HIGHBuilt-inGeographic
79%
non-U.S. operations
“10-K Item 1A: 'approximately 79% of our net sales were generated from non-U.S. operations'”
ESI · Concentration risk · 10-K extracted
Element Solutions (ESI) concentration risks
Updated
The most significant concentration Element Solutions discloses is non-U.S. operations at 79%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Element Solutions’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProduct / Revenue mix
70%
Electronics segment
“10-K Item 1: 'our Electronics and Specialties segments contributed approximately 70% and 30%, respectively'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two high-share structural exposures: a heavy reliance on international operations and a dominant product-segment weighting in electronics. Approximately 79% of net sales were generated from non-U.S. operations, a high-share structural tilt that reflects where the company's specialty chemicals and electronics materials customers are predominantly located. This international revenue dominance means that currency translation effects, geopolitical developments, and trade policy changes across multiple jurisdictions are key variables for the financial outlook. Layered on top of the geographic concentration is a segment tilt: the Electronics segment contributed approximately 70% of net sales, with the Specialties segment contributing the remaining 30%. This is a high-share structural concentration in a segment whose end-markets are tightly correlated with the semiconductor and electronics manufacturing cycle — demand is capital expenditure-driven and subject to inventory destocking periods that can be swift and deep. The two exposures interact: the high-share Electronics segment revenue is itself predominantly generated outside the United States, meaning that a downturn in global semiconductor manufacturing spending would simultaneously compress both the segment concentration and the geographic concentration. There is no disclosed customer, supplier, or counterparty concentration layered on top of these structural tilts. On balance, the profile argues for monitoring the global electronics manufacturing cycle and the relative demand dynamics in the semiconductor and printed circuit board end-markets as the primary variables driving financial performance.
For the engine’s reasoning on ESI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Chemicals
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APD | Air Products and Chemicals, Inc | 2 | 0 | 0 | 2 |
| ESI● | Element Solutions Inc. | 2 | 0 | 0 | 2 |
| ALB | Albemarle Corporation | 1 | 1 | 0 | 2 |
| AVNT | Avient Corporation | 1 | 0 | 0 | 1 |
| AXTA | Axalta Coating Systems Ltd. | 0 | 1 | 0 | 1 |
| ASH | Ashland Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.