Trinseo (TSE) Misses Q4 EPS by 2c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus

Trinseo (NYSE: TSE) reported Q4 EPS of $0.23, $0.02 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.12 billion.

• Net loss of $1 million and diluted EPS of $(0.02)
• Adjusted Net Income of $10 million and Adjusted EPS of $0.23
• Adjusted EBITDA of $65 million
• Cash provided by operating activities of $128 million; Free Cash Flow of $98 million

Commenting on the outlook for full year 2019, Pappas said, “We are seeing the late 2018 market conditions impacting our business in the first quarter of 2019, but with signs of market improvement across many product areas. The low end of our guidance assumes limited improvement to current market conditions over the balance of the year. The high end of our guidance assumes a progressive recovery in the first half of the year followed by healthier second half conditions.”

GUIDANCE:

Trinseo sees FY2019 EPS of $5.80-$7.43, versus the consensus of $7.56.

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

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