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Trinseo PLC - $TSE STOCK NEWS

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

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.

News
Trinseo Reports Third Quarter 2023 Financial Results and Updates 2023 Outlook
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
earnings
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News
Trinseo Completes Strategic Network Optimization Initiative with Closure of Terneuzen, the Netherlands Styrene Manufacturing Operations
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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none
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News
Trinseo Announces Release Date and Conference Call for its Third Quarter 2023 Financial Results
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%
Tags
earnings
News
Trinseo Announces Quarterly Dividend of $0.01 Per Share
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
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News
Trinseo Announces Completion of Transaction to Refinance $660 million 2024 Term Loan and $385 million of 2025 Senior Notes
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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none
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News
Trinseo Reports Second Quarter 2023 Financial Results, Announces Additional Restructuring Initiatives and Updates 2023 Outlook
Rhea-AI Summary
Trinseo (NYSE: TSE) reported a net loss of $349 million and diluted EPS of negative $9.93 for the second quarter of 2023. The company also announced restructuring actions expected to result in annual cost savings of $70-90 million in 2024. Net sales decreased by 32% compared to the prior year, with lower sales volume and lower prices cited as contributing factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.9%
Tags
earnings
News
Introducing INDURO™ Acrylic Capped Sheet from Trinseo
Rhea-AI Summary
Trinseo launches INDURO™, a highly engineered continuous cast acrylic capped sheet designed as a durable material replacement for exterior panels in vehicles. It offers advantages in aesthetics, performance, and processability, with weather and UV resistance. INDURO™ provides exceptional gloss, chemical/scratch resistance, weatherability, and color fastness. It is uniformly pigmented, non-fading, and non-yellowing, making it suitable for harsh environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.74%
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none
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News
Trinseo Announces Executive Leadership Team Changes
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.35%
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management
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News
Trinseo Announces Release Date and Conference Call for its Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
earnings
News
Trinseo Releases 2023 Sustainability & Corporate Social Responsibility Report
Rhea-AI Summary
Trinseo, a specialty material solutions provider, has released its 2023 Sustainability & Corporate Social Responsibility Report. Key sustainability data for 2022 includes a 24% reduction in greenhouse gas emissions, a 10% decrease in freshwater intake, and an increase in renewable energy sources to 13%. The injury rate was reduced to 0.25 per 200,000 hours worked, compared to an industry average of 3.30.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
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none
Stock TSE logo
Trinseo PLC

NYSE:TSE

TSE Rankings

#4247 Ranked by Market Cap
#5094 Ranked by Stock Gains
#1680 Ranked by Dividends

TSE Stock Data

105.79M
34.70M
3.34%
84.19%
3.32%
Plastics Material and Resin Manufacturing
Manufacturing
Link
United States of America
WAYNE

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.