Trinseo Plc Stock Price, News & Analysis

Trinseo (NYSE: TSE) announced a quarterly dividend of $0.08 per share, payable on April 22, 2021, to shareholders of record as of April 8, 2021. This dividend is subject to a 15% withholding tax under Luxembourg law, which Trinseo will deduct before payment. The company emphasizes tax considerations for shareholders, advising them to consult tax advisors regarding potential exemptions. Trinseo achieved approximately $3.0 billion in net sales in 2020, showcasing its strong market position in materials solutions.

Trinseo (NYSE: TSE) reported its Q4 and full-year 2020 financial results, revealing a 3% decrease in net sales for Q4 to $860 million and a 20% drop for the full year to $3.036 billion. Adjusted EBITDA for Q4 was $149 million, significantly higher than the previous year, while full-year net income fell to $8 million. The company is optimistic about 2021, expecting net income between $167 million and $200 million, and plans to strengthen its position through strategic investments and an upcoming acquisition of Arkema's MMA/PMMA business.

Trinseo (NYSE: TSE), a global materials solutions provider, announced it will host a conference call on February 4, 2021, at 10 a.m. ET to discuss its fourth quarter and full year 2020 financial results. CEO Frank Bozich and CFO David Stasse will lead the discussion, followed by a Q&A session. Interested participants can register for the call or webcast, with details available on the company's Investor Relations website. The financial results will be released on February 3, 2021, after market close, and a replay of the call will be accessible until February 4, 2022.

Trinseo (NYSE: TSE) has authorized a quarterly dividend of $0.08 per share, to be distributed on January 21, 2021, to shareholders on record by January 7, 2021. This dividend is subject to a 15% withholding tax under Luxembourg law, with the possibility of exemptions for certain shareholders. Trinseo is committed to delivering sustainable products across various markets, with net sales of approximately $3.8 billion in 2019 and a workforce of 2,700 employees globally.

Trinseo (NYSE: TSE) announced its binding agreement to acquire Arkema's PMMA and MMA businesses, enhancing its portfolio in high-margin markets like automotive and construction.

This strategic move aims to generate $50 million in annual pretax synergies by 2023 and $25 million in IT-related savings. The transaction will be funded primarily through existing cash, with an expected net leverage ratio in the mid-3x area upon closing. Trinseo's Q4 2020 outlook includes a projected net income of $58-$68 million, driven by strong demand recovery in various markets.

Trinseo (NYSE: TSE) has inaugurated a new Thermoplastic Elastomers (TPE) pilot facility in Hsinchu, Taiwan, marking a significant advancement in its growth strategy for TPEs. This facility enhances local production capabilities for custom-engineered TPE and thermoplastic urethanes (TPU) aimed at the Asia-Pacific market. Built to accelerate innovation in response to megatrends like telemedicine, the facility supports Trinseo's sustainability goals, targeting that 40% of its portfolio comprises sustainably sourced materials by 2030.

Trinseo (TSE) reported its Q3 2020 results with net sales of $752 million, an 18% decrease year-over-year, primarily due to lower raw material costs. Net income surged to $106 million, up from $22 million in Q3 2019, and diluted EPS rose to $2.75 from $0.56. The company's performance was bolstered by a $50 million tax benefit and cost reduction initiatives, leading to an Adjusted EBITDA of $102 million, up 14% from 2019. Looking forward, Trinseo anticipates continuing demand recovery and plans to focus on higher-margin applications.

Trinseo (TSE) has finalized agreements with Tyre Recycling Solutions (TRS) for a commercial collaboration and equity investment. This partnership aims to enhance sustainable tire manufacturing and reduce environmental impact. Trinseo will benefit from TRS’s technology for processing end-of-life tires, contributing to its sustainability goals. The collaboration aligns with Trinseo's 2030 Sustainability Goals, focusing on climate change and responsible operations. The transaction is expected to close this quarter, pending standard conditions.

Trinseo (NYSE: TSE) announced its estimated third-quarter 2020 financial performance, projecting net income between $102 million and $109 million and Adjusted EBITDA between $100 million and $104 million. This reflects a strong demand recovery, particularly in automotive, construction, and appliance sectors, following the COVID-19 pandemic's initial impact. The company reported that third-quarter volumes in key segments were comparable to the prior year with improved margins. A conference call to discuss earnings is scheduled for November 6, 2020.