Trinseo President and CEO Chris Pappas Appears on CNBC's Mad Money
May 22 2018 - 3:08PM
Business Wire
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
CNBC’s “Mad Money with Jim Cramer” television program on May 17,
2018.
On the segment, Mr. Pappas discussed Trinseo’s 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.
Watch the full interview.
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 —
products that are intrinsic to how we live our lives — 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 “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “target,” “outlook,” “guidance,” , “markets,”
“intend,” “plan,” “may,”, “would, “ “will,” “could,” “should,”,
“see,” “believes,” “predicts,” “potential,” “continue,”, “growth”
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 Company’s ordinary shares
prevailing from time to time; the nature of other investment
opportunities presented to the Company from time to time; and the
Company’s cash flows from operations. Additional risks and
uncertainties are set forth in the Company’s reports filed with the
United States Securities and Exchange Commission (“SEC”), which are
available at http://www.sec.gov, as well as the Company’s 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
(“GAAP”), we use additional measures of income excluding certain
GAAP items (“non-GAAP measures”), 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 Company’s Form 8-K filed with the SEC
on May 2, 2018.
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version on businesswire.com: https://www.businesswire.com/news/home/20180522006247/en/
Press contacts:TrinseoDonna St. Germain,
+1-610-240-3307stgermain@trinseo.comorMakovskyDoug Hesney, +1
212-508-9661dhesney@makovsky.comorInvestor
Contact:TrinseoDavid Stasse, +1
610-240-3207dstasse@trinseo.com
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