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Trinseo (Pink: TSEOF, TSEOQ) reported second quarter 2026 net sales of $845 million, up 8% year over year, driven by higher prices across all segments and favorable currency, partly offset by lower volumes from an Italian MMA plant closure and a storm-related polystyrene outage in Tessenderlo.
The company recorded a net loss of $120 million, or $(3.27) per share, including $89 million of pre-tax charges tied mainly to debt and asset restructuring. Adjusted EBITDA rose to $81 million, up $39 million, helped by margin gains in Polymer Solutions and Engineered Materials and cost savings from prior restructuring actions.
Trinseo used $115 million in operating cash and spent $10 million on capex, resulting in Free Cash Flow of negative $125 million. The company ended the quarter with $198 million in cash (including $17 million restricted) and total liquidity of $187 million, and continued its court-supported debt restructuring and DIP financing, while restarting the sale process for its Americas Styrenics joint venture stake.