SEC Form 10-Q filed by Trinseo PLC

Depolymerization technology advances the circularity of acrylics, yields high-purity recycled monomerTrinseo (NYSE:TSE), a specialty material solutions provider, announced today the opening of its polymethyl methacrylate (PMMA) depolymerization facility in Rho, Italy, on June 25. The pilot facility represents a significant step forward in the Company's commitment to sustainability, as the next-generation recycling technology helps advance a circular infrastructure for acrylic solutions and is aligned with Trinseo's 2030 Sustainable Product Portfolio Goals.

2024 OutlookSecond quarter 2024 net loss of $53 million to $38 millionSecond quarter 2024 Adjusted EBITDA of $60 million to $75 millionCommenting on the second quarter outlook, Bozich said, "We are seeing the positive earnings momentum from the end of the first quarter continue into the second quarter, including similar sales and margin levels to start the quarter. I am confident in a significant sequential profitability improvement as the turnaround at Americas Styrenics is behind us, and as we enter the seasonally stronger period for many of our building and construction applications. Additionally, there has been continued tightness in the styrene and MMA markets that is supportive of cont

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 liquidity

Trinseo (NYSE:TSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its third quarter 2024 financial results on Thursday, November 7 at 10 a.m. Eastern Time. Commenting on results will be Frank Bozich, President and Chief Executive Officer, David Stasse, Executive Vice President and Chief Financial Officer, and Bee van Kessel, Senior Vice President of Corporate Development, Investor Relations and Treasury. The conference call will include introductory comments followed by a question and answer (Q&A) session. For those interested in asking questions during the Q&A, please register using the following link: Conference Call Registratio

Trinseo (NYSE:TSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on October 24, 2024, to shareholders of record as of the close of business on October 10, 2024. About Trinseo Trinseo (NYSE:TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably focused manner by combining its premier expertise, forward-looking innovations, and best-in-class materials to unlock value for companies and consumers. From design to manufacturing, Trinseo taps into decades of experience in dive

Trinseo (NYSE:TSE), a specialty material solutions provider, today announced that it has appointed Han Hendriks to the newly created role of Chief Technology Officer (CTO), effective Oct. 1, 2022. As CTO, Hendriks will be a member of Trinseo's executive leadership team and will be based in The Netherlands. In this role, he will drive the development of differentiated technology and innovation, allowing Trinseo to meet unfilled and unrecognized customer needs and develop sustainable solutions across Trinseo's innovation pillars. "We are delighted to have Han join us during this critical moment in our company's transformational journey to become a specialty material solutions provider," sai

Trinseo (NYSE:TSE), a specialty material solutions provider, announced the release of its 2022 Sustainability & Corporate Social Responsibility (CSR) Report which showcases the Company's transformational journey throughout 2021 and accelerated the progress toward its 2030 Sustainability Goals. The Company's 12th annual Sustainability Report was prepared in accordance with the Global Reporting Initiative (GRI) Standards Core Option. GRI is the leading independent organization providing a common language and framework for public sustainability reporting. Additionally, the report incorporates the Sustainability Accounting Standards Board (SASB) Standards, and for the first time, the Task Forc

Trinseo (NYSE:TSE), a global materials company and manufacturer of plastics and latex binders today announced that it has created two new Executive Leadership Team positions – the roles of Chief Technology Officer (CTO) and Chief Commercial Officer (CCO). "As we continue our journey to transform into a specialty solutions provider and as part of an effort to define a path forward, we have created two critical Executive Leadership roles as catalysts towards achieving our goals," said Frank Bozich, Trinseo President and Chief Executive Officer. "The role of CTO will drive the development of differentiated technology and innovation that allows Trinseo to meet unfilled and unrecognized custome