Element Solutions Inc 2025年季度报告

OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Element Solutions Inc(Exact name of Registrant as specified in its charter) 37-1744899(I.R.S. Employer Identification No.) Registrant’s telephone number, including area code:_______________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Number of shares of common stock outstanding at April17, 2025:242,504,073 Forward-Looking Statements This Quarterly Report contains forward-looking statements that can be identified by words such as "expect," "anticipate," "project,""will," "should," "believe," "intend," "plan," "assume," "estimate," "predict," "seek," "continue," "outlook," "may," "might," "aim,""can have," "likely," "potential," "target," "hope," "goal," "priority" or "confident" and variations of such words and similarexpressions. Many of the forward-looking statements include, but are not limited to, statements, beliefs, projections and expectationsregarding the expected benefits of the reacquired ViaForm Distribution Rights, the Kuprion Acquisition and the MGS Transaction; thetax treatment and tax implications of the MGS Transaction; deferred payments related to the Kuprion Acquisition; the war in Ukraineand the Israel-Hamas conflict and other hostilities in the Middle East as well as actions in response thereto and their impact on marketconditions and the global economy; increases in tariffs and/or imposition of new tariffs and other changes in trade policy in the U.S.and other countries; capital requirements and need for and availability of financing; probability of achievement of the performance Although we believe these forward-looking statements are based upon reasonable assumptions regarding our business andexpectations about future events, financial performance and trends, there can be no assurance that our actual results will not differmaterially from any results expressed or implied in these forward-looking statements. Factors that might cause such a differenceinclude, but are not limited to, those discussed in Part I, Item 1A,Risk Factors,of our 2024 Annual Report. In addition, as we operatein a very competitive and rapidly changing environment, new risks may emerge from time to time. Any forward-looking statement Non-GAAP Financial Measures This Quarterly Report contains non-GAAP financial measures, such as Adjusted EBITDA and operating results on a constant currencyand organic basis. Non-GAAP financial measures should not be considered in isolation from, a substitute for, or superior to,performance measures calculated in accordance with GAAP. For additional information on these non-GAAP financial measures,including definitions, limitations and reconciliations to their most comparable applicable GAAP measures, see "Non-GAAP FinancialMeasures" in Part I, Item 2Management's Discussion and Analysis of Financial Condition and Results of Operations, and Note 12, ELEMENT SOLUTIONS INC AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) ELEMENT SOLUTIONS INC AND SUBSIDIARIESNotes to the Condensed Consolidated Financial Statements 1.BACKGROUND AND BASIS OF PRESENTATION Background Element Solutions was incorporated in Delaware in January 2014 and its shares of common stock, par value $0.01per share, trade onthe New York Stock Exchange under the ticker symbol “ESI.” Element Solutions is a leading global specialty chemicals company whose businesses supply a broad range of solutions that enhancethe performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enablecustomers' manufacturing processes in several key industries, including consumer electronics, power electronics, sem