NYSE$TSEOF
Trinseo Plc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Trinseo's third quarter results were reported, with net income significantly exceeding the prior year due to higher margins and cost reduction.
Trinseo reported Q3 2020 financial results with net sales of $752 million, a decrease of 18% year-over-year. Net income was $106 million, and Adjusted EBITDA was $102 million, both exceeding the prior year. The company saw a strong recovery in demand across several sectors, including automotive and construction.
- Net income reached $106 million, with a diluted EPS of $2.75.
- Adjusted EBITDA stood at $102 million, which included a $2 million favorable impact from net timing, and Adjusted EPS was $2.87.
- Cash from operations in the third quarter was reported as $52 million, with a Free Cash Flow of $39 million, and cash and cash equivalents at quarter-end totaled $503 million.
- Market conditions improved, and actions taken in response to COVID-19, such as reduced capital spending and operating expenses, contributed to the positive results.
Headline financials
Revenue & EPS history
Trinseo · Revenue · Quarterly
$752M
Revenue by segment
Trinseo · $183M total across 1 segment · Q3 2020
- Latex Binders$183M—100.0%
Forward guidance
Trinseo anticipates demand momentum to continue through October and is cautiously optimistic that this trend will extend to the year's end. The company expects to maintain a strong balance sheet and liquidity, enabling further investments in high-margin applications and polystyrene circularity.
Tailwinds
- Demand momentum continued in October
- Company is cautiously optimistic that the demand will continue through the end of the year
- Expects to end the year with a strong balance sheet
- Expects to end the year with a strong liquidity position
- Will continue to invest in areas that will provide value to our shareholders
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 Q3 2020
-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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