Trinseo lowers Q3 guidance due to materials costs, weak tire market

Berwyn, Pennsylvania – Trinseo SA expects its third quarter 2018 results to be below previously issued guidance, mainly due to higher raw materials costs, market uncertainty in China and a continuing weaker tire market.

In its preliminary third quarter results published 9 Oct, the materials supplier said net income is estimated to be between $74 – $80 million and earnings (adjusted EBITDA) estimated to be between $140 – $146 million for the quarter.

Previously issued guidance for the third quarter 2018 was net income of $88 -…

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