Element Solutions Inc. (NYSE:ESI) Q2 2022 Results Conference Call July 28, 2022 8:30 AM ET

Company Participants

Varun Gokarn - Senior Director, Strategy and Finance

Ben Gliklich - CEO

Carey Dorman - CFO

Conference Call Participants

Steve Byrne - Bank of America

Josh Spector - UBS

Chris Kapsch - Loop Capital Markets

Kieran De Brun - Mizuho

Jon Tanwanteng - CJS Securities

Angel Castillo - Morgan Stanley

Operator

Good morning, ladies and gentlemen, and welcome to the Element Solutions Q2 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note that this call may be recorded, and I will be standing by should you need any assistance.

I would now turn the call over to Varun Gokarn, Senior Director of Strategy and Finance. Please go ahead.

Varun Gokarn

Good morning, and thank you for participating in our second quarter 2022 earnings conference call. Joining me are our CEO, Ben Gliklich; and CFO, Carey Dorman. In accordance with Regulation FD or fair disclosure, we are webcasting this conference call. Any redistribution, retransmission or rebroadcast of this call in any form without the expressed written consent of Element Solutions is strictly prohibited. During today’s call, we will make certain forward-looking statements that reflect our current views about the company’s future performance and financial results.

These statements are based on assumptions and expectations of future events that are subject to risks and uncertainties. Please refer to our earnings release, supplemental slides and most recent SEC filings for a discussion of material risk factors that could cause actual results to differ from our expectations and predictions. These materials can be found on the company’s website at www.elementsolutionsinc.com in the Investors section under News and Events.

Today’s materials also include financial information that has not been prepared in accordance with U.S. GAAP. Please refer to the earnings release and supplemental slides for definitions and reconciliations of these non-GAAP measures to comparable GAAP financial measures. It is now my pleasure to introduce Ben Gliklich, CEO of Element Solutions.

Ben Gliklich

Thank you, Varun, and good morning, everybody. Thank you for joining. Element Solutions had another quarter of solid earnings growth in a complicated macro environment. Supply chains remain challenged. The lockdowns in major commercial hubs in China persisted longer than expected. Auto markets have not yet recovered and currencies moved significantly against us. Nonetheless, we delivered on our commitments in the quarter.