August 21, 2014 4:54 AM ET

Chemicals

Company Overview of Trinseo SA

Company Overview

Trinseo S.A., a materials company, manufactures and markets standard, specialty, and customized emulsion polymers and plastics. It operates through four segments: Latex, Rubber, Styrenics, and Engineered Polymers. The company’s plastic products include polystyrene, acrylonitrile-butadiene styrene (ABS)/styrene-acrylonitrile, polycarbonate resins, ignition resistant polystyrene, performance polymers, ABS and engineering resins, polystyrene resins, reinforced elastomers, compounds and blends, polypropylene compounds, and expandable polystyrene offered under the CALIBRE, EMERGE, INSPIRE, MAGNUM, Polypropylene, PULSE, STYRON, TYRIL, and VELVEX brand names. Its plastic resins and services support...

1000 Chesterbrook Boulevard

Berwyn, PA 19312

United States

Founded in 2009

2,123 Employees

Phone:

888-789-7661

Key Executives for Trinseo SA

Chief Executive Officer
Age: 58
Total Annual Compensation: $1.0M
Chief Financial Officer
Age: 53
Total Annual Compensation: $600.0K
Senior Vice President and Business President of Plastics Business
Age: 61
Total Annual Compensation: $1.4M
Executive Vice President
Age: 65
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2013.

Trinseo SA Key Developments

Trinseo Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Trinseo reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported net sales of $1,340,935,000, operating income of $23,580,000, loss before income taxes of $39,171,000, net loss of $44,621,000 or $1.15 per diluted share against net sales of $1,361,759,000, operating income of $19,664,000, loss before income taxes of $25,914,000, net loss of $28,064,000 or $0.75 per diluted share a year ago. Revenue decreased 2% versus the prior year driven by a 5% reduction in price, primarily driven by the pass through of lower styrene and butadiene costs. Adjusted EBITDA for the quarter increased $36 million, or 84%, versus the prior year. This increase was driven primarily by the impact of inventory revaluation which had an unfavorable impact of $26 million in the prior year as compared to a favorable $3 million impact in the current year. EBITDA was $21 million against $32 million a year ago. Adjusted EBITDA was $79 million against $43 million a year ago. Free cash flow was breakeven for the quarter and included $56 million in payments for the Emerging Markets Latex JV Option and the Bain Advisory Agreement termination. Capital spending for the quarter was $15 million. For the six months, the company reported net sales of $2,700,067,000, operating income of $87,129,000, loss before income taxes of $9,335,000, net loss of $27,535,000 or $0.72 per diluted share against net sales of $2,753,344,000, operating income of $56,806,000, loss before income taxes of $35,692,000, net loss of $37,742,000 or $1.01 per diluted share a year ago. Cash from operating activities was $7,864,000 against $6,488,000 a year ago. Capital expenditures were $55,744,000 against $29,122,000 a year ago. Overall, the company expects 2014 year-end adjusted EBITDA to be comfortably ahead of 2013 result. The third quarter of 2014 will have some challenges, notably the summer slowdown in Europe and an outage-driven spike in global benzene that will constrain styrene monomer margins and reduce polycarbonate margins. The company is on track to meet CapEx target range of $110 million to $120 million for the full year.

Trinseo SA to Report Q2, 2014 Results on Aug 06, 2014

Trinseo SA announced that they will report Q2, 2014 results at 4:30 PM, US Eastern Standard Time on Aug 06, 2014

Trinseo SA, Q2 2014 Earnings Call, Aug 07, 2014

Trinseo SA, Q2 2014 Earnings Call, Aug 07, 2014

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