earnings
confidence high
sentiment negative
materiality 0.82
Trinseo posts FY2022 net loss of $428M; Q4 includes $297M impairment; guides 2023 EBITDA $375-425M
Trinseo PLC
2022-FY EPS reported
-$11.99
revenue$4,965,500,000
- FY2022 net loss from continuing ops $428M, diluted EPS -$11.91; adjusted EBITDA $312M.
- Q4 net loss $364M (diluted EPS -$10.42) on $975M sales (-25% YoY); adjusted EBITDA $6M.
- Non-cash impairment of $297M on PMMA and Aristech Surfaces goodwill.
- Full-year 2023 guidance: Adjusted EBITDA $375-425M; cash from ops ~$100M; capex ~$100M.
- Restructuring includes closure of Boehlen styrene plant and one Stade PC line; expects $60M profit improvement.