Trinseo PLC reported second quarter 2026 net sales of $845 million, up 8% from a year earlier, as higher prices and favorable currency offset volume declines from closing virgin MMA production in Italy and a force majeure outage at the Tessenderlo polystyrene plant. Net loss was $120 million, $14 million worse than prior year, including $89 million of pre-tax charges tied to reorganization, debt restructuring and asset programs.
Adjusted EBITDA rose to $81.0 million from $41.6 million, mainly from margin improvements in Polymer Solutions and Engineered Materials and savings from earlier restructuring actions. However, cash used in operating activities was $115.3 million and Free Cash Flow was negative $125.3 million, pressured by $85 million of debt and other restructuring fees and an $80 million working capital increase.
At June 30, 2026, total assets were $2,498.6 million, liabilities subject to compromise were $2,562.3 million, and shareholders’ equity showed a deficit of $1,347.2 million, reflecting court-supervised financial restructuring supported by a DIP Facility. Management highlights ongoing efforts to complete a balance sheet restructuring and enhance long-term financial flexibility.
Trinseo PLC plans to hold its annual general meeting of shareholders on September 23, 2026 at 8:30 a.m. EST. Shareholders of record as of July 30, 2026 will be entitled to participate.
The meeting will take place at the company’s headquarters at 440 East Swedesford Road, Suite 301, Wayne, Pennsylvania 19087, with shareholders in Ireland able to join via audio and video link at McCann FitzGerald LLP in Dublin. Shareholders who plan to attend must register in advance, with further details to be provided in the company’s proxy statement.
Trinseo PLC filed an amended current report to correct its earlier submission related to a financing agreement. The Form 8-K/A, labeled Amendment No. 1, is being used solely to refile Exhibit 10.2 so that typographical errors in the names of certain guarantors on the signature pages are corrected.
The corrected Exhibit 10.2 covers a Senior Secured Super-Priority Debtor-In-Possession HoldCo Credit Agreement dated May 28, 2026, among Trinseo PLC, various financing subsidiaries, guarantors, lenders, and Alter Domus (US) LLC as administrative and collateral agent. No other disclosures from the original report are changed.