Elementis plc - Unsponsored ADR (ELMTY)
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ELMTY Chart
Elementis shares elevated after selling off talc arm
Elementis plc (LSE:ELM) shares jumped 10% as it completed the sale of its talc business and said it will give most of the proceeds to investors in the form of a share buyback. The soapstone business has been sold to Italy's IMI Fabi for net cash proceeds after transaction costs of roughly $55 million, or almost £41 million.
Elementis: Decreasing Net Debt Makes Stock Attractive
Elementis delivered robust 2024 results, with improved gross profit and cash flow despite a reported net loss due to a talc business impairment. Q1 2025 update shows margin improvement and cost savings progress, reinforcing management's 2026 targets for higher margins and return on capital. Strategic review of the talc business continues; a sale could boost margins and reduce debt, but risks selling a valuable asset below its purchase price.
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Elementis plc - Unsponsored ADR Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Mr. Lucas van Ravenstein CEO | OTC PINK Exchange | US2861901039 ISIN |
| GB Country | 1,244 Employees | 2 May 2025 Last Dividend | - Last Split | - IPO Date |
Overview
Elementis plc stands as a distinguished specialty chemical company with a global footprint, operating primarily out of the United Kingdom but extending its reach across Europe, North America, and various international markets. Founded in 1844 and with headquarters situated in London, the United Kingdom, Elementis plc showcases a storied history of innovation and expertise in the chemical sector. The company operates through two pivotal segments: Performance Specialties and Personal Care. These divisions reflect Elementis plc's strategic focus on delivering highly specialized chemical solutions that cater to a diverse range of industries, from coatings and ceramics to personal hygiene products.
Products and Services
- Performance Specialties
This segment concentrates on the development of rheological modifiers and additives tailored for use in decorative and industrial coatings. Moreover, Elementis plc extends its expertise to the production and supply of high-quality talc destined for applications across plastics, coatings, technical ceramics, and the paper sectors. These products are pivotal in enhancing the functionality and performance of coatings and plastics, offering improved durability, texture, and application properties.
- Personal Care
Focused on the burgeoning personal care sector, this division specializes in creating innovative rheological modifiers and compounded products that include active ingredients for antiperspirants (AP) and deodorants. Elementis plc's offerings in this category cater to the needs of personal care manufacturers, enabling them to produce antiperspirants, color cosmetics, and skincare applications that meet the evolving demands of consumers. By leveraging advanced chemical formulations, the company aids in enhancing the sensory attributes and functional performance of a wide array of personal care products.
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