Trinseo expects Q4 net loss ~$365M, goodwill impairment $297M, Adj EBITDA $4-9M

Trinseo PLC

2022-FY EPS reported -$11.99 revenue$4,965,500,000

Q4 net loss $362M-$367M from continuing ops; includes $297M pre-tax non-cash goodwill impairment.
Adjusted EBITDA $4M-$9M for Q4; full-year 2022 Adj EBITDA $309M-$314M vs prior guidance $325M-$375M.
Cash from ops $32M-$37M; free cash flow negative $22M-$17M; includes $34M EC settlement payment.
Impairment related to PMMA and Aristech Surfaces goodwill; caused by challenging macro, lower demand, and market cap decline.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Trinseo PLC reported Full-year ended December 31, 2022 results: net income Net loss from continuing operations of $432 million to $427 million. Guidance lowered.

Period: Full-year ended December 31, 2022
Net income: Net loss from continuing operations of $432 million to $427 million
Guidance: lowered
Result: preliminary results

Exact text from the filing

Full-Year 2022 Expected Results ● Net loss from continuing operations of $432 million to $427 million and Adjusted EBITDA* of $309 million to $314 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Trinseo PLC reported Fourth quarter and year ended December 31, 2022 results: net income Net loss from continuing operations of $367 million to $362 million (Q4); Net loss from continuing operations of $432 mi. Guidance lowered.

Period: Fourth quarter and year ended December 31, 2022
Net income: Net loss from continuing operations of $367 million to $362 million (Q4); Net loss from continuing operations of $432 mi
Guidance: lowered
Result: preliminary results

Exact text from the filing

Fourth Quarter 2022 Expected Results ● Net loss from continuing operations of $367 million to $362 million and Adjusted EBITDA* of $4 million to $9 million

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Source: SEC EDGAR

accession 0001558370-23-000629

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