Trinseo (TSE) Tops Q4 EPS by 4c, FY16 EPS Guidance Tops Consensus

Trinseo (NYSE: TSE) reported Q4 EPS of $1.11, $0.04 better than the analyst estimate of $1.07. Revenue for the quarter came in at $897 million versus the consensus estimate of $969.23 million.

GUIDANCE:

Trinseo sees FY2016 EPS of $5.25-$5.45, versus the consensus of $4.62.

Commenting on the outlook for the first quarter and full year 2016 Pappas said, “The 2015 full year results represented a step change in profitability for the company, driven by a $277 million increase in Basic Plastics & Feedstocks’ Adjusted EBITDA excluding inventory revaluation. More than three-quarters of this increase was due to ongoing structural improvements in the styrenic polymers, styrene monomer, and polycarbonate markets, which benefitted both Trinseo and our Americas Styrenics joint venture.”

Pappas continued, “We expect first quarter Adjusted EBITDA to be between $125 and $135 million, with the Performance Materials division improving to the $75 to $80 million range, and the Basic Plastics & Feedstocks division delivering between $75 and $85 million. These expectations assume only a minimal impact from inventory revaluation and no fly-up styrene margin driven by unplanned outages. In addition, I am pleased to report that we are increasing our full year 2016 Adjusted EBITDA expectation to $510 to $520 million, and Adjusted EPS to $5.25 to $5.45.”

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

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