Trinseo PLC reported its financial results for the third quarter and year ended September 30, 2026, revealing a net loss of $49 million for the quarter. This figure represents an improvement of $61 million compared to the prior year's net loss of $110 million. The company reported net sales of $779 million for the three months ended September 30, 2026, which increased by 5% compared to the prior year.
The reported net loss for the quarter included $43 million of pre-tax charges related to reorganization items and $56 million of lower interest expense. These reductions were partially offset by $50 million in professional fees related to the debt restructuring process. On an adjusted basis, excluding these items, the company reported an adjusted net loss of $2 million and an adjusted loss per share of $(0.05).
Adjusted EBITDA for the third quarter was $51 million, which was $21 million higher than the prior year. This increase was driven by margin improvements in Polymer Solutions, higher equity income from Americas Styrenics, and savings from previously announced asset restructuring actions. The company generated $26 million in cash from operating activities and $15 million in free cash flow during the quarter.
In other developments, Trinseo announced that its mediation process with lenders concluded on October 28, 2026, without agreement. The company continues to operate under court-approved all-trade motions while awaiting a final judgment in its debt restructuring proceedings. Additionally, Trinseo has initiated an information and consultation process with the Works Council of Trinseo Netherlands, B.V., with the intention to cease Latex Binders manufacturing at its Terneuzen site and consolidate production at its remaining European facilities.
