secwatch.observer — SEC 8-K summary
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Issuer:     Trinseo PLC (TSEOF)
CIK:        0001519061
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001558370-24-011104
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinseo Q2 net loss $68M, sales -4%, Adj EBITDA $67M; Q3 guidance Adj EBITDA $65-$75M
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- Net loss $68M (EPS -$1.92); Adjusted Net Loss $52M (Adj EPS -$1.46); Net sales $920M, -4% YoY.
- Adj EBITDA $67M (unfavorable net timing $10M), up $10M YoY; Q3 adj EBITDA guidance $65-$75M.
- Cash from ops -$42M; capex $14M; FCF -$56M; end cash $108M (restricted $2M); new AR securitization to Jan 2028.
- Engineered Materials: sales +12% to $230M, Adj EBITDA $25M (+$13M); Plastics Solutions Adj EBITDA -$8M to $16M.
- AmSty joint sale process begins Q3, expected definitive agreement H1 2025; opened PMMA depolymerization plant in Italy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519061/000155837024011104/0001558370-24-011104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519061/000155837024011104/tse-20240806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer