Trinseo (TSE) Tops Q2 EPS by 16c, Revenues Beat; Offers FY18 EPS Outlook Above Consensus

Trinseo (NYSE: TSE) reported Q2 EPS of $2.40, $0.16 better than the analyst estimate of $2.24. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.11 billion.

Commenting on the outlook for the third quarter and full year 2018 Pappas said, “While we expect continued solid performance and cash generation in the third quarter, profitability should be sequentially lower due to seasonality, a lower level of planned styrene outages resulting in decreasing styrene margins, and a somewhat softer tire market demand.”

Pappas continued, "Looking ahead to the full year performance, we are affirming our previous guidance and we remain focused on strong cash generation.”

GUIDANCE:

Trinseo sees FY2018 EPS of $9.15-$9.52, versus the consensus of $9.15.

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

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