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Mar 31, 2022
Trinseo Q1 2022 Earnings Report
Reported first quarter earnings were impacted by geopolitical factors and supply chain pressures.
Key Takeaways
Trinseo reported a solid start to the year with first quarter earnings similar to last year, despite operating in a more challenging business environment. Net sales increased 41% versus prior year mainly due to higher prices and the addition of the acquired PMMA and Aristech Surfaces businesses within the Engineered Materials segment.
Net income from continuing operations of $17 million and diluted EPS from continuing operations of $0.45
Adjusted EBITDA of $178 million, including a $32 million favorable impact from net timing, and Adjusted Net Income of $79 million
Cash used in operations of $5 million and capital expenditures of $25 million resulted in Free Cash Flow of negative $30 million
Repurchased 909 thousand shares for $50 million
Revenue by Segment
Forward Guidance
Full-year 2022 net income of $174 million to $211 million and Adjusted EBITDA of $625 million to $675 million. Full-year 2022 cash from operations of approximately $355 million and Free Cash Flow of approximately $175 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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