Risk Sleuth
ESI · 10-K filed 18 Feb 2026 · year to 31 Dec 2025

Element Solutions

33 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Automotive industry

earns fromnamed as a risk
In the automotive industry, demand for our products and services may be affected by technological advances, changing automotive OEM specifications and other factors beyond our control that impact production levels of our customers, such as interest rates, fuel prices, shifts in vehicle mix, consumer confidence, regulatory and legislative oversight requirements and trade agreements.Risk factors (Item 1A)

Also named by AMKR, CGNX, CLH, GGG, GNTX

Smartphones and tablets

earns fromnamed as a risk
For example, the electronics end markets, such as mobile devices, particularly smartphones and tablets, is characterized by rapidly changing market conditions, frequent product introductions and intense competition based on features and price; all of which could impact our sale volumes and margins.Risk factors (Item 1A)

Other companies

Micromax

approximately $500 million
On February 2, 2026, we completed the acquisition of Micromax, a global supplier of advanced electronics inks and pastes, for a purchase price of approximately $500 million, net of cash and subject to adjustments.Business (Item 1)

EFC Gases & Advanced Materials

approximately $369 million
On January 2, 2026, we completed the acquisition of EFC Gases & Advanced Materials, a provider of high-purity specialty gases and other advanced materials, for a purchase price of approximately $369 million, net of cash and subject to adjustments, with a potential earn-out based on EFC's 2026 performance of up to $30.0 million cash or 1.16 million Company shares.Business (Item 1)

MacDermid Graphics Solutions

$320 million
On February 28, 2025, we completed the sale of our flexographic printing plate business, MacDermid Graphics Solutions, for $320 million, net of disposed cash.Business (Item 1)

MacDermid, Incorporated

depends onnamed as a risk
Our operations are conducted almost entirely through our subsidiaries, and our ability to generate cash to meet our debt obligations or to pay dividends, if any, is highly dependent on the earnings of, and receipt of funds from, our subsidiaries through dividends or intercompany loans, in particular from MacDermid, Incorporated.Risk factors (Item 1A)

Agricultural Solutions business (divested 2019)

named as a risk
The magnitude of any such liability or obligation may be difficult to quantify at the time of the transaction, as it was the case for certain liabilities retained in connection with the sale of our Agricultural Solutions business in 2019.Risk factors (Item 1A)

Sir Martin E. Franklin

depends onnamed as a risk
In addition, we are highly dependent on the experience and track records of Sir Martin E. Franklin, our other Board members and our executive leadership team.Risk factors (Item 1A)

Competitors

Qnity Electronics, Inc.

competes with
Although competition varies by end-market and geography, our most significant competitors are MKS Instruments, Qnity Electronics, Inc., Henkel Corporation, Senju Metal Industry Co. and Uyemura International.Business (Item 1)

Also named by CTVA, DD, ENTG

MKS Instruments

competes with
Although competition varies by end-market and geography, our most significant competitors are MKS Instruments, Qnity Electronics, Inc., Henkel Corporation, Senju Metal Industry Co. and Uyemura International.Business (Item 1)

Also named by Q

Henkel Corporation

competes with
Although competition varies by end-market and geography, our most significant competitors are MKS Instruments, Qnity Electronics, Inc., Henkel Corporation, Senju Metal Industry Co. and Uyemura International.Business (Item 1)

Senju Metal Industry Co.

competes with
Although competition varies by end-market and geography, our most significant competitors are MKS Instruments, Qnity Electronics, Inc., Henkel Corporation, Senju Metal Industry Co. and Uyemura International.Business (Item 1)

Uyemura International

competes with
Although competition varies by end-market and geography, our most significant competitors are MKS Instruments, Qnity Electronics, Inc., Henkel Corporation, Senju Metal Industry Co. and Uyemura International.Business (Item 1)

Quaker Houghton

competes with
Although competition varies by end-market and geography, our most significant competitors are MKS Instruments, Quaker Houghton, and Castrol.Business (Item 1)

Castrol

competes with
Although competition varies by end-market and geography, our most significant competitors are MKS Instruments, Quaker Houghton, and Castrol.Business (Item 1)

Places

Non-U.S. operations

earns from · approximately 79% of our net salesnamed as a risk
In 2025, approximately 79% of our net sales were generated from non-U.S. operations.Risk factors (Item 1A)

Also named by AIG, FDS, MKC, MRSH, NTRS, SOLS, TTMI

China

subject tonamed as a risk
•governmental regulations and/or sanctions affecting the import and export of products, including global trade barriers, additional taxes, countervailing tariffs, tariff increases, cash repatriation restrictions, retaliations and boycotts between the U.S. and other countries, including Mexico, Russia and China;Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Hazards

Offshore oil and gas industry

earns from · approximately 12% of the segment's 2025 net salesnamed as a risk
Offshore deepwater oil production and drilling are subject to hazards that include blowouts, explosions, fires, collisions, capsizing, sinking and damage or loss to pipeline, subsea or other facilities from severe weather conditions.Risk factors (Item 1A)

Commodities and inputs

SOFR

exposed to its price · approximately $836 million of variable interest rate debtnamed as a risk
At December 31, 2025, we had total debt of $1.63 billion, net of unamortized discounts and debt issuance costs of $10.3 million, including approximately $836 million of variable interest rate debt based on the one-month Secured Overnight Financing Rate (SOFR).Market risk (Item 7A)

Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more

Metals futures contracts

exposed to its price · $91.4 millionnamed as a risk
At December 31, 2025, the aggregate U.S. dollar notional amount of metals futures contracts, none of which were designated as hedges for accounting purposes, totaled $91.4 million.Market risk (Item 7A)

Metals (Assembly Solutions metal content)

exposed to its price · approximately 50% is metal content
Of our total net sales for Assembly Solutions, approximately 50% is metal content whose price fluctuations are generally passed through to our customers.Business (Item 1)

Also named by JOUT

Euro

exposed to its pricenamed as a risk
Our business is exposed to foreign currency risk from changes in the exchange rate primarily between the U.S. dollar and the following currencies: Chinese yuan and euro.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Chinese yuan

exposed to its pricenamed as a risk
Our business is exposed to foreign currency risk from changes in the exchange rate primarily between the U.S. dollar and the following currencies: Chinese yuan and euro.Market risk (Item 7A)

Also named by ABT, ASO, BEN, CHRW, CROX, CYRX, DORM, EXPD and 13 more

Lead-based solder

named as a risk
Legal claims have been brought alleging harmful exposures or contamination as a result of lead-based solder, and it is possible that we may face additional claims in the future.Risk factors (Item 1A)

Tin

depends on
As part of our sustainability efforts, we recycle certain raw materials, primarily tin, in our own smelting and refining facility in the U.S. for further use in our manufacturing process.Business (Item 1)

Also named by LFUS, TTMI

Laws and programs

U.S. Export Administration Regulations (EAR)

subject tonamed as a risk
Some of our products or technology may have military or strategic applications governed by the ITAR or represent so-called “dual use” items governed by the EAR.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

International Traffic in Arms Regulations (ITAR)

subject tonamed as a risk
Some of our products or technology may have military or strategic applications governed by the ITAR or represent so-called “dual use” items governed by the EAR.Risk factors (Item 1A)

Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CDRE, CLS and 29 more

CERCLA (Superfund)

subject tonamed as a risk
We are also subject to ongoing obligations at active sites in the U.S. and are conducting closure activities pursuant to the RCRA and CERCLA at several of our sites in the U.S.Risk factors (Item 1A)

Also named by AA, AAOI, ALB, AN, APD, APLD, ATI, AWK and 27 more

OECD global minimum tax (Pillar Two)

subject tonamed as a risk
For example, several countries where we do business have implemented or announced plans to implement global minimum tax regimes based on the Organization for Economic Cooperation and Development's Anti-Base Erosion and Profit Shifting Project.Risk factors (Item 1A)

Also named by AAPL, APP, ARW, AXP, BAC, BALL, CB, CBRE and 15 more

Resource Conservation and Recovery Act (RCRA)

subject tonamed as a risk
We are also subject to ongoing obligations at active sites in the U.S. and are conducting closure activities pursuant to the RCRA and CERCLA at several of our sites in the U.S.Risk factors (Item 1A)

Also named by AN, CDE, CLH, CTAS, HL, LB, MLM, NUE and 7 more

U.S. Toxic Substances Control Act (TSCA)

subject tonamed as a risk
Such regulations include the European Union's REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals), which mandates compliance obligations and restrictions on certain chemicals; REACH-like regimes, which have now been adopted in several other countries; the E.U. Poison Center Notification (PCN); the U.S. Toxic Substances Control Act (TSCA); the U.S. and E.U. conflict minerals regulations; as well as the emerging ESG regulations in the E.U. and globally, such as the Corporate Sustainability Reporting Directive (CSRD), its transposition in E.U. countries, and the E.U. Taxonomy for sustainable activities.Risk factors (Item 1A)

Also named by A, ALB, CLH, ECL, EMN, IFF, OLN, PRM and 1 more

EU REACH

subject tonamed as a risk
Such regulations include the European Union's REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals), which mandates compliance obligations and restrictions on certain chemicals; REACH-like regimes, which have now been adopted in several other countries; the E.U. Poison Center Notification (PCN); the U.S. Toxic Substances Control Act (TSCA); the U.S. and E.U. conflict minerals regulations; as well as the emerging ESG regulations in the E.U. and globally, such as the Corporate Sustainability Reporting Directive (CSRD), its transposition in E.U. countries, and the E.U. Taxonomy for sustainable activities.Risk factors (Item 1A)

Also named by ALB, EMN, IFF, KVUE, SOLS

Conflict minerals regulations

subject tonamed as a risk
If only a limited pool of our suppliers can demonstrate that they are compliant with the applicable rules, we may not be able to obtain the conflict minerals we need in sufficient quantities or at competitive prices.Risk factors (Item 1A)

Also named by ENS, SSD