Trinseo PLC Sees Q3 Net Loss Of $42M-$52M; Adj. EBITDA Of $65M-$75M
Portfolio Pulse from Benzinga Newsdesk
Trinseo PLC (TSE) projects a Q3 2024 net loss of $42M-$52M and an Adjusted EBITDA of $65M-$75M. The company expects market conditions and Adjusted EBITDA to be similar to Q2, with positive free cash flow in the second half of the year due to higher profitability and seasonal working capital improvements.
August 06, 2024 | 9:44 pm
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Trinseo PLC (TSE) projects a Q3 2024 net loss of $42M-$52M and an Adjusted EBITDA of $65M-$75M. The company expects market conditions and Adjusted EBITDA to be similar to Q2, with positive free cash flow in the second half of the year due to higher profitability and seasonal working capital improvements.
The projected net loss may initially concern investors, but the positive outlook for free cash flow and sustained profitability could mitigate negative sentiment. The market conditions and EBITDA being similar to Q2 suggest stability.
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IMPORTANCE 80
RELEVANCE 100