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Dec 31, 2019
Trinseo Q4 2019 Earnings Report
Fourth quarter and full year 2019 financial results were reported.
Key Takeaways
Trinseo reported a decrease in net sales for the fourth quarter, primarily due to lower prices and volumes. Net income increased compared to the prior year, while Adjusted EBITDA decreased. The company focused on cost structure improvements and working capital optimization.
Net sales decreased 17% versus prior year.
Net income of $6 million was $7 million above prior year.
Adjusted EBITDA of $59 million was $6 million below prior year.
The Company repurchased approximately 0.5 million shares in the fourth quarter for approximately $21 million.
Revenue by Segment
Forward Guidance
Full-year outlook assumes market conditions that are similar to those in the second half of 2019. Full-year 2020 net income of $95 million to $112 million and earnings per diluted share of $2.40 to $2.84
Positive Outlook
- Business Excellence program
- Improved cost structure from the recent restructuring
- Focus on the growth areas of our portfolio
Challenges Ahead
- Market conditions similar to the second half of 2019
- Lower year-over-year styrene margins
- Lower demand from our customers in China due to delayed plant startups following Chinese New Year
- Estimate of the first quarter impact in our full-year outlook
Historical Earnings Impact
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Avg. Return Before/After Earnings
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