Trinseo Q2 2026 financial results
- Net loss $120 million and EPS $(3.27), including $89 million of pre-tax charges tied to lender negotiations and asset restructuring.
- Adjusted EBITDA $81 million, up $39 million versus prior year; net sales $845 million, up 8%.
- Free Cash Flow negative $125 million after $115 million cash used in operations and $10 million capex; ending cash $198 million and total liquidity $187 million.
- Company progressing court‑approved DIP-backed debt restructuring and has restarted sale process of Americas Styrenics with its joint venture partner.
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.
Source: Trinseo
