Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 642M | 12.8% |
| Gross Profit | 268M | 9.2% |
| Cost of Revenue | 571M | 11.7% |
| Operating expense | 173M | 3.2% |
| Net Income | 40M | 28% |
| EBITDA | 124M | 15.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.1B | 3.8% |
| Total Liabilities | 2.64B | 2.7% |
| Total Equity | 2.44B | 5% |
| Shares Outstanding | 242M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 80M | 37.1% |
| Cash from financing | -28M | 13.8% |
EPS
Financial Highlights for Element Solutions in Q3 '24
Element Solutions reported a revenue of 642M, which is a 12.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 268M, marking a 9.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 571M, a 11.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 173M, showing a 3.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 40M, showing a -28% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 124M, showing a 15.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Element Solutions faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
