Announcement • May 27
Trinseo PLC Filed for Bankruptcy Trinseo PLC, along with its 12 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on May 26, 2026. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Timothy Alvin Davidson, II of Hunton Andrews Kurth LLP, and George Klidonas of Latham & Watkins LLP as its legal counsels. The debtor also hired Alan Boyko of FTI Consulting, Inc. as its restructuring and financial advisor, Centerview Partners LLC as its investment banker, Kroll Restructuring Administration LLC as its claims and noticing agent, and Ernst & Young LLP as its tax auditor and tax accountant. Announcement • May 15
Trinseo PLC is Heading Towards Bankruptcy Trinseo PLC is heading towards bankruptcy, as of May 13, 2026. Company is expected to file a Chapter 11 bankruptcy petition in the coming weeks as it nears an agreement with existing creditors. The company is leading towards a bankruptcy proceeding under Chapter 11 with certain of its U.S. affiliates, and certain non-operating affiliates outside the U.S. in the United States Bankruptcy Court for the Southern District of Texas. The company is advised by Latham & Watkins LLP as legal advisor, Hunton Andrews Kurth LLP as co-counsel, Centerview Partners LLC as investment banker, and FTI Consulting as financial and communications advisor. Announcement • Mar 03
Trinseo PLC Receives Notice of NYSE Delisting and Trading Suspension of Ordinary Shares On March 2, 2026, Trinseo PLC received written notice from the New York Stock Exchange that the NYSE had determined to commence proceedings to delist the Company’s ordinary shares. As stated in the Notice, the NYSE reached its decision to delist the Company’s securities pursuant to Section 802.01B of the NYSE Listed Company Manual because the Company had fallen below the NYSE continued listing standard requiring listed companies to maintain an average market capitalization over a 30-trading day period of at least $15 million. The Notice also stated that trading in the Company’s ordinary shares would be suspended immediately. As previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 12, 2025, the Company received written notice from the NYSE that it was no longer in compliance with Section 802.01B of the NYSE Listed Company Manual due to the fact that the Company’s average total market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders’ equity was less than $50 million. In addition, the Company also received written notice from the NYSE indicating that it was not in compliance with the NYSE’s continued listing standard set forth in Section 802.01C because its average closing share price had fallen below $1.00 per share for 30 consecutive trading days. As stated in the Notice, the NYSE will file a Form 25 with the SEC to delist the Company’s ordinary shares from the NYSE upon completion of applicable procedures. The delisting will be effective 10 days after the filing of the Form 25. None of the Notice, suspension of trading or delisting from the NYSE is expected to affect the Company’s business operations, its relationships with partners or employees or its current SEC reporting obligations. Upon suspension of trading and delisting of the Company’s ordinary shares from the NYSE, transfers of ordinary shares will be subject to Irish stamp duty at a rate of 1% of the higher of the purchase price or the market value of the shares, unless an exemption or relief is available to the purchaser. The Company’s clearing and settlement agent, Depository Trust Company (“DTC”), has notified the Company that as a result of the application of Irish stamp duty it will cease clearing or settling trades in our ordinary shares and will transfer all positions to our transfer agent. Therefore, shareholders may not be able to continue to trade our ordinary shares without transferring their shares to another clearing and settlement agent, or into a registered position directly with the Company’s transfer agent. Announcement • Jan 20
Trinseo PLC Appoints Carol Flaton and Jill Frizzley as Independent Directors to Board, Effective January 16, 2026 Trinseo PLC announced that on January 16, 2026, the Board of Directors voted to increase the size of the Board to eleven members and appointed two new independent directors, Carol Flaton and Jill Frizzley, effective immediately. The Board determined that Ms. Flaton and Ms. Frizzley are independent directors in accordance with applicable New York Stock Exchange listing requirements and rules. Ms. Flaton has over 30 years of experience in banking & finance, transformation & restructuring, and governance & risk management. Since her retirement, Ms. Flaton has served as an independent director for multiple public and private companies, and currently serves on the board of QVC Group Inc. Ms. Frizzley currently serves as the president of Wildrose Partners LLC, an independent consulting company providing governance and related advisory services to multiple corporations. Ms. Frizzley also currently serves as a director for LanzaTechGlobal Inc. and has previously served as a director on numerous public and private boards. Ms. Frizzley has extensive corporate experience with complex corporate governance, strategic transactions, and business transformations. The new directors are considered independent according to New York Stock Exchange listing requirements, and they are subject to the company's standard form of indemnification agreement, which is filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission for the quarter ended on September 30, 2021, and which is incorporated by reference herein. There are no other arrangements or understandings between Ms. Flaton and Ms. Frizzley and any other persons pursuant to which each was selected as a director. Additionally, neither Ms. Flaton and Ms. Frizzley has any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Announcement • Dec 15
Trinseo Receives Non-Compliance Notice from NYSE Trinseo PLC announced that on December 12, 2025, the Company received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) informing the Company that it is not currently in compliance with Section 802.01B of the NYSE Listed Company Manual (the “minimum market capitalization standard”) because its 30 trade-day average market capitalization was less than the NYSE’s minimum market capitalization requirement of $50 million and Section 802.01C of the NYSE Listed Company Manual (the “minimum share price standard”) because the average closing price of its ordinary shares had fallen below $1.00 per share over a period of 30 consecutive trading days. The Notice has no immediate effect on the listing of the Company’s ordinary shares on the NYSE, nor does it affect the Company’s business operations or its Securities and Exchange Commission reporting requirements. Pursuant to NYSE rules, within 10 days of receipt of the Notice, the Company intends to notify the NYSE of its intention to regain compliance with the minimum share price standard within six months of receipt of the Notice, and of its intention, within 45 days from receipt of the Notice, to submit a plan advising the NYSE of the definitive actions it has taken or will take to regain compliance with the minimum market capitalization standard. If the NYSE approves the Company’s plan, the Company’s shares will continue to be listed and traded on the NYSE during an 18-month cure period, subject to compliance with other NYSE continued listing standards and quarterly monitoring by the NYSE. Announcement • Nov 07
Trinseo PLC Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2025 Trinseo PLC provided earnings guidance for the fourth quarter and full year ending December 31, 2025. For the quarter, the company expects
net loss of $170 million to $180 million. LPS diluted of $4.73 – $5.01.
For the year, the company expects net loss of $408 million to $418 million. Announcement • Oct 25
Trinseo PLC to Report Q3, 2025 Results on Nov 06, 2025 Trinseo PLC announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2025 Announcement • Oct 09
Trinseo Announces Availability of Polystyrene, Abs, and San for Sale Produced with Indaver' Chemically Recycled Monomer Through Depolymerization Trinseo announced it has started receiving chemically recycled styrene monomer (rSM) through depolymerization, from the newly operational recycling plant built by the Company's partner, Indaver. The plant is located in Antwerp, Belgium. It began production in August 2025 and uses polystyrene household packaging waste to recover the styrene monomer (SM). Trinseo's portfolio of STYRON™? Polystyrene resins, MAGNUM™? ABS resins, and TYRIL™? SAN resins can be manufactured with chemically recycled SM1 produced according to the mass balance principle. This means they are drop-in equivalentents of their fossil-based counterparts, including for food contact applications. For the STYRON™? polystyrene resins, the use of household packaging waste for depolymerization recycling means a step closer towards circularity. For example, a yogurt cup, with the right collection and processing infrastructure in place, could be recycled back into a similar dairy container. Along with food containers, theresins are suitable for refrigerator liners and parts, as well as food trays made of expanded polystyrene. MAGNUM™? resins are suitable for household items such as toys or furniture, as well as automotive interior & exterior parts, while TYRIL™? SAN Resins can be used for personal care goods or appliance water tanks. The PS, ABS and SAN made with rSM complement Trinseo's broader portfolio of bio, dissolution, and other sustainably advantaged materials. Trinseo has established a tool that provides cradle-to gate Product Carbon Footprint (PCF) information for different grades, allowing the company to share with interested parties specific information about the products' CO2 footprint. Announcement • Oct 06
Trinseo PLC Announces Closure of MMA Production Facilities in Italy and Potential Closure of Polystyrene Production Facility in Germany Trinseo PLC announced a series of strategic plans aimed at further optimizing its operations, enhancing cash flow generation and strengthening long-term profitability. These measures reflect the Company’s commitment to focused capital allocation and value creation in a dynamic global environment. Closure of MMA Production Facilities in Italy: The Company will permanently close its methyl methacrylate (“MMA”) production operations at its Rho, Italy facility and its acetone cyanohydrin (“ACH”) production operations in Porto Marghera, Italy. ACH is a precursor to MMA. Moving forward, the Company will source MMA feedstock from third-party producers, ensuring continuity of supply while improving overall cost to produce downstream products. Trinseo will continue its polymethyl methacrylate (“PMMA”) operations along with its recently opened depolymerization pilot facility in Rho. The Company will work closely with the Works Council, unions, and government officials to ensure alignment with respect to all legal requirements associated with this process. The closures are anticipated to be completed by the end of the year and expected to result in annualized profitability improvement of approximately $20 million and an annual reduction in capital expenditures of approximately $10 million. In addition, the Company announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its polystyrene (“PS”) production at its Schkopau, Germany production site and the intention to consolidate remaining PS production into its Tessenderlo, Belgium location. If an agreement is reached, this action is expected to result in annualized profitability improvement of $10 million. Announcement • Aug 07
Trinseo PLC Provides Earnings Guidance for the Year Ending December 31, 2025 Trinseo PLC provided earnings guidance for the year ending December 31, 2025. For the year, the company expects Full-year 2025 net loss of approximately $320 million. LPS - diluted of $8.96. Announcement • Jul 11
Trinseo PLC to Report Q2, 2025 Results on Aug 06, 2025 Trinseo PLC announced that they will report Q2, 2025 results at 5:00 PM, US Eastern Standard Time on Aug 06, 2025 Announcement • Jun 26
Trinseo Announces Quarterly Dividend, Payable on July 24, 2025 Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.01 per ordinary share. The dividend will be a cash distribution payable on July 24, 2025, to shareholders of record as of July 10, 2025. Announcement • May 08
Trinseo PLC Provides Earnings Guidance for the Second Quarter of 2025 Trinseo PLC provided earnings guidance for the second quarter of 2025. For the period, the company expected net loss of $61 million to $46 million. Announcement • Apr 23
Trinseo PLC to Report Q1, 2025 Results on May 07, 2025 Trinseo PLC announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Apr 21
Trinseo PLC, Annual General Meeting, Jun 25, 2025 Trinseo PLC, Annual General Meeting, Jun 25, 2025. Location: simmonscourt road, ballsbridge, d04 a9k8, dublin Ireland Announcement • Feb 28
Trinseo PLC Announces Quarterly Dividend, Payable on April 24, 2025 Trinseo PLC announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on April 24, 2025, to shareholders of record as of the close of business on April 10, 2025. Announcement • Jan 31
Trinseo PLC to Report Q4, 2024 Results on Feb 12, 2025 Trinseo PLC announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 12, 2025 Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. Independent Director Victoria Brifo was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 22
Trinseo Announces Quarterly Dividend, Payable on January 23, 2025 Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on January 23, 2025, to shareholders of record as of the close of business on January 9, 2025. Announcement • Nov 07
Trinseo PLC Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2024 Trinseo PLC provided earnings guidance for the fourth quarter ending December 31, 2024. For the quarter, the company expects a net loss of $81 million to $71 million. Announcement • Nov 01
Trinseo PLC to Report Q3, 2024 Results on Nov 06, 2024 Trinseo PLC announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Declared Dividend • Sep 30
Second quarter dividend of US$0.01 announced Shareholders will receive a dividend of US$0.01. Ex-date: 10th October 2024 Payment date: 24th October 2024 Dividend yield will be 0.8%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Announcement • Sep 27
Trinseo Announces Quarterly Dividend, Payable on October 24, 2024 Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on October 24, 2024, to shareholders of record as of the close of business on October 10, 2024. Recent Insider Transactions • Aug 15
Senior VP recently bought €176k worth of stock On the 12th of August, Angelo Chaclas bought around 75k shares on-market at roughly €2.35 per share. This transaction increased Angelo's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €949k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 07
Second quarter 2024 earnings released: US$1.92 loss per share (vs US$9.92 loss in 2Q 2023) Second quarter 2024 results: US$1.92 loss per share (improved from US$9.92 loss in 2Q 2023). Revenue: US$920.0m (down 4.4% from 2Q 2023). Net loss: US$67.8m (loss narrowed 81% from 2Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Announcement • Aug 07
Trinseo plc Provides Earnings Guidance for the Year Third Quarter of 2024 Trinseo PLC provided earnings guidance for the year third quarter of 2024. For the quarter, the company expects 2024 net loss of $42 million to $52 million. Announcement • Jul 13
Trinseo PLC to Report Q2, 2024 Results on Aug 06, 2024 Trinseo PLC announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Declared Dividend • Jul 01
First quarter dividend of US$0.01 announced Shareholders will receive a dividend of US$0.01. Ex-date: 8th July 2024 Payment date: 22nd July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Announcement • Jun 28
Trinseo Announces Quarterly Cash Dividend, Payable on July 22, 2024 Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on July 22, 2024 to shareholders of record as of the close of business on July 8, 2024. Announcement • Jun 05
Trinseo Announces Launch of New Recycling-Containing Acrylonitrile-Butadiene-Butadiene-Styrene (ABS) and Styrene-Acrylonitrile (SAN) Resins Trinseo announced the launch of new recycled-containing acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins, available under the MAGNUM™? ECO+, MAGNUM™? CR and TYRIL™? CR trade names. MAGNUM™? ECO+ ABS resins are dedicated to the mobility industry and will be introduced to the market during the 2024 Plastics in Automotive Engineering Conference in Mannheim, Germany (June 18-19). The resins exclusively use post-consumer recycled (PCR) styrene obtained from household waste, and the end-applications can achieve anyue with the use of color concentrates. MAGNUM™? ECO + ABS maintains the same performance and qualities that made its all-fossil counterpart a reliable, versatile resin, suitable for both visible and hidden applications in vehicles. MAGNUM™? CR andTYRIL™? CR are grades dedicated to industrial, and consumer goods applications, such as edge bands, coffee machine water tanks or toothbrushes. The sustainably advantaged resins contain up to 60% chemically recycled styrene The recycled styrene is combined with fossil-based polymers during polymerization according to the ISCC+ Mass Balance process. Because the recycled styrene becomes identical in chemical composition to its virgin counterpart during feedstock cracking,gregation during manufacturing is unnecessary. The materials are structurally and functionally the same as the virgin counterpart and can be used with existing tooling and equipment under the same processing conditions. This makes the new Trinseo materials a drop-in solution, all while offering a potential drop of up to 18% in carbon footprint compared to the average ABS and SAN industrial grades - Preliminary calculated estimated values based on data from a research study conducted by styrene supplier and independent 3rd party (scope: cradle-to-gate). Announcement • May 10
Trinseo plc Provides Earnings Guidance for the Second Quarter of 2024 Trinseo PLC provided earnings guidance for the Second quarter of 2024. For the quarter, the company expects net loss of $53 million to $38 million. Reported Earnings • May 09
First quarter 2024 earnings released: US$2.14 loss per share (vs US$1.40 loss in 1Q 2023) First quarter 2024 results: US$2.14 loss per share (further deteriorated from US$1.40 loss in 1Q 2023). Revenue: US$904.0m (down 9.3% from 1Q 2023). Net loss: US$75.5m (loss widened 54% from 1Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • May 01
Trinseo PLC, Annual General Meeting, Jun 26, 2024 Trinseo PLC, Annual General Meeting, Jun 26, 2024, at 10:30 Coordinated Universal Time. Location: InterContinental Dublin, Simmonscourt Road, Ballsbridge D04 A9K8 Dublin Ireland Agenda: To elect, by separate resolutions, eleven directors specifically named in the proxy statement, each to serve for a term of one year expiring at the 2025 annual general meeting; to approve, on an advisory basis, the compensation paid by the Company to its named executive officers; to ratify, by non-binding advisory vote, the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024 and to authorize, by binding vote, the Audit Committee of the Company's Board of Directors to set the auditors' remuneration; to approve a proposal to grant the Board authority to issue shares under Irish law; to approve a proposal to grant the Board authority to opt out of statutory pre-emption rights, with respect to up to a maximum of 10% of issued ordinary share capital, under Irish law; to set the price range for the Company's re-issuance of treasury shares. New Risk • Apr 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.7m (US$96.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-US$268m). Earnings have declined by 62% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€90.7m market cap, or US$96.6m). Announcement • Apr 12
Trinseo PLC to Report Q1, 2024 Results on May 08, 2024 Trinseo PLC announced that they will report Q1, 2024 results After-Market on May 08, 2024 Announcement • Apr 10
Trinseo Introduces Flame-retardant Plastic Grades Without Using PFAS Additives During Manufacturing Process Trinseo announced its new offering of flame-retardant EMERGE™ PC 8600PV and 8600PR resins, as well as EMERGE™ PC/ABS 7360E65 resins, manufactured without the use of per-and polyfluoroalkyl substances (PFAS) or halogenated additives. Many PFAS chemicals are commonly used for their important flame-retardant properties, as well as their resistance to heat, oil, stain, grease, and water. These new products maintain those critical performance attributes while addressing the growing demand and regulatory pressures to reduce the use of PFASs, especially in the consumer electronics and electrical industries. These products will first be launched in the Asia-Pacific market, suitable for applications in a variety of fields such as IT equipment, electronic and electrical products, battery chargers, and voltage stabilizers. Both EMERGE™ 8600PR and EMERGE™ 7360E65 use post-consumer recycled (PCR) substrates, while maintaining performance similar to that of virgin materials. There is no intentionally added PFAS in the manufacturing process at Trinseo, and the recycled content facilitates waste reduction, carbon footprint reduction, and recycling in the consumer electronics industry. Important features: Features of EMERGE™ PC 8600PV and 8600PR flame-retardant products: Halogenated additives are not used in the manufacturing process at Trinseo. UL94 V0 rated (1.5 mm) for all colors High-temperature resistance Aesthetics: Glossy/Matte finishes Recycled content for EMERGE™ 8600PR, Excellent dimensional stability, Superior impact resistance, Wide processing window, UV resistance, Features of EMERGE™ PC/ABS 7360E65 flame-retardant products: Halogenated additives are not used in the manufacturing process at Trinseo. UL94 V2 rated (0.5 mm) for all colors High flow Ideal for thin-wall applications Outstanding thermal stability, 65% recycled content, Dimensional stability, Wide processing window, UV resistance. Upcoming Dividend • Mar 27
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 03 April 2024. Payment date: 18 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.8%). Announcement • Mar 15
Trinseo PLC (NYSE:TSE) executed a contractual provision to sell 50% stake in Americas Styrenics LLC. Trinseo PLC (NYSE:TSE) executed a contractual provision to sell 50% stake in Americas Styrenics LLC on March 13, 2024. The process is expected to lead to a definitive arrangement no later than early 2025. Any proceeds from the sale are expected to be used to pay down a portion of the recently issued $1.077 billion of term loans maturing in 2028. This ownership exit provision of the AmSty joint venture agreement, includes a structured mechanism that is expected to ultimately lead to a sale of Trinseo’s ownership interest in AmSty. Reported Earnings • Feb 26
Full year 2023 earnings released: US$19.87 loss per share (vs US$11.92 loss in FY 2022) Full year 2023 results: US$19.87 loss per share (further deteriorated from US$11.92 loss in FY 2022). Revenue: US$3.68b (down 26% from FY 2022). Net loss: US$701.3m (loss widened 64% from FY 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.01 announced Shareholders will receive a dividend of US$0.01. Ex-date: 3rd April 2024 Payment date: 18th April 2024 Dividend yield will be 1.0%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (2% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Announcement • Feb 23
Trinseo Announces Quarterly Dividend, Payable on April 18, 2024 Trinseo PLC announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on April 18, 2024 to shareholders of record as of the close of business on April 4, 2024. Reported Earnings • Feb 13
Full year 2023 earnings released: US$19.87 loss per share (vs US$11.92 loss in FY 2022) Full year 2023 results: US$19.87 loss per share (further deteriorated from US$11.92 loss in FY 2022). Revenue: US$3.68b (down 26% from FY 2022). Net loss: US$701.3m (loss widened 64% from FY 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Board Change • Jan 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. Independent Director Victoria Brifo was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 20
Trinseo PLC to Report Q4, 2023 Results on Feb 12, 2024 Trinseo PLC announced that they will report Q4, 2023 results After-Market on Feb 12, 2024 Announcement • Nov 17
Trinseo Announces Quarterly Dividend, Payable on January 18, 2024 Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on January 18, 2024 to shareholders of record as of the close of business on January 4, 2024. Announcement • Nov 04
Trinseo plc Provides Earnings Guidance for the Year 2023 Trinseo PLC provided earnings guidance for the year 2023. For the year, the company expected net loss from continuing operations of $509 million to $499 million (prior outlook of net loss from continuing operations of approximately $460 million). Announcement • Oct 31
Trinseo plc Completes Strategic Network Optimization Initiative with Closure of Terneuzen, the Netherlands Styrene Manufacturing Operations Trinseo PLC announced its decision to discontinue operations at its ethylbenzene styrene monomer (EBSM) manufacturing facility in Terneuzen, the Netherlands. This decision was made following the completion of joint negotiations with the Works Council in Terneuzen. The plant is scheduled to officially cease operations in November 2023. With the closure of the EBSM facility, the company will purchase of all of its styrene needs from third party suppliers to support its downstream businesses. The Company also recently announced the closure of its PMMA sheet operations in Bronderslev, Denmark, Belen, New Mexico, and Rho, Italy, as well as cost saving measures including headcount and other reductions. Materials produced at the closed PMMA sheet plants will now be produced by other facilities within the global network, primarily Saint-Avold, France, and Florence, Kentucky, USA. In aggregate, these initiatives are expected to result in annual cost savings of approximately $75 million. The anticipated future cash payments associated with these actions are approximately $50 million, with $35 million of this expected to be incurred in 2024. These latest restructuring actions, in combination with lower natural gas hedge losses, are expected to result in a sequential profitability improvement of $100 million in 2024. Announcement • Oct 13
Trinseo PLC to Report Q3, 2023 Results on Nov 03, 2023 Trinseo PLC announced that they will report Q3, 2023 results After-Market on Nov 03, 2023 Upcoming Dividend • Sep 27
Upcoming dividend of US$0.01 per share at 0.5% yield Eligible shareholders must have bought the stock before 04 October 2023. Payment date: 19 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.3%). Announcement • Sep 23
Trinseo plc Appoints Roger Greene Controller and Principal Accounting Officer On September 21, 2023, Trinseo PLC appointed Roger Greene, age 47, as Vice President, Controller and Principal Accounting Officer of the Company, effective September 25, 2023. David Stasse, the Company’s Executive Vice President and Chief Financial Officer, will no longer serve as interim principal accounting officer following Mr. Greene’s appointment. Prior to joining the Company, Mr. Greene served as Vice President, Chief Audit Executive of Corteva Agriscience leading the internal audit function. Mr. Greene also served as Global Business Controller for the Agriculture Division of DuPont from 2016 to 2019, and held leadership roles in DuPont’s corporate accounting and controllership groups. Before joining DuPont, Mr. Greene worked at PricewaterhouseCoopers in its Assurance practice. Mr. Greene holds a bachelor’s degree in accounting from Pennsylvania State University and is a Certified Public Accountant. Announcement • Sep 22
Trinseo Announces Quarterly Dividend, Payable on October 19, 2023 Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on October 19, 2023 to shareholders of record as of the close of business on October 5, 2023. Recent Insider Transactions • Sep 15
Senior VP recently bought €150k worth of stock On the 12th of September, Angelo Chaclas bought around 20k shares on-market at roughly €7.52 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €88k more in shares than they have sold in the last 12 months. Buying Opportunity • Aug 15
Now 21% undervalued Over the last 90 days, the stock is up 1.6%. The fair value is estimated to be €15.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Announcement • Aug 05
Trinseo plc Updates Earnings Outlook for the Full-Year 2023 Trinseo PLC updated earnings outlook for the Full-year 2023. For the period, the company revised net loss from continuing operations of $460 million and Adjusted EBITDA of $215 million (prior outlook of net loss from continuing operations of $94 million to $61 million and Adjusted EBITDA of $275 million to $325 million†). Reported Earnings • Aug 04
Second quarter 2023 earnings released: US$9.92 loss per share (vs US$1.02 profit in 2Q 2022) Second quarter 2023 results: US$9.92 loss per share (down from US$1.02 profit in 2Q 2022). Revenue: US$962.6m (down 33% from 2Q 2022). Net loss: US$349.0m (down US$386.1m from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Jul 28
Trinseo plc Announces Executive Changes On July 20, 2023, Bernard Skeete informed Trinseo PLC (the “Company”) of his decision to resign from his position as Vice President and Chief Accounting Officer of the Company to pursue a new opportunity, effective August 4, 2023. Mr. Skeete’s decision to resign did not result from any dispute or disagreement with the Company, the Company’s management or board of directors, on any matter relating to the Company’s operations, policies or practices, including with respect to any matters relating to the Company’s accounting practices or financial reporting. David Stasse, the Company’s Chief Financial Officer, will serve as the Company’s interim principal accounting officer until Mr. Skeete’s successor is appointed. Announcement • Jul 23
Trinseo PLC Announces Executive Changes On July 18, 2023, Trinseo PLC (the Company) announced that Andre Lanning, the Company's Senior Vice President and Chief Operating Officer would be terminated in connection with a reorganization of the Company's executive leadership team. Mr. Lanning will serve as Special Advisor starting on August 1, 2023 and will exit theCompany on or before January 31, 2024. New Risk • Jul 19
New major risk - Revenue and earnings growth Earnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 42% per year over the past 5 years. Announcement • Jul 18
Trinseo PLC to Report Q2, 2023 Results on Aug 03, 2023 Trinseo PLC announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2023 Upcoming Dividend • Jun 28
Upcoming dividend of US$0.01 per share at 10% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 20 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 10%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (6.2%). Announcement • Jun 25
Trinseo PLC(NYSE:TSE) dropped from Russell 2000 Defensive Index Trinseo PLC(NYSE:TSE) dropped from Russell 2000 Defensive Index Announcement • Jun 16
Trinseo Announces Quarterly Dividend, Payable on July 20, 2023 Trinseo announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on July 20, 2023, to shareholders of record as of the close of business on July 6, 2023. Announcement • May 25
The Gross Law Firm Files A Class Action Lawsuit Against Trinseo PLC The Gross Law Firm filed a class action lawsuit against Trinseo PLC. The complaint alleged that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's Bristol, Pennsylvania plant had a troubled safety record while under prior ownership and continued to be unsafe after the Company acquired it; (2) defendants did not sufficiently disclose specific risks related to conducting operations at that plant; (3) operating a chemical plant with an unsafe history and presently unsafe operations exposed the Company to a heightened risk of a chemical spill or other adverse events; and (4) as a result, defendants statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. Announcement • May 10
Plaskolite, Inc. completed the acquisition of Land, Buildings and Equipment of a facility in Matamoros, Mexico from Trinseo PLC (NYSE:TSE). Plaskolite, Inc. signed an agreement to acquire Land, Buildings and Equipment of a facility in Matamoros, Mexico from Trinseo PLC (NYSE:TSE) for approximately $19 million on April 4, 2023. The consideration will be paid in cash. In this transaction, Plaskolite will not acquire any portion of Trinseo’s sheet business. The transaction is expected to close within the next several weeks. As of May 4, 2023, The transaction is expected to close this quarter.
Plaskolite, Inc. completed the acquisition of Land, Buildings and Equipment of a facility in Matamoros, Mexico from Trinseo PLC (NYSE:TSE) on May 8, 2023. Reported Earnings • May 05
First quarter 2023 earnings released: US$1.40 loss per share (vs US$0.46 profit in 1Q 2022) First quarter 2023 results: US$1.40 loss per share (down from US$0.46 profit in 1Q 2022). Revenue: US$996.3m (down 28% from 1Q 2022). Net loss: US$48.9m (down 386% from profit in 1Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 29
Upcoming dividend of US$0.14 per share at 6.3% yield Eligible shareholders must have bought the stock before 05 April 2023. Payment date: 20 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.7%).