Trinseo experienced a challenging second quarter in 2025, reporting a net loss of $106 million and adjusted EBITDA of $42 million. The decline was primarily driven by lower sales volume and pricing, particularly in the latex binders and polystyrene businesses, and reduced equity income from Americas Styrenics. Despite these headwinds, the company saw an improvement in Free Cash Flow due to cost-saving actions.
Net loss for Q2 2025 was $106 million, an increase of $38 million compared to the prior year.
Adjusted EBITDA for Q2 2025 was $42 million, a decrease of $25 million from the prior year, mainly due to lower volumes and reduced equity income from Americas Styrenics.
Revenue decreased by 15% to $784 million compared to the prior year, attributed to lower sales volume and pricing.
Free Cash Flow was negative $3 million, a significant improvement of $53 million compared to the prior year, despite lower earnings.
Trinseo anticipates a full-year 2025 net loss of approximately $320 million and Adjusted EBITDA of approximately $200 million. The forecast assumes no recovery in the latter half of the year due to trade uncertainty, but the company does not believe this depressed demand is structural.
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