Trinseo Reports Third Quarter 2024 Financial Results and Provides Fourth Quarter Outlook [Yahoo! Finance]
Trinseo PLC Ordinary Shares (TSE)
Last trinseo plc ordinary shares earnings: 2/6 04:15 pm
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Source: Yahoo! Finance
Adjusted EBITDA* of $66 million was $25 million higher than prior year Cash provided by operations of $9 million and capital expenditures of $12 million resulted in Free Cash Flow* of negative $3 million, a sequential improvement of $53 million. Third quarter Free Cash Flow* included a $16 million decrease in trade working capital Third quarter ending cash of $167 million, of which $2 million was restricted, with approximately $177 million of additional available liquidity under two committed financing facilities with continued focus on cash management and liquidity Announced restructuring initiatives focused on the consolidation of business management and support function roles, which are expected to result in cost savings of $25 million in 2025 and full run rate savings of $30 million by the end of 2026 WAYNE, Pa., November 06, 2024 BUSINESS WIRE )--Trinseo (NYSE: TSE): Three Months Ended September 30, $millions, except per share data Net Sales Net Loss Diluted
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