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Element Solutions’ Solstice Deal Termination — Is Its Standalone Strategy Paying Off?

Element Solutions Inc. reported strong third-quarter 2026 financial results marked by record revenue, adjusted EBITDA, and adjusted EPS, underpinned by broad-based organic growth, particularly in its Electronics segment. Organic net sales rose 13%, driven by an 18% increase in Electronics, with the Semiconductor business growing 24%. This growth aligned with a continued acceleration in demand for high-value product categories related to AI infrastructure, advanced packaging, and power electronics applications. Adjusted EBITDA margins improved by 50 basis points year over year to 28.2%, reflecting favorable product mix and incremental margin gains, particularly in Electronics where margins approached the higher end of the company’s 30%-40% target range. Contributions from recent acquisitions, notably Micromax and EFC Gases and Advanced Materials, also enhanced profitability and contributed to a 22% increase in adjusted EPS.