Trinseo Sees FY23 Net Loss From Continuing Operations Of $509M-$499M And Adjusted EBITDA Of $175M-$185M; Recent Cost Reduction Initiatives, Lower Natural Gas Hedge Losses, Are Expected To Result In $100M YoY Profitability Improvement In 2024
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Trinseo expects a net loss from continuing operations of $509M-$499M and adjusted EBITDA of $175M-$185M for FY23. However, due to recent cost reduction initiatives and lower natural gas hedge losses, the company anticipates a $100M YoY profitability improvement in 2024.
November 03, 2023 | 8:24 pm
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NEUTRAL IMPACT
Trinseo's FY23 outlook includes a net loss, but the company expects a significant profitability improvement in 2024 due to cost reduction initiatives and lower natural gas hedge losses.
Trinseo's FY23 outlook is negative with a projected net loss. However, the company's cost reduction initiatives and lower natural gas hedge losses are expected to improve profitability by $100M YoY in 2024. This mixed outlook may result in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100