Trinseo reports Q3 net loss $118M; Adjusted EBITDA -$37M; full-year outlook lowered

Trinseo PLC

2022-Q3 EPS reported -$1.81 revenue$3,990,300,000

Net loss from continuing ops $118M (EPS -$3.35) vs prior year net income $79M (EPS $2.01).
Adjusted EBITDA negative $37M, down $210M YoY, including $24M unfavorable net timing impact.
Net sales $1,178M, down 7% YoY; volumes down 18% on destocking, price up 11%.
Full-year 2022 Adjusted EBITDA guidance lowered to $325M-$375M; expects similar Q4 conditions.
Base Plastics segment Adjusted EBITDA negative $15M vs positive $88M prior year on weak demand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Trinseo PLC reported the third quarter ended September 30, 2022 results: revenue $1,178, net income ($118), EPS ($3.35).

Period: the third quarter ended September 30, 2022
Revenue: $1,178
Net income: ($118)
EPS: ($3.35)
Result: reported results

Exact text from the filing

containing recycled materials increased 65% versus prior year Three Months Ended September 30, $millions, except per share data 2022 2021 Net Sales $ 1,178 $ 1,269 Net Income (Loss) from continuing operations (118) 79 Diluted EPS from continuing operations ($) (3.35) 2.01 Adjusted Net Income (Loss)* (103) 80 Adjusted EPS

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Source: SEC EDGAR

accession 0001558370-22-016010

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