Trinseo Q2 2023 Financial Results Outlook

Trinseo reported Q2 2023 net loss from continuing operations of $349 million, including a non-cash goodwill impairment, with Adjusted EBITDA of $57 million. The company provided 2023 full-year guidance including net loss of approximately $460 million and Adjusted EBITDA of approximately $215 million, with planned restructuring actions expected to improve profitability by over $100 million in 2024.