Element Solutions, Inc. (NYSE:ESI) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET

Company Participants

Varun Gokarn – Senior Director of Strategy and Finance

Sir Martin Ellis Franklin – Executive Chairman

Benjamin Gliklich – President and CEO

Carey Dorman – EVP and CFO

Conference Call Participants

Joshua Spector - UBS

Christopher Kapsch - Loop Capital Markets

Rock Hoffman - Bank of America

Peter Lukas - CJS Securities

Angel Castillo - Morgan Stanley

Kieran De Brun - Mizuho Securities

David Silver - CL King

Christopher Shaw - Monness, Crespi, Hardt & Co.

Operator

Good morning, ladies and gentlemen, and welcome to the Element Solutions Q1 2022 Financial Results Conference Call. At this time all participants are in a listen-only mode. Later, you will have an opportunity to ask questions during the question-and-answer session. [Operator Instructions]. Please note, this call maybe recorded and I will be standing by should you need any assistance. I’d now like to 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 first quarter 2022 earnings conference call. Joining me are Executive Chairman, Sir Martin Franklin; 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 & 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 Sir Martin Franklin, Executive Chairman of Element Solutions.

Sir Martin Ellis Franklin

Thank you Varun and good morning everyone. Before turning the call to Ben and Carey I wanted to take a moment to recognize this leadership team and all our colleagues at Element Solutions for navigating a complicated backdrop to the quarter very well. Demand has been strong, the megatrends and semiconductor proliferation, 5G and electronic vehicles continue to see great momentum. However due to raw material scarcity, ongoing COVID lockdowns, and logistics unavailability serving our customers was at times challenging, but a challenge this company has managed deftly. At this time this team is investing for the long term in culture, capabilities, and people while delivering on its commitments in the short term and I'm very proud of their performance. With that let me turn it over to Ben.