NYSE$TSEOF
Trinseo Plc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Trinseo reported a net loss of $87 million and adjusted EBITDA of $66 million for Q3 2024.
Trinseo's Q3 2024 results showed a net loss of $87 million, but an improved adjusted EBITDA of $66 million compared to the previous year. The company's net sales reached $868 million, slightly below the prior year. Restructuring initiatives and moderation of European input costs contributed to profitability improvements.
- Net loss was $87 million, including $26 million in pre-tax restructuring charges, with an EPS of negative $2.47.
- Adjusted EBITDA reached $66 million, $25 million higher than the previous year.
- Free Cash Flow was negative $3 million, showing a sequential improvement of $53 million.
- Cash at the end of Q3 was $167 million, with $177 million in additional available liquidity.
Headline financials
Revenue & EPS history
Trinseo · Revenue · Quarterly
$868M
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 sequentially lower Adjusted EBITDA due to year-end seasonality, but still higher than the prior year, and anticipates positive free cash flow in Q4 due to seasonal working capital improvements.
Tailwinds
- Adjusted EBITDA expected to be higher than the prior year due to restructuring benefits.
- Free cash flow expected to turn positive due to seasonal working capital improvements.
- Restructuring actions including consolidation of business management and support-function roles.
- Decision to exit virgin polycarbonate production at the Stade facility.
- Expects benefits from restructuring initiatives
Headwinds
- Adjusted EBITDA expected to be sequentially lower due to year-end seasonality.
- Low demand persists in many end markets.
- Timing of a broad market improvement is uncertain.
- Challenging macroeconomic backdrop.
- Fourth quarter 2024 net loss of $81 million to $71 million
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 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro