Alexi Misconish

Alexi Misconish from KeyBanc Capital Markets sought further details on growth synergies for Micromax, specifically on the commercial or technology side. He then asked for Element Solutions Inc's outlook on electronics volumes for 2026, considering destocking, and whether volume growth is expected to accelerate, remain the same, or slow down.

Answer

President and CEO Benjamin Gliklich highlighted that Micromax's strategic capabilities will be integrated into Element Solutions Inc's comprehensive offerings for the electronic supply chain, driving greater commercial traction through tech days with OEMs and specifiers. He noted that Micromax's technologies are increasingly important for evolving PCB demands, supporting market growth. For 2026, Mr. Gliklich expressed conviction that growth in high-end electronics will continue, building on strong year-to-date performance. While automotive EV outlook is hard to predict, Element Solutions Inc expects to outgrow that market through share gains. He concluded that 2026 promises to be another solid year of organic growth, further bolstered by inorganic opportunities.

Alexi Misconish sought further details on growth synergies for Micromax, specifically on the commercial or technology side. He also asked for Element Solutions Inc's outlook on electronic volumes for 2026, particularly whether volume growth is expected to accelerate next year given the destocking observed this year across several key products.

Answer

President and CEO Benjamin Gliklich emphasized that Micromax's strategic capabilities will be integrated into ESI's electronics supply chain efforts, including tech days with OEMs, driving greater commercial traction. He noted the increasing importance of Micromax's technologies for evolving PCB demands, supporting market growth and allowing the business to grow faster than its market. For 2026, Mr. Gliklich expressed conviction in continued strong growth in high-end electronics, outperforming the market. While automotive/EV units are hard to predict, he sees strong market share opportunities in power electronics and a healthy smartphone environment, leading to optimism for another solid year of organic growth, augmented by inorganic opportunities.