Element Solutions Inc. reported higher second-quarter profit driven by record net sales and strong growth in its Electronics business. Net income rose to $77.3 million, or $0.32 per share, from $47.4 million, or $0.20 per share, a year earlier, while adjusted earnings per share increased to $0.47 from $0.37. Net sales climbed 56% to a record $977.9 million, with organic net sales up 15%, led by a 75% surge in Electronics revenue to $767.0 million and a 14% rise in Specialties revenue to $210.9 million. The company raised its full-year 2026 adjusted EBITDA guidance to a range of $690 million to $710 million and said its proposed merger with Solstice is expected to close in the first half of 2027, subject to customary conditions and regulatory approvals.
Element Solutions IncQ2 profit rose on record sales, raised 2026 adjusted EBITDA guidance.
Solstice Advanced Materials, IncProposed merger with Element Solutions expected to close in first half of 2027.