Element Solutions Non-GAAP EPS of $0.31 in-line, revenue of $586M misses by $24.14M

• Element Solutions press release (NYSE:ESI): Q2 Non-GAAP EPS of $0.31 in-line.
• Revenue of $586M (-13.4% Y/Y) misses by $24.14M.
• We are reducing our full year 2023 adjusted EBITDA guidance to a range of $490 million to $500 million
• For 2023, the Company expects adjusted EPS of approximately $1.30, vs. consensus of $1.36, and free cash flow of approximately $265 million.