Quarterly ResultApr 30, 2026, 10:23 AM
TSEOF Q1 Net Loss $(116)M; Adj EBITDA $53M; Free Cash Flow $(244)M
AI Summary
Trinseo PLC reported a net loss of $(116) million for Q1 2026, a significant increase from $(79) million in the prior year, with diluted EPS at $(3.20). Net sales decreased 8% to $725 million, and Adjusted EBITDA fell 18% to $53 million, partly due to the absence of prior year's polycarbonate licensing income. The company experienced negative free cash flow of $(244) million and amended its revolving credit facility to enhance near-term liquidity amidst ongoing lender negotiations.
Key Highlights
- Net loss increased to $(116) million in Q1 2026 from $(79) million in Q1 2025.
- Diluted EPS was $(3.20) in Q1 2026, compared to $(2.22) in the prior year.
- Net sales decreased 8% to $725 million, driven by lower prices and volumes.
- Adjusted EBITDA decreased 18% to $53 million, impacted by the absence of $26 million licensing income.
- Free Cash Flow was negative $(244) million, significantly worse than $(119) million prior year.
- Amended revolving credit facility in April to add $50 million in incremental commitments.
- Engineered Materials Adjusted EBITDA increased $8 million to $34 million.
- Latex Binders Adjusted EBITDA decreased $8 million to $16 million.