TRINSEO PLC

Q2 FY2026 EarningsQ2 FY26 reported a top-line beat with revenue of $845M vs. the prior year's $784M, while capital expenditures of $10M were slightly lower than the $13M consensus. Adjusted EBITDA reached $81M, a significant improvement from $42M YoY, driven by cost savings and margin expansion in Polymer Solutions. However, the company remains in a precarious liquidity position, reporting a negative free cash flow of $125M and a GAAP net loss of $120M due to $89M in restructuring and debt negotiation charges as it navigates Chapter 11 proceedings.