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Trinseo (TSE)

Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. By partnering with like-minded stakeholders, Trinseo is dedicated to making a positive impact on society by supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.8 billion in net sales with 2,700 employees globally in 2019.

Company profile

Ticker
TSE
Exchange
Website
CEO
Frank Bozich
Employees
Incorporated
Location
Fiscal year end
Former names
Trinseo S.A.
SEC CIK
Subsidiaries
Trinseo Belgium B.V. • Trinseo Canada ULC • Trinseo Polymers (Zhangjiagang) Company Limited • Altuglas International Denmark A/S • Altuglas International S.A.S. • Trinseo France S.A.S. • Trinseo Deutschland Anlagengesellschaft MbH • Trinseo Deutschland GmbH • Trinseo (Hong Kong) Limited • Trinseo Materials (Hong Kong) Limited ...

TSE stock data

Analyst ratings and price targets

Last 3 months

Calendar

9 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 264.4M 264.4M 264.4M 264.4M 264.4M 264.4M
Cash burn (monthly) 61.43M 8.55M (no burn) (no burn) 27.7M (no burn)
Cash used (since last report) 187.28M 26.06M n/a n/a 84.44M n/a
Cash remaining 77.12M 238.34M n/a n/a 179.96M n/a
Runway (months of cash) 1.3 27.9 n/a n/a 6.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Sep 22 Jeanmarie F. Desmond Ordinary Shares Buy Acquire P No No 25.01 2,850 71.28K 8,515
7 Sep 22 Jeanmarie F. Desmond Ordinary Shares Buy Acquire P No No 25.46 1,335 33.99K 5,665
15 Aug 22 Cote Jeffrey J Ordinary Shares Buy Acquire P No No 31.76 10,000 317.6K 30,117
19 Jul 22 M&G Investment Management Common Stock Sell Dispose S Yes No 43.51 3,000 130.53K 7,625,044
17 Jun 22 Alvarado Joseph Ordinary Shares Payment of exercise Dispose F No No 37.43 1,099 41.14K 16,695
17 Jun 22 Lin Sandra Beach Ordinary Shares Payment of exercise Dispose F No No 37.43 1,099 41.14K 9,299
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Management Discussion
  • For the year ended December 31, 2021, we had net income from continuing operations of $279.6 million and Adjusted EBITDA of $729.4 million. The Company’s legacy businesses performed very well throughout 2021, and were further supplemented by our acquisitions in the Engineered Materials segment. These very strong results were achieved, despite challenging industry operating conditions that arose during the second half of the year, including high utility costs and constraints in material, labor and energy. Additionally, the Company delivered strong cash generation during 2021 and returned significant cash to our shareholders, purchasing approximately 1.0 million ordinary shares for total value of $50.0 million and declaring quarterly dividends for an aggregate value of $0.80 per ordinary share, or $31.4 million. Refer to the discussion below for further information and refer to “Non-GAAP Performance Measures” for discussion of our use of non-GAAP measures in evaluating our performance and a reconciliation of these measures. Highlights for the year are described below.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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Removed: adjustment, authoritative, beginning, consolidation, customary, entry, excellence, Franc, guidance, intercompany, longer, March, Mexican, pertain, Peso, preliminary, proforma, realization, reattribution, recast, reflecting, relevant, reportable, resegmentation, retroactively, separate, Terneuzen

Patents

Utility
Stabilized Compositions of Polycarbonates and Vinylidene Substituted Aromatic Compounds
25 Aug 22
A composition comprising: one or more polycarbonates; one or more vinylidene aromatic substituted polymers; and a buffer system that controls the pH in water at 25° C. at a value of about 6.0 to about 8.0.
Utility
Polymerizable Compositions and Copolymers of Cyclic (Meth)acrylate Esters with Alkyl (Methacrylates) And/or Free Radically Polymerizable Monomers
28 Jul 22
Disclosed are compositions comprising a) one or more cyclic (meth)acrylate esters; b) one or more alkyl (meth)acrylates; and c) one or more of i to iv; i) the one or more alkyl (meth)acrylates have two or more carbons in the alkyl group; ii) the one or more alkyl (meth)acrylates contain one or more alkyl methacrylates and one or more C2-8 alkyl acrylates; iii) one or more unsaturated compounds containing nucleophilic groups or electrophilic groups; iv) one or more impact modifiers, colorants, mold release agents, flow modifiers, UV absorbers, light stabilizers, fillers, fibers, anti-oxidants, and heat stabilizers.
Utility
Method of preparation of a composition comprising a copolymer of methyl methacrylate and methacrylic acid
14 Jun 22
The present invention relates to a polymeric composition comprising a polymer comprising monomers of methyl methacrylate and methacrylic acid.
Utility
Impact Resistant Hydrophobic High Heat Optical Acrylic Copolymers
9 Jun 22
The invention relates to impact resistant acrylic copolymers and terpolymers incorporating high Tg, hydrophobic (meth)acrylates and derivatives that have high thermal stability and excellent impact resistance.
Utility
Chromatographic separation of ammonium sulfate and 2-hydroxy-2-methylpropionic acid
31 May 22
Inventors: Thibault Lesaffre, Marjory Edon, Laurine Redelsperger, Aymeric Duplessix