SEC Filing Summary: Platform Specialty Products Corporation
Business Context and Reporting Period
This Form 8-K, filed on November 4, 2016, by Platform Specialty Products Corporation (formerly Element Solutions Inc.), serves to announce the company's financial results for the three and nine months ended September 30, 2016. The filing incorporates by reference a press release (Exhibit 99.1) detailing these results.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references the attached press release for detailed GAAP and non-GAAP measures, including adjusted EBITDA, adjusted EBITDA margin, comparable net sales, and organic sales.
Material Changes
The document does not explicitly state material changes versus prior periods within the text provided. It notes that the company evaluates results on a constant currency and comparable constant currency basis to facilitate comparisons, but specific variance data is contained in the referenced Exhibit 99.1.
Guidance, Outlook, and Non-GAAP Measures
Management utilizes several non-GAAP financial measures to supplement GAAP results, including adjusted EBITDA guidance and comparable adjusted earnings per share. The company states these measures exclude items not representative of its business to provide a clearer view of long-term profitability trends. The filing includes standard disclaimers that these non-GAAP measures are not substitutes for GAAP financial information and may differ from measures used by other companies.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, earnings, and cash flow figures for the quarter and nine months ended September 30, 2016.
- Examine the reconciliation tables in the press release to understand adjustments made to derive non-GAAP measures like adjusted EBITDA.
- Verify the specific guidance provided for future periods as mentioned in the press release.
- Confirm the impact of currency fluctuations on reported results by reviewing the constant currency analysis in the attached exhibit.