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Trinseo PLC - TSE STOCK NEWS

Welcome to our dedicated page for Trinseo PLC news (Ticker: TSE), a resource for investors and traders seeking the latest updates and insights on Trinseo PLC stock.

Trinseo PLC (TSE) is a globally recognized leader in the production of plastics, latex, and rubber. With a legacy spanning seven decades, Trinseo combines technological innovation with a customer-focused approach. The company operates through several key segments: latex binders, feedstocks, polystyrene, Americas styrenics, engineered materials, and plastics solutions.

Trinseo's core business is centered around its Polystyrene segment which generates the majority of the company's revenue. This segment offers a variety of general-purpose polystyrenes and high-impact polystyrenes. These materials are crucial for applications in consumer electronics, food packaging, appliances, building materials, and more, providing performance and aesthetic value at a competitive cost.

The company’s operations are global, with significant revenue streams from Europe, and substantial presence in the United States and the Asia-Pacific region. Such a diversified geographical footprint allows Trinseo to cater to a broad spectrum of markets and reduce dependency on any single region.

Trinseo continues to innovate with recent projects aimed at enhancing sustainability and developing advanced materials. The company is engaged in partnerships and initiatives that push the boundaries of technology, ensuring that they remain at the cutting edge of material science.

In addition to their robust product portfolio, Trinseo's ongoing commitment to sustainability and technological advancement makes them a pivotal player in the global materials industry.

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Trinseo initiates potential closure of its PC production site in Stade, Germany by the end of 2024, aiming to increase profitability. CEO cites oversupply and declining demand as reasons for the decision.
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Trinseo initiates sale process for its 50% ownership in Americas Styrenics LLC as part of its transformation strategy. Proceeds to be used to pay down term loans. Expecting a definitive arrangement by early 2025.
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Trinseo (NYSE: TSE) declares a quarterly dividend of $0.01 per share, payable on April 18, 2024, to shareholders of record as of April 4, 2024.
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Trinseo (NYSE: TSE) reported its full-year and fourth quarter 2023 financial results, showing a decrease in net sales and a net loss from continuing operations. The company faced challenges due to weak demand and customer destocking, resulting in lower sales volumes. The full-year net loss included non-cash charges related to valuation allowances on deferred tax assets. Adjusted EBITDA decreased significantly due to lower volume, natural gas hedges, and equity affiliate income. Despite a challenging fourth quarter with lower sales volumes and higher charges, the company generated positive free cash flow and remains in a solid liquidity position for 2024.
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Trinseo (NYSE: TSE) and its European affiliates have announced a 10% price increase for acrylic sheet products ALTUGLAS™ and OROGLAS™, effective for deliveries after February 1, 2024, as per existing agreements.
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Trinseo (NYSE: TSE) will host a conference call to discuss its Q4 and full year 2023 financial results on February 13, 2024. The call will include comments from the President, CEO, CFO, and Director of Investor Relations. The company will distribute its financial results via press release on Business Wire and post them on its Investor Relations website. Registration for the call and webcast is open, and a replay will be available until February 13, 2025.
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Trinseo (NYSE: TSE) inaugurates a PMMA depolymerization plant in Rho, Italy, scheduled to be commissioned in Q1 2024, marking a significant step towards reshaping the plastics ecosystem as part of the circular economy. The facility enables efficient recycling of PMMA-based materials, supporting the goal of circularity and promoting sustainability-driven innovation.
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Trinseo (NYSE: TSE) Authorizes Quarterly Dividend of $0.01 per Share
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Trinseo (NYSE: TSE) reported third quarter 2023 financial results with net sales decreasing 25% compared to the prior year. The company experienced lower sales volume and lower prices due to the pass-through of lower raw material costs. Net loss from continuing operations was $38 million, an increase of $80 million from the prior year. Adjusted EBITDA was $41 million, a $78 million increase from the prior year. Trinseo successfully refinanced its outstanding debt and announced the closure of its styrene plant in the Netherlands, which is expected to result in a profitability improvement of approximately $100 million in 2024.
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Trinseo, a specialty material solutions provider, will discontinue operations at its ethylbenzene styrene monomer (EBSM) manufacturing facility in Terneuzen, the Netherlands, effective November 2023. The closure follows the company's previous closures of PMMA sheet operations in Denmark, New Mexico, and Italy. Trinseo expects annual cost savings of approximately $75 million from these initiatives.
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FAQ

What is the current stock price of Trinseo PLC (TSE)?

The current stock price of Trinseo PLC (TSE) is $4.77 as of December 20, 2024.

What is the market cap of Trinseo PLC (TSE)?

The market cap of Trinseo PLC (TSE) is approximately 188.7M.

What is Trinseo PLC?

Trinseo PLC is a global leader in the production of plastics, latex, and rubber.

What products does Trinseo specialize in?

Trinseo specializes in general-purpose polystyrenes, high-impact polystyrenes, latex binders, engineered materials, and more.

Which segment generates the most revenue for Trinseo?

The Polystyrene segment generates the most revenue for Trinseo.

Where does Trinseo operate?

Trinseo operates globally, with significant revenue from Europe and presence in the United States and the Asia-Pacific region.

What are Trinseo's core business segments?

Trinseo's core business segments include latex binders, feedstocks, polystyrene, Americas styrenics, engineered materials, and plastics solutions.

What industries use Trinseo's products?

Industries include consumer electronics, food packaging, appliances, and building materials, among others.

How long has Trinseo been in business?

Trinseo has a legacy spanning seven decades.

Is Trinseo involved in sustainability projects?

Yes, Trinseo is engaged in sustainability projects and technological advancements.

What is the ticker symbol for Trinseo PLC?

The ticker symbol for Trinseo PLC is TSE.

How does Trinseo innovate in material science?

Trinseo partners with industry leaders and invests in projects to push technological boundaries and develop advanced materials.

Trinseo PLC

NYSE:TSE

TSE Rankings

TSE Stock Data

188.69M
33.65M
4.71%
66.38%
2.55%
Specialty Chemicals
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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United States of America
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