Trinseo Plc Stock Price, News & Analysis

Trinseo (NYSE: TSE), a specialty material solutions provider, will host a conference call on May 5, 2023, at 10 a.m. Eastern Time to discuss its Q1 2023 financial results. Key executives, including Frank Bozich and David Stasse, will provide insights followed by a Q&A session. Financial results will be released on May 4, 2023, after market close, and will be accessible via press release and presentation slides on the Company’s Investor Relations website. A replay of the call will be archived and available until May 5, 2024. With approximately $5.0 billion in net sales reported in 2022, Trinseo continues to focus on innovative and sustainable material solutions across various industries.

Trinseo (NYSE: TSE) has agreed to sell its land, buildings, and equipment in Matamoros, Mexico, to Plaskolite. The transaction is anticipated to close in the coming weeks. This move follows Trinseo's December 2022 consolidation of PMMA sheet products from Matamoros to its facility in Florence, Kentucky, aimed at optimizing resources and transforming operations. Trinseo's President and CEO, Frank Bozich, emphasized that this sale will allow the plant to continue operating, preserving jobs in the Matamoros community. Trinseo reported net sales of approximately $5.0 billion in 2022.

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 $0.14 per share, representing a 56% reduction from the previous dividend of $0.32. CEO Frank Bozich stated this decision aims to preserve liquidity amidst challenging macroeconomic conditions and support growth and sustainability investments. The dividend will be payable on April 20, 2023, to shareholders of record by April 6, 2023. Trinseo reported net sales of approximately $5.0 billion in 2022.

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.