Trinseo (TSE) Tops Q1 EPS by 31c; Updates Outlook

Trinseo (NYSE: TSE) reported Q1 EPS of $2.59, $0.31 better than the analyst estimate of $2.28. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $908.67 million.

• Net Income of $117 million and diluted EPS of $2.59
• Adjusted EPS of $2.42
• Adjusted EBITDA of $182 million
• Cash used in operating activities of $26 million; Free Cash Flow of negative $62 million inclusive of approximately $175 million cash used for working capital

Outlook

• Second quarter 2017 net income of $78 million to $86 million, and earnings per diluted share of $1.71 to $1.89
• Second quarter 2017 Adjusted EBITDA of $145 million to $155 million and Adjusted EPS of $1.71 to $1.89
• Full year 2017 net income of $337 million to $353 million and earnings per diluted share of $7.43 to $7.78
• Full year 2017 Adjusted EBITDA of $600 million to $620 million and Adjusted EPS of $7.26 to $7.61

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

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