Elementis (ELM) Q1 2026 TU earnings summary

Executive summary

• Delivered strong first quarter performance with organic revenue up approximately 2% year-over-year, and adjusted operating profit and margins growing strongly due to self-help initiatives and positive pricing actions.

• Personal Care revenue improved marginally year-over-year, with higher pricing and improved mix offsetting weaker demand in the Americas; margins were stable compared to Q1 last year.

• Coatings segment achieved good organic revenue growth year-over-year, driven by higher volumes in Asia, offsetting weakness in the Americas; Energy business performed strongly with operational improvements.

• Integration of Alchemy progressing as planned, with strong customer interest in its products.

Financial highlights

• Organic group revenue increased by about 2% year-over-year for the quarter ended 31 March 2026.

• Adjusted operating profit and margins grew strongly year-over-year.

• Cash generation in the first quarter was in line with expectations.

Outlook and guidance

• Full year 2026 expectations remain unchanged due to ongoing geopolitical and macroeconomic uncertainties.

• Pricing actions are expected to fully offset higher input costs.