Filing Flows › Element Solutions (ESI) › Q2 2025
Element Solutions (ESI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Element Solutions (ESI) reported revenue of $625M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +5% from the quarter before. Operating margin was 15.1%, net earnings $47.5M (7.6% of revenue).
Element Solutions, Q2 2025: revenue $625M (+2% year over year), operating margin 15.1%, net earnings $47.5M, operating cash flow $72.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $625M | +5% | +2% |
| Gross profit | $266M | +6% | -0.3% |
| Operating profit | $94.3M | +22% | -2% |
| Net earnings | $47.5M | -52% | -49% |
| Operating cash flow | $72.6M | +179% | — |
| Free cash flow | $54.9M | +266% | — |
What changed
Revenue was $625.2M in Q2 2025, up 2% year over year and up 5% from the previous quarter. Electronics was the largest line at 70% of revenue. Electronics added $47.7M year over year (up 12%), 382% of the total change. Industrial & Specialty declined 16%.
Gross margin was 42.6%, down 1.0 points from a year earlier. Operating profit was $94.3M, a 15.1% margin (down 0.6 points year over year). Operating profit fell $1.9M even though revenue rose $12.5M versus a year earlier, so costs grew faster than sales. Operating expenses grew 1% against revenue growth of 2%. Net earnings were $47.4M, down 49% year over year. The effective tax rate was 25.0%.
Operating cash flow was $72.6M, 153% of net earnings. Non-cash charges added back $38.2M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items used $19.4M. Capital expenditures of $17.7M left free cash flow of $54.9M.
Questions
What was Element Solutions' revenue in the second quarter 2025?
Element Solutions (ESI) reported revenue of $625M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +5% from the quarter before.
Was Element Solutions profitable in the second quarter 2025?
Operating profit was $94.3M (15.1% of revenue) and net earnings $47.5M.
Source: Element Solutions 10-Q on SEC EDGAR.