TRINSEO PLC Reports 32.5% Year-Over-Year Decrease in Total Revenue for FY2023 Q2

🌥️Earnings Overview

For the quarter ended June 30 2023, Trinseo ($NYSE:TSE) PLC reported total revenue of USD 962.6 million, a year-over-year decrease of 32.5%. Net income for the period was USD -349.0 million, compared to USD 37.4 million in the same quarter of the prior year.

Analysis

GoodWhale has conducted an analysis of the financials of TRINSEO PLC. Based on this analysis, TRINSEO PLC is rated a medium risk investment in terms of both financial and business aspects. The Risk Rating system used was developed by GoodWhale to help investors make informed decisions. Along with this analysis, GoodWhale has also detected one risk warning within the cashflow statement of TRINSEO PLC. In order to view this warning, it is necessary to register with GoodWhale. This warning could be pertinent for investors considering investing in TRINSEO PLC, as it could indicate potential risks that they may want to consider. Overall, GoodWhale’s analysis and Risk Rating system can be a useful aid for investors when making decisions regarding their investments. With GoodWhale’s help, investors can have an accurate overview of the financials of TRINSEO PLC and be alerted to potential risks associated with the investment. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Trinseo Plc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Trinseo Plc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Trinseo Plc. More…

Key Ratios Snapshot

Some of the financial key ratios for Trinseo Plc are shown below. More…

Peers

In the global market for specialty chemicals, Trinseo PLC competes with several large multinational companies, including Evonik Industries AG, PPG Industries Inc, and Shandong Dongyue Organosilicon Materials Co Ltd. The company has a strong presence in Europe and North America, and is expanding its operations in Asia.

– Evonik Industries AG ($OTCPK:EVKIF)

Evonik Industries AG is a German chemical company with a market cap of 9.4 billion as of 2022. The company’s return on equity is 8.43%. Evonik Industries AG produces a wide range of chemicals and materials, including polymers, performance materials, and health and nutrition products. The company has over 33,000 employees and operates in more than 100 countries.

– PPG Industries Inc ($NYSE:PPG)

PPG Industries, Inc., is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. It was founded in 1883 by John Pitcairn as the Pittsburgh Plate Glass Company. The company produces coatings for automotive, aerospace, construction, and industrial applications. PPG’s headquarters are located in Pittsburgh, Pennsylvania.

– Shandong Dongyue Organosilicon Materials Co Ltd ($SZSE:300821)

Shandong Dongyue Organosilicon Materials Co., Ltd. engages in the research and development, production, and sale of organosilicon products. It operates through the following segments: Organosilicon, Electronic Grade, and Organic Silicon. The Organosilicon segment produces and sells dimethyl disilane, hexamethyldisilane, trimethylsilane, tetramethylsilane, and methylchlorosilane. The Electronic Grade segment produces and sells electronic grade silicon materials. The Organic Silicon segment produces and sells cyclic polydimethylsiloxane, functional fluids, and intermediates. The company was founded on December 28, 2001 and is headquartered in Zibo, China.

Summary

TRINSEO PLC has experienced a notable decline in total revenue in FY2023 Q2, dropping 32.5% year-over-year to USD 962.6 million. Despite this, net income decreased significantly from USD 37.4 million to USD -349.0 million. This suggests that TRINSEO PLC may be facing difficulties with profitability and investors should closely examine the company’s financial performance before investing. Additionally, investors should consider the current economic environment and any potential industry changes that may affect the company’s performance in the future.