$Element Solutions (ESI.US)$Revenue fell sharply by 48% in 2...
$Element Solutions (ESI.US)$Revenue fell sharply by 48% in 2018, from $3.78 billion to $1.96 billion. Operating profit also increased by 29.5% to $2.4 billion in 2021. Operating profit also increased 29% to $300 million in 2021. Net profit was affected by interest expenses and other expenses. Only in 2019 did it reverse losses to $93 million, and rose 1.7 times to $200 million in 2021.
Growth slowed in Q9 in 2022, with revenue up 12.7%, operating profit up 10.8%, and net profit falling 12% due to income tax.
Currently, the price-earnings ratio is 24.6 and the price-earnings ratio is TTM 27.7, which is not supported by growth data.
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