Trinseo PLC (N:TSE)
Business Focus: Plastics
| Sector: Basic Materials | Industry: Commodity Chemicals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 440 East Swedesford Road, Suite 301 WAYNE PA 19087 |
| Tel: | 1-610-2403221 |
| Website: | https://www.trinseo.com |
| IR: | See website |
| Key People | ||
| Frank A. Bozich President, Chief Executive Officer, Director | Bregje Roseboom Van Kessel Senior Vice President - Plastics Solutions | David Stasse Chief Financial Officer, Executive Vice President |
| Paula M. Cooney Chief Human Resource Officer, Senior Vice President | Han Hendriks Senior Vice President, Chief Technology Officer | Angelo N. Chaclas Senior Vice President, Chief Legal Officer, Chief Compliance Officer, Company Secretary |
| James Ni Senior Vice President - Latex Binders | Francesca Reverberi Senior Vice President, Chief Sustainability Officer | Rainer R. Schewe Senior Vice President - Supply Chain Services | Timothy J. Thomas Senior Vice President - Manufacturing and Operations Excellence |
| Business Overview |
| Trinseo PLC is a specialty material solutions provider. Its segments include Engineered Materials, Latex Binders, Base Plastics, Polystyrene, Feedstocks, and Americas Styrenics. The Engineered Materials segment includes its compounds and blends products sold into higher growth and value applications, such as consumer electronics and medical, as well as soft thermoplastic elastomers (TPEs) products. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders. The Base Plastics segment consists of a variety of compounds and blends. The Polystyrene segment includes a variety of general-purpose polystyrenes (GPPS) and polystyrene that has been modified with polybutadiene rubber. The Feedstocks segment includes its production and procurement of styrene monomer outside of North America, which is used as a raw material in various products. The Americas Styrenics segment is a producer of both styrene monomer and polystyrene in North America. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Trinseo PLC revenues decreased 26% to $3.68B. Net loss before extraordinary items increased 64% to $701.3M. Revenues reflect Polystyrene segment decrease of 32% to $743.2M, Latex Binders segment decrease of 25% to $939.1M. Higher net loss reflects Interest expense, net - Balancing value increase of 67% to $188M (expense), Goodwill impairment charges increase of 17% to $349M (expense). |
| Employees: | 3,100 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,141M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,675M as of Dec 31, 2023 |
| EBITDA (TTM): | $120.90M as of Dec 31, 2023 |
| Net annual income (TTM): | -$701.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | $61.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,039M as of Dec 31, 2023 |
| Shares outstanding: | 35,263,561 as of Feb 20, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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