Key Points Q3 miss and a soft Q4 guide highlight deeper demand weakness, with Asian ABS/PMMA inflows and European paper mill closures driving broad-based volume and margin erosion Liquidity has improved, but...
Key Points Q3’25 EBITDA and EPS miss; Q4 guidance range below consensus Broad-based weakness led by Latex Binders and Polymer Solutions; unplanned outage hit Americas Styrenics We rate Trinseo shares Overweight with a...
Key Points Q2’25 EBITDA and EPS miss; lower EBITDA logged in every segment y-o-y FY2025 guidance below consensus and bakes in no recovery We rate Trinseo shares Overweight with a revised-lower 12-month target...
Key Points Q1’25 EBITDA miss but EPS beat; higher EBITDA margins logged in every segment y-o-y Q2’25 guidance mid-point range below consensus levels We rate Trinseo shares Overweight; our 12-month target price is...
Key Points Q4’24 EBITDA and EPS miss; higher EBITDA margins logged in every segment y-o-y Q1’25 guidance range above consensus levels We rate Trinseo shares Overweight; our 12-month target price is USD7 per...
Key Points Q3’24 EBITDA and EPS miss; higher EBITDA margins logged in every segment y-o-y Q4’24 guidance range below consensus levels. Q4’24 free cash flow guidance positive We rate Trinseo shares Overweight; our...
Key Points Consensus 2024 estimates undemanding and normal earnings power not fully appreciated, in our view Near-term debt maturity fears overblown; Americas Styrenics JV sale could be a major share price upside...