Trinseo Q3 net loss $38M, cuts 2023 Adjusted EBITDA guidance to $175-185M

Trinseo PLC

2023-Q3 EPS reported -$12.42 revenue$2,837,900,000

Net loss from continuing ops $38M (diluted EPS -$1.09); adjusted net loss $36M (adj. EPS -$1.03).
Net sales $879M, down 25% YoY; Adjusted EBITDA $41M vs -$37M prior year.
Full-year 2023 outlook lowered: net loss $509-499M, Adjusted EBITDA $175-185M (prior ~$215M).
Expects ~$100M profitability improvement in 2024 from cost actions and lower gas hedge losses.
Refinanced 2024 term loan and $385M of 2025 Senior Notes; cash $279M.

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 0.95

Trinseo PLC reported Full-year 2023 results: net income $509 million to $499 million. Guidance lowered.

Period: Full-year 2023
Net income: $509 million to $499 million
Guidance: lowered
Result: guidance update

Exact text from the filing

Full-year 2023 net loss from continuing operations of $509 million to $499 million and Adjusted EBITDA of $175 million to $185 million (prior outlook of net loss from continuing operations of approximately $460 million and Adjusted EBITDA of approximately $215 million†).

View on SEC.gov

Browse all earnings releases →

Trinseo PLC filing history →

Source: SEC EDGAR

accession 0001558370-23-017600

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.