Trinseo PLC (NYSE:TSE) Q3 2023 Earnings Conference Call November 6, 2023 10:00 AM ET
Company Participants
Andy Myers - Finance Director, Corporate FP&A and IR
Frank Bozich - President, CEO & Director
David Stasse - EVP, CFO & Interim Principal Accounting Officer
Conference Call Participants
Frank Mitsch - Fermium Research, LLC
David Begleiter - Deutsche Bank
Matthew Blair - Tudor, Pickering, Holt & Co.
Michael Leithead - Barclays
Hassan Ahmed - Alembic Global Advisors
Laurence Alexander - Jefferies
Operator
Good morning, ladies and gentlemen, and welcome to the Trinseo Third Quarter 2023 Financial Results Conference Call. We welcome the Trinseo management team, Frank Bozich, President and CEO; David Stasse, Executive Vice President and CFO; and Andy Myers, Director of Investor Relations.
Today's conference call will include brief remarks by the management team, followed by a question-and-answer session. The company distributed its press release along with its presentation slides at close of market Friday, November 3. These documents are posted on the company's Investor Relations website and furnished on a Form 8-K filed with the Securities and Exchange Commission.
[Operator Instructions]. And now I'll hand things over to Andy Myers. Please go ahead.
Andy Myers
Thank you, Bo, and good morning, everyone. At this time, all participants are in a listen-only mode. After our brief remarks, instructions will follow to participate in a question-and-answer session.
Our disclosure rules and cautionary note on forward-looking statements are noted on Slide 2. During this presentation, we may make certain forward-looking statements, including issuing guidance and describing our future expectations. We must caution you that actual results could differ materially from what is discussed, described or implied in these statements. Factors that could cause actual results to differ include, but are not limited to, risk factors set forth in Item 1A of our annual report on Form 10-K or in our other filings made with the Securities and Exchange Commission.
The company undertakes no obligation to update or revise its forward-looking statements. Today's presentation includes certain non-GAAP measurements. A reconciliation of these measurements to corresponding GAAP measures is provided in our earnings release and in the appendix of our investor presentation.
A replay of the conference call and transcript will be archived on the company's Investor Relations website shortly following the call. The replay will be available until November 6, 2024.
Now I'd like to turn the call over to Frank Bozich.
Frank Bozich
Thanks, Andy, and welcome to our third quarter 2023 earnings call. I'd like to start with a discussion of our Q3 results. As expected, our Q3 sales volume was roughly flat to Q2 and consistent with the lower demand level we've seen over the past year. This reflects lower end customer demand, particularly in consumer durables, and building and construction, continued customer destocking as well as weaker market demand in Asia, leading to higher exports to Europe.