Elementis (GB:ELM) has released an update.
Elementis PLC has reported a robust first half of 2024, with a 5% increase in revenue to $383 million and a 24% rise in adjusted operating profit to $65 million, driven by strong performances in Personal Care and Coatings. Despite a statutory operating loss due to a $66 million impairment in the Talc business, the company has upgraded its full-year guidance, demonstrating confidence in achieving its 2026 financial targets, including a significant increase in adjusted operating profit margin. Elementis also announced a strategic review of its Talc business to evaluate the potential for divestment and is on track with its efficiency programs, expecting to deliver substantial cost savings.
For further insights into GB:ELM stock, check out TipRanks’ Stock Analysis page.
