TRINSEO PLC Reports Second Quarter FY2023 Earnings Results for June 30 2023
August 24, 2023
🌥️Earnings Overview
TRINSEO PLC ($NYSE:TSE) released their earnings results for the second quarter of FY2023, which concluded on June 30 2023. The company saw a total revenue of USD 962.6 million, indicating a 32.5% drop compared to the same quarter in the previous year. Net income for the quarter was USD -349.0 million, contrasting the net income of USD 37.4 million from the same period in the prior year.
Price History
The stock opened at $16.4 and ended the day at $16.3, down by 2.6% from its previous closing price of $16.7. Despite the decline in revenue and net income, TRINSEO PLC maintained solid financial performance with increased margins and higher non-GAAP EPS. The company is well-positioned to continue its strong performance in the upcoming quarters and is confident in providing long-term value to its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trinseo Plc. More…
| Total Revenues | Net Income | Net Margin |
| 4.11k | -883 | -7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trinseo Plc. More…
| Operations | Investing | Financing |
| 233.5 | -106.1 | -124.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trinseo Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.35k | 3.33k | 10.7 |
Key Ratios Snapshot
Some of the financial key ratios for Trinseo Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 11.6% | -21.2% |
| FCF Margin | ROE | ROA |
| 2.6% | -145.0% | -16.3% |
Analysis
At GoodWhale, we have conducted an analysis of TRINSEO PLC‘s wellbeing. According to our Star Chart, TRINSEO PLC is strong in asset and dividend, medium in profitability and weak in growth. We have classified TRINSEO PLC as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This type of company is likely to attract investors who are looking for steady returns from their investments. Additionally, TRINSEO PLC has an intermediate health score of 6/10 which indicates that it is likely to sustain its operations in times of crisis. 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
Investor sentiment on TRINSEO PLC has taken a big hit following the release of their second quarter earnings report for FY2023. Total revenue for the quarter was USD 962.6 million, representing a 32.5% decrease compared to the same period last year. Net income fell from USD 37.4 million to USD -349.0 million, a sign of significant losses incurred by the company.
This has caused many investors to question the future of TRINSEO PLC and whether the company is capable of adapting to the current market conditions. The sharp decline in revenue and profits suggests that TRINSEO PLC may not be in a strong position going forward and should be monitored closely by investors.
Related Posts
Recent Posts
