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  • May 8, 2024

      Show headlines and story abstract
    • 7:08PM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: TSE

      By Adam L. Cataldo

      Trinseo said it now expects to see benefits from the turnaround at Americas Styrenics and as it enters what is typically a seasonally stronger period for many of its building and construction applications.
    • 4:31PM ET on Wednesday May 08, 2024 by MT Newswires
      Companies Mentioned: TSE
      04:31 PM EDT, 05/08/2024 (MT Newswires) -- ...
    • 4:19PM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: TSE
      (b) Other items for the 2024 and 2023 periods primarily relate to fees incurred in conjunction with certain of the Company's strategic initiatives, as well as costs related to our transition to a new enterprise resource planning system. (c) Adjusted to remove the tax impact of the items noted within the table above. The income tax expense (benefit) related to these items was determined utilizing either (1) the estimated annual effective tax rate on our ordinary income based upon our forecasted ordinary income for the full year or, (2) for items treated discretely for tax purposes we utilized the applicable rates in the taxing jurisdictions in which these adjustments occurred. (d) Amounts for the three months ended March 31, 2024 and 2023 excludes accelerated depreciation of $1.3 million and $2.7 million, respectively. The 2024 period charges are primarily related to the shortening of the useful life of certain assets related to the asset optimization and corporate restructuring plan. The 2023 period charges are primarily related to the shortening of the useful life of certain assets related to the asset restructuring plan as well as charges related to the shortening of the useful life of certain IT assets related to the Company's transition to a new enterprise resource planning system.
    • 4:15PM ET on Wednesday May 08, 2024 by Business Wire
      Companies Mentioned: TSE

      Trinseo (NYSE: TSE):

      *For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Loss, all of which are non-GAAP measures, to Net Loss, as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below.

    • 4:15PM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: TSE
      determined utilizing either (1) the estimated annual effective tax rate on our ordinary income based upon our forecasted ordinary income for the full year or, (2) for items treated discretely for tax purposes we utilized the applicable rates in the taxing jurisdictions in which these adjustments occurred. (d) Amounts for the three months ended March 31, 2024 and 2023 excludes accelerated depreciation of $1.3 million and $2.7 million, respectively. The 2024 period charges are primarily related to the shortening of the useful life of certain assets related to the asset optimization and corporate restructuring plan. The 2023 period charges are primarily related to the shortening of the useful life of certain assets related to the asset restructuring plan as well as charges related to the shortening of the useful life of certain IT assets related to the Company's transition to a new enterprise resource planning system.

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