Earnings ·
Trinseo PLC reported a second quarter net loss of $120 million, or $(3.27) per share, including $89 million in pre-tax…
TSEOQTrinseo PLC
Trinseo PLC reported a second quarter net loss of $120 million, or $(3.27) per share, including $89 million in pre-tax charges for reorganization and asset restructuring. Net sales rose 8% to $845 million, while Adjusted EBITDA increased 93% year-over-year to $81 million. The company continues its Chapter 11 debt restructuring process supported by court-approved debtor-in-possession financing, with a confirmation hearing scheduled for mid-August. Trinseo operates in the specialty materials industry, providing polymer and chemical solutions.