Trinseo Sees Q2 2024 Net Loss Of $(53)M-$(38)M; Adj EBITDA Of $60M-$75M
Trinseo Sees Q2 2024 Net Loss Of $(53)M-$(38)M; Adj EBITDA Of $60M-$75M
2024 Outlook
2024 年展望
- Second quarter 2024 net loss of $53 million to $38 million
- Second quarter 2024 Adjusted EBITDA of $60 million to $75 million
- 2024 年第二季度淨虧損爲 5,300 萬美元，至 3,800 萬美元
- 2024年第二季度調整後的息稅折舊攤銷前利潤爲6,000萬美元至7,500萬美元
Commenting on the second quarter outlook, Bozich said, "We are seeing the positive earnings momentum from the end of the first quarter continue into the second quarter, including similar sales and margin levels to start the quarter. I am confident in a significant sequential profitability improvement as the turnaround at Americas Styrenics is behind us, and as we enter the seasonally stronger period for many of our building and construction applications. Additionally, there has been continued tightness in the styrene and MMA markets that is supportive of continued higher margins. We also expect a sequential free cash flow improvement from higher profitability and moderating styrene prices."
博齊奇在評論第二季度展望時說：“我們認爲，從第一季度末到第二季度的積極盈利勢頭將持續到第二季度，包括與本季度初相似的銷售額和利潤水平。我對盈利能力的連續顯著提高充滿信心，因爲美洲苯乙烯的轉機已經過去，以及我們許多建築和施工應用進入季節性強勁時期。此外，苯乙烯和綜合格鬥市場持續緊張，這支撐了利潤率的持續提高。我們還預計，通過提高盈利能力和放緩苯乙烯價格，自由現金流將持續改善。”
Bozich continued, "As expected, we are seeing the financial benefits of our asset and cost optimization actions that we implemented over the past 18 months, and we continue to evaluate additional actions including the potential closure of the Stade, Germany virgin polycarbonate plant. Finally, while we had more than adequate access to liquidity to end the quarter and we are seeing positive earnings momentum, liquidity preservation remains our top priority."
博齊奇繼續說：“正如預期的那樣，我們看到了我們在過去18個月中實施的資產和成本優化措施所帶來的財務收益，我們將繼續評估其他行動，包括可能關閉德國施塔德原生聚碳酸酯工廠。最後，儘管到本季度末我們有足夠的流動性，而且我們看到了積極的盈利勢頭，但流動性保持仍然是我們的首要任務。”