Trinseo Updates Full Year 2017 Outlook and Provides Preliminary Third Quarter 2017 Financial Results
Trinseo PLC Ordinary Shares (TSE)
Last trinseo plc ordinary shares earnings: 2/6 04:15 pm
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Source: Business Wire
BERWYN, Pa--(BUSINESS WIRE)-- Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, today announced preliminary expected operating results for the third quarter of 2017 to be about $50 million above previously issued guidance, on a pre-tax basis, and updated its outlook for the full year of 2017. The updated guidance primarily reflects an increase in global styrene margins from unplanned supply outages. This favorable impact is primarily in the Feedstocks segment, and includes an approximately $15 million favorable impact from Hurricane Harvey. “As a result of Hurricane Harvey as well as additional unplanned styrene outages, global styrene margins in the third quarter increased above our prior expectations and this continued into the fourth quarter,” said Chris Pappas, Trinseo’s President and Chief Executive Officer. “In addition, s
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