Trinseo (TSE) Misses Q3 EPS by 18c
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Trinseo Reports Third Quarter 2021 Financial Results; Announces Planned Divestiture of Styrenics Businesses
November 5, 2021 4:15 PM EDTThird Quarter 2021 and Other Highlights
Strong net income from continuing operations of $79 million and diluted EPS from continuing operations of $2.01 Adjusted EBITDA* of $173 million, including a $1 million unfavorable impact from net timing, and Adjusted EPS* of $2.01 Cash from operations of $208 million and capital expenditures of $36 million resulted in Free Cash Flow* of $173 million Increased most recent quarterly dividend to $0.32 per share from $0.08 per share Completed acquisition of Aristech Surfaces on September 1, which broadens Trinseos PMMA product offerings in building & construction and wellness end markets Announces planned... More