Trinseo experienced a challenging third quarter in 2025, reporting a net loss of $110 million and a significant 14% decrease in net sales to $743 million. This decline was primarily driven by lower sales volumes across all business segments and margin compression in Polymer Solutions and Latex Binders, particularly in Europe. Adjusted EBITDA also saw a substantial reduction to $30 million, down $36 million from the prior year, attributed to lower volumes, margins, and reduced equity income from Americas Styrenics, partially offset by restructuring savings.