Trinseo reports Q2 adjusted EPS ($1.46), consensus ($1.25)

Reports Q2 revenue $920M, consensus $946.5M. Commenting on the company’s second quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, “The market conditions that we saw at the end of the first quarter continued through the second quarter as expected, resulting in our highest Adjusted EBITDA quarter since the first half of 2022 despite the headwind from unfavorable net timing. We continued to see positive momentum in Engineered Materials as moderating input costs, normalization of MMA market dynamics, and steady demand for our downstream PMMA applications led the segment to record its highest sales volumes and Adjusted EBITDA since the second quarter of 2022. We continue to be pleased by the impact of our restructuring initiatives and the resulting improvements we are seeing in our financial results.”