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Trinseo PLC - TSE STOCK NEWS

Welcome to our dedicated news page for Trinseo PLC (Ticker: TSE), a resource for investors and traders seeking the latest updates and insights on Trinseo PLC.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Trinseo PLC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Trinseo PLC's position in the market.

Rhea-AI Summary
Trinseo (NYSE: TSE) reported its full-year and fourth quarter 2023 financial results, showing a decrease in net sales and a net loss from continuing operations. The company faced challenges due to weak demand and customer destocking, resulting in lower sales volumes. The full-year net loss included non-cash charges related to valuation allowances on deferred tax assets. Adjusted EBITDA decreased significantly due to lower volume, natural gas hedges, and equity affiliate income. Despite a challenging fourth quarter with lower sales volumes and higher charges, the company generated positive free cash flow and remains in a solid liquidity position for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.14%
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earnings
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Rhea-AI Summary
Trinseo (NYSE: TSE) and its European affiliates have announced a 10% price increase for acrylic sheet products ALTUGLAS™ and OROGLAS™, effective for deliveries after February 1, 2024, as per existing agreements.
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End-of-Day
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Rhea-AI Summary
Trinseo (NYSE: TSE) will host a conference call to discuss its Q4 and full year 2023 financial results on February 13, 2024. The call will include comments from the President, CEO, CFO, and Director of Investor Relations. The company will distribute its financial results via press release on Business Wire and post them on its Investor Relations website. Registration for the call and webcast is open, and a replay will be available until February 13, 2025.
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earnings
Rhea-AI Summary
Trinseo (NYSE: TSE) inaugurates a PMMA depolymerization plant in Rho, Italy, scheduled to be commissioned in Q1 2024, marking a significant step towards reshaping the plastics ecosystem as part of the circular economy. The facility enables efficient recycling of PMMA-based materials, supporting the goal of circularity and promoting sustainability-driven innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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Rhea-AI Summary
Trinseo (NYSE: TSE) Authorizes Quarterly Dividend of $0.01 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
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dividends
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Rhea-AI Summary
Trinseo (NYSE: TSE) reported third quarter 2023 financial results with net sales decreasing 25% compared to the prior year. The company experienced lower sales volume and lower prices due to the pass-through of lower raw material costs. Net loss from continuing operations was $38 million, an increase of $80 million from the prior year. Adjusted EBITDA was $41 million, a $78 million increase from the prior year. Trinseo successfully refinanced its outstanding debt and announced the closure of its styrene plant in the Netherlands, which is expected to result in a profitability improvement of approximately $100 million in 2024.
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earnings
Rhea-AI Summary
Trinseo, a specialty material solutions provider, will discontinue operations at its ethylbenzene styrene monomer (EBSM) manufacturing facility in Terneuzen, the Netherlands, effective November 2023. The closure follows the company's previous closures of PMMA sheet operations in Denmark, New Mexico, and Italy. Trinseo expects annual cost savings of approximately $75 million from these initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.34%
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Rhea-AI Summary
Trinseo to host conference call to discuss Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
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earnings
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Rhea-AI Summary
Trinseo (NYSE: TSE) announces quarterly dividend of $0.01 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
Tags
dividends
Rhea-AI Summary
Trinseo obtains $1.077 billion in secured term loan financing, refinancing existing debt. Positive outlook for long-term value and partnerships with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.88%
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Trinseo PLC

NYSE:TSE

TSE Rankings

TSE Stock Data

158.38M
34.69M
1.66%
84.87%
2.12%
Plastics Material and Resin Manufacturing
Manufacturing
Link
US
Berwyn

About TSE

our company who we are trinseo is a world leader in the production of plastics, latex and rubber. a new kind of global materials company at the intersection of people, technology and customers. we are a new company built on seven decades of technology leadership. a company positioned to push the envelope for our customers and push great ideas as far as possible.