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 global leader in advanced materials manufacturing, producing polymers, latex, and rubber solutions for automotive, construction, and industrial applications. This page aggregates all official company announcements, press releases, and market updates to serve as a primary resource for stakeholders.
Access real-time updates on earnings reports, strategic partnerships, product innovations, and operational developments. Investors and industry professionals can efficiently track Trinseo’s market position, sustainability initiatives, and technological advancements through verified sources.
Content includes updates across Trinseo’s core segments: Latex Binders, Engineered Materials, and Polymer Solutions, with insights into R&D breakthroughs and regulatory compliance. Bookmark this page for streamlined access to critical updates influencing material science markets and Trinseo’s global operations.
Trinseo PLC reported an accidental release of approximately 8,100 gallons of latex emulsion due to equipment failure at its Bristol, Pennsylvania facility. The material overflowed containment and entered local waterways but has not been detected in water samples. The company is collaborating with authorities, including the U.S. Coast Guard and U.S. EPA, to assess the situation. Operations at the facility are currently paused, and Trinseo plans to resume partial production shortly. The Bristol facility manufactures acrylic resins and employs around 110 people.
Trinseo, a specialty material solutions provider, has announced a quarterly dividend of
Trinseo (NYSE: TSE) has launched LIGOS™ C 9375, an innovative all-acrylic latex binder aimed at the Building and Construction sector. This product aligns with Trinseo's transformation strategy and responds to growing demand in the acrylics market. With superior performance for cementitious applications, C 9375 is designed for diverse uses like hydraulic cement mixtures and exterior insulation systems. Trinseo plans to expand its offerings with a robust pipeline of latex solutions over the coming years to address industry challenges, enhancing its position as a specialized solutions provider.
Trinseo reported a challenging financial performance for full-year 2022, with a net loss from continuing operations amounting to $428 million and a diluted EPS of negative $11.91. Adjusted EBITDA stood at $312 million, significantly down from $729 million in 2021. The decline was primarily attributed to customer destocking, geopolitical tensions, and elevated energy costs. In Q4, net sales fell 25% year-over-year, with a net loss of $364 million. Despite these challenges, sales volume and margins from recycled products increased by 63% and 69% respectively, albeit representing a small fraction of total sales. The company forecasts a potential net income of $3 million to $33 million for 2023, as restructuring initiatives are implemented.
Trinseo (NYSE: TSE) has announced a new distribution agreement with Omya, a leading global producer of industrial minerals, effective February 1, 2023. Under this agreement, Omya will supply high-quality ABS and PC/ABS resins to Trinseo's automotive and mobility clients in North America. Trinseo’s MAGNUM™ ABS Resins, noted for their superior purity and consistency due to continuous mass polymerization technology, and PULSE™ PC/ABS Resins, designed for high-performance applications, will feature prominently in this collaboration. This partnership enhances Trinseo's distribution network, focusing on mobility, building, and consumer goods sectors.
Trinseo (NYSE: TSE) has announced its expectations for Q4 2022, projecting a net loss from continuing operations between $367 million and $362 million and an Adjusted EBITDA of $4 million to $9 million. A significant factor contributing to this loss is a $297 million non-cash goodwill impairment charge. The company reported cash from operations of $32 million to $37 million, resulting in a negative Free Cash Flow of $22 million to $17 million. For the full year, the net loss is estimated at $432 million to $427 million, with Adjusted EBITDA ranging from $309 million to $314 million. Despite the challenges, Trinseo anticipates improvements in early 2023 due to seasonal demand increases and lower energy costs.
Trinseo (NYSE: TSE) has announced significant asset restructuring initiatives aimed at improving annual profitability by approximately $60 million. Key actions include:
- Closure of styrene operations in Boehlen, Germany due to uncompetitive market conditions.
- Closure of a polycarbonate production line in Stade, Germany, while retaining other production for downstream compounding.
- Consolidation of PMMA sheet manufacturing from Matamoros, Mexico to Florence, Kentucky.
- Reduction of SB latex capacity at Hamina, Finland, starting mid-2023.
The company anticipates non-recurring costs of $79 million to $89 million, with most charges incurred through 2024.
Trinseo (NYSE: TSE) has announced a quarterly dividend of $0.32 per share, payable on January 19, 2023, to shareholders of record as of January 5, 2023. With approximately $4.8 billion in net sales reported for 2021, the company continues to focus on innovative and sustainable material solutions across various industries, including consumer goods and medical sectors. This dividend reflects Trinseo's commitment to delivering value to its shareholders while pursuing growth in material solutions.
Trinseo (TSE) reported a challenging third quarter in 2022, with a net loss from continuing operations of $118 million and a diluted EPS of negative $3.35. Net sales declined 7% year-over-year, driven by an 18% drop in sales volume amid economic uncertainty and customer destocking. Adjusted EBITDA was negative $37 million, significantly lower than prior year results. However, the company generated $59 million in free cash flow, supported by a working capital release of $166 million from declining raw material prices.
Trinseo (NYSE: TSE) announced preliminary Q3 2022 results with net income estimates between negative $123 million and negative $118 million, and Adjusted EBITDA estimates between negative $42 million and negative $37 million. Low customer demand in Europe and Asia, high natural gas prices, and significant customer destocking contributed to poor performance. However, projected cash from operations is estimated at $95-$100 million. The company is considering asset optimization strategies expected to improve profitability by approximately $60 million annually.
