- Net loss of $110 million and negative free cash flow of $38 million in Q3 2025.
- Ceasing virgin MMA production in Italy and closing polystyrene asset in Germany.
- Expected annual profitability improvement of $30 million and $10 million capex reduction.
- Cash costs estimated at $60-$70 million, phased over three years.
Financial Performance
Trinseo reported a net loss of $110 million for the third quarter of 2025, with an EPS of negative $3.05. Adjusted EBITDA was $30 million, impacted by $9 million in unfavorable net timing and negative equity income from Americas Styrenics due to an unplanned outage. Cash used in operations was $22 million, and capital expenditures were $16 million, resulting in a negative free cash flow of $38 million, a $35 million decrease from the previous year.
Cash and Liquidity
At the end of the third quarter, Trinseo had $114 million in cash, with $2 million restricted, and total liquidity of $346 million.
Strategic Initiatives
Trinseo announced plans to cease virgin MMA production at its Italian facilities and repurpose the Rho asset for recycled PMMA. Additionally, the company intends to close its polystyrene asset in Germany. These actions are expected to improve annual profitability by $30 million and reduce capital expenditures by $10 million. The estimated cash costs to achieve these changes are between $60 million and $70 million, with $22 million projected for 2026, phased over three years to ensure cash savings offset costs annually.
Conference Call
Trinseo will host a conference call to discuss its third quarter 2025 financial results on Friday, November 7, 2025, at 10:30 a.m. Eastern Time. Key executives, including Frank Bozich, President and CEO, David Stasse, Executive Vice President and CFO, and Bee van Kessel, Senior Vice President, Corporate Finance and Investor Relations, will comment on the results.
