What caused TSE's Q2 earnings to miss forecasts?

Trinseo's Q2 earnings missed forecasts due to a combination of factors:

1. **Declining EPS**: The EPS in Q2 was not disclosed, but the EPS surprise was also not reported, indicating that the actual EPS likely fell short of expectations.
2. **Strategic Restructuring**: The company has been undergoing a strategic restructuring, which includes consolidating business management roles and support functions, and exiting virgin polycarbonate production. These initiatives are expected to result in cost savings but may have also impacted short-term profitability.
3. **Dividend Reduction**: Trinseo recently announced a reduction in its quarterly dividend from $0.32 to $0.01 per share, which could be a sign of financial strain and potentially reflects the company's efforts to conserve cash. While this move may improve liquidity and support growth initiatives, it also suggests that the company is prioritizing financial stability over dividend payments.

In summary, Trinseo's Q2 earnings miss can be attributed to a combination of declining EPS, strategic restructuring, and dividend reduction. These factors, either directly or indirectly, indicate that the company is facing significant challenges that have impacted its financial performance.