Trinseo (TSE) Misses Q1 EPS by 3c
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Trinseo Reports First Quarter 2024 Financial Results and Provides Second Quarter Outlook
May 8, 2024 4:15 PM EDTFirst Quarter 2024 and Other Highlights
Net loss of $76 million and EPS of negative $2.14 Adjusted EBITDA* of $45 million, including a $13 million favorable impact from net timing; Adjusted Net Loss* of $69 million Cash used in operations of $66 million and capital expenditures of $16 million resulted in Free Cash Flow* of negative $82 million. First quarter Free Cash Flow* included a $61 million increase in trade working capital driven by seasonal factors and a more than 50% increase in styrene monomer prices First quarter ending cash of $171 million, of which $5 million was restricted, with approximately $252 million of additional... More