trinseo annual report 2022trinseo annual report 2022

Trinseo - Investor Relations - Financials - Annual Reports. This amount varies from the Companys available liquidity stated in its press release announcing preliminary fourth quarter 2022 results, dated January 26, 2023, based on the completion of financial covenant calculations under its debt agreements. The replay will be available until August 9, 2023. Trinseo Revenue: Annual, Quarterly, and Historic - Zippia Restructuring and other charges for the 2021 periods primarily relate to employee termination benefit charges as well as contract termination charges incurred in connection with the Companys transformational and corporate restructuring programs. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Trinseo will host a conference call to discuss its fourth quarter and full year 2022 financial results on Thursday, Februrary 9, 2023 at 10 a.m. Eastern Time. As a result, it may be difficult to use these or similarly-named financial measures that other companies may use, to compare the performance of those companies to our performance. We compensate for these limitations by providing reconciliations of these performance measures to our net income, which is determined in accordance with GAAP. This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Trinseo (NYSE: TSE) a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers. Trinseo S.A. (TSE) 10K Annual Reports & 10Q SEC Filings - Last10K.com ___________________ Other companies in our industry may define Free Cash Flow differently than we do. By providing your email address, you are providing consent to Trinseo to send you the requested Investor Email Alert updates. Bern, 26.06.2023 - The totally revised Data Protection Act, including its implementing legislation, comes into force on 1 September 2023. Class Period: March 9, 2022 - March 10, 2023 Lead Plaintiff Deadline: June 20, 2023 Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company . *For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Income (Loss), all of which are non-GAAP measures, to Net Income (Loss), as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below. Such measures are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance or liquidity, as applicable. Additional variances were mainly from lower volume and margin caused by weak underlying demand, customer destocking and increased imports from Asia. However, our results improved sequentially as we made proactive operating decisions that will continue to reduce our exposure to cyclical commodity markets. As a result, it may be difficult to use this or similarly-named financial measures that other companies may use, to compare the liquidity and cash generation of those companies to our own. *For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Income, all of which are non-GAAP measures, to Net Income, as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below. There are limitations to using the financial performance measures noted above. Amount for the three months ended March 31, 2022 exclude accelerated depreciation of $2.2 million, related to the shortening of the useful life of certain IT assets related to the Companys transition to a new ERP system. The definitions of each of these measures, further discussion of usefulness, and reconciliations of non-GAAP measures to GAAP measures are provided in the Notes to Condensed Consolidated Financial Information presented herein. These decreases were primarily due to lower margins in Feedstocks and Polystyrene as well as lower sales volume. Trinseo revenue is $5.0B annually. Trinseo - AnnualReports.com For the same reasons discussed above, we are providing the following reconciliation of forecasted cash provided by operations and cash used for capital expenditures to forecasted Free Cash Flow for the year ended December 31, 2022. Trinseo Reports Second Quarter 2022 Financial Results and Updates Full ________________________________ Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its second quarter 2022 financial results. Due to the significant interest we saw during the process, we anticipate a successful separation of these assets when the market conditions improve. Acquisition purchase price hedge gain for the three months ended June 30, 2021 was due to the change in fair value of the Companys forward currency hedge arrangement that economically hedges the euro-denominated purchase price of the acquisition of the PMMA business. These increases were partially offset by lower volumes across several segments mainly from lower demand to building & construction, automotive, appliance and consumer electronics applications, including the impact of COVID-19 lockdowns in China. *For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Income, all of which are non-GAAP measures, to Net Income, as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below. Other items for the three months ended June 30, 2022 and 2021 primarily relate to fees incurred in conjunction with certain of the Companys strategic initiatives. We refer to EBITDA in making operating decisions because we believe it provides our management as well as our investors with meaningful information regarding the Companys operational performance. The income tax expense (benefit) related to these items was determined utilizing either (1) the estimated annual effective tax rate on our ordinary income based upon our forecasted ordinary income for the full year or, (2) for items treated discretely for tax purposes we utilized the applicable rates in the taxing jurisdictions in which these adjustments occurred. The forward-looking statements included in this press release are made only as of the date hereof. Ranking NFL 2023 'Triplets,' Part I: Cardinals have worst group For those interested in asking questions during the Q&A session, please register using the following link: For those interested in listening only, please register for the webcast using the following link: After registering for the conference call, you will receive a confirmation email with a meeting invitation and information for entry. If you experience any issues with this process, please contact us for further assistance. These measures are also used to manage our business and assess current period profitability, as well as to provide an appropriate basis to evaluate the effectiveness of our pricing strategies. FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2021 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36473 Trinseo PLC News Details View all news Trinseo Reports Fourth Quarter and Full-Year 2022 Financial Results; Provides Full-Year 2023 Guidance February, 08, 2023 Full-Year 2022 Summary Net loss from continuing operations of $428 million and diluted EPS from continuing operations of negative $11.91 Reconciling items to Adjusted Net Income (j), EPS from continuing operations - diluted ($). Corporate News. We also believe that Free Cash Flow provides management and investors with useful analytical indicators of our ability to service our indebtedness, pay dividends (when declared), and meet our ongoing cash obligations. These charges for the 2022 periods were primarily related to the shortening of the useful life of certain assets related to the asset restructuring plan. Trinseo's revenue growth from 2013 to 2022 is -6.44%. 2022 Full-Year Outlook. Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics and latex binders, today reported its first quarter 2022 financial results. The Company will also furnish copies of the financial results press release and presentation slides to investors by means of a Form 8-K filing with the U.S. Securities and Exchange Commission. As such, we do not separately report net sales of Americas Styrenics within our condensed consolidated statements of operations. Trinseo Chemical Recycling Plant on Track | Business Wire A replay of the conference call and transcript will be archived on the Companys Investor Relations website shortly following the conference call. Results also included a $26 million unfavorable net timing variance as well as a $15 million unfavorable impact from natural gas hedging. Joe Kent's Reel Report every evening. Trinseo - Investor Relations - Financials - SEC Filings Dina Pokedoff PDF SVGML/AR/Reg.34/16 AGM 23.06 - BSE (formerly Bombay Stock Exchange) These are all factors which could have a significant impact on the calculation of EPS and Adjusted EPS during actual future periods. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully execute our business and transformation strategy; increased costs or disruption in the supply of raw materials; increased energy costs; our ability to successfully generate cost savings and increase profitability through asset restructuring initiatives; compliance with laws and regulations impacting our business; conditions in the global economy and capital markets; and those discussed in our Annual Report on Form 10-K, under Part I, Item 1A "Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. Trinseo has posted its fourth quarter and full year 2022 financial results on the Companys Investor Relations website. Net Income (Loss) from continuing operations, Diluted EPS from continuing operations ($). Sustainability Our future-oriented materials power ideas and innovation, including the ever-increasing demand for sustainable solutions like materials that enable light-weighting of cars while also maintaining safety and strength, and life-saving medical devices with chemical and impact resistance. As a result of these or other factors, our actual results, performance or achievements may differ materially from those contemplated by the forward-looking statements. Trinseo (NYSE: TSE), a specialty material solutions provider, today announced that it has closed on the sale of its land, buildings and equipment in Matamoros, Mexico to Plaskolite. We believe these measures are useful for investors and management in evaluating business trends and performance each period. Email: aemyers@trinseo.com. July, 13, 2022 BERWYN, Pa.-- (BUSINESS WIRE)-- Trinseo (NYSE: TSE), a specialty material solutions provider, announced the release of its 2022 Sustainability & Corporate Social Responsibility (CSR) Report which showcases the Company's transformational journey throughout 2021 and accelerated the progress toward its 2030 Sustainability Goals. Tel : +1 610-240-3307 Trinseo Reports Second Quarter 2022 Financial Results and Updates Full-Year Outlook Second Quarter 2022 and Other Highlights Net income from continuing operations of $37 million and diluted. Trinseo has posted its second quarter 2022 financial results on the Companys Investor Relations website. Andy MyersTel: +1 610-240-3221Email:aemyers@trinseo.com. Im very proud of our employees who have enacted a number of measures to combat this difficult landscape including ensuring raw material supply and adapting our commercial model to more accurately capture input cost volatility. Net income (loss) from discontinued operations, Net gain on disposition of businesses and assets, Selling, general, and administrative expenses; Other expense, net, Selling, general, and administrative expenses, Acquisition transaction and integration net costs (b), Cost of goods sold; Selling, general, and administrative expenses, Acquisition purchase price hedge loss (c), Acquisition purchase price hedge (gain) loss, Asset impairment charges or write-offs (d), European Commission request for information (e). Trinseo Reports Second Quarter 2022 Financial Results and Updates Full-Year Outlook August, 08, 2022 Second Quarter 2022 and Other Highlights Net income from continuing operations of $37 million and diluted EPS from continuing operations of $1.00 Biz Buzz. Commenting on the Companys first quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, We had a solid start to the year with first quarter earnings similar to last year despite operating in a more challenging business environment as geopolitical factors in Europe pressure supply chains, customer production and energy costs in the region. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section. Trinseo does not currently have any hardcopy reports on AnnualReports.com. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Were confident in the talent of our employees, our ability to generate cash and in our liquidity position to navigate a subdued economic environment while delivering on our transformation strategy.. MOST RECENT 2021 Annual Report and Form 10K Report Locked. We also believe that Free Cash Flow provides management and investors with useful analytical indicators of our ability to service our indebtedness, pay dividends (when declared), and meet our ongoing cash obligations. Adjusted Net Income is calculated as Adjusted EBITDA (defined beginning with net income from continuing operations, above), less interest expense, less the provision for income taxes and depreciation and amortization, tax affected for various discrete items, as appropriate. Our updated outlook reflects a continuation of these conditions through the remainder of the year as well as the current styrene production outages at our Terneuzen site and AmStys St. James site, which we anticipate will impact results by approximately $35 million. As such, for the forecasted full year ended December 31, 2022, we have not included estimates for these items. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility and increased costs or disruption in the supply of raw materials; increased energy costs or costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; the outcome of the European Commissions request for information; and those discussed in our Annual Report on Form 10-K, under Part I, Item 1A "Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. Bragar Eagel & Squire, P.C. Reminds Investors That Class - GlobeNewswire __________________________ Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Class Period: May 10, 2022 - March 16, 2023 Lead Plaintiff Deadline: June 23, 2023 On March 15, 2023, LivePerson issued a press release announcing its fourth quarter 2022 financial results. Well look to make further progress on our growth platforms including material substitution applications as well as products containing recycled or bio-based materials. Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers. As such, for the forecasted full year ended December 31, 2023, we have not included estimates for these items. ___________________ Trinseo - Trinseo Reports First Quarter 2022 Financial Results and Achieving the Initiative's ambitious goal requires a whole-of-government approach and other departments and agencies . Trinseo (NYSE: TSE): EPS from continuing operations (Diluted) ($). Acquisition transaction and integration net costs for the three months ended June 30, 2022 and 2021 primarily relate to expenses incurred for the Companys acquisition and integration of the PMMA business and Aristech Surfaces Acquisitions. Measure L CBOC Releases 2022 Annual Report | Cuesta College | San Luis PDF Trinseo Annual Report 2022 - StockLight Acquisition transaction and integration net costs for the three months ended March 31, 2022 and 2021 primarily relate to expenses incurred for the Companys acquisition and integration of the PMMA business and Aristech Surfaces Acquisitions. As a result of these or other factors, our actual results, performance or achievements may differ materially from those contemplated by the forward-looking statements. There are limitations to using the financial performance measures noted above. Restructuring and other charges for the 2022 periods primarily relate to employee termination benefit charges as well as decommissioning and other charges incurred in connection with the Companys asset restructuring plan. Net income (loss) from discontinued operations, Net gain on disposition of businesses and assets, Selling, general, and administrative expenses, Acquisition transaction and integration net costs (a), Cost of goods sold; Selling, general, and administrative expenses, Acquisition purchase price hedge loss (b), European Commission request for information (c), Selling, general, and administrative expenses; Other expense, net, Provision for income taxes - Adjusted (e), Depreciation and amortization - Adjusted (f). We refer to EBITDA in making operating decisions because we believe it provides our management as well as our investors with meaningful information regarding the Companys operational performance. This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. In addition to using standard measures of performance and liquidity that are recognized in accordance with accounting principles generally accepted in the United States of America (GAAP), we use additional measures of income excluding certain GAAP items (non-GAAP measures), such as Adjusted Net Income, EBITDA, Adjusted EBITDA and Adjusted EPS and measures of liquidity excluding certain GAAP items, such as Free Cash Flow. Weighted average shares calculated for the purpose of forecasting EPS and Adjusted EPS do not forecast significant future share transactions or events, such as repurchases, significant share-based compensation award grants, and changes in the Companys share price. Fourth quarter net loss from continuing operations of $364 million was $365 million below prior year and Adjusted EBITDA of $6 million was $127 million below prior year. See Note on Forward-Looking Statements above for a discussion of the limitations of these forecasts. Trinseo | Trinseo Reports Fourth Quarter and Full-Year 2022 Financial The Company filed Audited Annual Report with BSE Ltd. for the FY2020-21 within the stipulated time. Amounts for the 2022 periods relate to the PMMA business and Aristech Surfaces reporting units goodwill impairment charge resulting from annual impairment testing. Higher prices resulted in a 14% increase mainly due to the pass through of higher raw material costs as well as the addition of the acquired PMMA and Aristech Surfaces businesses within the Engineered Materials segment.