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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.
Trinseo (NYSE: TSE) has declared a quarterly dividend of $0.32 per share, payable on July 21, 2022, to shareholders recorded as of July 7, 2022. With approximately $4.8 billion in net sales in 2021, Trinseo is a key player in global materials solutions, focusing on sustainable products across various sectors such as automotive and consumer electronics. The company operates 26 manufacturing sites and one recycling facility, employing around 3,400 individuals worldwide.
Trinseo (NYSE: TSE) reported a 41% increase in net sales for Q1 2022, reaching $1.39 billion, driven by higher raw material prices and new acquisitions. However, net income from continuing operations fell to $17 million, down from $66 million year-over-year, largely due to a $36 million pre-tax charge related to the European Commission's investigation. Adjusted EBITDA was $178 million, a slight decrease from the previous year. The company projects full-year net income between $174 million and $211 million and Adjusted EBITDA between $625 million and $675 million, amid ongoing production outages affecting results.
Trinseo PLC (NYSE: TSE) reported ongoing cooperation with the European Commission regarding styrene monomer activities in the European Economic Area. The company responded to a Request for Information and recorded a reserve of $36 million in Q1 2022 as a precautionary measure. Trinseo, a global material solutions provider, achieved approximately $4.8 billion in net sales in 2021 and operates 26 manufacturing sites worldwide. The company is focused on sustainability and innovation across various industries.
Trinseo (NYSE: TSE), a global materials solutions provider, will host a conference call on May 5, 2022, at 10 a.m. ET, to discuss its first quarter financial results. The call will feature comments from CEO Frank Bozich and CFO David Stasse, followed by a Q&A session. The financial results will be released on May 4, 2022, after market close, and will be available on the Company’s Investor Relations website. A replay of the call will also be accessible until May 5, 2023.
Trinseo (NYSE: TSE) announces the creation of two new Executive Leadership positions: Chief Technology Officer (CTO) and Chief Commercial Officer (CCO), effective March 1. André Lanning will step into the CCO role, focusing on enhancing commercial excellence and identifying growth opportunities. Trinseo aims to become a specialty solutions provider, emphasizing innovation and customer-centric strategies. The company generated approximately $4.8 billion in net sales in 2021 and operates 26 manufacturing sites worldwide.
Trinseo (NYSE: TSE) has announced a quarterly dividend of $0.32 per share, payable on April 21, 2022. Shareholders of record as of April 7, 2022 will receive this cash distribution. The company, a global provider of materials solutions, reported $4.8 billion in net sales for 2021 and operates 26 manufacturing sites worldwide. Trinseo emphasizes sustainability and innovation across various industries including automotive and consumer electronics.
Trinseo (NYSE: TSE) reported strong financial results for 2021, with net income from continuing operations of $280 million and diluted EPS of $7.07. The company achieved an Adjusted EBITDA of $729 million and Free Cash Flow of $329 million. In Q4 2021, net income was $1 million with diluted EPS of $0.04. Full-year net sales increased by 76% to $4.8 billion, driven by higher pricing and acquisitions. The company expects a net income of $294 million to $332 million for 2022, reflecting healthy demand and ongoing transformation efforts.
Trinseo (NYSE: TSE), a global materials company, is rapidly advancing plans for a new chemical recycling plant in Belgium. The facility, set to begin construction by the end of 2022, will focus on recycled polystyrene (rPS) to meet rising demand for sustainable materials. It aims to process 15 kilotons of rPS flakes annually, converting them into high-quality recycled styrene. The project aligns with Trinseo's commitment to sustainability and circularity in plastics, leveraging technologies from Synova and Worley.
Trinseo (NYSE: TSE) has announced its expected fourth quarter 2021 financial results, projecting a net income from continuing operations of $1 million to $3 million and Adjusted EBITDA of $129 million to $135 million. Despite facing challenges like rising European natural gas prices and a styrene production outage, the company expects to generate significant cash flow. For the full year 2021, net income is expected between $279 million and $281 million, which is below prior guidance. Trinseo also anticipates a strong start to 2022, forecasting net income from continuing operations of $294 million to $332 million.
Trinseo (NYSE: TSE) has successfully completed the acquisition of Heathland B.V., a prominent recycler of post-consumer and post-industrial plastic waste based in the Netherlands. This strategic move aligns with Trinseo’s commitment to advancing a circular economy and enhancing its sustainability efforts. Heathland's expertise in mechanical and chemical recycling will provide Trinseo access to high-quality recycled raw materials essential for various high-end applications. Trinseo aims to incorporate these capabilities into its operations, promoting sustainability and supporting its 2030 sustainability goals.
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