Trinseo (TSE) Tops Q1 EPS by 82c, Revenues Beat
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Trinseo Reports First Quarter 2021 Financial Results
May 6, 2021 4:15 PM EDTFirst Quarter 2021 and Other Highlights
Strong net income of $72 million and diluted EPS of $1.81 Record quarterly Adjusted EBITDA* of $201 million, including a $7 million favorable impact from net timing, and record quarterly Adjusted EPS* of $3.27 First quarter cash from operations of $51 million, Free Cash Flow* of $38 million, and quarter-ending cash and cash equivalents of $618 million Completed acquisition of Arkemas PMMA business on May 3, marking a major step in Trinseos transformation to becoming an advanced specialty and sustainable solutions provider Announced plans to build full commercial scale polystyrene recycling plant in... More