ESI Element Solutions Inc

Last updated: Mar 17, 2026

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Execution Consistency

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q3 2025: $0M, Q3 2023: $54M, Q2 2023: $41M, Q1 2023: $18M

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Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $38M (-100%)

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What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $114M / FCF $74M = 153% of FCF

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How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 4,800,000 shares = 2.3% of 284,221,168 outstanding (annualized)

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Are officers and directors buying stock with their own money on the open market?

61 open-market purchases by 9 insiders

FRANKLIN MARTIN E () bought 135,000 shares at $18.90 on 2022-11-18
FRANKLIN MARTIN E () bought 350,000 shares at $19.14 on 2022-11-15
FRANKLIN MARTIN E () bought 250,000 shares at $19.11 on 2022-11-14
FRANKLIN MARTIN E () bought 302,000 shares at $18.96 on 2022-11-11
FRANKLIN MARTIN E () bought 500,000 shares at $11.50 on 2020-10-06
Fraser Christopher T. () bought 6,573 shares at $11.49 on 2020-09-15
Fraser Christopher T. () bought 1,427 shares at $11.48 on 2020-09-15
Dorman Carey J. (Chief Financial Officer) bought 500 shares at $6.53 on 2020-03-18
Dorman Carey J. (Chief Financial Officer) bought 500 shares at $6.98 on 2020-03-17
Dorman Carey J. (Chief Financial Officer) bought 1,500 shares at $6.59 on 2020-03-16

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Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

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Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $176M, sold $713M (net selling)

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Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 4.1x more than bought. 3 C-suite officers among sellers