trinseo annual report 2022

As a result, it may be difficult to use this or similarly-named financial measures that other companies may use, to compare the liquidity and cash generation of those companies to our own. PDF ANNUAL REPORT 2022-2023 JUNE 2023 - U.S. Agency for International We will continue to invest in our global recycling capabilities to provide our customers with a greater scope of circular product options. May 10, 2023. Weighted average shares calculated for the purpose of forecasting EPS and Adjusted EPS do not forecast significant future share transactions or events, such as repurchases, significant share-based compensation award grants, and changes in the Companys share price. 30th Annual Report 2022/2023: New law strengthens the FDPIC. These are all factors which could have a significant impact on the calculation of EPS and Adjusted EPS during actual future periods. Acquisition transaction and integration net costs for the three months ended March 31, 2022 and 2021 primarily relate to expenses incurred for the Companys acquisition and integration of the PMMA business and Aristech Surfaces Acquisitions. Trinseo (NYSE: TSE) a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers. Free Cash Flow is not intended to represent cash flows from operations as defined by GAAP, and therefore, should not be used as alternatives for that measure. Yes No Indicate by check mark if the registrant is You must click the activation link in order to complete your subscription. Commenting on the Companys second quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, We delivered solid second quarter results in a challenging operating environment that is forcing both Trinseo and our customers to contend with issues including cautious spending in Europe from an uncertain geopolitical situation and significantly higher energy costs, COVID-19 lockdowns in China, and persistent supply chain constraints including a lack of semiconductor chips. Measure L CBOC Releases 2022 Annual Report | Cuesta College | San Luis Trinseo - Trinseo Reports Fourth Quarter and Full-Year 2022 Financial Bern, 26.06.2023 - The totally revised Data Protection Act, including its implementing legislation, comes into force on 1 September 2023. Registration is open through the live call, but it is advised that you register in advance to ensure you are connected for the full call. The replay will be available until Februrary 9, 2024. The three months ended June 30, 2022 also include costs related to our transition to a new enterprise resource planning system. The presentation slides will also be made available in the webcast player prior to the conference call. There are limitations to using the financial performance measures noted above. The replay will be available until August 9, 2023. Such measures are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance or liquidity, as applicable. For the same reasons discussed above, we are providing the following reconciliation of forecasted cash provided by operations and cash used for capital expenditures to forecasted Free Cash Flow for the year ended December 31, 2023. The 2022 and 2021 periods also include charges related to the shortening of the useful life of certain IT assets related to the Companys transition to a new enterprise resource planning system. We compensate for these limitations by providing reconciliations of these performance measures to our net income, which is determined in accordance with GAAP. We remain focused on our transformation to a specialty material and sustainable solutions provider, including progressing on the sale process of the Styrenics businesses. Acquisition transaction and integration net costs for the three months ended June 30, 2022 and 2021 primarily relate to expenses incurred for the Companys acquisition and integration of the PMMA business and Aristech Surfaces Acquisitions. This amount varies from the Companys available liquidity stated in its press release announcing preliminary fourth quarter 2022 results, dated January 26, 2023, based on the completion of financial covenant calculations under its debt agreements. Additional variances were mainly from lower volume and margin caused by weak underlying demand, customer destocking and increased imports from Asia. Trinseo Closes on Sale of Mexico Manufacturing Facility to Plaskolite By providing your email address, you are providing consent to Trinseo to send you the requested Investor Email Alert updates. Well look to make further progress on our growth platforms including material substitution applications as well as products containing recycled or bio-based materials. Additionally, elevated energy prices in Europe, weak demand in China and easing shipping constraints created a temporary arbitrage window for lower-cost imports from Asia into Europe. We compensate for these limitations by providing reconciliations of these performance measures to our net income, which is determined in accordance with GAAP. For the same reasons discussed above, we are providing the following reconciliation of forecasted net income to forecasted Adjusted EBITDA and Adjusted EPS for the full year ended December 31, 2022. The forward-looking statements included in this press release are made only as of the date hereof. PDF Ref. No. AAVAS/SEC/2023-24/329 To, BSE Limited Bandra Kurla Complex __________________________ These decreases were primarily due to lower margins in Feedstocks and Polystyrene as well as lower sales volume. Trinseo will host a conference call to discuss its first quarter 2022 financial results on Thursday, May 5, 2022 at 10 a.m. Eastern Time. However, there was a minor printing error, which was rectified and the Annual Report was filed again. Joe Kent's Reel Report every evening. Amount for the three months ended June 30, 2022 and 2021 exclude accelerated depreciation of $0.9 million and $0.7 million, respectively, related to the shortening of the useful life of certain IT assets related to the Companys transition to a new enterprise resource planning system. We refer to EBITDA in making operating decisions because we believe it provides our management as well as our investors with meaningful information regarding the Companys operational performance. We refer to EBITDA in making operating decisions because we believe it provides our management as well as our investors with meaningful information regarding the Companys operational performance. We believe that Free Cash Flow provides an indicator of the Companys ongoing ability to generate cash through core operations, as it excludes the cash impacts of various financing transactions as well as cash flows from business combinations that are not considered organic in nature. You can sign up for additional alert options at any time. Trinseo PDF SVGML/AR/Reg.34/16 AGM 23.06 - BSE (formerly Bombay Stock Exchange) As such, for the forecasted full year ended December 31, 2022, we have only included known reconciling items incurred through the six months ended June 30, 2022. In doing so, we are providing management, investors, and credit rating agencies with an indicator of our ongoing performance and business trends, removing the impact of transactions and events that we would not consider a part of our core operations. PDF Adani Total Gas Limited Integrated Annual Report 2022-23 Adjusted Net Income is calculated as Adjusted EBITDA (defined beginning with net income from continuing operations, above), less interest expense, less the provision for income taxes and depreciation and amortization, tax affected for various discrete items, as appropriate. Trinseo Announces Fourth Quarter and Full-Year 2022 Expected Results EBITDA is a non-GAAP financial performance measure, which is defined as income from continuing operations before interest expense, net; income tax provision; depreciation and amortization expense. Restructuring and other charges for the 2021 periods primarily relate to employee termination benefit charges as well as contract termination charges incurred in connection with the Companys transformational and corporate restructuring programs. Other companies in our industry may define Free Cash Flow differently than we do. The presentation slides will also be made available in the webcast player prior to the conference call. ___________________ Free Cash Flow is defined as cash from operating activities, less capital expenditures. Reconciling items to Adjusted EBITDA and Adjusted Net Income are not typically forecasted by the Company based on their nature as being primarily driven by transactions that are not part of the core operations of the business and, as a result, cannot be estimated without unreasonable cost or uncertainty. Note 3: Reconciliation of Non-GAAP Liquidity Measures to Cash from Operations. Trinseos approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the companys locations in North America, Europe, and Asia Pacific. To opt-in for investor email alerts, please enter your email address and select at least one alert option. Trinseo will distribute its fourth quarter 2022 financial results via press release on Business Wire and post the release and presentation slides on the Company's Investor Relations website on. Free Cash Flow is defined as cash from operating activities, less capital expenditures. Trinseo - Trinseo Reports First Quarter 2022 Financial Results and We also believe that Free Cash Flow provides management and investors with useful analytical indicators of our ability to service our indebtedness, pay dividends (when declared), and meet our ongoing cash obligations. Trinseo PLC Form 10-K Annual Report For the Fiscal Year Ended December 31, 2022 Unless otherwise indicated or required by context, as used in this Annual Report on Form 10-K ("Annual Report"), the term "Trinseo" refers to Trinseo PLC (NYSE: TSE), a public limited company existing under the laws of Ireland, and not its subsidiaries. MOST RECENT 2021 Annual Report and Form 10K Report Locked. Email: aemyers@trinseo.com. BERWYN, Pa--(BUSINESS WIRE)-- By providing your email address, you are providing consent to Trinseo to send you the requested Investor Email Alert updates. Amounts for the 2022 periods relate to the PMMA business and Aristech Surfaces reporting units goodwill impairment charge resulting from annual impairment testing. Annual Performance Report for 2022 | World Food Programme We also present Adjusted EBITDA as a non-GAAP financial performance measure, which we define as income from continuing operations before interest expense, net; income tax provision; depreciation and amortization expense; loss on extinguishment of long-term debt; asset impairment charges; gains or losses on the dispositions of businesses and assets; restructuring charges; acquisition related costs and benefits, and other items. Free Cash Flow is defined as cash from operating activities, less capital expenditures. Trinseo NYSE: TSE $14.78 + 0.27 ( 1.86% ) Vol: 62,634 Market Cap: 519.46M. I want to commend our employees for navigating these challenging business conditions while delivering another exemplary year of EH&S performance as well as staying focused on our growth programs including those in specialty applications and products containing recycled materials., Fourth Quarter Results and Commentary by Business Segment. From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical. Press Contact: There are limitations to using the financial performance measures noted above. * The results of this segment are comprised entirely of earnings from Americas Styrenics, our 50%-owned equity method investment. Other companies in our industry may define these performance measures differently than we do. PDF Fourth Quarter 2021 Financial Results & 2022 Outlook Home SEC Filings Trinseo S.A. (TSE) 10-K Annual Report Wed Feb 23 2022 Earnings Release Earnings Release Financial Exhibit Financial Exhibit New Costs Other Events Earnings Release Financial Exhibit Earnings Release Earnings Press Release 10-K Annual Report 10-K YoY Changes Annual Proxy Trinseo S.A. CIK: 1519061 Ticker: TSE Partially offsetting this expense was an $8.5 million benefit from the release of a valuation allowance in one of our subsidiaries in Luxembourg. Receive Laura Elder's . Net sales in the second quarter increased 12% versus prior year. The year ended December 31, 2021 excludes $14.1 million of tax benefit, primarily related to the release of a valuation allowance for the Companys subsidiaries in China. Lastly, we present Adjusted Net Income and Adjusted EPS as additional performance measures. Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Were confident in the talent of our employees, our ability to generate cash and in our liquidity position to navigate a subdued economic environment while delivering on our transformation strategy.. BSE took the resubmission date as original date of submission and levied a fine of Rs. We also believe that Free Cash Flow provides management and investors with useful analytical indicators of our ability to service our indebtedness, pay dividends (when declared), and meet our ongoing cash obligations. Adjusted to remove the tax impact of the items noted within the table above. ___________________ Trinseo Reports Second Quarter 2022 Financial Results and Updates Full-Year Outlook Second Quarter 2022 and Other Highlights Net income from continuing operations of $37 million and diluted. Trinseo has posted its second quarter 2022 financial results on the Companys Investor Relations website. Restructuring and other charges for the 2022 periods primarily relate to employee termination benefit charges as well as decommissioning and other charges incurred in connection with the Companys asset restructuring plan. Higher prices from the passthrough of higher input costs resulted in an 11% increase which was more than offset by a 13% decrease caused by lower volumes, mostly in the second half of the year. We anticipate first quarter sales volumes will be seasonally stronger than fourth quarter with continued improvement through the year as demand in China recovers and energy prices in Europe moderate which will hinder significant import opportunities from Asia., Bozich continued, During 2023 well focus on completing our asset restructuring initiatives which we expect will improve results in 2023 and position us well when normal order patterns resume. Trinseo S.A. (TSE) 10-K Annual Report February 2022 - Last10K.com Trinseo will host a conference call to discuss its second quarter 2022 financial results on Tuesday, August 9, 2022 at 10 a.m. Eastern Time. February 07, 2022 08:00 AM Eastern Standard Time BERWYN, Pa.-- ( BUSINESS WIRE )-- Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics and latex binders announced that. After submitting your request, you will receive an activation email to the requested email address. The dashboard provides an overview of WFP's programme performance at the global, regional and country level. Trinseo does not currently have any hardcopy reports on AnnualReports.com. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Trinseo has reached its limit for free report views. Plan your fishing trips with Capt. Trinseo has posted its first quarter 2022 financial results on the Companys Investor Relations website. Trinseo - AnnualReports.com Full-year 2022 net loss from continuing operations of $126 million to $91 million and Adjusted EBITDA of $325 million to $375 million. Trinseo Scores Applaudable CDP Ratings in both Climate Change Disclosure & Supplier Engagement. Achieving the Initiative's ambitious goal requires a whole-of-government approach and other departments and agencies . Second quarter net income from continuing operations of $37 million was $96 million below prior year and Adjusted EBITDA of $164 million was $75 million lower than the Companys record performance in the prior year. These performance measures are not intended to represent net income or other measures of financial performance. Note 3: Reconciliation of Non-GAAP Liquidity Measures to Cash from Operations. We believe the use of EBITDA as a metric assists our board of directors, management and investors in comparing our operating performance on a consistent basis. The replay will be available until May 5, 2023.

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