Trinseo Plc Stock Price, News & Analysis

Trinseo (NYSE: TSE) has announced its expected fourth quarter 2021 financial results, projecting a net income from continuing operations of $1 million to $3 million and Adjusted EBITDA of $129 million to $135 million. Despite facing challenges like rising European natural gas prices and a styrene production outage, the company expects to generate significant cash flow. For the full year 2021, net income is expected between $279 million and $281 million, which is below prior guidance. Trinseo also anticipates a strong start to 2022, forecasting net income from continuing operations of $294 million to $332 million.

Trinseo (NYSE: TSE) has successfully completed the acquisition of Heathland B.V., a prominent recycler of post-consumer and post-industrial plastic waste based in the Netherlands. This strategic move aligns with Trinseo’s commitment to advancing a circular economy and enhancing its sustainability efforts. Heathland's expertise in mechanical and chemical recycling will provide Trinseo access to high-quality recycled raw materials essential for various high-end applications. Trinseo aims to incorporate these capabilities into its operations, promoting sustainability and supporting its 2030 sustainability goals.

Trinseo (NYSE: TSE) has expanded its styrenics portfolio to include bio-attributed materials, offering STYRON™, MAGNUM™, and TYRIL resins with renewable content of 80-95%. These products align with sustainability goals and provide equivalent performance to traditional fossil-based materials. The new CO₂RE™ materials significantly reduce carbon footprints, with reductions ranging from 57% to 93% compared to fossil equivalents. Trinseo's efforts highlight its commitment to sustainable solutions and circularity in materials production.

Trinseo (NYSE: TSE) has announced a definitive agreement to acquire Heathland B.V., a leading European collector and recycler of post-consumer and post-industrial plastic waste. This strategic acquisition aims to enhance Trinseo's capabilities in sustainable materials and strengthen its commitment to a circular economy. Heathland specializes in processing various thermoplastic wastes into high-quality recycled materials for advanced applications. The deal aligns with Trinseo's 2030 Sustainability Goals, further supporting the company's growth in sustainable solutions.

Trinseo (NYSE: TSE) has announced a buyback program of up to $200 million in ordinary shares, valid for 18 months, reflecting strong cash generation and an expected low net leverage ratio. In addition, the Board approved a quarterly dividend of $0.32 per share, payable on January 20, 2022 to record shareholders as of January 6, 2022. CEO Frank Bozich emphasized that the share repurchase is aimed at enhancing shareholder value.

Trinseo (NYSE: TSE) has completed the sale of its synthetic rubber business to Synthos S.A. for an enterprise value of approximately $491 million. The cash purchase price stands at $402.4 million, alongside the assumption of $41.6 million in pension liabilities. After transaction-related costs, net cash proceeds are expected to be around $400 million. This divestiture is part of Trinseo's strategy to transition into a higher margin and less cyclical specialty materials provider, following recent acquisitions and plans to divest its styrenics businesses.

Trinseo (NYSE: TSE) reported a robust third quarter for 2021, with net income from continuing operations at $79 million and diluted EPS at $2.01, reflecting an 87% increase in net sales to $1.27 billion. Adjusted EBITDA reached $173 million, showing significant growth compared to the prior year. The company increased its quarterly dividend to $0.32 per share and successfully acquired Aristech Surfaces, enhancing its PMMA offerings. Trinseo also plans a major divestiture of its styrenics businesses in early 2022, aiming to focus on specialty materials.

Trinseo (NYSE: TSE) announced Paula Cooney as the new Senior Vice President and Chief Human Resources Officer, effective November 29, 2021. Cooney replaces Alice Heezen, who is leaving the company. Cooney brings extensive HR experience from FLIR Systems and H.B. Fuller, enhancing Trinseo's leadership as it shifts focus to become a specialty solutions provider. This leadership change is pivotal as Trinseo aims for robust business processes and a culture ready for transformation, critical to achieving its strategic objectives.

Trinseo (NYSE: TSE), a global materials solutions provider, will host a conference call on November 8, 2021, at 10 a.m. Eastern Time to discuss its third quarter financial results. CEO Frank Bozich and CFO David Stasse will lead the call, which will include a Q&A session. The financial results will be released on November 5, 2021, after market close, and will be available on the company’s Investor Relations website. A replay of the call will be accessible until November 8, 2022.