Trinseo Q2 2026 financial results

Financial highlights

Net sales were $845 million, up 8% year‑over‑year driven by higher prices, commercial initiatives and favourable currency, partially offset by lower volumes. The company reported a net loss of $120 million and EPS of $(3.27), which included $89 million of pre‑tax charges related to reorganization, debt restructuring costs and asset restructuring. Adjusted EBITDA was $81 million, $39 million above the prior year.

Liquidity and restructuring

Cash used in operating activities was $115 million and capital expenditures were $10 million, leading to Free Cash Flow of negative $125 million. Ending cash was $198 million (of which $17 million was restricted) and total liquidity was $187 million. Free cash flow was affected by $85 million of debt and restructuring fees and an $80 million working capital increase. The company is advancing a debt restructuring process supported by court‑approved debtor‑in‑possession financing while operating in the ordinary course.

Operations and disruptions

Volumes were reduced by the closure of virgin MMA production facilities in Italy and a force majeure at the Tessenderlo polystyrene plant caused by storm damage; Tessenderlo operations were fully restored by the end of May.

Segment performance

Engineered Materials: net sales $292 million (‑1%); Adjusted EBITDA $43 million, up $12 million. Latex Binders: net sales $248 million (+21%); Adjusted EBITDA $16 million, down $1 million. Polymer Solutions: net sales $306 million (+7%); Adjusted EBITDA $43 million, up $38 million. Americas Styrenics: Adjusted EBITDA $1 million, down $7 million.