Trinseo President and CEO Chris Pappas Appears on CNBC’s Mad Money
BERWYN, Pa.–(BUSINESS WIRE)–$TSE #earnings—Trinseo
(NYSE: TSE), a global materials solutions provider and manufacturer of
plastics, latex binders and synthetic rubber, today announced that its
President and CEO Chris Pappas appeared on CNBCÔÇÖs ÔÇ£Mad Money with Jim
CramerÔÇØ television program on May 17, 2018.
On the segment, Mr. Pappas discussed TrinseoÔÇÖs first quarter 2018
financial results, strong business fundamentals, and plans for a
balanced use of cash returning value to shareholders while investing in
its specialty-oriented products in the business.
About Trinseo
Trinseo
(NYSE: TSE) is a global materials solutions provider and manufacturer of
plastics, latex binders, and synthetic rubber. We are focused on
delivering innovative and sustainable solutions to help our customers
create products that touch lives every day ÔÇö products that are intrinsic
to how we live our lives ÔÇö across a wide range of end-markets, including
automotive, consumer electronics, appliances, medical devices, lighting,
electrical, carpet, paper and board, building and construction, and
tires. Trinseo had approximately $4.4 billion in net sales in 2017, with
16 manufacturing sites around the world, and nearly 2,200 employees. For
more information visit www.trinseo.com.
Note on Forward-Looking Statements
This interview may contain ÔÇ£forward-looking statementsÔÇØ within the
meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Words such as ÔÇ£expect,ÔÇØ
ÔÇ£estimate,ÔÇØ ÔÇ£project,ÔÇØ ÔÇ£budget,ÔÇØ ÔÇ£forecast,ÔÇØ ÔÇ£anticipate,ÔÇØ ÔÇ£target,ÔÇØ
ÔÇ£outlook,ÔÇØ ÔÇ£guidance,ÔÇØ , ÔÇ£markets,ÔÇØ ÔÇ£intend,ÔÇØ ÔÇ£plan,ÔÇØ ÔÇ£may,ÔÇØ, ÔÇ£would, ÔÇ£
ÔÇ£will,ÔÇØ ÔÇ£could,ÔÇØ ÔÇ£should,ÔÇØ, ÔÇ£see,ÔÇØ ÔÇ£believes,ÔÇØ ÔÇ£predicts,ÔÇØ ÔÇ£potential,ÔÇØ
ÔÇ£continue,ÔÇØ, ÔÇ£growthÔÇØ and similar expressions are intended to identify
such forward-looking statements. Forward-looking statements in this
interview may include, without limitation, forecasts of growth, net
sales, business activity, acquisitions, financings and other matters
that involve known and unknown risks, uncertainties and other factors
that may cause results, levels of activity, performance or achievements
to differ materially from results expressed or implied during this
interview. Such factors include, among others: conditions in the global
economy and capital markets, volatility in costs or disruption in the
supply of the raw materials utilized for our products; loss of market
share to other producers of styrene-based chemical products; compliance
with environmental, health and safety laws; changes in laws and
regulations applicable to our business; our inability to continue
technological innovation and successful introduction of new products;
system security risk issues that could disrupt our internal operations
or information technology services; the loss of customers; the market
price of the CompanyÔÇÖs ordinary shares prevailing from time to time; the
nature of other investment opportunities presented to the Company from
time to time; and the CompanyÔÇÖs cash flows from operations. Additional
risks and uncertainties are set forth in the CompanyÔÇÖs reports filed
with the United States Securities and Exchange Commission (ÔÇ£SECÔÇØ), which
are available at http://www.sec.gov,
as well as the CompanyÔÇÖs website at http://www.trinseo.com.
As a result of the foregoing considerations, you are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this interview. All forward-looking statements
are qualified in their entirety by this cautionary statement. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Note on the Use of Non-GAAP Measures
In addition to using standard measures of performance and liquidity
that are recognized in accordance with accounting principles generally
accepted in the United States of America (ÔÇ£GAAPÔÇØ), we use additional
measures of income excluding certain GAAP items (ÔÇ£non-GAAP measuresÔÇØ),
such as Adjusted Net Income, EBITDA and Adjusted EBITDA. We believe
these measures are useful for investors and management in evaluating
business trends and performance each period. These income
measures are also used to manage our business and assess current period
profitability, as well as to provide an appropriate basis to evaluate
the effectiveness of our pricing strategies. Such measures are not
recognized in accordance with GAAP and should not be viewed as an
alternative to GAAP measures of performance, as applicable. The
definitions of each of these measures, further discussion of usefulness,
and reconciliations of non-GAAP measures to GAAP measures are provided
in the CompanyÔÇÖs Form
8-K filed with the SEC on May 2, 2018.
Contacts
Press contacts:
Trinseo
Donna St. Germain,
+1-610-240-3307
[email protected]
or
Makovsky
Doug
Hesney, +1 212-508-9661
[email protected]
or
Investor
Contact:
Trinseo
David Stasse, +1 610-240-3207
[email protected]
