Trinseo (TSE) Tops Q1 EPS by 19c, Revenues Miss
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Trinseo Reports First Quarter 2020 Financial Results; Provides COVID-19 Update
May 6, 2020 4:15 PM EDTFirst Quarter 2020 and Other Highlights
Liquidity-focused actions taken in response to COVID-19 to improve the already strong position, including the reduction of capital spending, operating expenses, and working capital, which resulted in quarter-ending cash and cash equivalents of $440 million and Liquidity* of $937 million Net loss of $36 million and diluted EPS of ($0.94), inclusive of a one-time pre-tax $38 million charge related to the impairment of certain long-lived assets in Boehlen, Germany and Schkopau, Germany, aligned to managements ongoing strategy implementation; Adjusted EPS of $0.26 Adjusted EBITDA of $57 million, including a $15 million unfavorable... More