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● element ™ solutions Net sales of $ 587 million , an increase of 52 % from the second quarter last year on a reported basis or an increase of 30 % on an organic basis GAAP diluted EPS of $ 0.32 , compared to $ 0.01 in the same period last year ; adjusted EPS of $ 0.35 , compared to $ 0.18 in the same period last year Reported net income of $ 79 million , compared to $ 2 million in the same period last year Adjusted EBITDA of $ 133 million , an increase of 47 % from the second quarter last year on a constant currency basis Second quarter 2021 cash from operating activities of $ 80 million and free cash flow of $ 72 million Full year 2021 guidance raised to an adjusted EBITDA range of $ 505 million to $ 520 million , and adjusted EPS of at least $ 1.35 Coventya acquisition expected to close in September 2021 , subject to customary closing conditions Element Solutions Inc Announces 2021 Second Quarter Financial Results Miami , Fla . , July 28 , 2021 Element Solutions Inc ( NYSE : ESI ) ( " Element Solutions " or the " Company " ) , a global and diversified specialty chemicals company , today announced its financial results for the three and six months ended June 30 , 2021 . Executive Commentary President and Chief Executive Officer Benjamin Gliklich said , " Element Solutions had a terrific second quarter . We continued to execute against our growth strategy , driving strong organic performance and deploying capital prudently to compound earnings per share . This quarter was a record on the top - line and included our first month with net sales in excess of $ 200 million- since we founded Element Solutions . Our teams have been navigating supply chain constraints and raw material shortages attentively to meet the robust demand in our end - markets . While COVID continues to impact our business , as well as those of our customers and suppliers , it has not stopped us from executing our strategy effectively . We announced two highly strategic acquisitions in the second quarter of 2021 that we believe will allow us to provide a wider array of world - class solutions to our customers , growth opportunities for our people , and accelerated earnings growth for our shareholders . We are incredibly grateful to our people who have enabled this execution in a challenging environment . " Mr. Gliklich continued , " We expect demand to remain strong through the third quarter in our key end markets and a return to a more typical second half seasonal pattern with a stronger third quarter and deceleration in the fourth quarter . While the impact of increasing logistics costs will continue into the third quarter , year - to - date pricing actions associated with raw material inflation should help support margins . In that context , we expect adjusted EBITDA in the third quarter of 2021 to be between $ 125 million and $ 130 million . We are increasing our full year 2021 adjusted EBITDA guidance range to $ 505 million to $ 520 million reflecting our recent outperformance and continued strength in our markets . We expect adjusted EPS to be at least $ 1.35 for the full year of 2021 , representing a compound annual growth rate of more than 26 % from our adjusted EPS in 2018 prior to our launch as Element Solutions . This guidance does not include the impact of our pending acquisition of Coventya , which we expect to contribute approximately 7 cents to adjusted EPS on an annualized basis . " Second Quarter 2021 Highlights ( compared with second quarter 2020 ) Net sales on a reported basis for the second quarter of 2021 were $ 587 million , an increase of 52 % over the second quarter of 2020. Organic net sales , which exclude the impact of currency changes , certain pass - through metal prices and acquisitions , increased 30 % . 0 Electronics : Net sales increased 51 % to $ 382 million . Organic net sales increased 25 % . Industrial & Specialty : Net sales increased 53 % to $ 205 million . Organic net sales increased 41 % . Second quarter of 2021 earnings per share ( EPS ) performance : 0