Trinseo (TSE) Tops Q3 EPS by $101, Revenues Beat

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Go back to Trinseo (TSE) Tops Q3 EPS by $101, Revenues Beat

Trinseo Reports Third Quarter 2020 Financial Results

November 5, 2020 4:15 PM EST

Third Quarter 2020 and Other Highlights

Net income of $106 million and diluted EPS of $2.75 Adjusted EBITDA* of $102 million, including a $2 million favorable impact from net timing, and Adjusted EPS* of $2.87 COVID-19 pre-tax impact of $65 million to $70 million in the first half of the year with an expected second half pre-tax benefit of $10 million to $15 million from restocking volume and margin benefits, resulting in a full-year anticipated pre-tax impact of $55 million Improved market conditions and continued actions in response to COVID-19, including reduced capital spending and operating expenses, resulted in third quarter... More