Trinseo (TSE) Tops Q3 EPS by 22c, provides outlook

Trinseo (NYSE: TSE) reported Q3 EPS of ($1.03), $0.22 better than the analyst estimate of ($1.25). Revenue for the quarter came in at $879 million versus the consensus estimate of $973.2 million.

2023 Outlook

Full-year 2023 net loss from continuing operations of $509 million to $499 million and Adjusted EBITDA of $175 million to $185 million (prior outlook of net loss from continuing operations of approximately $460 million and Adjusted EBITDA of approximately $215 million†). Adjusted EBITDA is below the prior outlook primarily from unfavorable net timing and styrene-related impacts in the third quarter as well as a more pronounced seasonality impact in the fourth quarter.
Full-year 2023 cash from operations of approximately $165 million resulting in Free Cash Flow of approximately $75 million (prior outlook of cash from operations of approximately $190 million and Free Cash Flow of approximately $100 million†); lower Free Cash Flow as higher cash interest and lower profitability is partially offset by working capital reductions.

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

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