Date | Price Target | Rating | Analyst |
---|---|---|---|
10/4/2023 | $22.00 → $9.00 | Buy → Hold | Jefferies |
8/11/2022 | $42.00 → $34.00 | Buy → Hold | Deutsche Bank |
3/30/2022 | $60.00 | Buy | Deutsche Bank |
7/21/2021 | $72.00 | Hold → Buy | TD Securities |
Second Quarter 2024 and Other Highlights Net loss of $68 million and EPS of negative $1.92 Adjusted EBITDA* of $67 million, including a $10 million unfavorable impact from net timing; Adjusted Net Loss* of $52 million, reflecting year-over-year and sequential profitability improvement Cash used in operations of $42 million and capital expenditures of $14 million resulted in Free Cash Flow* of negative $56 million. Second quarter Free Cash Flow* included a $12 million increase in working capital Second quarter ending cash of $108 million, of which $2 million is restricted, with approximately $244 million of additional available liquidity under two committed financing facilities w
Trinseo PLC ("Trinseo" or "the Company")(NYSE:TSE), a specialty material solutions provider, today announced that a special purpose finance entity, Styron Receivables Funding Designated Activity Company, has entered into a $150 million non-recourse financing facility with credit funds and accounts managed by KKR, a leading global investment firm. The facility, which is collateralized by trade receivables originated by Trinseo and its subsidiaries, replaces a prior financing facility of the same size that matures in November 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240718388261/en/ "We are thrilled to have the support
Trinseo (NYSE:TSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, August 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 Andy Myers, Vice President of Investor Relations. 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 Registration For those interested in listening only,
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
Jefferies downgraded Trinseo from Buy to Hold and set a new price target of $9.00 from $22.00 previously
Deutsche Bank downgraded Trinseo from Buy to Hold and set a new price target of $34.00 from $42.00 previously
Deutsche Bank resumed coverage of Trinseo with a rating of Buy and set a new price target of $60.00
4 - Trinseo PLC (0001519061) (Issuer)
4 - Trinseo PLC (0001519061) (Issuer)
4 - Trinseo PLC (0001519061) (Issuer)
Second Quarter 2024 and Other Highlights Net loss of $68 million and EPS of negative $1.92 Adjusted EBITDA* of $67 million, including a $10 million unfavorable impact from net timing; Adjusted Net Loss* of $52 million, reflecting year-over-year and sequential profitability improvement Cash used in operations of $42 million and capital expenditures of $14 million resulted in Free Cash Flow* of negative $56 million. Second quarter Free Cash Flow* included a $12 million increase in working capital Second quarter ending cash of $108 million, of which $2 million is restricted, with approximately $244 million of additional available liquidity under two committed financing facilities w
Trinseo (NYSE:TSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, August 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 Andy Myers, Vice President of Investor Relations. 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 Registration For those interested in listening only,
Trinseo (NYSE:TSE), a specialty material solutions provider, today announced a correction to its previously issued press release dated June 27, 2024, under the headline "Trinseo Announces Quarterly Dividend of $0.01 Per Share". The previous press release contained a typographical error which erroneously indicated that the record date for the dividend was payable to shareholders of record as of the close of business on "July 7, 2024" rather than the correct record date of July 8, 2024. Other than this correction, there are no other changes to the previous press release. About Trinseo Trinseo (NYSE:TSE), a specialty material solutions provider, partners with companies to bring ideas t
144 - Trinseo PLC (0001519061) (Subject)
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4 - Trinseo PLC (0001519061) (Issuer)
4 - Trinseo PLC (0001519061) (Issuer)
4 - Trinseo PLC (0001519061) (Issuer)
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
SC 13G/A - Trinseo PLC (0001519061) (Subject)
SC 13G/A - Trinseo PLC (0001519061) (Subject)
SC 13G/A - Trinseo PLC (0001519061) (Subject)