Reuters.Trinseo (NYSE: NYSE:), a global materials company, discussed its fourth-quarter earnings, outlining several strategic actions taken to mitigate the challenges of a tough year and setting the stage for a potential rebound in 2024. The company announced restructuring efforts, including the closure of a facility in the Netherlands and the consolidation of its European operations.
Despite market headwinds, Trinseo managed to refinance $1.1 billion in debt, extending maturities to 2028, and emphasized its commitment to sustainability through increased recycling efforts. Looking ahead, Trinseo anticipates a modest recovery in market demand and higher profitability in the coming year, supported by restructuring initiatives and lower…
Read the full article at: https://au.investing.com/news/stock-market-news/earnings-call-trinseo-announced-restructuring-efforts-93CH-3118685