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Trinseo (TSE)
NYSE:TSE
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-2.32Last Year’s EPS
-2.99Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 08, 2022
|% Change Since: -5.64%
|Next Earnings Date:Nov 05, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted significant year-over-year improvement in profitability and successful restructuring actions. However, challenges such as unplanned outages, decreased volumes, and anticipated lower performance in Q4 were also noted. Despite the mixed results, the strategic initiatives and increased sales in sustainable products position the company positively for the future.Company Guidance
During Trinseo's Q3 2024 earnings call, the company provided guidance reflecting several key metrics and strategic actions. The third quarter adjusted EBITDA was reported at $66 million, a $25 million increase from the previous year, despite unplanned outages at two Americas Styrenics facilities, which negatively impacted equity affiliate income by $10 million. Free cash flow was negative $3 million but is expected to turn positive in Q4 due to seasonal working capital improvements. Looking forward, Trinseo anticipates Q4 adjusted EBITDA to be between $40 million and $50 million, factoring in seasonally slower market demand. The company announced restructuring initiatives expected to save approximately $25 million in 2025 and achieve full run rate savings of $30 million by the end of 2026. Additionally, Trinseo plans to exit virgin polycarbonate production at its Stade, Germany facility, which is projected to increase annual profitability by $15 million to $20 million. The company also emphasized a focus on sustainable product offerings, with sales of recycled content-containing products increasing by 40% year-over-year in Q3, representing 6% of the total company margin.Improved Year-Over-Year Profitability
Adjusted EBITDA for Q3 2024 was $66 million, which is $25 million higher than the prior year. This improvement was observed across all business segments except for Americas Styrenics.
Successful Restructuring Actions
The company announced further restructuring initiatives expected to result in cost savings of approximately $25 million in 2025 and a full run rate savings of $30 million by the end of 2026.
Increased Sales of Sustainable Products
Sales of recycled content-containing products increased 40% in Q3 versus the prior year and 57% year-to-date.
Positive Market Adjustments
There was a 36% increase in compounds for consumer electronics applications and a 7% volume increase in case and battery applications in latex binders.
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TSE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $4.61 | $3.87 | -16.05% |
| Aug 06, 2024 | $2.50 | $2.40 | -4.00% |
| May 08, 2024 | $3.32 | $3.67 | +10.54% |
| Feb 12, 2024 | $6.08 | $4.79 | -21.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trinseo (TSE) report earnings?
Trinseo (TSE) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Trinseo (TSE) earnings time?
Trinseo (TSE) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE EPS forecast?
TSE EPS forecast for the fiscal quarter 2024 (Q4) is -2.32.
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