Element Solutions Inc is a specialty chemicals technology company operating in the United States, China, and internationally. It has two segments: MacDermid Alpha Electronics Solutions and Element Specialties. MacDermid Alpha provides assembly, circuitry, and semiconductor solutions for mobile communications, computers, automobiles, and aerospace. Element Specialties offers industrial and energy solutions for aerospace, automotive, construction, consumer electronics, and oil and gas production. Formerly Platform Specialty Products Corporation, it changed its name to Element Solutions Inc in January 2019. Founded in 1785, it is based in Miami Beach, Florida.
Solstice's $14.5B buyout and record Q2 results drive ESI
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Solstice to acquire ESI at a 15% premium Solstice Advanced Materials agreed to buy Element Solutions for $14.5 billion, or about $50.10 per share, a 15% premium. ESI holders get $10 cash plus 0.5 Solstice shares per share. This locks in a higher value for ESI and supports the stock price.
The acquisition is the main event setting a floor and premium for ESI shares.
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Record Q2 sales and raised 2026 profit outlook ESI reported record Q2 net sales of $977.9 million, up 56%, with profit rising to $77.3 million. Electronics revenue jumped 75% on AI data center and semiconductor demand. Management raised full-year 2026 adjusted EBITDA guidance to $690–710 million, signaling confidence.
Strong results and higher guidance show the business is performing well, supporting the stock.
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Q2 earnings beat estimates, stock up 49.8% YTD ESI beat Q2 earnings and revenue estimates, with adjusted EPS of $0.47 versus $0.43 expected. Revenue topped consensus by 11.5%. The company has now beaten estimates for four straight quarters. Shares have gained about 49.8% this year, far outpacing the S&P 500.
Consistent beats and strong stock performance reinforce positive momentum.
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Solstice raises 2026 guidance, cites ESI deal Solstice, the buyer, reported strong Q2 sales of $1.15 billion and raised its full-year 2026 outlook. Its CEO highlighted the pending ESI acquisition as key to building an advanced materials platform with more electronics and AI exposure. A healthier buyer reduces deal risk.
A financially strong acquirer makes the pending merger more likely to close smoothly.
Q3 2026
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Solstice's $14.5B buyout and record Q2 results drive ESI
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Solstice to acquire ESI at a 15% premium Solstice Advanced Materials agreed to buy Element Solutions for $14.5 billion, or about $50.10 per share, a 15% premium. ESI holders get $10 cash plus 0.5 Solstice shares per share. This locks in a higher value for ESI and supports the stock price.
The acquisition is the main event setting a floor and premium for ESI shares.
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Record Q2 sales and raised 2026 profit outlook ESI reported record Q2 net sales of $977.9 million, up 56%, with profit rising to $77.3 million. Electronics revenue jumped 75% on AI data center and semiconductor demand. Management raised full-year 2026 adjusted EBITDA guidance to $690–710 million, signaling confidence.
Strong results and higher guidance show the business is performing well, supporting the stock.
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Q2 earnings beat estimates, stock up 49.8% YTD ESI beat Q2 earnings and revenue estimates, with adjusted EPS of $0.47 versus $0.43 expected. Revenue topped consensus by 11.5%. The company has now beaten estimates for four straight quarters. Shares have gained about 49.8% this year, far outpacing the S&P 500.
Consistent beats and strong stock performance reinforce positive momentum.
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Solstice raises 2026 guidance, cites ESI deal Solstice, the buyer, reported strong Q2 sales of $1.15 billion and raised its full-year 2026 outlook. Its CEO highlighted the pending ESI acquisition as key to building an advanced materials platform with more electronics and AI exposure. A healthier buyer reduces deal risk.
A financially strong acquirer makes the pending merger more likely to close smoothly.
News & notes movingESI
United States
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Goldman Sachs Reinstates Element Solutions at Buy With $44 Price Target
Goldman Sachs reinstated coverage of Element Solutions with a Buy rating and a $44 price target, sending the shares wobbling between small gains and losses in Friday's trading. Analysts led by Duffy Fischer called the termination of the Solstice merger a positive catalyst, saying it removes risk, prevents dilution, and allows ESI management to focus on high-return organic projects. The analysts pointed to robust underlying demand from AI infrastructure and data center buildouts as a primary growth engine, and said the company's asset-light model lets it capture high-margin AI growth faster than peers. Element Solutions continues to reshape its earnings mix through strategic transactions, including the divestiture of its graphics business and bolt-on acquisitions such as EFC and Micromax, and Goldman expects more deals over the next several years. The shares are down about 10% since the deal was announced, which the analysts view as an attractive entry point given a significant valuation discount to peers that should shrink over time.
ESI · Capital · Positive Goldman Sachs reinstates Element Solutions at Buy with a $44 price target, calling the Solstice merger termination a positive catalyst.
ESI · Demand · Positive Analysts cite robust underlying demand from AI infrastructure and data center buildouts as a primary growth engine for Element Solutions.
SOLS · Capital · Positive Termination of the Solstice merger is viewed as removing risk and preventing dilution for Element Solutions.
GS · Capital · Neutral Goldman Sachs is the analyst firm issuing the rating, not a subject of the news impact.
Solstice and Element Solutions Terminate $14.5 Billion Merger
Solstice Advanced Materials and Element Solutions have mutually agreed to terminate their $14.5 billion merger agreement, citing shareholder feedback favoring independence, with no termination fee. Solstice's board authorized its first-ever buyback of up to $500 million and reaffirmed its raised guidance, while Element's chairman noted investors valued its management and portfolio. The deal, announced in July, would have combined Solstice's refrigerants and specialty materials with Element's electronics chemicals, but Solstice shares had fallen on the announcement. Solstice's second-quarter net sales rose 11% to $1.148 billion, and Element's record net sales increased 56% to $978 million. Both companies now forgo potential synergies of over $180 million annually, and Element loses its takeover premium of about $50.10 per share.
ESI · Capital · Negative Element Solutions' $14.5B merger with Solstice is terminated, costing it the ~$50.10/share takeover premium and over $180M in potential annual synergies.
SOLS · Capital · Positive Solstice terminates the merger to stay independent, authorizes a first-ever $500M buyback, and reaffirms raised guidance.
Solstice Jumps 12.8% on Merger Exit, $500M Buyback
Solstice Advanced Materials (NASDAQ:SOLS) jumped 12.76 percent on Friday to close at $63.53 after abandoning its planned $14.5 billion acquisition of Element Solutions and announcing a $500 million share buyback program. The company said it formally terminated the merger agreement following shareholder conversations, with both boards unanimously agreeing the move is in the best interests of shareholders, employees, and customers. The buyback, funded from cash on hand, may be executed through open market purchases, accelerated repurchase negotiations, or negotiated block transactions. Additionally, shareholders of record as of August 27, 2026 will receive a dividend of $0.075 per share on September 10, following a second quarter in which attributable net income rose 23 percent to $119 million and net sales increased 11 percent to $1.148 billion. BMO Capital lowered its price target to $83 from $95 but maintained a buy rating, while hedge fund holdings in the company declined to 72 funds with combined positions of $2.03 billion in the second quarter.
Solstice Scraps Element Deal, Launches $500 Million Buyback
Solstice Advanced Materials has abandoned its planned acquisition of Element Solutions after both companies' boards agreed to terminate the transaction, with no termination fee paid. The decision follows shareholder feedback, and Solstice's board has authorized a $500 million share repurchase program, its first. The company reaffirmed its full-year 2026 guidance, expecting net sales of $4.125 billion to $4.185 billion and adjusted EBITDA of $1.035 billion to $1.055 billion. Solstice, which became independent after separating from Honeywell, will now pursue growth in AI infrastructure, data centers, and nuclear energy without the Element deal, while returning capital to shareholders.
Element Solutions declares $0.08 quarterly dividend
Element Solutions declared a quarterly dividend of $0.08 per share, in line with its previous payout. The dividend is payable on September 15 to shareholders of record on September 1, with the ex-dividend date also on September 1. Based on the current share price, the forward yield is 0.82%.
Solstice Advanced Materials Raises Full-Year 2026 Guidance After Strong Second Quarter
Solstice Advanced Materials reported second-quarter 2026 net sales of $1.148 billion, up 11% year-over-year, and raised its full-year guidance. Adjusted EBITDA was $290 million, a 2% increase, with an adjusted EBITDA margin of 25.3%. The company now expects full-year 2026 net sales between $4.125 billion and $4.185 billion, adjusted EBITDA between $1.035 billion and $1.055 billion, and adjusted diluted earnings per share between $2.75 and $2.95. Growth was driven by robust demand in nuclear energy, electronic materials, refrigerants, and healthcare packaging, with six of seven businesses growing and four at double-digit rates. The company also provided third-quarter 2026 net sales guidance of $990 million to $1.03 billion and highlighted progress on its pending acquisition of Element Solutions, expected to close in the first half of 2027.
Element Solutions Raises 2026 Adjusted EBITDA Guidance to $690–$710 Million on AI Electronics Strength
Element Solutions Inc reported second-quarter 2026 sales of $977.9 million, up from $625.2 million a year earlier, and raised its full-year 2026 adjusted EBITDA guidance to a range of $690 million to $710 million, citing stronger demand in Electronics, contributions from recent acquisitions, and improved pricing and product mix. Net income rose to $77.3 million from $47.4 million, with diluted EPS from continuing operations increasing to $0.32 from $0.20. Management also plans to increase capital expenditure to roughly $100 million, including investment in Cuprion active copper technology, linking AI-driven momentum to longer-term growth drivers. Despite the raised outlook, the company remains exposed to cyclical swings in core electronics demand.
ESI · Demand · Positive Raised 2026 adjusted EBITDA guidance to $690-$710 million on stronger electronics demand, AI-driven momentum, and improved pricing/mix.
Pomerantz Law Firm Investigates Solstice Advanced Materials Over Securities Fraud Claims
Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. regarding potential securities fraud or unlawful business practices. The investigation follows Solstice's July 6, 2026 announcement of an agreement to acquire Element Solutions in a cash-and-stock transaction valued at approximately $14.5 billion, including assumed net debt. Despite the CEO's positive remarks about the combined company's positioning, Solstice's stock price fell $12.14 per share, or 15.14%, to close at $68.05 on July 6, 2026, compared to the July 2, 2026 closing price. Investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, extension 7980.
SOLS · Capital · Negative Solstice's stock fell 15.14% after announcing a $14.5B acquisition, and a law firm is investigating potential securities fraud.
ESI · Capital · Neutral Element Solutions is the acquisition target; the deal's impact on its shareholders is not detailed, only that Solstice's stock fell.
Element Solutions beats Q2 estimates with earnings of $0.47 per share
Element Solutions reported second-quarter adjusted earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.43 per share and marking a 9.30% earnings surprise. Revenue reached $977.9 million, surpassing the consensus estimate by 11.47% and up from $625.2 million a year ago. The company has now exceeded consensus EPS and revenue estimates in each of the last four quarters. Shares have gained about 49.8% year to date, compared with an 8.3% rise in the S&P 500.
Welltower, Universal Health, Element Solutions move sharply after earnings
Welltower, Universal Health Services, and Element Solutions made notable after-hours moves on Tuesday following their quarterly earnings reports. Welltower advanced more than 4% after the bell, recovering from a nearly 1.5% decline during the regular session, after the healthcare REIT beat second-quarter earnings estimates and raised its 2026 guidance. Universal Health Services dropped about 10.4% in extended trading despite a 2.3% gain at the close, as its revenue rose 8.4% year-over-year but earnings per share missed expectations by $0.03. Element Solutions added to its 1.1% regular-session gain after reporting an EPS and revenue beat.
Ademi LLP investigates Element Solutions deal with Solstice Advanced Materials
Ademi LLP is investigating Element Solutions for possible breaches of fiduciary duty in its recently announced transaction with Solstice Advanced Materials. Element Solutions shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock, representing implied consideration of approximately $50.10 per Element share, and are expected to own approximately 44% of the combined company upon closing. The investigation focuses on whether the Element Solutions board is fulfilling its fiduciary duties, noting that insiders will receive substantial benefits as part of change of control arrangements and that the transaction agreement imposes a significant penalty if Element Solutions accepts a competing bid.
ESI · Regulation · Negative Ademi LLP is investigating Element Solutions for possible breaches of fiduciary duty in its transaction with Solstice Advanced Materials, which could lead to legal challenges or deal disruption.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the proposed sales of TriCo Bancshares, Element Solutions, Crinetics Pharmaceuticals, and Solstice Advanced Materials are obtaining fair deals for their shareholders. The firm is examining TriCo Bancshares' sale to First Hawaiian for 2.095 First Hawaiian shares per TriCo share, with TriCo shareholders expected to own approximately 35% of the combined company. It is also reviewing Element Solutions' sale to Solstice Advanced Materials for $10.00 in cash and 0.500 shares of Solstice common stock per Element share, leaving Element shareholders with about 44% of the combined company. Additionally, the investigation covers Crinetics Pharmaceuticals' sale to Vertex Pharmaceuticals for $85.00 per share in cash, and Solstice Advanced Materials' merger with Element Solutions. Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief on behalf of shareholders.
CRNX · Capital · Neutral Investigation into fairness of Crinetics' sale to Vertex; may seek increased consideration or additional disclosures.
ESI · Capital · Neutral Investigation into fairness of Element Solutions' sale to Solstice; may seek increased consideration or additional disclosures.
SOLS · Capital · Neutral Investigation into fairness of Solstice's merger with Element Solutions; may seek increased consideration or additional disclosures.
TCBK · Capital · Neutral Investigation into fairness of TriCo Bancshares' sale to First Hawaiian; may seek increased consideration or additional disclosures.
VRTX · Capital · Neutral Vertex is the buyer in Crinetics deal; investigation may affect deal terms or closing.
Element Solutions to release second quarter 2026 earnings on July 27
Element Solutions Inc announced it will release its 2026 second quarter financial results after the market close on Monday, July 27, 2026. The company will host a conference call and webcast to discuss the results at 8:30 a.m. Eastern Time on Tuesday, July 28, 2026, featuring Chief Executive Officer Benjamin Gliklich and Chief Financial Officer Carey J. Dorman. Participants can dial +1 833-461-5787 with Meeting ID 944 148 357 or access the webcast at www.elementsolutionsinc.com. A replay will be available on the same website shortly after the live call ends.
Halper Sadeh LLC, an investor rights law firm, is investigating whether Element Solutions Inc, Crinetics Pharmaceuticals Inc, and Solstice Advanced Materials Inc are obtaining fair deals for their shareholders. The investigation concerns Element Solutions' sale to Solstice Advanced Materials for $10.00 in cash and 0.500 shares of Solstice common stock per Element share, with Element shareholders expected to own approximately 44% of the combined company upon closing. It also covers Crinetics Pharmaceuticals' sale to Vertex Pharmaceuticals for $85.00 per share in cash, and Solstice Advanced Materials' merger with Element Solutions. The firm may seek increased consideration, additional disclosures, or other relief on behalf of shareholders.
CRNX · Capital · Positive Crinetics Pharmaceuticals is being acquired by Vertex Pharmaceuticals for $85.00 per share in cash, a premium that benefits shareholders.
ESI · Capital · Neutral Element Solutions is being acquired by Solstice Advanced Materials; the deal's fairness is under investigation, creating uncertainty for shareholders.
SOLS · Capital · Neutral Solstice Advanced Materials is merging with Element Solutions; the investigation into deal fairness introduces uncertainty.
Brodsky & Smith Investigating Four Mergers for Potential Fiduciary Breaches
Brodsky & Smith announced investigations into the proposed acquisitions of TriCo Bancshares, Twin Vee PowerCats, Crinetics Pharmaceuticals, and Element Solutions. TriCo Bancshares is being acquired by First Hawaiian in an all-stock deal valued at $63.12 per share, while Twin Vee PowerCats will be acquired by USFM Corporation with shareholders receiving contingent value rights and shares in the combined public company. Crinetics Pharmaceuticals is being bought by Vertex Pharmaceuticals for $85.00 per share in cash, totaling approximately $10.0 billion, and Element Solutions is being acquired by Solstice Advanced Materials in a cash-and-stock transaction implying about $50.10 per share. Each investigation focuses on whether the respective board breached fiduciary duties by failing to conduct a fair process and secure fair value for shareholders.
Solstice Advanced Materials to Acquire Element Solutions for $14.5 Billion
Solstice Advanced Materials announced it will acquire Element Solutions in a cash-and-stock transaction valued at approximately $14.5 billion. The deal aims to create a market leader in specialty chemicals by combining Solstice's polymers and performance fluids with Element's electronics and semiconductor products. Element shareholders will receive $10 in cash and 0.5 shares of Solstice stock for each share held, a roughly 15% premium over the July 2 closing price. Once the transaction closes in the first half of 2027, Element investors will own approximately 44% of the combined entity, which will operate under the Solstice name. Solstice CEO David Sewell will lead the combined organization following the deal's completion, which comes after Honeywell spun off Solstice as an independent company in October 2024.
Jim Cramer Says Element Solutions Inc Is Quite An Important Firm
Jim Cramer praised Element Solutions Inc as quite an important firm amid news that Solstice would acquire it for a $14.5 billion price tag. Cramer called the deal immediately accretive and said it moves Solstice into a higher multiple area in semiconductor chips, adding that he wants to buy Solstice on this. He also tweeted that the merger would create a chemical tech powerhouse and that both stocks could go higher. Element Solutions shares are up 59% over the past year and 51% year-to-date, though down 4.7% over the past month. Analysts at Truist and UBS recently raised their price targets on the stock to $47 and $52 respectively, both maintaining Buy ratings.
Jim Cramer says Solstice pullback may be a terrific buying opportunity
Jim Cramer said on Mad Money that the 15% drop in Solstice Advanced Materials shares following its $14.5 billion deal to acquire Element Solutions may be a terrific buying opportunity. He attributed the decline partly to arbitrage activity, noting that shorting the buyer and going long the target is common in stock-based transactions. Cramer called the merger a very smart deal, highlighting both companies' exposure to hot themes like semiconductors and data centers. Solstice, recently spun off by Honeywell, provides specialty materials for applications including semiconductor manufacturing and data center cooling.
Solstice CEO says Wall Street misread ESI acquisition after 15% stock drop
Solstice Advanced Materials CEO David Sewell argued that Wall Street is misjudging the company's planned acquisition of Element Solutions, following a 15% drop in Solstice shares. The cash-and-stock deal is valued at roughly $14.5 billion. Sewell said the sell-off was partially driven by hedge funds and arbitrage traders making short-term bets, rather than skepticism about the strategic rationale. He emphasized that the combination creates a comprehensive product portfolio and a world-leading advanced materials business serving semiconductors, data centers, and AI infrastructure. Sewell expressed confidence that the share price will follow as the company executes on the growth opportunity.
Halper Sadeh LLC Investigates Fairness of Deals for DAN, ESI, NUVL, BOLD Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the proposed transactions involving Dana Incorporated, Element Solutions Inc, Nuvalent Inc, and Boundless Bio Inc are fair to their shareholders. The firm is examining Dana's sale to Eaton Corporation, where Dana shareholders would own approximately 49.9% of the combined company, and Element Solutions' sale to Solstice Advanced Materials for $10.00 in cash and 0.500 shares of Solstice common stock per Element share, with Element shareholders expected to own about 44% of the combined entity. It is also looking into Nuvalent's sale to GSK for $124.00 per share in cash and Boundless Bio's merger with Serapha Bio, where Boundless Bio shareholders would hold roughly 3.7% of the combined company. Halper Sadeh may seek increased consideration or additional disclosures on behalf of shareholders, who can contact the firm at no cost to discuss their legal rights.
BOLD · Capital · Neutral Investigation into fairness of merger with Serapha Bio may lead to increased consideration or additional disclosures.
BOLD · Regulation · Neutral Investigation into fairness of merger with Serapha Bio may lead to increased consideration or additional disclosures.
DAN · Capital · Neutral Investigation into fairness of sale to Eaton Corporation may lead to increased consideration or additional disclosures.
DAN · Regulation · Neutral Investigation into fairness of sale to Eaton Corporation may lead to increased consideration or additional disclosures.
ESI · Capital · Neutral Investigation into fairness of sale to Solstice Advanced Materials may lead to increased consideration or additional disclosures.
ESI · Regulation · Neutral Investigation into fairness of sale to Solstice Advanced Materials may lead to increased consideration or additional disclosures.
Wohl & Fruchter Investigating Fairness of Element Solutions Sale to Solstice Advanced Materials
The Monsey law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Element Solutions to Solstice Advanced Materials. Under the deal, ESI shareholders would receive $10.00 in cash and 0.500 shares of Solstice common stock for each share of ESI common stock. Following the announcement on July 6, 2026, ESI shares fell nearly 3%. The firm is examining whether the ESI Board acted in the best interests of shareholders and whether the consideration and exchange ratio are fair, as well as whether all material information has been disclosed.
Solstice in talks to merge with Element Solutions in $27B deal
Solstice Advanced Materials is in discussions to merge with Element Solutions in a merger of equals that could value the combined specialty chemicals giant at $27 billion, the Financial Times reported on Monday. Discussions between the two companies are ongoing, and a deal could come together as soon as this week, though a formal agreement has not been reached and talks could still fall apart. Solstice Advanced Materials officially spun off from Honeywell in October last year, operating as an independent specialty materials company.
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