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.
News about Trinseo PLC (NYSE: TSE) focuses on its role as a specialty material solutions provider and manufacturer of plastics and latex binders, as well as on developments that affect its financial performance and capital structure. Company press releases and SEC-related announcements cover topics such as quarterly financial results, restructuring plans, product initiatives and interactions with the New York Stock Exchange’s continued listing standards.
Investors following TSE news will see regular earnings releases in which Trinseo reports net sales, net loss, Adjusted EBITDA, Free Cash Flow and segment performance for Engineered Materials, Latex Binders and Polymer Solutions, along with equity income from Americas Styrenics. These updates often include commentary on demand trends in building and construction, consumer goods, medical and mobility applications, as well as the impact of competitive pricing pressure and restructuring savings.
Another important category of news involves restructuring and operational changes, particularly in Europe. Trinseo has announced plans to permanently close MMA and ACH production operations in Italy while continuing PMMA operations and a depolymerization pilot facility, and to close polystyrene production in Schkopau, Germany while consolidating production in Tessenderlo, Belgium. These actions are described as intended to improve profitability and reduce capital expenditures over time.
Trinseo news also highlights sustainability and circular materials initiatives, such as the availability of STYRON polystyrene, MAGNUM ABS and TYRIL SAN resins produced with chemically recycled styrene monomer obtained through depolymerization of polystyrene household packaging waste. In addition, capital allocation decisions, including the suspension of the quarterly dividend, and disclosures about NYSE notices regarding minimum market capitalization and share price standards appear in the company’s news flow.
By monitoring this news stream, readers can follow how Trinseo communicates its financial results, restructuring progress, product developments and listing status, as well as how it describes demand conditions across its key end markets.
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.
Trinseo (NYSE: TSE) has announced a quarterly dividend of $0.32 per share, payable on April 21, 2022. Shareholders of record as of April 7, 2022 will receive this cash distribution. The company, a global provider of materials solutions, reported $4.8 billion in net sales for 2021 and operates 26 manufacturing sites worldwide. Trinseo emphasizes sustainability and innovation across various industries including automotive and consumer electronics.
Trinseo (NYSE: TSE) reported strong financial results for 2021, with net income from continuing operations of $280 million and diluted EPS of $7.07. The company achieved an Adjusted EBITDA of $729 million and Free Cash Flow of $329 million. In Q4 2021, net income was $1 million with diluted EPS of $0.04. Full-year net sales increased by 76% to $4.8 billion, driven by higher pricing and acquisitions. The company expects a net income of $294 million to $332 million for 2022, reflecting healthy demand and ongoing transformation efforts.
Trinseo (NYSE: TSE), a global materials company, is rapidly advancing plans for a new chemical recycling plant in Belgium. The facility, set to begin construction by the end of 2022, will focus on recycled polystyrene (rPS) to meet rising demand for sustainable materials. It aims to process 15 kilotons of rPS flakes annually, converting them into high-quality recycled styrene. The project aligns with Trinseo's commitment to sustainability and circularity in plastics, leveraging technologies from Synova and Worley.
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