Trinseo (TSE) Misses Q3 EPS by 21c, Misses on Revenue

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Trinseo Reports Third Quarter 2024 Financial Results and Provides Fourth Quarter Outlook

November 6, 2024 5:16 PM EST

Third Quarter 2024 and Other Highlights

Net loss of $87 million, including pre-tax restructuring and other charges of $26 million related to recently announced restructuring initiatives, and EPS of negative $2.47 Adjusted EBITDA* of $66 million was $25 million higher than prior year Cash provided by operations of $9 million and capital expenditures of $12 million resulted in Free Cash Flow* of negative $3 million, a sequential improvement of $53 million. Third quarter Free Cash Flow* included a $16 million decrease in trade working capital Third quarter ending cash of $167 million, of which $2 million was restricted, with approximately $177 million of additional available... More