Trinseo S.A. (TSE)

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TSE Pre-call Rough End to ’19; Rough Start to ’20

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TSE 4Q19 Estimates Cut

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TSE Difficult 2019 Winding Down

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TSE Pre-call Qtrly Theme of Negative ’19 EBITDA Revisions Intact

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TSE Estimate Cuts, Uncertain Outlook Sends Us to Sidelines

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TSE Lowered Guidance As Expected Outsized Negative Share Price Less So

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TSE Pre-Call Modest Beat w Lowered Guidance (As Expected)

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TSE Improvements in 2Q No. Reducing Estimates

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TSE Proactive Initial Steps

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