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Investing.com -- Elementis PLC (LON:ELM) on Wednesday reported a resilient third-quarter performance with sales of $152 million, flat year-over-year on a constant currency basis but up approximately 2% on a reported basis.
The specialty chemicals company saw EBITA improve year-over-year, with year-to-date EBITA margins consistent with the first half of 2025, which stood at 21.2%.
In its trading update, Elementis noted that Personal Care sales remained flat in constant currency terms, with price and volume gains offsetting negative mix impact during the period. Similarly, Coatings sales were flat in constant currency terms, affected by volume and mix weakness in the Americas, though partially offset by price improvements.
The company’s Energy segment continued to perform strongly with volume, pricing, and mix all higher compared to the same period last year.
Elementis confirmed that its cost-saving measures are on track to deliver $12 million by the end of fiscal year 2025. Additionally, as part of its Elevate strategy, the company expects to deliver a further $5 million in savings for FY25.
The company has completed the sale of its Eaglescliffe site in the UK, which removes approximately $20 million in environmental liabilities from its balance sheet.
In a significant leadership change, John O’Higgins, the current group Chair, will not stand for re-election at the April 2026 Annual General Meeting and will step down immediately following the event.
Elementis reiterated its full-year 2025 performance guidance, stating it expects results to be in line with market expectations.