Trinseo Plc Stock Price, News & Analysis

Trinseo (NYSE: TSE) has partnered with CEDAP to supply recycled polystyrene (rPS) for yogurt cups of the French brand Les 300 Laitiers Bio since April 2022. Utilizing Trinseo's STYRON™ CO₂RE™ CR55 resin, which contains 55% recycled content, CEDAP produces PS sheets that are thermoformed for final products. All involved companies are ISCC+ mass balance certified, ensuring sustainable practices. A lifecycle analysis revealed that using rPS can reduce CO₂ emissions by 75%. This collaboration underscores Trinseo's commitment to sustainability and innovation in materials.

Trinseo (NYSE: TSE) and GMP Group announce a collaboration to enhance the circularity of polystyrene (PS) through a new recycling plant in the Netherlands, expected to start in 2024. This partnership aims to purify PS waste and produce high-quality recycled PS pellets, supporting sustainability goals. The plant will have a minimum capacity of 25kt. Both companies will also explore further supply and processing opportunities to develop sustainable solutions. Trinseo reported net sales of approximately $4.8 billion in 2021, reinforcing its commitment to innovative material solutions.

Trinseo (NYSE: TSE) has initiated a partnership with Atos to leverage Atos' digital solution for monitoring the carbon footprint of Trinseo's product portfolio. This initiative aims to enhance carbon transparency and support Trinseo's goal of achieving net-zero emissions. The partnership will utilize a product carbon footprint (PCF) calculation tool developed by BASF, aligning with ISO standards. The pilot project will automate carbon footprint assessments, starting with key products, thereby streamlining the current manual process.

Trinseo (NYSE: TSE) has declared a quarterly dividend of $0.32 per share, payable on July 21, 2022, to shareholders recorded as of July 7, 2022. With approximately $4.8 billion in net sales in 2021, Trinseo is a key player in global materials solutions, focusing on sustainable products across various sectors such as automotive and consumer electronics. The company operates 26 manufacturing sites and one recycling facility, employing around 3,400 individuals worldwide.

Trinseo (NYSE: TSE) reported a 41% increase in net sales for Q1 2022, reaching $1.39 billion, driven by higher raw material prices and new acquisitions. However, net income from continuing operations fell to $17 million, down from $66 million year-over-year, largely due to a $36 million pre-tax charge related to the European Commission's investigation. Adjusted EBITDA was $178 million, a slight decrease from the previous year. The company projects full-year net income between $174 million and $211 million and Adjusted EBITDA between $625 million and $675 million, amid ongoing production outages affecting results.

Trinseo PLC (NYSE: TSE) reported ongoing cooperation with the European Commission regarding styrene monomer activities in the European Economic Area. The company responded to a Request for Information and recorded a reserve of $36 million in Q1 2022 as a precautionary measure. Trinseo, a global material solutions provider, achieved approximately $4.8 billion in net sales in 2021 and operates 26 manufacturing sites worldwide. The company is focused on sustainability and innovation across various industries.

Trinseo (NYSE: TSE), a global materials solutions provider, will host a conference call on May 5, 2022, at 10 a.m. ET, to discuss its first quarter financial results. The call will feature comments from CEO Frank Bozich and CFO David Stasse, followed by a Q&A session. The financial results will be released on May 4, 2022, after market close, and will be available on the Company’s Investor Relations website. A replay of the call will also be accessible until May 5, 2023.

Trinseo (NYSE: TSE) announces the creation of two new Executive Leadership positions: Chief Technology Officer (CTO) and Chief Commercial Officer (CCO), effective March 1. André Lanning will step into the CCO role, focusing on enhancing commercial excellence and identifying growth opportunities. Trinseo aims to become a specialty solutions provider, emphasizing innovation and customer-centric strategies. The company generated approximately $4.8 billion in net sales in 2021 and operates 26 manufacturing sites worldwide.