SEC Filing Summary: Platform Specialty Products Corporation
Business Context and Reporting Period
This Form 8-K, filed on March 13, 2017, by Platform Specialty Products Corporation (formerly Element Solutions Inc.), serves to disseminate final audited financial results for the fourth quarter and the full fiscal year ended December 31, 2016. The filing incorporates by reference the 2016 Final Results provided in Exhibit 99.1.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached Exhibit 99.1 (2016 Final Results) and are not explicitly listed in the body of this 8-K report.
Material Changes and Non-GAAP Measures
Management utilizes several non-GAAP financial measures to evaluate performance, including adjusted earnings per share, adjusted EBITDA, adjusted EBITDA margin, and free cash flow. Results are also presented on a constant currency and comparable constant currency basis to reflect the impact of acquisitions. The filing notes that these measures may not reflect actual results absent acquisitions and should not be viewed as substitutes for GAAP financial information.
Guidance, Outlook, and Risks
The filing includes a Regulation FD disclosure indicating that updated supplemental financial information reflecting the 2016 Final Results was posted to the company's Investor Relations website. Management cautions that non-GAAP measures may not be indicative of future results. No specific forward-looking guidance or new risk factors are detailed in the text of this report beyond the standard disclaimers regarding non-GAAP measures.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific numerical values of revenue, net income, and cash flow for the fiscal year ended December 31, 2016.
- Examine the reconciliation tables in the 2016 Final Results to understand the adjustments made to derive non-GAAP metrics from GAAP figures.
- Verify the impact of acquisitions on the reported constant currency results.
- Confirm the details of the supplemental financial information posted on the company's website under Events & Presentations.