Below are the financial statements of Element Solutions, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 2,456.9a | 2,333.2a | 2,549.4a |
| Cost of sales | -1,421.2a | -1,414.7a | -1,596.7a |
| Gross profit | 1,035.7a | 918.5a | 952.7a |
| Operating expenses | — | — | — |
| Selling, technical, general and administrative | -628.8a | -596.8a | -578.6a |
| Research and development | -63a | -68.1a | -48.8a |
| Goodwill impairment | 0a | -80a | 0a |
| Total operating expenses | -691.8a | -744.9a | -627.4a |
| Operating profit | 343.9a | 173.6a | 325.3a |
| Other (expense) income | — | — | — |
| Interest expense, net | -56.3a | -49.3a | -51.2a |
| Foreign exchange gains (losses) | 25.1a | 7.9a | -5a |
| Other (expense) income, net | -25a | -3.1a | 2.9a |
| Total other expense | -56.2a | -44.5a | -53.3a |
| Income before income taxes and non-controlling interests | 287.7a | 129.1a | 272a |
| Income tax expense | -44.8a | -13a | -85.8a |
| Net income from continuing operations | 242.9a | 116.1a | 186.2a |
| Income from discontinued operations, net of tax | 1.6a | 2.1a | 1.8a |
| Net income | 244.5a | 118.2a | 188a |
| Net income attributable to the non-controlling interests | -0.3a | -0.1a | -0.8a |
| Net income attributable to common stockholders | 244.2a | 118.1a | 187.2a |
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