Trinseo PLC (NYSE:TSE) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET

Company Participants

Andy Myers - Director, Investor Relations
Frank Bozich - President and Chief Executive Officer
David Stasse - Executive Vice President and Chief Financial Officer

Conference Call Participants

David Begleiter - Deutsche Bank
Matthew Blair - TPH
Hassan Ahmed - Alembic Global Advisors
Kevin Estok - Jefferies
Ed Brucker - Barclays
Roger Spitz - Bank of America

Operator

Good morning, ladies and gentleman and welcome to the Trinseo First Quarter 2024 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 Wednesday, May 8. 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]

I will now hand the call over to Andy Myers.

Andy Myers

Thank you, Rob, 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 the 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. The 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 conference call. The replay will be available until May 8, 2025.

Now, I’d like to turn the call over to Frank Bozich.

Frank Bozich

Thanks, Andy, and welcome to our first quarter 2024 earnings call. Let me begin by saying how encouraged I am with how the first quarter progressed and how the second quarter has begun as profitability improved steadily over that period. The initial strength in volumes that we saw in January and February continued through March, resulting in our first year-over-year volume increase in two years and our highest volume quarter since Q3 2022.