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Business Wire
23-07-2025
- Business
- Business Wire
Orbia Announces Second Quarter 2025 Financial Results
MEXICO CITY--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) ('the Company' or 'Orbia') today released unaudited results for the second quarter of 2025. Orbia delivered revenues of $1.97 billion and EBITDA of $300 million for the second quarter of 2025, despite continued challenging market conditions in many parts of the world. However, we are beginning to observe early signs of stabilization and slight improvement in select markets. The Company made meaningful progress on its operational efficiency initiatives and maintained or improved its market position across most business groups. Q2 2025 Financial Highlights (All metrics are compared to Q2 2024 unless otherwise noted) Net revenues of $1,967 million were flat year-over-year, driven by lower revenues in Polymer Solutions and Building & Infrastructure offset by higher revenues in Fluor & Energy Materials, Connectivity Solutions and Precision Agriculture. EBITDA of $300 million decreased 10%, primarily driven by Polymer Solutions and Building & Infrastructure. Operating cash flow of $47 million improved by $43 million. The improvement was mainly due to lower interest expense and a lower cash impact from accruals, partially offset by lower EBITDA. Annual EBITDA guidance, adjusted for non-operating items, reaffirmed between $1,100 million and $1,200 million. 'Orbia's second quarter results reflect resilience amid a persistently challenging global economic landscape. Most of our markets seem to have stabilized at current levels, and in some cases are showing early signs of improvement with pockets of growth emerging in certain areas. We continue to make meaningful progress on the strengthening of our balance sheet through disciplined cost management, unlocking incremental EBITDA from recently completed growth investments, maintaining focused capital allocation, and advancing the divestiture of non-core assets. We also extended all material debt maturities out to 2030 and beyond during the quarter, raising approximately $1.4 billion to refinance existing debt. Looking ahead, we are confident in the compelling growth opportunities across each of our business segments. Our teams remain focused on what we can control— meeting our customers' needs, enhancing financial strength, driving free cash flow, and positioning Orbia for sustainable value creation,' said Sameer Bharadwaj, CEO of Orbia. Q2 2025 Consolidated Financial Information1 (All metrics are compared to Q2 2024 unless otherwise noted) mm US$ Second Quarter Financial Highlights 2025 2024 %Var. Net sales 1,967 1,976 0% Cost of Sales 1,534 1,474 4% Selling, general and administrative expenses 295 329 -10% Operating income 138 173 -20% EBITDA 300 334 -10% EBITDA margin 15.2% 16.9% -166 bps Financial cost 96 35 171% Earnings before taxes 43 139 -69% Income tax expense (benefit) 143 (85) N/A Consolidated net (loss) income (100) 224 N/A Net majority (loss) income (126) 195 N/A Operating cash flow 47 4 N/A Capital expenditures (97) (107) -10% Free cash flow (82) (130) -37% Net debt 4,016 3,838 5% Expand Net revenues of $1,967 million in the second quarter were flat year-over-year. The result in revenues for the quarter was driven by lower prices in Polymer Solutions and lower volumes in certain countries within Building & Infrastructure. These were offset by increases in Fluor & Energy Materials, Connectivity Solutions and Precision Agriculture compared to the prior year quarter. ____________________ 1 Unless noted otherwise, all figures in this release are derived from the Consolidated Financial Statements of the Company as of June 30, 2025 and 2024 and are prepared in accordance with International Accounting Standards 34 'Interim Financial Reporting' of the International Financial Reporting Standards (IFRS), which have been published in the Bolsa Mexicana de Valores (BMV). See Notes and Definitions at the end of this release for further explanation of terms used herein. Expand Cost of goods sold of $1,534 million for the quarter increased 4% compared to the same quarter of the prior year. The increase in cost of goods sold for the quarter was primarily driven by higher raw material costs in Polymer Solutions and Fluor & Energy Materials, partly offset by the benefits from cost savings initiatives and operational efficiencies across all business groups. Selling, general and administrative expenses of $295 million for the quarter decreased 10% compared to the same quarter of last year. As a percentage of sales, SG&A decreased 163 basis points to 15.0%. The decrease in selling, general and administrative expenses for the quarter was primarily due to the benefits from cost savings initiatives. EBITDA of $300 million for the quarter decreased 10%, while EBITDA margin decreased 166 basis points to 15.2%. The decrease in EBITDA and EBITDA margin was due to lower revenues and prices in Polymer Solutions, unfavorable product mix in Building & Infrastructure and generally higher input costs. Financial costs of $96 million for the quarter increased by approximately $60 million year-over-year. The increase in financial costs for the quarter was mainly driven by a shift from an FX gain in the prior year to a slight loss in the current year, primarily driven by the appreciation of the Mexican Peso. An income tax expense of $143 million was recognized for the quarter compared to an income tax benefit of $85 million in the same quarter in the prior year, driven by a shift in the Company's earnings profile between the two periods. The effective tax rate for the quarter was 334%, primarily driven by the earnings mix across tax jurisdictions, the appreciation of the Mexican Peso against the U.S. Dollar, and inflation adjustments in certain countries. Excluding the impact of these discrete factors, the effective tax rate was approximately 124%, which remains elevated due to the relatively low level of pre-tax earnings for the quarter. The effective tax rate for the quarter is not reflective of Orbia's normalized rate which is typically 27% to 32%2. Net loss to majority shareholders of $126 million in the quarter decreased, compared to a net income of $195 million in the same quarter in the prior year. The decrease was driven by higher taxes, higher financial costs and the decrease in operating income. Operating cash flow of $47 million in the quarter improved by $43 million, while free cash flow of negative $82 million improved by $48 million. The improvements were mainly due to lower interest expense and a lower cash impact from incentive compensation payments and accruals, partially offset by lower EBITDA. Net debt of $4,016 million included total debt of $4,875 million, less cash and cash equivalents of $859 million. The Company's net debt-to-EBITDA increased from 3.67x to 3.98x compared to the previous quarter. The increase in the net debt-to-EBITDA ratio during the second quarter was primarily driven by an increase in total debt of $189 million and a decrease in the last 12-months EBITDA of approximately $34 million. Net debt-to-EBITDA at the end of the second quarter using EBITDA adjusted3 for non-operating items to better reflect underlying earnings increased from 3.23x to 3.51x. ____________________ 2 Excluding the impact of inflation and foreign exchange rate changes in Mexico. 3 Adjusted EBITDA is EBITDA adjusted for items that have a limited number of occurrences, are clearly identifiable and not reflective of ongoing business performance. Expand Q2 2025 Revenues by Region (All metrics are compared to Q2 2024 unless otherwise noted) mm US$ Second Quarter Region 2025 2024 % Var. Prev Year % Revenue North America 679 728 -7% 34% Europe 624 582 7% 32% South America 404 387 4% 21% Asia 207 217 -5% 11% Africa and others 53 62 -13% 3% Total 1,967 1,976 0% 100% Expand Q2 2025 Financial Performance by Business Group (All metrics are compared to Q2 2024 unless otherwise noted) Polymer Solutions (Vestolit and Alphagary), 30.4% of Revenues Orbia's Polymer Solutions business group (commercial brands Vestolit and Alphagary) focuses on general purpose and specialty PVC resins (polyvinyl chloride), PVC and zero-halogen specialty compounds with a wide variety of applications in everyday products for everyday life, from pipes and cables to household appliances and medical devices. The business group supplies Orbia's downstream businesses and a global customer base. mm US$ Second Quarter Polymer Solutions 2025 2024 %Var. Total sales* 616 644 -4% Operating income 13 39 -66% EBITDA 79 107 -26% *Intercompany sales were $34 million and $51 million in Q2 25 and Q2 24, respectively. Expand Revenues of $616 million decreased 4%. EBITDA of $79 million decreased 26% and EBITDA margin decreased 374 basis points to 12.8%. The decrease in revenues for the quarter was driven by lower resin pricing and an operational disruption in derivatives, which was addressed by the end of the quarter. Second quarter EBITDA decreased year-over-year, driven primarily by lower revenues, the operational disruption in derivatives and higher input costs. Building & Infrastructure (Wavin), 31.0% of Revenues Orbia's Building & Infrastructure business group (commercial brand Wavin) is redefining today's pipes and fittings industry by creating solutions that last longer and perform better, all with less installation labor required. The business group benefits from supply chain integration with the Polymer Solutions business group, a customer base spanning three continents, and investments in sustainable, resilient technologies for water and indoor climate management. mm US$ Second Quarter Building & Infrastructure 2025 2024 %Var. Total sales 629 665 -5% Operating income 28 42 -33% EBITDA 63 78 -19% Expand Revenues of $629 million decreased 5%. EBITDA of $63 million decreased 19% and EBITDA margin decreased 162 basis points to 10.1%. The decrease in revenues for the quarter was driven by lower volumes in India (as a result of the sale of the tanks business) and Mexico, and an unfavorable product mix, partly offset by strong performance in the U.K. and increased volumes in Indonesia. Second quarter EBITDA decreased year-over-year, driven by unfavorable product mix in Western Europe, and lower revenue in Mexico and India, partially offset by the U.K., Indonesia, Eastern Europe and Brazil and continued benefits from cost saving initiatives. Precision Agriculture (Netafim), 14.2% of Revenues Orbia's Precision Agriculture business group's (commercial brand Netafim) leading-edge irrigation systems, services and digital farming technologies enable stakeholders to achieve significantly higher and better-quality yields while using less water, fertilizer and other inputs. By helping farmers worldwide grow more with less, the business group is contributing to feeding the planet efficiently and sustainably. mm US$ Second Quarter Precision Agriculture 2025 2024 %Var. Total sales 288 284 2% Operating income 12 13 -5% EBITDA 40 39 1% Expand Revenues of $288 million increased 2%. EBITDA of $40 million slightly increased year-over-year and EBITDA margin decreased 14 basis points to 13.8%. The increase in revenues for the quarter was primarily driven by Brazil, U.S. and Peru, partially offset by declines in Mexico and Chile and lower greenhouse projects activity. Second quarter EBITDA increased slightly year-over-year, driven by higher revenues and a favorable product mix. Fluor & Energy Materials, 12.2% of Revenues Orbia's Fluor & Energy Materials business group provides fluorine and downstream products that support modern, efficient living. The business group owns and operates the world's largest fluorspar mine and produces intermediates, refrigerants and propellants used in automotive, infrastructure, semiconductor, health, medicine, climate control, food cold chain, energy storage, computing and telecommunications applications. mm US$ Second Quarter Fluor & Energy Materials 2025 2024 %Var. Total sales 247 230 7% Operating income 55 64 -15% EBITDA 72 81 -11% Expand Revenues of $247 million increased 7%. EBITDA of $72 million decreased 11% and EBITDA margin decreased 606 basis points to 29.2%. The increase in revenues for the quarter was primarily driven by favorable prices in upstream minerals and a favorable product mix. These gains were partially offset by lower upstream minerals volumes and an unfavorable refrigerant gas mix. Second quarter EBITDA decreased year-over-year driven by higher input costs across key raw materials and unfavorable currency fluctuations, partially offset by a favorable product mix and the benefits from cost saving initiatives. Connectivity Solutions (Dura-Line), 12.1% of Revenues Orbia's Connectivity Solutions business group (commercial brand Dura-Line) produces more than 500 million meters of essential and innovative connectivity infrastructure per year to bring a world's worth of information everywhere. The business group produces telecommunications conduit, cable-in-conduit and other HDPE products and solutions that create physical pathways for fiber and other network technologies connecting cities, homes and people. mm US$ Second Quarter Connectivity Solutions 2025 2024 %Var. Total sales 246 236 4% Operating income 26 29 -11% EBITDA 41 41 1% Expand Revenues of $246 million increased 4%. EBITDA of $41 million increased 1% and EBITDA margin decreased 64 basis points to 16.6%. The increase in revenues for the quarter was driven by higher volumes supported by increased demand in North America telecommunications and data center markets as well as a favorable product mix, partially offset by lower prices. Second quarter EBITDA increased year-over-year primarily driven by higher revenues, favorable costs, partially offset by lower prices. Balance Sheet, Liquidity and Capital Allocation Orbia's net debt-to-EBITDA ratio increased from 3.39x to 3.98x year-over-year primarily driven by an increase of $179 million in net debt and a reduction of $124 million in the last 12-months EBITDA. The Company had cash on hand of $859 million at the end of the quarter compared to $797 million during the prior year quarter. The increase in net debt is due to an increase in borrowings of $104 million and the negative impact of the strengthening of the Mexican Peso. Adjusted net debt-to-EBITDA4 for the quarter, was 3.51x as compared to 3.04x at the end of 2024 and 3.23x at the end of the prior quarter. On April 11, 2025, Orbia issued long-term notes (certificados bursátiles) in the Mexican debt market, for approximately $300 million, split evenly between 3 and 10 years notes. The proceeds of the notes were used to refinance its short-term maturities in the local market. On April 30, 2025, Orbia issued senior notes due 2030 and 2035, for approximately $1,100 million. The proceeds of the notes have been used primarily to refinance the previous Senior Notes due in 2026 and 2027. Orbia has redeemed and cancelled its 2026 Senior Notes and a portion of its 2027 Senior Notes. The Company plans to redeem the remaining 2027 Senior Notes on the next eligible redemption date, in accordance with the underlying indenture. Working capital increased by $111 million during the quarter compared to an increase of $56 million in the prior-year quarter. These are seasonal increases that follow the operational trends of the Company's businesses, and which are liquidated in the later part of the year. Capital expenditures of $97 million during the quarter decreased 10% year-over-year, including ongoing maintenance spending and investments to support the Company's targeted growth initiatives. ____________________ 4 Adjusted EBITDA is EBITDA adjusted for items that have a limited number of occurrences, are clearly identifiable and not reflective of ongoing business performance. Expand 2025 Outlook The underlying assumptions for the most recent guidance remain generally unchanged. Therefore, Orbia reaffirms its full-year 2025 Adjusted5 EBITDA guidance in the range of $1,100 million to $1,200 million. The Company also reaffirms its 2025 capital expenditures guidance of approximately $400 million or less, with a continued focus on investments to ensure safety and operational integrity, completing growth projects under execution that are close to revenue and being extremely selective on any new growth investments. Excluding discrete items that do not reflect ongoing operational results such as foreign exchange rate changes and inflation adjustments, as well as other non-recurring items, the Company estimates an effective tax rate of 27% to 32%6 in 2025. Orbia remains committed to managing global tax risks amid a volatile currency and inflation environment and will continue to monitor local tax developments as conditions evolve. For each of Orbia's businesses the Company is assuming the following: Polymer Solutions: Persistent soft market dynamics, driven by excess supply and lower export prices out of China and the U.S. are expected to continue for the remainder of the year. The full year performance is expected to be lower than last year due to the one-off impacts of the raw material supply disruption and operational challenges in derivatives experienced during the first half of the year. With these issues behind, the business expects that second half results will improve compared to first half results. In this environment, Orbia remains focused on realizing the benefits of cost saving initiatives and disciplined cash management. Persistent soft market dynamics, driven by excess supply and lower export prices out of China and the U.S. are expected to continue for the remainder of the year. The full year performance is expected to be lower than last year due to the one-off impacts of the raw material supply disruption and operational challenges in derivatives experienced during the first half of the year. With these issues behind, the business expects that second half results will improve compared to first half results. In this environment, Orbia remains focused on realizing the benefits of cost saving initiatives and disciplined cash management. Building & Infrastructure: The business expects modest growth from new product launches and stabilization across key markets despite continued challenging market conditions in Western Europe and Mexico. The business will continue its focus on realizing operational cost efficiencies to improve profitability. The business expects modest growth from new product launches and stabilization across key markets despite continued challenging market conditions in Western Europe and Mexico. The business will continue its focus on realizing operational cost efficiencies to improve profitability. Precision Agriculture: Market conditions are expected to remain stable to slightly improving, supported by recent positive momentum in Brazil, the U.S. and Turkey. The Company anticipates continued strong performance in parts of Latin America and projects in Africa. The business will remain focused on driving growth through deeper penetration in extensive crops, while maintaining a consistent emphasis on cost management and working capital improvements. Market conditions are expected to remain stable to slightly improving, supported by recent positive momentum in Brazil, the U.S. and Turkey. The Company anticipates continued strong performance in parts of Latin America and projects in Africa. The business will remain focused on driving growth through deeper penetration in extensive crops, while maintaining a consistent emphasis on cost management and working capital improvements. Fluor & Energy Materials: The business anticipates continued strength in fluorine markets, with demand and pricing expected to remain stable or show modest improvement through the remainder of the year, helping offset input cost increases. To support margins, cost-control initiatives will remain a priority, alongside active product portfolio management focused on maximizing value creation. The business anticipates continued strength in fluorine markets, with demand and pricing expected to remain stable or show modest improvement through the remainder of the year, helping offset input cost increases. To support margins, cost-control initiatives will remain a priority, alongside active product portfolio management focused on maximizing value creation. Connectivity Solutions: Volumes are expected to continue growing throughout the year, supported by sustained momentum in network deployment, datacenter demand and investment in the power sector. Profitability growth will be driven by increased demand, along with benefits from cost-saving initiatives and higher utilization of manufacturing facilities, partly offset by a weak pricing environment. ____________________ 5 Adjusted EBITDA is EBITDA adjusted for items that have a limited number of occurrences, are clearly identifiable and not reflective of ongoing business performance. 6 Excluding the impact of inflation and foreign exchange rate changes in Mexico. Expand Conference Call Details Orbia will host a conference call to discuss second quarter 2025 results on June 24, 2025, at 9:00 AM Central Time (CT; Mexico City)/11:00 AM Eastern Time (ET; New York). To access the call, please dial 001-855-817-7630 (Mexico), 1-888-339-0721 (United States) or 1-412-317-5247 (International). Participants may pre-register for the conference call here. The live webcast can be accessed here. A recording of the webcast will be posted several hours after the call is completed on Orbia's website. For all company news, please visit Consolidated Income Statement mm US$ Second Quarter January - June Income Statement 2025 2024 % 2025 2024 % Net sales 1,967 1,976 0% 3,778 3,839 -2% Cost of sales 1,534 1,474 4% 2,951 2,905 2% Gross profit 433 502 -14% 827 934 -11% Selling, general and administrative expenses 295 329 -10% 648 655 -1% Operating income 138 173 -20% 179 279 -36% Financial cost (income) 96 35 171% 172 174 -1% Equity in income of associated entity 1 1 60% 2 2 39% Impairment expense - - N/A - - N/A Income (loss) from continuing operations before income tax 43 139 (0) 9 107 (0) Income tax 143 (85) N/A 138 (70) N/A (Loss) Income from continuing operations (100) 224 N/A (129) 177 N/A Discontinued operations - - N/A - - N/A Consolidated net (loss) income (100) 224 N/A (129) 177 N/A Minority stockholders 26 29 -10% 51 56 -8% Majority Net (loss) income (126) 195 N/A (180) 121 N/A EBITDA 300 334 -10% 498 587 -15% Expand Consolidated Balance Sheet mm US$ Balance sheet Jun 2025 Dec 2024 Jun 2024 Total assets 11,608 11,057 11,214 Current assets 4,057 3,610 3,800 Cash and temporary investments 859 1,009 797 Receivables 1,893 1,448 1,733 Inventories 1,217 1,098 1,186 Others current assets 88 55 84 Non current assets 7,551 7,447 7,414 Property, plant and equipment, net 3,330 3,271 3,316 Right of use fixed assets, net 466 431 476 Intangible assets and goodwill 3,049 3,028 3,069 Long-term assets 706 717 553 Total liabilities 8,646 8,077 8,156 Current liabilities 2,629 2,628 2,515 Current portion of long-term debt 325 548 317 Suppliers 953 821 804 Letters of credit 421 395 387 Short-term leasings 133 111 118 Other current liabilities 797 753 889 Non current liabilities 6,017 5,449 5,641 Long-term debt 4,550 4,078 4,318 Long-term employee benefits 146 130 134 Long-term deferred tax liabilities 378 345 335 Long-term leasings 366 346 376 Other long-term liabilities 577 550 478 Consolidated shareholders' equity 2,962 2,980 3,058 Minority shareholders' equity 533 547 601 Majority shareholders' equity 2,429 2,433 2,457 Total liabilities & shareholders' equity 11,608 11,057 11,214 Expand Cash Flow Statement Second Quarter January - June mm US$ 2025 2024 %Var. 2025 2024 % Var. EBITDA 300 334 -10% 498 587 -15% Taxes paid, net (55) (48) 14% (105) (94) 12% Net interest / bank commissions (73) (92) -21% (143) (156) -8% Change in trade working capital (111) (56) 98% (280) (249) 13% Others (other assets - provisions, Net) (23) (98) -76% 24 (89) N/A CTA and FX 9 (36) N/A 31 (45) N/A Operating cash flow 47 4 997% 25 (46) N/A Capital expenditures (97) (107) -10% (202) (239) -16% Leasing payments (32) (27) 18% (60) (46) 30% Free cash flow (82) (130) -37% (237) (331) -28% FCF conversion (%) -27.4% -39.0% -47.5% -56.4% -100% Dividends to shareholders - (80) -100% - (80) -100% Buy-back shares program - - 1 - Debt 104 26 294% 163 (147) N/A Minority interest payments (36) (32) 13% (63) (59) 8% Mergers & acquisitions 19 (0) N/A 19 (0) N/A Financial instruments and others (6) (37) -83% (33) (42) -22% Net change in cash (1) (253) -100% (150) (659) -77% Initial cash balance 860 1,050 -18% 1,009 1,456 -31% Cash balance 859 797 8% 859 797 8% Expand Notes and Definitions The results contained in this release have been prepared in accordance with International Financial Reporting Standards ('NIIF' or 'IFRS') with U.S. Dollars as the reporting currency. Figures are presented in millions, unless specified otherwise. Figures and percentages have been rounded and may not add up. About Orbia Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building & Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluor & Energy Materials sectors. The five Orbia business groups have a collective focus on expanding access to health and well-being, reinventing the future of cities and homes, ensuring food, water and sanitation security, connecting communities to information and enabling the energy transition with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 23,000 employees, commercial activities in more than 100 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. The company generated $7,506 million in revenue in 2024. To learn more, visit: Prospective Information In addition to historical information, this press release contains "forward-looking" statements that reflect management's expectations for the future. The words 'anticipate,' 'believe,' 'expect,' 'hope,' 'have the intention of,' 'might,' 'plan,' 'should' and similar expressions generally indicate comments on expectations. The forward-looking statements included in this press release are subject to a number of material risks and uncertainties, and our results may be materially different from current expectations due to factors, which include, but are not limited to, global and local changes in politics, economic factors, business, competition, market and regulatory factors, cyclical trends in relevant sectors as well as other factors affecting our operations, markets, products, services and prices that are highlighted under the title 'Risk Factors' in the annual report submitted by Orbia to the Mexican National Banking and Securities Commission (CNBV) and available on our website at Investor Relations | Orbia. The forward-looking statements included herein represent Orbia's views as of the date of this press release. Orbia undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law.' Orbia has implemented a Code of Ethics that helps define our obligations to and relationships with our employees, clients, suppliers, and others. Orbia's Code of Ethics is available for consultation at the following link: Additionally, according to the terms contained in the Mexican Securities Exchange Act No 42, the Orbia Audit Committee has established a 'hotline' system permitting any person who is aware of a failure to adhere to applicable operational and accounting records guidelines, internal controls or the Code of Ethics, whether by the Company itself or any of its controlled subsidiaries, to file a complaint (including anonymously). This system is operated by an independent third-party service provider. The system may be accessed via telephone in Mexico, via internet at or via email at ethics@ Orbia's Audit Committee has oversight responsibility for ensuring that all such complaints are appropriately investigated and resolved.
Zawya
17-06-2025
- Automotive
- Zawya
Middle East Rubber and Tyre Expo 2025 kicks off at Expo Centre Sharjah with over 80 exhibitors
Sharjah, The Middle East Rubber and Tyre Expo (MRTE 2025) kicked off today, Tuesday, at Expo Centre Sharjah, and will run until June 19. Launched with support from the Sharjah Chamber of Commerce and Industry (SCCI) and organized by TechnoBiz, the exhibition features the participation of over 80 exhibitors representing major local and global tyre manufacturing companies. The exhibition was officially inaugurated by H.E Abdallah Sultan Al Owais, Chairman of SCCI and Expo Centre Sharjah. The opening was attended by H.E Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah; Sultan Shattaf, Commercial Director of Expo Centre Sharjah; and Peram Prasada Rao, CEO of TechnoBiz, along with representatives from participating companies. Following the inauguration, the attendees toured the exhibition diverse pavilions, where they explored a wide range of high-quality tyre products, polymer and rubber solutions, and state-of-the-art tyre manufacturing technologies, equipment, and technical services. This year's edition of the Middle East Rubber and Tyre Expo marks the largest iteration to date, held concurrent with four industry events: the Middle East RotoMoulding Trade Expo, Middle East Polymer & Cable Expo, Middle East Compound & Extrusion Expo 2025 (MCEE 2025), and Middle East Polymer Week 2025. These events collectively provide an integrated platform for fostering collaboration, sharing expertise, and gaining insight into the accelerating developments across the polymer value chain. In his remarks, H.E Abdallah Sultan Al Owais affirmed Sharjah Chamber's commitment to supporting events that reinforce the emirate's position as a leading economic and industrial hub. 'These events are designed to offer productive platforms for knowledge and expertise exchange, thereby enhancing the competitiveness of local enterprises in regional and global markets, fostering strategic business partnerships, and attracting high-value investments that advance the industrial economic landscape,' he said. H.E Saif Mohammed Al Midfa stated that Expo Centre Sharjah continues to strengthen its position as a premier destination for hosting specialized exhibitions that serve critical economic sectors in both domestic and regional markets. He noted that the record scale of this year's edition, measured by exhibitor count, company profile, and the range of technologies presented, reflects the strong confidence global and local firms place in Expo Sharjah as a strategic platform for deal-making, fostering partnerships, and exploring the latest innovations in the manufacturing, rubber, tire, and polymer industries. For his part, Peram Prasada Rao said that MRTE 2025 is not merely a trade exhibition, but a platform for knowledge exchange and collaborative networking, bringing together leading minds and technologies in the polymer industry. 'The Middle East Polymer Week is a vital initiative. It empowers professionals with the latest knowledge and connects them with global experts. Events like this are essential for driving sustainable growth and innovation in the rubber and tire industry,' he added. A major highlight of this year's edition of Middle East Rubber and Tyre Expo is the Sri Lanka Rubber and Tyre Pavilion, supported by the Export Development Board of Sri Lanka. Featuring 12 leading Sri Lankan manufacturers, the pavilion offers visitors a unique opportunity to explore a wide range of high-quality rubber and tyre products, advanced technical solutions, and specialized consulting services aimed at enhancing the efficiency of the rubber and plastics sector. This reinforces the exhibition's status as a key regional platform for industrial innovation and development. It also offers visitors valuable opportunities to establish new trade relationships with South Asian partners, particularly as Sri Lanka's rubber exports to the UAE reached approximately USD 6.92 million in 2024. The exhibition, open to visitors from 10:00 a.m. to 6:00 p.m., also features the Middle East Polymer Week, a specialized program offering technical training sessions, expert presentations, and professional development opportunities.
Yahoo
24-04-2025
- Business
- Yahoo
Orbia Announces First Quarter 2025 Financial Results
MEXICO CITY, April 24, 2025--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) ("the Company" or "Orbia") today released unaudited results for the first quarter of 2025. Orbia delivered reported EBITDA of $198 million for the first quarter of 2025. Adjusted EBITDA1 was $260 million when adding back legal and restructuring costs, and the impact of a raw material supply disruption. Q1 2025 Financial Highlights (All metrics are compared to Q1 2024 unless otherwise noted) Net revenues of $1,811 million decreased 3%, driven by lower revenues in Polymer Solutions and Building & Infrastructure, partly offset by higher revenues in Fluor & Energy Materials and Precision Agriculture. Reported EBITDA of $198 million decreased 21%, primarily driven by Polymer Solutions and Building & Infrastructure. Adjusted EBITDA, was $260 million, an increase of 3%. Operating cash outflow of $22 million improved by $28 million. The improvement was mainly due to effective working capital management and positive currency fluctuations, partially offset by lower EBITDA. 1 Adjusted EBITDA is EBITDA adjusted for items that have a limited number of occurrences, are clearly identifiable and not reflective of ongoing business performance. "Our first-quarter results demonstrate the resilience of our businesses across market cycles. Adjusted EBITDA for the quarter improved compared to the same period last year. Overall, our end markets were reasonably stable, with softness in some markets largely offset by stability and improvements in others. We remain focused on managing what we can control while exercising strong financial discipline in the current market environment. We continue to strengthen our leading market positions, make significant progress in cost optimization and non-core asset divestments, and improve our balance sheet—all to achieve our long-term strategic objectives," said Sameer Bharadwaj, CEO of Orbia. Q1 2025 Consolidated Financial Information2(All metrics are compared to Q1 2024 unless otherwise noted) mm US$ First Quarter Financial Highlights 2025 2024 %Var. Net sales 1,811 1,863 -3% Cost of Sales 1,417 1,431 -1% Selling, general and administrative expenses 353 326 8% Operating income 41 106 -61% EBITDA 198 253 -21% Adjusted EBITDA 260 253 3% EBITDA margin 11.0% 13.6% -261 bps Financial cost (income) 76 139 -45% Earnings before taxes (34) (32) 7% Income tax (5) 15 N/A Consolidated net (loss) income (29) (47) -38% Net majority (loss) income (54) (74) -27% Operating cash flow (22) (50) -57% Capital expenditures (105) (132) -20% Free cash flow (155) (201) -23% Net debt 3,826 3,678 4% 2 Unless noted otherwise, all figures in this release are derived from the Consolidated Financial Statements of the Company as of March 31, 2024 and 2025 and are prepared in accordance with International Accounting Standards 34 "Interim Financial Reporting" of the International Financial Reporting Standards (IFRS), which have been published in the Bolsa Mexicana de Valores (BMV). See Notes and Definitions at the end of this release for further explanation of terms used herein. Net revenues of $1,811 million in the first quarter decreased 3%. The decrease in revenues for the quarter was driven by Polymer Solutions, due to lower prices and the impact from operational disruption at one of our key suppliers, and Building & Infrastructure, due to weakness in parts of Continental Europe and Mexico, partly offset by strength in Brazil and the U.K. and contribution from the new manufacturing plant in Indonesia. Fluor & Energy Materials and Precision Agriculture both delivered growth in revenues from the prior year quarter. Cost of goods sold of $1,417 million for the quarter decreased 1% compared to the same quarter of the prior year. The decrease in cost of goods sold for the quarter was primarily driven by the benefits from cost savings initiatives and operational efficiencies, partly offset by impact of a raw material supply disruption. Selling, general and administrative expenses of $353 million for the quarter increased 8% compared to the same quarter of last year. As a percentage of sales, SG&A increased 198 basis points to 19.5%. The increase in selling, general and administrative expenses for the quarter was primarily due to the unfavorable impact of legal and restructuring costs. Excluding depreciation and legal and restructuring costs, SG&A decreased by $16 million. EBITDA of $198 million for the quarter decreased 21%, while EBITDA margin decreased 261 basis points to 11.0%. Adjusted EBITDA was $260 million in the quarter, representing an increase of 3%. Adjusted EBITDA margin was 14.4% in the quarter. The decrease in EBITDA and EBITDA margin was due to non-operating costs described before and lower revenues in Polymer Solutions and Building & Infrastructure. Financial costs of $76 million for the quarter decreased by approximately $63 million year-over-year. The decrease in financial costs for the quarter was mainly driven by a shift from an FX loss in the prior year to a slight benefit in the current year. In addition, results included a benefit in derivative financial instruments. An income tax benefit of $5 million was recognized for the quarter compared to an income tax expense of $15 million in the same quarter in the prior year. The effective tax rate for the quarter was 13.3%. The effective tax rate for the quarter was primarily driven by our earnings mix and inflation adjustments on deferred tax assets offset by additional valuation allowances recognized in various regions. Excluding the impact of these discrete factors, the effective tax rate was 3.2%. Net loss to majority shareholders of $54 million in the quarter improved by $20 million compared to the prior year. The improvement was driven by lower financial costs and taxes, partially offset by the decrease in operating income. Operating cash outflow was a use of $22 million in the quarter improved by $28 million, while free cash flow of negative $155 million improved by $46 million. The improvements were mainly due to effective working capital management, positive currency fluctuations and lower capital expenditures, partially offset by lower EBITDA. Net debt of $3,826 million included total debt of $4,686 million, less cash and cash equivalents of $860 million. The Company's net debt-to-EBITDA increased from 3.30x to 3.67x compared to year end 2024. The increase in the net debt-to-EBITDA ratio during the first quarter was driven by a decrease in cash of $149 million, an increase in total debt of $60 million and a decrease in the last 12-months EBITDA of approximately $55 million. Net debt-to-EBITDA at the end of the first quarter using adjusted EBITDA to better reflect underlying earnings increased from 3.04x to 3.23x. Q1 2025 Revenues by Region(All metrics are compared to Q1 2024 unless otherwise noted) mm US$ First Quarter Region 2024 2023 % Var. Prev Year % Revenue North America 613 671 -9% 34% Europe 585 588 0% 32% South America 394 375 5% 22% Asia 171 176 -3% 9% Africa and others 48 53 -10% 3% Total 1,811 1,863 -3% 100% Q1 2025 Financial Performance by Business Group(All metrics are compared to Q1 2024 unless otherwise noted) Polymer Solutions (Vestolit and Alphagary), 32.1% of RevenuesOrbia's Polymer Solutions business group (commercial brands Vestolit and Alphagary) focuses on general purpose and specialty PVC resins (polyvinyl chloride), PVC and zero-halogen specialty compounds with a wide variety of applications in everyday products for everyday life, from pipes and cables to household appliances and medical devices. The business group supplies Orbia's downstream businesses and a global customer base mm US$ First Quarter Polymer Solutions 2025 2024 %Var. Total sales* 600 658 -9% Operating (loss) income (6) 24 N/A EBITDA 57 86 -34% Adjusted EBITDA 70 86 -19% *Intercompany sales were $33 million and $35 million in Q1 25 and Q1 24, respectively. Revenues of $600 million decreased 9%. EBITDA of $57 million decreased 34% and EBITDA margin decreased 359 basis points to 9.5%. Excluding the impact related to a raw material supply disruption, adjusted EBITDA was $70 million, representing a decrease of 19%. Adjusted EBITDA margin was 11.7% for the quarter. The decrease in revenues for the quarter was largely driven by a persistent weak pricing environment and the operational disruption at one of the Company's key raw material suppliers. First quarter EBITDA decreased year-over-year, driven by lower revenue and higher input costs, partly offset by benefits from cost reduction initiatives. Building & Infrastructure (Wavin), 31.4% of RevenuesOrbia's Building & Infrastructure business group (commercial brand Wavin) is redefining today's pipes and fittings industry by creating solutions that last longer and perform better, all with less installation labor required. The business group benefits from supply chain integration with the Polymer Solutions business group, a customer base spanning three continents, and investments in sustainable, resilient technologies for water and indoor climate management. mm US$ First Quarter Building & Infrastructure 2025 2024 %Var. Total sales 586 622 -6% Operating income 3 33 -92% EBITDA 37 65 -43% Adjusted EBITDA 64 65 -2% Revenues of $586 million decreased 6%. EBITDA of $37 million decreased 43% and EBITDA margin decreased 415 basis points to 6.3%. Excluding one-time restructuring costs, adjusted EBITDA was $64 million, representing a decrease of 2%. Adjusted EBITDA margin was 10.9% for the quarter. The decrease in revenues for the quarter was driven by weakness in parts of Continental Europe and Mexico, partly offset by strength in Brazil and the U.K. and contribution from the new manufacturing plant in Indonesia. First quarter EBITDA decreased year-over-year, driven by restructuring costs and lower revenue, partially offset by operational costs savings. Precision Agriculture (Netafim), 14.5% of RevenuesOrbia's Precision Agriculture business group's (commercial brand Netafim) leading-edge irrigation systems, services and digital farming technologies enable stakeholders to achieve significantly higher and better-quality yields while using less water, fertilizer and other inputs. By helping farmers worldwide grow more with less, the business group is contributing to feeding the planet efficiently and sustainably. mm US$ First Quarter Precision Agriculture 2025 2024 %Var. Total sales 271 256 6% Operating income (loss) 6 2 202% EBITDA 33 29 16% Adjusted EBITDA 37 29 28% Revenues of $271 million increased 6%. EBITDA of $33 million increased 16% and EBITDA margin increased 110 basis points to 12.3%. Excluding one-time restructuring costs, adjusted EBITDA was $37 million, representing an increase of $8 million, or 28%. Adjusted EBITDA margin was 13.6% for the quarter. The increase in revenues for the quarter was primarily driven by Brazil and Peru, partially offset by declines in Mexico and Northern Europe. First quarter EBITDA increased year-over-year, driven by higher revenues and cost saving efforts. Fluor & Energy Materials (Koura), 11.6% of RevenuesOrbia's Fluor & Energy Materials business group (commercial brand Koura) provides fluorine and downstream products that support modern, efficient living. The business group owns and operates the world's largest fluorspar mine and produces intermediates, refrigerants and propellants used in automotive, infrastructure, semiconductor, health, medicine, climate control, food cold chain, energy storage, computing and telecommunications applications. mm US$ First Quarter Fluor & Energy Materials 2025 2024 %Var. Total sales 216 190 14% Operating income 48 40 22% EBITDA 64 54 18% Revenues of $216 million increased 14%. EBITDA of $64 million increased 18% and EBITDA margin increased 93 basis points to 29.5%. The increase in revenues for the quarter was primarily driven by higher refrigerant volumes and stable prices across the upstream minerals portfolio. First quarter EBITDA increased year-over-year driven by higher revenue and a reduction in fixed costs, partly offset by higher raw materials costs. Connectivity Solutions (Dura-Line), 10.4% of RevenuesOrbia's Connectivity Solutions business group (commercial brand Dura-Line) produces more than 500 million meters of essential and innovative connectivity infrastructure per year to bring a world's worth of information everywhere. The business group produces telecommunications conduit, cable-in-conduit and other HDPE products and solutions that create physical pathways for fiber and other network technologies connecting cities, homes and people. mm US$ First Quarter Connectivity Solutions 2025 2024 %Var. Total sales 194 197 -1% Operating income 13 14 -10% EBITDA 26 24 12% Revenues of $194 million decreased 1%. EBITDA of $26 million increased 12% and EBITDA margin increased 167 basis points to 13.6%. The slight decrease in revenues for the quarter was driven by lower prices, partially offset by higher volumes. First quarter EBITDA increased year-over-year primarily due to higher volume, favorable input costs and cost savings, partially offset by lower prices. Balance Sheet, Liquidity and Capital Allocation Orbia's net debt-to-EBITDA ratio increased from 2.96x to 3.67x year-over-year primarily driven by a reduction of $200 million in the last 12-months EBITDA and an increase of $148 million in net debt. The Company had cash on hand of $860 million at the end of the quarter compared to $1,050 million during the prior year quarter. During the quarter Orbia increased its borrowings by approximately $59 million due to the normal seasonality of its operations. Adjusted net debt-to-EBITDA for the quarter, was 3.23x as compared to 3.04x at the end of 2024. On April 11, 2025, Orbia issued long-term notes (certificados bursátiles) in the Mexican debt market, for approximately $300 million. The proceeds of the notes will be used to refinance the previous ORBIA 22L issuance and to repay other debt obligations in Mexico. Working capital increased by $169 million during the quarter compared to an increase of $193 million in the prior-year quarter. These are seasonal increases that follow the operational trends of the Company's businesses, and which are liquidated in the later part of the year. Capital expenditures of $105 million during the quarter decreased 20% year-over-year, including ongoing maintenance spending and investments to support the Company's targeted growth initiatives. 2025 Outlook In light of the current business environment, the Company anticipates that 2025 adjusted EBITDA will be approximately $1,100 - 1,200 million. Considering market conditions, capital expenditures for 2025 will be actively managed to approximately $400 million or less, with a primary focus on investments to ensure safety and operational integrity, completing growth projects under execution that are close to revenue and being extremely selective on any new growth investments. Excluding the discrete items stated in the tax section above as well as foreign exchange rate changes in Mexico, the Company estimates an effective tax rate of 27% to 31%3 in 2025. For each of Orbia's businesses the Company is assuming the following: Polymer Solutions: Challenging market dynamics, driven by excess supply and lower export prices out of China and the U.S. are expected to continue. This is somewhat mitigated by the fact that the Company's primary markets are in Europe and Latin America where market dynamics are more favorable. In this environment, Orbia remains focused on capturing the benefits of footprint optimization efforts, while maintaining strict discipline around fixed costs, working capital, and capital investments. These actions are aimed at improving both profitability and cash generation. Building & Infrastructure: The business expects stable to improving fundamental performance despite challenging market conditions in parts of Europe and Mexico, driven by focus on cost optimization efforts and incremental profitability from new product launches and geographic expansions. Precision Agriculture: Market conditions are expected to remain stable. The Company anticipates growth through deeper penetration in extensive crops, mainly in Brazil, India and the U.S. The business will also continue focusing on growth initiatives from its new digital farming platform and new products, while delivering operational efficiencies. Fluor & Energy Materials: The business expects markets in the fluorine value chain to remain solid, with consistent demand and prices. Tight cost-control measures will continue to support margins, and growth investments will be focused on low carbon refrigerants, medical propellants and battery materials. Connectivity Solutions: Volumes are expected to grow through the year as network investment activity returns to more normalized levels. Profitability growth will be driven by increased demand, as well as benefits from cost reductions and higher utilization of manufacturing facilities. 3 Excluding the impact of inflation and foreign exchange rate changes in Mexico. Conference Call Details Orbia will host a conference call to discuss first quarter 2025 results on April 25, 2025, at 9:00 AM Central Time (CT; Mexico City)/11:00 AM Eastern Time (ET; New York). To access the call, please dial 001-855-817-7630 (Mexico), 1-888-339-0721 (United States) or 1-412-317-5247 (International). Participants may pre-register for the conference call here. The live webcast can be accessed here. A recording of the webcast will be posted several hours after the call is completed on Orbia's website. For all company news, please visit Consolidated Income Statement mm US$ First Quarter Income Statement 2025 2024 % Net sales 1,811 1,863 -3% Cost of sales 1,417 1,431 -1% Gross profit 394 432 -9% Selling, general and administrative expenses 353 326 8% Operating income 41 106 -61% Financial cost (income) 76 139 -45% Equity in income of associated entity 1 1 15% Impairment expense - - N/A Income (loss) from continuing operations before income tax (34) (32) 0 Income tax (5) 15 N/A (Loss) Income from continuing operations (29) (47) -38% Discontinued operations - - N/A Consolidated net (loss) income (29) (47) -38% Minority stockholders 25 27 -6% Majority Net (loss) income (54) (74) -27% EBITDA 198 253 -21% Consolidated Balance Sheet mm US$ Balance sheet Mar 2025 Dec 2024 Mar 2024 Total assets 11,364 11,057 11,274 Current assets 3,837 3,610 4,006 Cash and temporary investments 860 1,009 1,050 Receivables 1,709 1,448 1,688 Inventories 1,202 1,098 1,212 Others current assets 66 55 56 Non current assets 7,527 7,447 7,268 Property, plant and equipment, net 3,295 3,271 3,365 Right of use fixed assets, net 461 431 473 Intangible assets and goodwill 3,028 3,028 3,090 Long-term assets 743 717 340 Total liabilities 8,344 8,077 8,153 Current liabilities 2,823 2,628 2,485 Current portion of long-term debt 592 548 295 Suppliers 950 821 882 Letters of credit 389 395 374 Short-term leasings 122 111 115 Other current liabilities 770 753 819 Non current liabilities 5,521 5,449 5,668 Long-term debt 4,094 4,078 4,433 Long-term employee benefits 134 130 137 Long-term deferred tax liabilities 348 345 240 Long-term leasings 364 346 378 Other long-term liabilities 581 550 480 Consolidated shareholders' equity 3,020 2,980 3,121 Minority shareholders' equity 544 546 608 Majority shareholders' equity 2,476 2,434 2,513 Total liabilities & shareholders' equity 11,364 11,057 11,274 Cash Flow Statement First Quarter mm US$ 2025 2024 %Var. EBITDA 198 253 -21% Taxes paid, net (50) (46) 9% Net interest / bank commissions (70) (64) 9% Change in trade working capital (169) (193) -13% Others (other assets - provisions, Net) 47 9 446% CTA and FX 22 (9) N/A Operating cash flow (22) (50) -57% Capital expenditures (105) (132) -20% Leasing payments (28) (19) 47% Free cash flow (155) (201) -23% FCF conversion (%) -77.9% -79.4% 0% Dividends to shareholders - - Buy-back shares program 1 - Debt 59 (173) N/A Minority interest payments (27) (27) -1% Mergers & acquisitions - - Financial instruments and others (27) (5) 448% Net change in cash (149) (406) -63% Initial cash balance 1,009 1,456 -31% Cash balance 860 1,050 -18% Notes and Definitions The results contained in this release have been prepared in accordance with International Financial Reporting Standards ("NIIF" or "IFRS") with U.S. Dollars as the reporting currency. Figures are presented in millions, unless specified otherwise. Figures and percentages have been rounded and may not add up. About Orbia Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building & Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluor & Energy Materials (Koura) sectors. The five Orbia business groups have a collective focus on expanding access to health and well-being, reinventing the future of cities and homes, ensuring food, water and sanitation security, connecting communities to information and enabling the energy transition with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 23,000 employees, commercial activities in more than 100 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. The company generated $7,506 million in revenue in 2024. To learn more, visit: Prospective Information In addition to historical information, this press release contains "forward-looking" statements that reflect management's expectations for the future. The words "anticipate," "believe," "expect," "hope," "have the intention of," "might," "plan," "should" and similar expressions generally indicate comments on expectations. The forward-looking statements included in this press release are subject to a number of material risks and uncertainties, and our results may be materially different from current expectations due to factors, which include, but are not limited to, global and local changes in politics, economic factors, business, competition, market and regulatory factors, cyclical trends in relevant sectors as well as other factors affecting our operations, markets, products, services and prices that are highlighted under the title "Risk Factors" in the annual report submitted by Orbia to the Mexican National Banking and Securities Commission (CNBV) and available on our website at Investor Relations | Orbia. The forward-looking statements included herein represent Orbia's views as of the date of this press release. Orbia undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law." Orbia has implemented a Code of Ethics that helps define our obligations to and relationships with our employees, clients, suppliers, and others. Orbia's Code of Ethics is available for consultation at the following link: Additionally, according to the terms contained in the Mexican Securities Exchange Act No 42, the Orbia Audit Committee has established a "hotline" system permitting any person who is aware of a failure to adhere to applicable operational and accounting records guidelines, internal controls or the Code of Ethics, whether by the Company itself or any of its controlled subsidiaries, to file a complaint (including anonymously). This system is operated by an independent third-party service provider. The system may be accessed via telephone in Mexico, via internet at or via email at ethics@ Orbia's Audit Committee has oversight responsibility for ensuring that all such complaints are appropriately investigated and resolved. View source version on Contacts Investor RelationsDiego EchaveVP, Investor RelationsT: +1 MediaKacy KarlenChief Communications OfficerT: +1 865 410 Sign in to access your portfolio
Yahoo
14-02-2025
- Business
- Yahoo
Trinseo Full Year 2024 Earnings: US$9.87 loss per share (vs US$19.87 loss in FY 2023)
Revenue: US$3.51b (down 4.4% from FY 2023). Net loss: US$348.5m (loss narrowed by 50% from FY 2023). US$9.87 loss per share (improved from US$19.87 loss in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period The primary driver behind last 12 months revenue was the Polymer Solutions segment contributing a total revenue of US$1.38b (39% of total revenue). Notably, cost of sales worth US$3.25b amounted to 92% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$331.8m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how TSE's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in the US. Performance of the American Chemicals industry. The company's shares are up 7.4% from a week ago. Before we wrap up, we've discovered 4 warning signs for Trinseo (3 don't sit too well with us!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
