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Trinseo swings to profit

6:02 AM MDT | March 14, 2014

Trinseo, formerly Styron, reports net income for the 2013 fourth quarter of $10.6 million, up from a loss of $507,000 in the year-ago period. Adjusted Ebitda more than doubled, to $109 million, the result of improved styrene production margins and an additional $10 million in 2013 dividends from the Americas Styrenics joint venture. Quarterly net sales decreased 6% year-on-year (YOY), to $1.24 billion. Volume declined by 2%, and prices declined by 6% as lower butadiene costs in the synthetic rubber and latex segments were passed through to...

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