ESI · Element Solutions Q2 FY2026 earnings call record财报电话会记录

“These results demonstrate the ongoing success of our strategy to penetrate the highest value, fastest-growing subsegments in our addressable markets and are a testament to years of work by our teams, collaborating across labs, manufacturing sites, applications facilities, and alongside our customers at their locations.”

“We're growing with our customers, increasingly as a partner, working together to address their most pressing technical challenges.”

“Sales in our Electronics segment grew 20% organically as activity accelerated across our supply chain in support of the ongoing AI infrastructure build-out.”

“Organic net sales grew 15%, and constant currency adjusted EBITDA increased 33% year-over-year.”

“Adjusted EBITDA margins, excluding pass-through metals, improved 120 basis points year-over-year to 27.8% this quarter, which was in line with the first quarter, despite significant sequential non-metal raw material inflation.”

“The Assembly Solutions business grew 18% organically, supported by broad demand for higher reliability solder paste in Asia, and further enhanced by growth in engineered preform materials used in data center applications.”

“On the capital expenditure side, we invested $28 million this quarter, bringing year-to-date investment to over $50 million.”

“We now expect CapEx for the year to be roughly $100 million, which is on the higher end of the guidance range we provided last quarter, though it's still less than 3% of sales.”

“Given earnings strength and expected cash flow, we anticipate reducing leverage to roughly 2.5x by the end of the year.”

“We now expect 2026 adjusted EPS growth of approximately 20% on a full-year basis.”

“Our customers are adding capacity to meet what they expect to be demand, that capacity addition continues across the supply chain.”

“Carey, you called out higher incentive comp in the second quarter, a $10 million headwind.”