Trinseo (TSE) Misses Q3 EPS by 13c, Offers Outlook

Trinseo (NYSE: TSE) reported Q3 EPS of $0.01, $0.13 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.31 billion.

Outlook

Commenting on the outlook for the fourth quarter of 2014 Pappas said, “Overall we expect a stronger fundamental performance in the fourth quarter as compared to the third quarter. We expect sequential improvements in Synthetic Rubber, which is coming out of the third quarter turnaround; Styrenics, from improving styrene margins; and Engineered Polymers, as we start to see cost savings from our exit of Freeport. However, we see some challenges with a weakening euro as well as a possible substantial, unfavorable inventory revaluation impact with declining raw material costs.”

“We recently announced a new business alignment, effective in January 2015, which will create two new business divisions – Performance Materials and Basic Plastics & Feedstocks – grouping businesses with similar strategies and drivers, enabling more effective management and increasing visibility between our commodity and differentiated businesses,” continued Pappas.

For earnings history and earnings-related data on Trinseo (TSE) click here.

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