Trinseo (TSE) Tops Q1 EPS by 42c
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Trinseo Reports First Quarter 2022 Financial Results and Updates Full-Year Outlook
May 4, 2022 4:15 PM EDTFirst Quarter 2022 and Other Highlights
Net income from continuing operations of $17 million and diluted EPS from continuing operations of $0.45 Net income includes a pre-tax charge of $36 million related to the 2018 European Commission request for information regarding styrene monomer purchasing activity in the European Economic Area Adjusted EBITDA* of $178 million, including a $32 million favorable impact from net timing, and Adjusted Net Income* of $79 million Cash used in operations of $5 million and capital expenditures of $25 million resulted in Free Cash Flow* of negative $30 million; working capital use of $103 million mainly... More