Trinseo reports Q4 adjusted EPS ($2.67), consensus ($2.33)

Reports Q4 revenue $821.5M, consensus $803.09M. The company said, “Core business results in the fourth quarter were in line with expectations, reflecting seasonally lower volumes and extended year-end shutdowns. However, falling raw material prices resulted in negative timing impacts in Polymer Solutions and in Americas Styrenics. These lower raw material prices resulted in lower working capital balances, which contributed to the highest free cash flow generation in over two years.”