Element Solutions Inc 2025年季度报告

Commission file number:001-36272 Element Solutions Inc(Exact name of Registrant as specified in its charter)(I.R.S. Employer Identification No.) Registrant’s telephone number, including area code: 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 submitted Element Solutions;We; Us; Our; the Company Credit AgreementCredit Agreement, dated as of January 31, 2019, as amended from time to time, among, inter alia,Element Solutions and MacDermid, Incorporated, as borrowers, certain subsidiaries of ElementSolutions and the lenders from time to time parties thereto.Earnings before interest, taxes, depreciation and amortization.Exchange ActSecurities Exchange Act of 1934, as amended.Foreign-derived intangible income.U.S. Generally Accepted Accounting Principles.Global intangible low-taxed income.Kuprion AcquisitionAcquisition of Kuprion, Inc. on May 19, 2023.MGS TransactionESI's sale of its flexographic printing plate business, MacDermid Graphics Solutions, completed onFebruary 28, 2025.Quarterly ReportThis quarterly report on Form 10-Q for the three months ended March 31, 2025. i 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 similar CapitalntShares267,154,474$2.7$4,214.124,972,4 Exercise/ vesting of stock-based compensationIssuance of common stock under Employee Stock Purchase PlanDividends ($0.08per share) Changes in non-controlling interests————————Balance at March 31, 2025267,661,545$2.7$4,219.625,157,590$(354.3)$(938.6)$(409.6)$2,519.8$15.2 Three Months Ended March 31, 2024Common StockAdditionalPaid-inCapitalTreasury StockAccumulatedDeficitAccumulated OtherComprehensive (Loss)IncomeTotalStockholders'EquityNon-controllingInterestsAmountSharesAmount266,179,1$4,196.24,644,(341. Issuance of common stock under Employee StockPurchase Plan16,661—0.3————0.3Dividends ($0.08per share)—————(19.5)—(19.5)Equity compensation expense——4.2————4.2 Balance at March 31, 2024267,033,078$2.7$4,201.424,969,257$(349.4)$(1,146.8)$(384.2)$2,323.7$15.6See accompanying notes to the Condensed Consolidated Financial Statements 5 1.BACKGROUND AND BASIS OF PRESENTATIONBackground 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, semiconductor represent businesses for which separate financial information is utilized by the chief operating decision maker for the purpose ofallocating resources and evaluating performance. types of electronics hardware, from complex printed circuit board designs to advanced semiconductor packaging. In mobilecommunications, computers, automobiles and aerospace equipment, its products are an integral part of the electronics manufacturing process and the functionality of end-products. The segment's "wet chemistries" for metallization, surface treatments and solderablefinishes form the physical circuitry pathways, and its "assembly materials," such as surface mount technologies (SMT), pastes, fluxes and adhesives, join those pathways together. The segment provides specialty chemical solutions through the following businesses:Assembly Solutions, Circuitry Solutions and Semiconductor Solutions. Industrial & Specialty– The Industrial & Specialty segment researches, formulates and sells specialty chemicals and material processtechnologies that enhance surfaces or improve industrial processes in diverse industrial sectors from automotive trim totranscontinental infrastructure and high-design faucets. Its products include chemical systems that protect and decorate metal and segment provides specialty chemical solutions through the following businesses: Industrial Solutions and Energy Solutions. OnFebruary 28, 2025, the Company completed the sale of its previously reported flexographic printing plate business, MacDermidGraphics Solutions. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP and Consolidated Balance Sheets and depreciation and amortization ceased as of September 1, 2024; the signing date of the sale andpurchase agreement for this transaction.