Trinseo (TSE) Misses Q3 EPS by 3c, Beats on Revenues; Offers FY17 EPS Guidance Below Consensus

Trinseo (NYSE: TSE) reported Q3 EPS of $2.18, $0.03 worse than the analyst estimate of $2.21. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.06 billion.

Outlook

• Fourth quarter 2017 net income of $68 million to $77 million and earnings per diluted share of $1.53 to $1.71
• Fourth quarter 2017 Adjusted EBITDA of $130 million to $140 million and Adjusted EPS of $1.53 to $1.71
• Full year 2017 net income of $280 million to $288 million and earnings per diluted share of $6.23 to $6.41
• Full year 2017 Adjusted EBITDA of $605 million to $615 million and Adjusted EPS of $7.53 to $7.71
• Full year 2018 net income of $343 million to $367 million and earnings per diluted share of $7.66 to $8.20
• Full year 2018 Adjusted EBITDA of $620 million to $650 million and Adjusted EPS of $7.66 to $8.20

GUIDANCE:

Trinseo sees FY2017 EPS of $7.53-$7.71, versus the consensus of $7.73.

Third Quarter 2017 Summary

• Net Income of $33 million and diluted EPS of $0.74
• Adjusted EPS of $2.18
• Adjusted EBITDA of $166 million
• Cash provided by operating activities of $158 million and Free Cash Flow of $124 million inclusive of approximately $50 million cash sourced from working capital

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

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