NYSE$TSEOF
Trinseo Plc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Trinseo's financial performance declined with a net loss, but adjusted EBITDA improved due to restructuring initiatives and positive momentum in Engineered Materials.
Trinseo reported a net loss of $68 million for Q2 2024, with an EPS of negative $1.92. However, the company's adjusted EBITDA improved to $67 million, driven by positive momentum in Engineered Materials and the impact of restructuring initiatives. The company is also pursuing a joint sale process for AmSty.
- Net loss of $68 million and EPS of negative $1.92.
- Adjusted EBITDA of $67 million, including a $10 million unfavorable impact from net timing.
- Free Cash Flow was negative $56 million, including a $12 million increase in working capital.
- Entered into a new Accounts Receivable Securitization Facility that extends the maturity date to January 2028.
Headline financials
Revenue & EPS history
Trinseo · Revenue · Quarterly
$920M
Revenue by segment
Trinseo · $408M total across 2 segments · Q3 2023
- Latex Binders$222M-34.9%54.4%
- Engineered Materials$186M-23.4%45.6%
Forward guidance
Trinseo expects market conditions and Adjusted EBITDA in the third quarter to be similar to the second quarter.
Tailwinds
- Normalized MMA market dynamics continue to support healthy margins in Engineered Materials.
- Seasonal improvements in building and construction applications are expected to continue through the third quarter.
- Seasonal improvements in consumer electronics applications are expected to continue through the third quarter.
- Free cash flow is expected to turn positive in the second half of the year.
- Continuing higher profitability and typical seasonal working capital improvements.
Headwinds
- Third quarter 2024 net loss of $42 million to $52 million
- Third quarter 2024 Adjusted EBITDA of $65 million to $75 million
- Market conditions are expected to be similar to the second quarter.
- Reconciling items to Adjusted EBITDA and Adjusted Net Income (Loss) are not typically forecasted by the Company based on their nature as being primarily driven by transactions that are not part of the core operations of the business
- Cannot be estimated without unreasonable cost or uncertainty.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-1.4%
Avg return
Earnings day
-3.4%
Avg return
5 days after
-5.3%
Avg return
30 days after
51%
25 / 49 earnings
Positive
+16.0%
Q1 2024
Best reaction
-34.9%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -16.7% | -16.7% | -91.7% | |
| Q4 2025 | +0.0% | +0.0% | -3.6% | |
| Q3 2025 | -2.4% | -9.5% | -47.1% | |
| Q1 2025 | -34.9% | -42.0% | -27.7% | |
| Q4 2024 | +6.9% | +18.5% | -11.2% | |
| Q3 2024 | -8.9% | -13.4% | +5.9% | |
| Q2 2024 | -3.2% | -3.6% | +44.2% | |
| Q1 2024 | +16.0% | -7.2% | -3.4% | |
| Q4 2023 | -16.8% | -18.0% | -10.8% | |
| Q3 2023 | +2.9% | -6.2% | +1.0% | |
| Q2 2023 | -8.4% | -18.0% | -35.7% | |
| Q1 2023 | +2.4% | -13.9% | -17.0% | |
| Q4 2022 | -12.7% | +7.8% | -5.6% | |
| Q3 2022 | +8.5% | +20.6% | +20.0% | |
| Q2 2022 | -12.9% | -7.5% | -26.0% | |
| Q1 2022 | -5.8% | -12.1% | -4.4% | |
| Q4 2021 | +9.0% | +9.0% | -9.3% | |
| Q3 2021 | -4.2% | -5.2% | -11.5% | |
| Q2 2021 | -7.1% | -3.3% | -4.1% | |
| Q1 2021 | +0.3% | +0.0% | -1.3% | |
| Q4 2020 | -1.0% | +6.2% | +25.1% | |
| Q3 2020 | +15.5% | +23.0% | +35.4% | |
| Q2 2020 | -11.6% | -12.8% | +3.2% | |
| Q1 2020 | +3.8% | +6.9% | +38.4% | |
| Q4 2019 | -3.5% | -2.7% | -34.2% | |
| Q3 2019 | +2.8% | +4.0% | -19.0% | |
| Q2 2019 | -7.3% | -9.1% | +10.1% | |
| Q1 2019 | +7.3% | +2.8% | -14.9% | |
| Q4 2018 | +0.6% | +4.4% | -5.1% | |
| Q3 2018 | -6.6% | -24.7% | -22.3% | |
| Q2 2018 | +2.1% | +7.7% | +5.7% | |
| Q1 2018 | +0.7% | +1.4% | +2.8% | |
| Q4 2017 | -2.7% | +1.0% | -6.8% | |
| Q3 2017 | +1.5% | -0.1% | -0.2% | |
| Q2 2017 | -7.7% | -9.9% | -3.5% | |
| Q1 2017 | -8.2% | -6.7% | -2.1% | |
| Q4 2016 | -0.5% | -0.8% | -7.8% | |
| Q3 2016 | -4.3% | -5.1% | +12.4% | |
| Q2 2016 | -0.7% | +2.1% | +16.2% | |
| Q1 2016 | +3.4% | — | — | |
| Q4 2015 | +6.3% | — | — | |
| Q3 2015 | +3.1% | — | — | |
| Q2 2015 | +7.6% | — | — | |
| Q1 2014 | +2.5% | — | — | |
| Q1 2015 | +7.7% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q2 2014 | +2.4% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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