Trinseo (TSE) Misses Q2 EPS by $1.33, Revenues Miss
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Trinseo Reports Second Quarter 2020 Financial Results
July 29, 2020 4:15 PM EDTSecond Quarter 2020 and Other Highlights
Net loss of $128 million and diluted EPS of ($3.36), inclusive of a $6 million pre-tax charge related to corporate restructuring costs; Adjusted EPS* of ($2.95) Adjusted EBITDA* of negative $8 million, including a $43 million unfavorable impact from net timing and a $60 million to $65 million unfavorable impact from COVID-19 Continued liquidity-focused actions in response to COVID-19 including reduced capital spending, operating expenses, and working capital which resulted in second quarter cash from operations of $82 million, Free Cash Flow* of $58 million, quarter-ending cash and cash equivalents of $582 million, and Liquidity* of $953 millionBERWYN, Pa.--(BUSINESS WIRE)-- Trinseo... More
