8-K
filed February 12, 2024, 6:59 PM ET
ticker TSEOF
CIK 0001519061
earnings
confidence high
sentiment negative
materiality 0.80
Trinseo reports FY2023 net loss $701M, Adj EBITDA $154M; Q1 2024 outlook $40-50M Adj EBITDA
Trinseo PLC
2023-FY EPS reported
-$19.88
revenue$3,675,400,000
- FY2023 net loss from cont ops $701M includes $349M goodwill impairment, $160M deferred tax valuation allowance; Adj EBITDA $154M (FY2022: $312M).
- Q4 2023 net sales $837M (-14% YoY); Adj EBITDA $20M (up from $6M in Q4 2022).
- Cash from ops $149M, capex $70M => FCF $79M; year-end cash $259M, up $47M YoY.
- Q1 2024 outlook: net loss $77-67M; Adj EBITDA $40-50M; CEO expects Q1 to be low point of year.
- Restructuring actions expected to drive ~$100M sequential profitability improvement in 2024.
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 fourth quarter ended December 31, 2023 results: revenue 837, net income -265, EPS -7.53.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- 837
- Net income
- -265
- EPS
- -7.53
- Result
- reported results
Exact text from the filing
gas hedging Three Months Ended Year Ended December 31, December 31, $millions, except per share data 2023 2022 2023 2022 Net Sales $ 837 $ 975 $ 3,675 $ 4,966 Net Loss from continuing operations (265) (364) (701) (428) Diluted EPS from continuing operations ($) (7.53) (10.42) (19.88) (11.91)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Trinseo PLC reported year ended December 31, 2023 results: revenue 3675, net income -701, EPS -19.88.
- Period
- year ended December 31, 2023
- Revenue
- 3675
- Net income
- -701
- EPS
- -19.88
- Result
- reported results
Exact text from the filing
Three Months Ended Year Ended December 31, December 31, $millions, except per share data 2023 2022 2023 2022 Net Sales $ 837 $ 975 $ 3,675 $ 4,966 Net Loss from continuing operations (265) (364) (701) (428) Diluted EPS from continuing operations ($) (7.53) (10.42) (19.88) (11.91) Adjusted Net
View on SEC.gov
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