025, Element Solutions (ESI) reported revenue of $593.7 million, up 3.3% over the same period last year. EPS came in at $0.34, compared to $0.34 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $584.63 million, representing a surprise of +1.55%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $0.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...