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.
Trinseo Plc (TSE) is a global leader in advanced materials manufacturing, producing polymers, latex, and rubber solutions for automotive, construction, and industrial applications. This page aggregates all official company announcements, press releases, and market updates to serve as a primary resource for stakeholders.
Access real-time updates on earnings reports, strategic partnerships, product innovations, and operational developments. Investors and industry professionals can efficiently track Trinseo’s market position, sustainability initiatives, and technological advancements through verified sources.
Content includes updates across Trinseo’s core segments: Latex Binders, Engineered Materials, and Polymer Solutions, with insights into R&D breakthroughs and regulatory compliance. Bookmark this page for streamlined access to critical updates influencing material science markets and Trinseo’s global operations.
Trinseo (NYSE: TSE) has launched new sustainably advantaged acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins under the MAGNUM™ ECO+, MAGNUM™ CR, and TYRIL™ CR trade names. These resins contain up to 60% chemically recycled styrene, potentially reducing carbon footprints by up to 18% compared to standard industrial grades. The MAGNUM™ ECO+ ABS is designed for the mobility industry, while MAGNUM™ CR and TYRIL™ CR target industrial and consumer goods applications. The new resins are drop-in solutions, compatible with existing processing equipment and conditions.
They will be introduced at the 2024 Plastics in Automotive Engineering Conference in Mannheim, Germany. The recycled styrene is derived from household waste and processed through the ISCC+ Mass Balance method, ensuring identical chemical composition to virgin styrene. This initiative aligns with EU directives on using post-consumer recycled plastics in mobility sectors.
Trinseo reported a net loss of $76 million and EPS of negative $2.14 in the first quarter of 2024. Adjusted EBITDA was $45 million, with a $13 million favorable impact from net timing. Cash used in operations was $66 million, resulting in Free Cash Flow of negative $82 million. The company extended the maturity date of its Accounts Receivable Securitization Facility and announced the potential closure of a production site in Stade, Germany. Net sales decreased by 9% compared to the prior year, driven by lower prices and sales volumes. Trinseo is optimistic about margin expansion in the second quarter, despite higher working capital costs in Q1.
FAQ
What is the current stock price of Trinseo Plc (TSE)?
What is the market cap of Trinseo Plc (TSE)?
