Element Solutions Inc
Income Statement
| Line Item | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $575.0M | $573.4M | $599.3M | $586.1M | $574.4M | $573.8M | $618.5M | $676.9M |
| Cost of Revenue | $330.0M | $353.1M | $357.4M | $357.6M | $346.6M | $355.8M | $396.6M | $427.1M |
| Gross Profit | $245.0M | $220.3M | $241.9M | $228.5M | $227.8M | $218.0M | $221.9M | $249.8M |
| Gross Margin | 42.6% | 38.4% | 40.4% | 39.0% | 39.7% | 38.0% | 35.9% | 36.9% |
| Operating Expenses | ||||||||
| Research & Development | $18.1M | $13.8M | $12.9M | $28.9M | $12.5M | $10.6M | $11.3M | $12.8M |
| SG&A Expense | $149.1M | $151.0M | $149.9M | $147.0M | $148.9M | $147.3M | $131.4M | $146.5M |
| Operating Income | $77.8M | $55.5M | $-900.0K | $52.6M | $66.4M | $60.1M | $79.2M | $90.5M |
| Operating Margin | 13.5% | 9.7% | -0.2% | 9.0% | 11.6% | 10.5% | 12.8% | 13.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $69.5M | $37.6M | $-16.4M | $48.0M | $59.9M | $38.3M | $69.8M | $87.5M |
| Income Tax Expense | $13.5M | $-40.4M | $15.3M | $21.2M | $16.9M | $25.4M | $16.5M | $23.9M |
| Net Income | $56.0M | $77.1M | $-31.8M | $29.9M | $42.9M | $12.4M | $53.2M | $65.2M |
| Net Margin | 9.7% | 13.4% | -5.3% | 5.1% | 7.5% | 2.2% | 8.6% | 9.6% |
| EPS (Basic) | $0.23 | $0.32 | $-0.13 | $0.12 | $0.18 | $0.05 | $0.22 | $0.26 |
| EPS (Diluted) | $0.23 | $0.32 | $-0.13 | $0.12 | $0.18 | $0.05 | $0.22 | $0.26 |
| Shares Outstanding (Basic) | 241.8M | 241.4M | 241.5M | 241.4M | 241.1M | 245.1M | 244.7M | 247.1M |
| Shares Outstanding (Diluted) | 242.5M | 241.8M | 241.5M | 241.7M | 241.8M | 245.8M | 245.0M | 247.5M |
| Dividends Per Share | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 |