Trinseo (TSE) Misses Q2 EPS by $0.24
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Trinseo Reports Second Quarter 2022 Financial Results and Updates Full-Year Outlook
August 8, 2022 4:15 PM EDTSecond Quarter 2022 and Other Highlights
Net income from continuing operations of $37 million and diluted EPS from continuing operations of $1.00 Adjusted EBITDA* of $164 million, including a $33 million favorable impact from net timing, and Adjusted Net Income* of $66 million Cash used in operations of $83 million and capital expenditures of $32 million resulted in Free Cash Flow* of negative $115 million; included a working capital use of $181 million mainly from a steep rise in raw material and utility prices and sequentially higher sales in the second quarter Repurchased approximately 1 million shares for $50 million First half... More