New Risk • Feb 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.72m This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-US$96m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-US$862m). Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (US$9.72m market cap). 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. Board Change • Jan 07
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. 5 experienced directors. 4 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. Price Target Changed • Jan 07
Price target decreased by 31% to US$1.13 Down from US$1.63, the current price target is an average from 3 analysts. New target price is 77% above last closing price of US$0.64. Stock is down 87% over the past year. The company posted a net loss per share of US$9.87 last year. 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. Recent Insider Transactions • Aug 15
Independent Director recently bought US$240k worth of stock On the 14th of August, Matthew Farrell bought around 100k shares on-market at roughly US$2.40 per share. This transaction amounted to 93% 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 US$708k more in shares than they have sold in the last 12 months. New Risk • Aug 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$61m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$61m free cash flow). Negative equity (-US$750m). 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 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$74.1m market cap). Reported Earnings • Aug 07
Second quarter 2025 earnings released: US$2.96 loss per share (vs US$1.92 loss in 2Q 2024) Second quarter 2025 results: US$2.96 loss per share (further deteriorated from US$1.92 loss in 2Q 2024). Revenue: US$784.3m (down 15% from 2Q 2024). Net loss: US$105.5m (loss widened 56% from 2Q 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. 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. New Risk • Jul 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.8m 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 (currently running at an operating cash loss). Negative equity (-US$679m). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$99.8m market cap). 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 Declared Dividend • Jun 29
First quarter dividend of US$0.01 announced Dividend of US$0.01 is the same as last year. Ex-date: 10th July 2025 Payment date: 24th July 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.0%. 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 96 years, indicating a lack of growth and stability in payments. 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. New Risk • May 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$679m). 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 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (US$90.6m market cap). New Risk • May 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$89.8m 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 (currently running at an operating cash loss). Negative equity (-US$679m). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (US$89.8m market cap). Reported Earnings • May 09
First quarter 2025 earnings released: US$2.23 loss per share (vs US$2.14 loss in 1Q 2024) First quarter 2025 results: US$2.23 loss per share (further deteriorated from US$2.14 loss in 1Q 2024). Revenue: US$784.8m (down 13% from 1Q 2024). Net loss: US$79.0m (loss widened 4.6% from 1Q 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. 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 Upcoming Dividend • Apr 03
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 10 April 2025. Payment date: 24 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (2.1%). Declared Dividend • Mar 03
Fourth quarter dividend of US$0.01 announced Dividend of US$0.01 is the same as last year. Ex-date: 10th April 2025 Payment date: 24th April 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.0%. 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 96 years, indicating a lack of growth and stability in payments. 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. New Risk • Feb 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-US$620m). Earnings have declined by 55% per year over the past 5 years. Reported Earnings • Feb 13
Full year 2024 earnings released: US$9.87 loss per share (vs US$19.87 loss in FY 2023) Full year 2024 results: US$9.87 loss per share (improved from US$19.87 loss in FY 2023). Revenue: US$3.51b (down 4.4% from FY 2023). Net loss: US$348.5m (loss narrowed 50% from FY 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, earnings per share has fallen by 59% per year whereas the company’s share price has fallen by 56% per year. 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 Price Target Changed • Dec 30
Price target increased by 23% to US$5.38 Up from US$4.38, the current price target is an average from 4 analysts. New target price is 5.2% above last closing price of US$5.11. Stock is down 39% over the past year. The company posted a net loss per share of US$19.87 last year. 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 Announcement • Oct 01
Trinseo Announces Additional Restructuring Initiatives Trinseo announced restructuring initiatives to better position the business for longer-term growth, improved profitability, and increased cash generation. Effective October 1, 2024, the Company is combining the management of its Engineered Materials, Plastics Solutions and Polystyrene businesses, resulting in a reduction in workforce due to the consolidation of business management roles and support functions. These actions began in the third quarter of 2024 and are anticipated to be substantially complete by the end of 2025. The expected annualized run rate cost savings is $30 million with approximately $25 million realized in 2025 and the full run rate achieved by the end of 2026. The Company expects to record total pre-tax restructuring charges of $23 million to $28 million, principally comprised of $22 million to $26 million of severance and related benefit costs and $1 million to $2 million of asset-related and contract termination charges, primarily related to the virgin polycarbonate manufacturing site in Stade, Germany. Additionally, the Company has decided to exit virgin polycarbonate production at its Stade, Germany production facility following discussions with the relevant works councils. Production is anticipated to end by January 2025 with severance and related benefit payments expected to complete by the end of 2026. Once operations have ceased, all the Company’s polycarbonate needs for its downstream, differentiated compounded products will be purchased from external suppliers, including its licensees, with the exception of its dissolution-based polycarbonate production. This purchasing change is expected to result in an annualized run rate profitability improvement of $15 million to $20 million relative to manufacturing at Stade. Announcement • Oct 01
Trinseo Announces Executive Changes Trinseo announced restructuring initiatives to better position the business for longer-term growth, improved profitability, and increased cash generation. Effective October 1, 2024, the Company is combining the management of its Engineered Materials, Plastics Solutions and Polystyrene businesses, resulting in a reduction in workforce due to the consolidation of business management roles and support functions. These actions began in the third quarter of 2024 and are anticipated to be substantially complete by the end of 2025. The expected annualized run rate cost savings is $30 million with approximately $25 million realized in 2025 and the full run rate achieved by the end of 2026. The newly combined Engineered Materials, Plastics Solutions and Polystyrene businesses will be led by Francesca Reverberi, SVP, Engineered Materials. Bregje “Bee” Van Kessel, who currently leads the Plastics Solutions and Polystyrene businesses, will assume the role of SVP, Corporate Finance and Investor Relations reporting to David Stasse, EVP, Chief Financial Officer. Han Hendriks, who leads technology and innovation, will add oversight responsibilities for the Company’s sustainability activities as Chief Technology and Sustainability Officer. Declared Dividend • Sep 30
Second quarter dividend of US$0.01 announced Dividend of US$0.01 is the same as last year. Ex-date: 10th October 2024 Payment date: 24th October 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.0%. Price Target Changed • Sep 27
Price target increased by 18% to US$5.70 Up from US$4.85, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$5.49. Stock is down 33% over the past year. The company posted a net loss per share of US$19.87 last year. 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. New Risk • Sep 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-US$414m). Earnings have declined by 61% per year over the past 5 years. Recent Insider Transactions • Aug 15
Senior VP recently bought US$193k worth of stock On the 12th of August, Angelo Chaclas bought around 75k shares on-market at roughly US$2.57 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 US$1.0m 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 4.7% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 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 • Jun 30
First quarter dividend of US$0.01 announced Dividend of US$0.01 is the same as last year. Ex-date: 5th July 2024 Payment date: 22nd July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.0%. 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. Price Target Changed • Jun 25
Price target decreased by 11% to US$5.12 Down from US$5.77, the current price target is an average from 5 analysts. New target price is 102% above last closing price of US$2.53. Stock is down 80% over the past year. The company posted a net loss per share of US$19.87 last year. New Risk • Jun 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.2m 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 (1.6% operating cash flow to total debt). Negative equity (-US$348m). Earnings have declined by 63% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$99.2m market cap). 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). Price Target Changed • May 22
Price target decreased by 8.0% to US$5.52 Down from US$6.00, the current price target is an average from 5 analysts. New target price is 68% above last closing price of US$3.28. Stock is down 78% over the past year. The company posted a net loss per share of US$19.87 last year. 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 4.9% growth forecast for the Chemicals industry in the US. 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: 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). Negative equity (-US$268m). Earnings have declined by 62% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$96.6m market cap). 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 American dividend payers (4.7%). Lower than average of industry peers (1.9%). 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. 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 0.9%, which is lower than the industry average of 2.0%. 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 14
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 4.2% growth forecast for the Chemicals industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
Trinseo plc Reports Impairment Charges for the Three Months Ended December 31, 2023 Trinseo PLC reported Asset impairment charges or write-offs for the three months ended December 31, 2023 of USD 0.6 Million.