Trinseo reports Q1 adjusted EPS ($1.37), consensus ($1.50)

Reports Q1 revenue $785M vs $904M last year. Commenting on the Company’s first quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo (TSE), said, “Core business results in the first quarter were in line with expectations, and sequentially higher due to prior quarter customer destocking and seasonality. Despite persistent market weakness, the first quarter was Trinseo’s 7th consecutive quarter of year-over-year Adjusted EBITDA improvement driven by the various management actions we took early in this industry downturn.”