Quarterly ResultAug 6, 2026, 02:28 PM
Trinseo Q2 Net Loss $(120)M; Adj EBITDA $81M; Debt Restructuring On Track
AI Summary
Trinseo PLC reported its second quarter 2026 financial results, with net sales increasing 8% to $845 million. The company posted a net loss of $(120) million and diluted EPS of $(3.27), which included $89 million in pre-tax charges related to debt restructuring and asset programs. Adjusted EBITDA, however, significantly improved to $81 million, up $39 million year-over-year, driven by margin improvements and cost savings. The company continues to advance its debt restructuring process, supported by court-approved DIP financing, aiming for a stronger balance sheet and improved financial flexibility, with an anticipated $2 billion debt reduction.
Key Highlights
- Reported Q2 2026 Net Loss of $(120) million, compared to $(106) million in prior year.
- Diluted EPS was $(3.27) for Q2 2026, versus $(2.95) in the prior year.
- Adjusted EBITDA increased to $81 million, up $39 million from $42 million in Q2 2025.
- Net Sales rose 8% to $845 million, driven by higher prices, partially offset by lower volumes.
- Cash used in operating activities was $(115) million, leading to Free Cash Flow of $(125) million.
- Debt restructuring process is advancing, with a confirmation hearing scheduled for mid-August.
- Anticipates approximately $2 billion in debt reduction and $140 million in annual cash interest reduction post-emergence.
- Restarted the sale process for Americas Styrenics with its joint venture partner.
Price Impact
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