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Trinseo (TSE) investor relations material
Trinseo Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales rose 5% YoY to $778.7M; Adjusted EBITDA increased to $51.0M from $30.4M, and net loss narrowed to $49.1M from $109.7M.
Chapter 11 mediation ended without agreement on October 28; emergence was expected in H1 2027, subject to court and other conditions.
Operations continued in the ordinary course during restructuring proceedings.
Financial highlights
Net sales were $778.7M versus $743.2M; gross profit was $53.1M versus $37.4M.
Sales rose on 13% higher pricing, partly offset by an 8% volume decline; FX was flat.
GAAP diluted EPS was $(1.34) versus $(3.05); Adjusted EPS was $(0.05) versus $(2.44).
Adjusted net loss was $1.8M versus $87.9M; Q3 reorganization items were $43.2M.
Operating cash flow of $25.9M less $11.3M capex produced $14.6M Free Cash Flow, versus negative $38.1M YoY.
Outlook and guidance
Emergence was expected in H1 2027, conditional on plan approval and completion of Irish examinership; timing and outcome remained uncertain amid litigation.
The proposed restructuring plan would discharge ~$2.0B of prepetition funded debt and reduce annual cash interest by ~$140M.
Works Council consultation began on intended cessation of Latex Binders manufacturing at Terneuzen and consolidation at remaining European facilities.
- Weak demand cut FY sales 26%; Q4 EBITDA rose, with Q1 recovery guided.TSE
Q4 2023 - Director elections, executive pay, and auditor ratification headline the 2026 AGM agenda.TSE
Proxy filing - Shareholders will vote on directors, executive pay, and auditor ratification, with strong governance and ESG oversight.TSE
Proxy filing - Q2 net loss of $120M, Adjusted EBITDA up, but restructuring and liquidity risks persist.TSE
Q2 2026 - Net loss of $116 million, negative $244M free cash flow, and all debt current amid defaults.TSE
Q1 2026 - Q4 saw a $251M net loss, 19% sales drop, flat EBITDA, and ongoing restructuring challenges.TSE
Q4 2025 - Q3 net loss of $87M, but Adjusted EBITDA rose $25M; liquidity and restructuring improved outlook.TSE
Q3 2024 - Q2 2024 Adjusted EBITDA hit a two-year high, with positive free cash flow expected in H2.TSE
Q2 2024 - Q4 2024 delivered higher EBITDA and cash flow, but losses persist amid weak demand and restructuring.TSE
Q4 2024
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