NYSE$TSEOF
Trinseo Plc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Trinseo's fourth quarter results were impacted by lower sales volume and a non-cash impairment charge.
Trinseo reported a net sales decrease of 25% compared to the prior year, primarily due to lower sales volume across all segments. The company experienced a net loss from continuing operations of $364 million, which included a $297 million non-cash impairment charge. Adjusted EBITDA was $6 million, significantly lower than the prior year, influenced by weak demand, customer destocking, and increased imports from Asia.
- Net sales decreased 25% year-over-year due to lower sales volume.
- Net loss from continuing operations was $364 million, including a $297 million non-cash impairment charge.
- Adjusted EBITDA was $6 million, impacted by unfavorable net timing and natural gas hedging.
- Company began implementing asset restructuring initiatives, expecting a $60 million profitability improvement.
Headline financials
Revenue & EPS history
Trinseo · Revenue · Quarterly
$975M
Revenue by segment
Trinseo · $460M total across 2 segments · Q4 2022
- Latex Binders$255M-16.5%55.4%
- Engineered Materials$205M-26.0%44.6%
Forward guidance
Trinseo anticipates continued challenging demand conditions in early 2023, but expects destocking to end soon. They expect first quarter sales volumes to be seasonally stronger than fourth quarter with continued improvement through the year as demand in China recovers and energy prices in Europe moderate.
Tailwinds
- Expectation of destocking ending early in the year
- Anticipation of stronger sales volumes in Q1 compared to Q4
- Continued sales volume improvement through the year
- Recovery of demand in China
- Moderation of energy prices in Europe
Headwinds
- Underlying demand expected to remain challenged
- Completion of asset restructuring initiatives
- Focus on growth platforms including material substitution applications
- Focus on products containing recycled or bio-based materials
- Ability to generate cash and strong liquidity position
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 Q4 2022
-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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