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Element Solutions Forming Flat Base After Q2 Earnings

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23.08.2021

Element Solutions Inc. (NYSE: ESI) may be categorized as a specialty chemical maker, but that doesn’t tell you the full story of why it’s notched a year-to-date gain of 28.09 %. That outpaces the S&P 600 small-cap index’s year-to-date return of 16.23%.

ESI focuses on inputs for 5g smartphones, AI technologies, electric vehicles and other industrial and technological applications. As those examples show, the company works in niche markets with high growth potential.

The success of its end users is great news for ESI, as the stock price advance illustrates.

In addition to organic growth through ramped-up sales to in-demand industries, the company grew through a series of acquisitions in recent years.

All of that is behind the company’s accelerating earnings and revenue growth in the past two quarters. Both grew at double-digit rates in the past three quarters.

ESI reported its second-quarter on July 28, earning $0.35 per share, a 94% year-over-year gain.........

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