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Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 569M | 2% |
| Gross Profit | 245M | 11.2% |
| Cost of Revenue | 511M | 5.1% |
| Operating expense | 167M | 1.5% |
| Net Income | 56M | 27.4% |
| EBITDA | 108M | 25.3% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 4.91B | 1.2% |
| Total Liabilities | 2.57B | 2.2% |
| Total Equity | 2.32B | 0.2% |
| Shares Outstanding | 242M | 0.2% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | 58M | 80.3% |
| Cash from investing | -23M | 4.6% |
| Cash from financing | -33M | 75.5% |
EPS
Financial Highlights for Element Solutions in Q1 '24
Element Solutions reported a revenue of 569M, which is a 2% 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 245M, marking a 11.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 511M, a -5.1% 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 167M, showing a 1.5% 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 56M, showing a -27.4% 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 108M, showing a 25.3% 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.
