Element Solutions (ESI) Q4 Earnings And Sales Top Estimates
Zacks Investment Research | Feb 27, 2020 07:43AM ET
Element Solutions Inc (NYSE:ESI) recorded earnings from continuing operations of 29 cents per share in fourth-quarter 2019, compared with a loss of 5 cents per share in the year-ago quarter.
Adjusted earnings per share (EPS) of 22 cents for the quarter surpassed the Zacks Consensus Estimate of 20 cents.
The company generated net sales of $454.7 million, down roughly 5% year over year. The figure, however, topped the Zacks Consensus Estimate of $445 million. Organic net sales, barring the impact of currency changes, specific pass-through metal prices and acquisitions, fell 4%.
The company saw continued weakness in its industrial markets in the reported quarter. However, it gained from stability in Asian electronics and cost control actions.
Element Solutions Inc Price, Consensus and EPS Surprise
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