Trinseo S.A., a materials company, manufactures and markets various emulsion polymers and plastics. It operates through four segments: Latex, Synthetic Rubber, Performance Plastics, and Basic Plastics and Feedstocks. The company’s principal products include styrene-butadiene latex and styrene-acrylate latex; solution styrene butadiene rubber, lithium polybutadiene rubber, emulsion styrene butadiene rubber, and nickel polybutadiene rubber; polystyrene, acrylonitrile butadiene styrene, and styrene acrylonitrile; and polycarbonate compounds and blends, and polypropylene compounds. Its products are used in tires and other products for automotive applications, carpet and artificial turf backing, ...
1000 Chesterbrook Boulevard
Berwyn, PA 19312
Trinseo S.A. Announces Executive Changes
Nov 18 15
Trinseo S.A. announced that on November 18, 2015, the company announced that John A. Feenan, the company's Executive Vice President and Chief Financial Officer, has elected to leave the company to pursue other opportunities, effective December 31, 2015. Effective immediately, Christopher D. Pappas, the company's President and Chief Executive Officer, will serve as interim Chief Financial Officer until a replacement has been selected. Mr. Feenan will continue to assist the company in an advisory capacity for the remainder of 2015. Additionally, Ryan Leib, the company's Corporate Controller, will serve as principal accounting officer on an interim basis until a
replacement has been selected.
Trinseo SA Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Year 2015
Nov 4 15
Trinseo SA reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales of $1,027,952,000 against $1,305,493,000 a year ago. Operating income was $93,958,000 against $29,390,000 a year ago. Income before income taxes was $73,255,000 against loss before income taxes of $6,460,000 a year ago. Net income was $52,055,000 or $1.06 per diluted share against net loss of $10,110,000 or $0.21 per basic and diluted share a year ago. EBITDA was $115.8 million against $51.5 million a year ago. Adjusted EBITDA was $116.2 million against $61.6 million a year ago. Adjusted net income was $52.3 million against $0.5 million a year ago. Adjusted EPS was $1.07 against $0.01 a year ago.
For the nine months, the company reported net sales of $3,074,890,000 against $4,005,560,000 a year ago. Operating income was $314,208,000 against $116,519,000 a year ago. Income before income taxes was $137,115,000 against loss before income taxes of $15,795,000 a year ago. Net income was $90,515,000 or $1.85 per diluted share against net loss of $37,645,000 or $0.90 per basic and diluted share a year ago. Cash provided by operating activities was $205,705,000 against $1,661,000 a year ago. Capital expenditures were $79,088,000 against $69,269,000 a year ago.
For the year 2015, the expects full year adjusted EBITDA to be between $485 and $495 million, a record for Trinseo. Free cash flow to be from $270 to $290 million, excluding the $69 million call premium related to the refinancing in the second quarter, and record adjusted EPS of $4.50 to $4.70. For 2015, the company now expect CapEx of about $110 million and cash taxes of approximately $55 million.
Trinseo SA to Report Q3, 2015 Results on Nov 04, 2015
Oct 19 15
Trinseo SA announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Nov 04, 2015