# EDGAR Filing Document

**Accession Number:** 0001519061
**File Stem:** 0001104659-26-052333
**Filing Date:** 2026-4
**Character Count:** 47130
**Document Hash:** a1449092d453acf8bb053656dcb85af0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-052333.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001104659-26-052333

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 26

**CONFORMED PERIOD OF REPORT**: 20260430

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Trinseo PLC
- **CENTRAL INDEX KEY:** 0001519061
- **STANDARD INDUSTRIAL CLASSIFICATION:** PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L2
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36473
- **FILM NUMBER:** 26920970

**BUSINESS ADDRESS:**
- **STREET 1:** 440 EAST SWEDESFORD ROAD
- **STREET 2:** SUITE 301
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 610-240-3200

**MAIL ADDRESS:**
- **STREET 1:** 440 EAST SWEDESFORD ROAD
- **STREET 2:** SUITE 301
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Trinseo S.A.
- **DATE OF NAME CHANGE:** 20110429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bain Capital Everest (Luxco 2) S.a r.l.
- **DATE OF NAME CHANGE:** 20110426

?xml version='1.0' encoding='ASCII'? Trinseo PLC_April 30, 2026

------

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

### FORM 8-K
**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **April 30, 2026**

### Trinseo PLC
(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Ireland** | **001-36473** | **N/A** |
| (State or other jurisdiction<br>of incorporation or organization) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification Number) |

---

**440 East Swedesford Road, Suite 301**

**Wayne, Pennsylvania 19087**

(Address of principal executive offices, including zip code)

**(610) 240-3200**

(Telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Title of Each Class** | &nbsp;&nbsp;**Trading symbol** | &nbsp;&nbsp;**Name of Exchange on which registered** |
| &nbsp;&nbsp;**Ordinary Shares, par value $0.01 per share** | &nbsp;&nbsp;**TSEOF** | &nbsp;&nbsp;**N/A\*** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

*\*On March 18, 2026, the NYSE filed a Form 25 relating to the delisting from the NYSE of our ordinary shares. The delisting became effective on March 30, 2026. The ordinary shares will continue to trade over the counter under the symbol "TSEOF."*

------

---

| | |
|:---|:---|
| **ITEM 2.02** | **Results of Operations and Financial Condition** |

---

On April 30, 2026, Trinseo PLC, a public limited company existing under the laws of Ireland (the "Company"), issued a press release announcing its financial results for the first quarter and year ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto. The Company is also making available on its website an investor presentation and is furnished as Exhibit 99.2 hereto.

The information contained herein and in the accompanying exhibits shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

---

| | |
|:---|:---|
| **ITEM 9.01.** | **Financial Statements and Exhibits** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

---

| | |
|:---|:---|
| ay <br>|  |
| **ExhibitNumber** | **Description** |
| 99.1 | [Press Release dated April 30, 2026](tse-20260430xex99d1.htm) |
| 99.2 | [Investor Presentation, dated April 30, 2026](tse-20260430xex99d2.htm) |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| a<br>|  |  |
|  | **TRINSEO PLC** | **TRINSEO PLC** |
|  | By: | /s/ David Stasse |
|  | Name: | David Stasse |
|  | Title: | Executive Vice President and Chief Financial Officer |
| Date: April 30, 2026<br>|  |  |

---

## Exhibit 99.1

**Exhibit 99.1**

![Graphic](tse-20260430xex99d1001.jpg)

---

| |
|:---|
| **Contact:** |
| Bee van Kessel |
| Tel: + 1 835 235 0735 |
| Email: investorrelations@trinseo.com |

---

**Trinseo Reports First Quarter 2026 Financial Results**

**First Quarter 2026 Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;● Net loss of $116 million and EPS of $(3.20) included $31 million of pre-tax charges, primarily related to ongoing lender negotiations and asset restructuring programs

&nbsp;&nbsp;&nbsp;&nbsp;● Adjusted EBITDA\* of $53 million was $12 million below prior year, which included $26 million of polycarbonate technology licensing income, partially offset by savings from previously announced restructuring actions

&nbsp;&nbsp;&nbsp;&nbsp;● Cash used in operating activities of $233 million and capital expenditures of $11 million resulted in Free Cash Flow\* of negative $244 million and ending cash of $114 million (of which $4 million was restricted) and total liquidity of $114 million

&nbsp;&nbsp;&nbsp;&nbsp;● In April, the Company amended its revolving credit facility to add $50 million of incremental commitments, enhancing near - term liquidity

---

| | | |
|:---|:---|:---|
| | **Three Months Ended**  | **Three Months Ended**  |
| | **March 31,**  | **March 31,**  |
| <br>**$millions, except per share data** | **2026** | **2025** |
| Net Sales | $725 | $785 |
| Net Loss | (116) | (79) |
| Diluted EPS ($) | (3.20) | (2.22) |
| Adjusted Net Loss\* | (75) | (49) |
| Adjusted EPS ($)\* | (2.06) | (1.37) |
| EBITDA\* | 22 | 30 |
| Adjusted EBITDA\* | 53 | 65 |
| Cash used in operating activities | (233) | (110) |
| Free Cash Flow\* | (244) | (119) |

---

------

*\*For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Loss, all of which are non-GAAP measures, to Net Loss, as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below.*

------

WAYNE, Pa — April 30, 2026 — Trinseo a specialty material solutions provider, today reported its first quarter 2026 financial results. Net sales of $725 million decreased 8% compared with the prior year, driven by 9% lower prices across all business segments due to competitive pressures and lower raw material costs and 4% decrease from volumes, partially offset by a 5% favorable currency impact. First quarter net loss of $116 million was $37 million lower than prior year. The current year quarter included $31 million of pre-tax charges primarily related to costs incurred in connection with ongoing lender negotiations and asset restructuring programs. Adjusted EBITDA of $53 million was $12 million below prior year, driven by $26 million of polycarbonate technology licensing income in the prior year, partially offset by savings from previously announced restructuring actions.

First quarter cash used in operating activities of $233 million and capital expenditures of $11 million led to Free Cash Flow\* of negative $244 million. Free cash flow was affected by three primary factors – typical first quarter seasonality, a contraction in trade credit from suppliers and other counterparties, and higher raw material costs.

**First Quarter Results and Commentary by Business Segment**

&nbsp;&nbsp;&nbsp;&nbsp;● **Engineered Materials** net sales of $263 million for the quarter decreased 5% versus prior year primarily due to lower prices and lower MMA volumes following the closure of our virgin MMA production facilities in Italy. Adjusted EBITDA of $34 million increased $8 million versus prior year due to savings from closing our aforementioned MMA facilities, share gain in PMMA products in Europe, and strategic margin expansion initiatives in our surfaces products in North America.

&nbsp;&nbsp;&nbsp;&nbsp;● **Latex Binders** net sales of $197 million for the quarter decreased 6% versus prior year from lower prices, primarily in paper and board and textile applications globally. Adjusted EBITDA of $16 million was $8 million below prior year from weak demand and low margins in paper and board and textile applications mainly in Europe. Net sales to CASE and battery binders applications accounted for 19% of total segment net sales, with volume increasing 14% over prior year in a soft market environment.

&nbsp;&nbsp;&nbsp;&nbsp;● **Polymer Solutions** net sales of $265 million for the quarter decreased 11% versus prior year from lower prices and lower polystyrene volumes. Adjusted EBITDA of $24 million was $20 million below prior year, primarily due to $26 million of polycarbonate licensing income in the prior year, partially offset by mix improvement. The favorable mix stems from higher ABS volumes in North America from share gain, which were offset by lower polystyrene volumes in Europe due to strategically optimized customer mix.

&nbsp;&nbsp;&nbsp;&nbsp;● **Americas Styrenics** Adjusted EBITDA of $2 million for the quarter was $4 million above prior year from stronger styrene and polystyrene performance.

Commenting on the Company's first quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, "Amidst dynamic market and macroeconomic conditions during the first quarter, our team demonstrated remarkable resilience. We continued to build for the future across our priority areas like battery binders, CASE, PMMA, Asia, and recycled content containing platforms to drive profitable, sustainable growth. I am grateful for the dedication and impact of our entire workforce, who have demonstrated their commitment throughout this quarter. Our mission remains clear: deliver unmatched materials and service excellence for our customers, while navigating significant geopolitical uncertainty."

------

**About Trinseo**

Trinseo, a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart and sustainably focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.

From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers' unique challenges in a wide range of industries, including building and construction, consumer goods, medical and mobility.

Trinseo's employees bring endless creativity to reimagining the possibilities with clients all over the world from the company's locations in North America, Europe and Asia Pacific. Trinseo reported net sales of approximately $3.0 billion in 2025. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.

<u>Use of non-GAAP measures</u>

*In addition to using standard measures of performance and liquidity that are recognized in accordance with accounting principles generally accepted in the United States of America ("GAAP"), we use additional measures of income excluding certain GAAP items ("non-GAAP measures"), such as Adjusted Net Income (Loss), EBITDA, Adjusted EBITDA and Adjusted EPS and measures of liquidity excluding certain GAAP items, such as Free Cash Flow. We believe these measures are useful for investors and management in evaluating business trends and performance each period. These measures are also used to manage our business and assess current period profitability, as well as to provide an appropriate basis to evaluate the effectiveness of our pricing strategies. Such measures are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance or liquidity, as applicable. The definitions of each of these measures, further discussion of usefulness, and reconciliations of non-GAAP measures to GAAP measures are provided in the Notes to Condensed Consolidated Financial Information presented herein.*

------

<u>Cautionary Note on Forward-Looking Statements</u> 

*This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "believe," "intend," "forecast," "estimate," "see," "outlook," "will," "may," "might," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would," or expressions of similar meaning. Forward-looking statements reflect management's evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy, our current indebtedness, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to continue as a going concern; our ongoing discussions with our financial stakeholders; our significant levels of indebtedness and our ability to service, repay or refinance our indebtedness; our ability to meet the covenants under our existing indebtedness; deterioration of our credit profile limiting our access to commercial credit; unexpected payment obligations or liabilities which could create liquidity challenges; conditions in the global economy and capital markets, including persistent decreased customer demand and the impact of tariffs on global trade relations; our ability to successfully generate cost savings through restructuring and cost reduction initiatives; our ability to successfully execute our business and transformation strategy; increased costs or disruption in the supply of raw materials; increased energy costs; the timing of, and our ability to complete, a sale of our interest in Americas Styrenics; compliance with laws and regulations impacting our business; any disruptions in production at our chemical manufacturing facilities, including those resulting from accidental spills or discharges; our ability to generate cash flows from operations and achieve our forecasted cash flows; and those discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results, performance or achievements may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.* 

------

**TRINSEO PLC**

**Condensed Consolidated Statements of Operations**

**(In millions, except per share data)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended**  | **Three Months Ended**  |
|  | **March 31,**  | **March 31,**  |
|  | **2026** | **2025** |
| Net sales | $724.7 | $784.8 |
| Cost of sales | 663.0 | 721.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 61.7 | 63.8 |
| Selling, general and administrative expenses | 87.4 | 91.0 |
| Equity in earnings of unconsolidated affiliate | 2.1 | (1.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating loss | (23.6) | (29.0) |
| Interest expense, net | 78.7 | 66.6 |
| Other expense (income), net | 4.2 | (23.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss before income taxes | (106.5) | (72.4) |
| Provision for income taxes | 9.4 | 6.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(115.9) | $(79.0) |
| Weighted average shares- basic | 36.2 | 35.5 |
| Net loss per share- basic | $(3.20) | $(2.22) |
| Weighted average shares- diluted | 36.2 | 35.5 |
| Net loss per share- diluted | $(3.20) | $(2.22) |

---

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**TRINSEO PLC**

**Condensed Consolidated Balance Sheets**

**(In millions)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **March 31,** <br>**2026** | **December 31,** <br>**2025** |
| **Assets** |  |  |
| &nbsp;&nbsp;Cash and cash equivalents | $110.6 | $146.7 |
| &nbsp;&nbsp;Accounts receivable, net of allowance | 426.2 | 364.5 |
| &nbsp;&nbsp;Inventories | 323.4 | 316.0 |
| &nbsp;&nbsp;Other current assets | 83.5 | 37.5 |
| &nbsp;&nbsp;Investments in unconsolidated affiliate | 209.1 | 206.9 |
| &nbsp;&nbsp;Property, plant, equipment, goodwill, and other intangible assets, net | 1031.7 | 1084.2 |
| &nbsp;&nbsp;Right-of-use assets - operating, net | 61.1 | 56.2 |
| &nbsp;&nbsp;Other long-term assets | 63.7 | 68.2 |
| Total assets | $2309.3 | $2280.2 |
| **Liabilities and shareholders' equity (deficit)** |  |  |
| &nbsp;&nbsp;Current liabilities | 3200.5 | 714.7 |
| &nbsp;&nbsp;Long-term debt, net of unamortized deferred financing fees | 2.2 | 2332.5 |
| &nbsp;&nbsp;Noncurrent lease liabilities - operating | 52.7 | 47.9 |
| &nbsp;&nbsp;Other noncurrent obligations | 276.8 | 282.9 |
| &nbsp;&nbsp;Shareholders' equity (deficit) | (1222.9) | (1097.8) |
| Total liabilities and shareholders' equity (deficit) | $2309.3 | $2280.2 |

---

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**TRINSEO PLC**

**Condensed Consolidated Statements of Cash Flows**

**(In millions)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended**  | **Three Months Ended**  |
|  | **March 31,**  | **March 31,**  |
|  | **2026** | **2025** |
| **Cash flows from operating activities** |  |  |
| &nbsp;&nbsp;Cash used in operating activities | $(232.9) | $(110.2) |
| **Cash flows from investing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital expenditures | (11.3) | (8.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from the sale of other assets | 3.6 |  |
| &nbsp;&nbsp;Cash used in investing activities | (7.7) | (8.7) |
| **Cash flows from financing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred financing fees |  | (19.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings, net | (0.5) | (1.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends paid | (0.5) | (0.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Withholding taxes paid on restricted share units | (0.2) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchases and repayments of long-term debt | (3.0) | (5.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net proceeds from issuance of 2028 Refinance Term Loans |  | 115.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repayments of 2025 Senior Notes |  | (115.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from Accounts Receivable Securitization Facility | 22.0 | 70.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Repayments of Accounts Receivable Securitization Facility |  | (10.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from Revolving Facility | 230.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Repayments of Revolving Facility | (40.0) |  |
| &nbsp;&nbsp;Cash provided by financing activities | 207.8 | 32.8 |
| Effect of exchange rates on cash | (2.0) | 2.5 |
| Net change in cash, cash equivalents, and restricted cash | (34.8) | (83.6) |
| Cash, cash equivalents, and restricted cash—beginning of period | 149.0 | 211.9 |
| Cash, cash equivalents, and restricted cash—end of period | $114.2 | $128.3 |
| Less: Restricted cash | 3.6 | 2.2 |
| Cash and cash equivalents—end of period | $110.6 | $126.1 |

---

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**TRINSEO PLC**

**Notes to Condensed Consolidated Financial Information**

**(Unaudited)**

**Note 1: Net Sales by Segment**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended**  | **Three Months Ended**  |
| | **March 31,**  | **March 31,**  |
| <br>**(In millions)** | **2026** | **2025** |
| Engineered Materials | $263.0 | $277.3 |
| Latex Binders | 196.5 | 209.3 |
| Polymer Solutions | 265.2 | 298.2 |
| Americas Styrenics\* |  |  |
| **Total Net Sales** | $**724.7** | $**784.8** |

---

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*\* The results of this segment are comprised entirely of earnings from Americas Styrenics, our 50%-owned equity method investment. As such, we do not separately report net sales of Americas Styrenics within our condensed consolidated statements of operations.*

**Note 2: Reconciliation of Non-GAAP Performance Measures to Net Income**

EBITDA is a non-GAAP financial performance measure, which is defined as income from continuing operations before interest expense, net; income tax provision; depreciation and amortization expense. We refer to EBITDA in making operating decisions because we believe it provides our management as well as our investors with meaningful information regarding the Company's operational performance. We believe the use of EBITDA as a metric assists our board of directors, management and investors in comparing our operating performance on a consistent basis.

We also present Adjusted EBITDA as a non-GAAP financial performance measure, which we define as income from continuing operations before interest expense, net; income tax provision; depreciation and amortization expense; loss on extinguishment of long-term debt; asset impairment charges; gains or losses on the dispositions of businesses and assets; restructuring charges; acquisition related costs and benefits, and other items. In doing so, we are providing management, investors, and credit rating agencies with an indicator of our ongoing performance and business trends, removing the impact of transactions and events that we would not consider a part of our core operations.

Lastly, we present Adjusted Net Income (Loss) and Adjusted EPS as additional performance measures. Adjusted Net Income (Loss) is calculated as Adjusted EBITDA (defined beginning with net income from continuing operations, above), less interest expense, less the provision for income taxes and depreciation and amortization, tax affected for various discrete items, as appropriate. Adjusted EPS is calculated as Adjusted Net Income (Loss) per weighted average diluted shares outstanding for a given period. We believe that Adjusted Net Income (Loss) and Adjusted EPS provide transparent and useful information to management, investors, analysts and other stakeholders in evaluating and assessing our operating results from period-to-period after removing the impact of certain transactions and activities that affect comparability and that are not considered part of our core operations.

There are limitations to using the financial performance measures noted above. These performance measures are not intended to represent net income or other measures of financial performance. As such, they should not be used as alternatives to net income as indicators of operating performance. Other companies in our industry may define these performance measures differently than we do. As a result, it may be difficult to use these or similarly named financial measures that other companies may use, to compare the performance of those companies to our performance. We compensate for these limitations by providing reconciliations of these performance measures to our net income, which is determined in accordance with GAAP.

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Three Months Ended**  | **Three Months Ended**  |  |
|  | **March 31,**  | **March 31,**  |  |
| **(In millions, except per share data)** | **2026** | **2025** |  |
| Net loss | $(115.9) | $(79.0) |  |
| Interest expense, net | 78.7 | 66.6 |  |
| Provision for income taxes | 9.4 | 6.6 |  |
| Depreciation and amortization (a) | 49.8 | 36.0 |  |
| EBITDA | $22.0 | $30.2 |  |
| Loss on financing transactions (b) |  | 24.9 | Selling, general, and administrative expenses |
| Net gain on disposition of businesses and assets (c) | (3.6) |  | Selling, general, and administrative expenses |
| Restructuring and other charges (d) | 9.2 | 7.4 | Selling, general, and administrative expenses |
| Other items (e) | 25.0 | 2.3 | Selling, general, and administrative expenses, Other expense (income), net |
| Adjusted EBITDA | $52.6 | $64.8 |  |
| <u>Adjusted EBITDA to Adjusted Net Loss:</u> |  |  |  |
| Adjusted EBITDA | 52.6 | 64.8 |  |
| Interest expense, net | 78.7 | 66.6 |  |
| Provision for income taxes - Adjusted (f) | 9.6 | 1.2 |  |
| Depreciation and amortization - Adjusted (g) | 38.9 | 45.5 |  |
| Adjusted Net Loss | $(74.6) | $(48.5) |  |
| Weighted average shares- diluted | 36.2 | 35.5 |  |
| Adjusted EPS | $(2.06) | $(1.37) |  |
| <u>Adjusted EBITDA by Segment:</u> |  |  |  |
| Engineered Materials | $33.7 | $25.7 |  |
| Latex Binders | 16.4 | 24.5 |  |
| Polymer Solutions | 23.7 | 44.5 |  |
| Americas Styrenics | 2.1 | (1.8) |  |
| Corporate Unallocated | (23.3) | (28.1) |  |
| Adjusted EBITDA | $52.6 | $64.8 |  |

---

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&nbsp;&nbsp;&nbsp;&nbsp;(a) During the three months ended March 31, 2026, the Company recognized $9.2 million for accelerated amortization of capitalized software assets related to our current ERP system which is being transitioned to a cloud-based system.

During the three months ended March 31, 2025, an $8.1 million benefit was recognized due to a change in cost estimate related to the Boehlen, Germany asset retirement obligation as the Company was able to realize efficiencies during decommissioning.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Amounts for the three months ended March 31, 2025 primarily relate to fees incurred in conjunction with Company's debt refinancing transaction that did not meet the criteria for deferred financing charges.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Amounts for the three months ended March 31, 2026 primarily relate to gain on sale of assets after certain of the Company's restructuring plans.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Restructuring and other charges for the 2026 and 2025 periods primarily relate to employee termination benefits, contract termination costs as well as decommissioning and other charges incurred in connection with the Company's restructuring plans.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Other items for the 2026 period primarily relate to costs incurred in connection with ongoing lender negotiations. Other items for the 2025 period primarily relate to fees incurred in conjunction with certain of the Company's strategic initiatives, including the potential divestiture of our styrenics business.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Adjusted to remove the tax impact of the items noted within the table above. The income tax expense (benefit) related to these items was determined utilizing either (1) the estimated annual effective tax rate on our ordinary income based upon our forecasted ordinary income for the full year or, (2) for items treated discretely for tax purposes we utilized the applicable rates in the taxing jurisdictions in which these adjustments occurred.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Amounts for the three months ended March 31, 2026 and 2025 exclude accelerated depreciation of $10.9 million and $9.4 million, respectively. The 2026 period charges are primarily related to the shortening of the useful life of certain IT assets in preparation to move to a cloud hosted platform. The 2025 period charges are primarily related to the shortening of the useful life of certain assets related to the 2024 restructuring plan.

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**Note 3: Reconciliation of Non-GAAP Liquidity Measures to Cash from Operations**

The Company uses certain measures, such as Free Cash Flow as non-GAAP measures, to evaluate and discuss its liquidity position and results. Free Cash Flow is defined as cash from operating activities, less capital expenditures. We believe that Free Cash Flow provides an indicator of the Company's ongoing ability to generate cash through core operations, as it excludes the cash impacts of various financing transactions as well as cash flows from business combinations that are not considered organic in nature. We also believe that Free Cash Flow provides management and investors with useful analytical indicators of our ability to service our indebtedness, pay dividends (when declared), and meet our ongoing cash obligations.

Free Cash Flow is not intended to represent cash flows from operations as defined by GAAP, and therefore, should not be used as alternatives for that measure. Other companies in our industry may define Free Cash Flow differently than we do. As a result, it may be difficult to use this or similarly named financial measures that other companies may use, to compare the liquidity and cash generation of those companies to our own. The Company compensates for these limitations by providing the following detail, which is determined in accordance with GAAP.

**Free Cash Flow**

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| | | |
|:---|:---|:---|
| | **Three Months Ended**  | **Three Months Ended**  |
| | **March 31,**  | **March 31,**  |
| <br>**(In millions)** | **2026** | **2025** |
| Cash used in operating activities | $(232.9) | $(110.2) |
| Capital expenditures | (11.3) | (8.7) |
| Free Cash Flow | $(244.2) | $(118.9) |

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## Exhibit 99.2

**Exhibit 99.2**

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g001.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 Trademark of Trinseo PLC or its affiliates First Quarter 2026 Financial Results April 30, 2026 |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g002.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 Disclosure Rules Disclosure Rules This presentation may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "believe," "intend," "forecast," "estimate," "see," "outlook," "will," "may," "might," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would," or expressions of similar meaning. Forward-looking statements reflect management's evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy, our current indebtedness, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to continue as a going concern; our ongoing discussions with our financial stakeholders; our significant levels of indebtedness and our ability to service, repay or refinance our indebtedness; our ability to meet the covenants under our existing indebtedness; deterioration of our credit profile limiting our access to commercial credit; unexpected payment obligations or liabilities which could create liquidity challenges; conditions in the global economy and capital markets, including persistent decreased customer demand and the impact of tariffs on global trade relations; our ability to successfully generate cost savings through restructuring and cost reduction initiatives; our ability to successfully execute our business and transformation strategy; increased costs or disruption in the supply of raw materials; increased energy costs; the timing of, and our ability to complete, a sale of our interest in Americas Styrenics; compliance with laws and regulations impacting our business; any disruptions in production at our chemical manufacturing facilities, including those resulting from accidental spills or discharges; our ability to generate cash flows from operations and achieve our forecasted cash flows; and those discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results, performance or achievements may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this presentation are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. This presentation contains financial measures that are not in accordance with generally accepted accounting principles in the US ("GAAP") including EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS and Free Cash Flow. We believe these measures provide relevant and meaningful information to investors and lenders about the ongoing operating results and liquidity position of the Company. Such measures when referenced herein should not be viewed as an alternative to GAAP measures of performance or liquidity, as applicable. We have provided a reconciliation of these measures to the most comparable GAAP metric alongside of the respective measure or otherwise in the Appendix section and in the accompanying press release. |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g003.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 Summary Q1 2026 Results • Net loss of $116 million and EPS of negative $3.20 included $31 million of pre-tax charges, primarily related to ongoing lender negotiations and asset restructuring programs • Adjusted EBITDA\* of $53 million included $6 million of currency losses and was $12 million below prior year, primarily due to $26 million of polycarbonate technology licensing income in the prior year, partially offset by savings from previously announced restructuring actions in the current year • Uncertainty and volatility continue to characterize the prevailing market conditions \* See Appendix for a reconciliation of non-GAAP measures Cash Generation & Liquidity • First quarter cash used in operating activities of $233 million and capital expenditures of $11 million resulted in Free Cash Flow\* of negative $244 million • First quarter ending cash of $114 million (of which $4 million was restricted) and total liquidity of $114 million • Free Cash Flow\* was impacted by three primary factors: typical first quarter seasonality, a contraction in trade credit from suppliers and other counterparties, and higher raw material costs Q1 Highlights • Continued focus on expansion of our strategic businesses, with 12% higher volumes in our growth platforms and 6% higher volumes in our recycled content containing sales • Restructuring initiatives on track and on target • Progressing on discussions with financial stakeholders to improve our capital structure |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g004.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 Q1 2026 Sales and Volume Summary Q1 Net sales in $millions Q1 Volume variances exclude styrene-related sales First Quarter Volume Drivers: Europe • Lower volumes in polystyrene and paper & board and textile, primarily from competitive pressures • Lower volumes in MMA due to closure of our virgin MMA production facilities in Italy • Partial offset from higher volumes in ABS and PMMA sheets due to share gain U.S. • Higher volumes in PMMA resins and ABS due to share gain • Higher volumes in paper & board and textile from commercial initiatives Asia • Growth from continued PMMA geographic expansion • Growth in CASE from new products and market penetration • Lower demand in Polymer Solutions Net Sales Global $725 Sales Volume YoY: (4)% Sales Volume YoY: (11)% Sales Volume YoY: 0% Sales Volume YoY: 6% Europe $336 U.S. $224 Asia-Pacific $136 Rest of World $29  |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g005.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 Trinseo Q1 2026 Financial Results Net Sales • Adjusted EBITDA\* of $53 million was $12 million below prior year due to $26 million of polycarbonate licensing income in the prior year, partially offset by savings from restructuring initiatives in the current year • First quarter results included by $6 million of currency losses • Equity affiliate income at Americas Styrenics was $4 million above prior year mainly driven by stronger styrene and polystyrene performance \* See Appendix for a reconciliation of non-GAAP measures $725 ($116) $785 ($79) Net Sales Net Loss Net Sales & Net Loss ($MM) Q1'26 Q1'25 $53 $65 Q1'26 Q1'25 Adjusted EBITDA\* ($MM) ($3.20) ($2.06) ($2.22) ($1.37) Diluted EPS Adj EPS\* EPS ($) Q1'26 Q1'25 Vol Price FX (4%) (9%) 5% |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g006.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 Engineered Materials • Adjusted EBITDA was $8 million above prior year, mainly driven by: i) savings achieved from the closure of our virgin MMA production facilities in Italy, ii) share gain in PMMA products in Europe and iii) strategic margin expansion initiatives for our surfaces products in North America • Volumes of recycled content containing products in Engineered Materials grew 7% for the quarter $263 $277 Qtr1 2026 Qtr1 2025 Net Sales ($MM) $34 $26 Qtr1 2026 Qtr1 2025 Adjusted EBITDA ($MM) 72 72 Qtr1 2026 Qtr1 2025 Volume (kt) Vol Price FX Total (4%) (4%) 3% (5%) |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g007.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 • Adjusted EBITDA was $8 million below prior year due to weak demand and low margins in paper & board and textile applications mainly in Europe • Sales volumes in CASE and battery binders increased 12% and 80%, respectively, over prior year as we continue to grow our portfolio Latex Binders $197 $209 Qtr1 2026 Qtr1 2025 Net Sales ($MM) $16 $24 Qtr1 2026 Qtr1 2025 Adjusted EBITDA ($MM) 98 98 Qtr1 2026 Qtr1 2025 Volume (kt) Vol Price FX Total 1% (13%) 5% (6%) |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g008.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 Polymer Solutions • Adjusted EBITDA of $24 million was $20 million below prior year primarily due to $26 million of polycarbonate licensing income in the prior year, partially offset by margin improvement from mix • Higher ABS volumes in North America from share gain were offset by lower polystyrene volumes in Europe due to strategically optimized customer mix \* Volume excludes styrene-related sales $265 $298 Qtr1 2026 Qtr1 2025 Net Sales ($MM) $24 $44 Qtr1 2026 Qtr1 2025 Adjusted EBITDA ($MM) 162 174 Qtr1 2026 Qtr1 2025 Volume\* (kt) Vol Price FX Total (7%) (11%) 7% (11%) |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g009.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 $107 $5 $2 Liquidity (Q1 2026) Cash and Borrowing Facilities ($ millions) Revolving Credit Facility1 AR Securitization2 Cash3 $114MM Combined Cash and Availability under Committed Facilities4 Liquidity Details: 1. Revolving Credit Facility available funds of $2 million is net of $33 million outstanding letters of credit 2. $140 million drawn against borrowing base of $145 million; total facility capacity $150 million 3. Cash of $107 million excludes restricted cash of $4 million and cash held by certain unrestricted subsidiaries (as defined under our Credit Agreement) of $3 million 4. We continue to engage and negotiate with our financial stakeholders to improve our capital structure; please reference our most recently filed Form 10-Q for relevant disclosures  |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g010.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 Appendix |

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| | |
|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g011.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 Segment Information (in $millions, unless noted) Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 2024 2025 Engineered Materials 78 88 74 71 72 76 70 63 72 310 282 Latex Binders 119 111 106 97 98 92 97 93 98 434 380 Polymer Solutions 204 174 167 172 174 165 166 161 162 718 666 Trade Volume\* (kt) 402 374 347 340 345 334 333 317 331 1,462 1,329 Engineered Materials 283 324 294 276 277 293 273 240 263 1,177 1,085 Latex Binders 241 252 242 218 209 204 198 176 197 954 788 Polymer Solutions 380 344 331 327 298 287 271 246 265 1,382 1,102 Net Sales 904 920 868 821 785 784 743 663 725 3,513 2,975 Engineered Materials 10 32 34 27 26 31 34 27 34 102 117 Latex Binders 26 26 26 19 24 17 17 9 16 95 67 Polymer Solutions 29 16 23 17 44 5 4 15 24 86 69 Americas Styrenics 6 16 4 (10) (2) 8 (2) (7) 2 15 (3) Corporate (26) (23) (20) (26) (28) (20) (22) (18) (23) (95) (88) Adjusted EBITDA\*\* 45 67 66 26 65 42 30 26 53 204 163 Adj EBITDA Variance Analysis Net Timing\*\* Impacts - Fav/(Unfav) Engineered Materials (7) 0 1 (1) (0) (1) (1) (3) (3) (6) (5) Latex Binders 2 (1) 1 0 1 (2) (1) (1) 1 2 (3) Polymer Solutions 18 (9) 2 (9) 8 (8) (7) (2) 10 2 (8) Net Timing\*\*\* Impacts - Fav/(Unfav) 13 (10) 3 (9) 9 (10) (9) (6) 7 (2) (16) \*Trade volume excludes styrene-related sales \*\*See this Appendix for a reconciliation of non-GAAP measures \*\*\*Net Timing is the difference between Raw Material Timing and Price Lag. Raw Material Timing represents the timing of raw material cost changes flowing through cost of goods sold versus current pricing. Price Lag represents the difference in revenue between the current contractual price and the current period price. |

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|:---|:---|
| &nbsp;&nbsp;![GRAPHIC](tse-20260430xex99d2g012.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 US GAAP to Non-GAAP Reconciliation NOTE: For definitions of non-GAAP measures as well as descriptions of current period reconciling items from Net Income (Loss) to Adjusted EBITDA and to Adjusted Net Income (Loss), refer to the accompanying press release furnished as Exhibit 99.1 to our Form 8-K dated April 30, 2026. Totals may not sum due to rounding. (in $millions, unless noted) Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 2024 2025 Net Loss (75.5) (67.8) (87.3) (117.9) (79.0) (105.5) (109.7) (251.4) (115.9) (348.5) (545.6) Interest expense, net 63.0 64.7 72.3 67.5 66.6 69.5 70.6 67.1 78.7 267.5 273.8 Provision for (benefit from) income taxes 5.4 20.3 3.4 1.4 6.6 2.5 8.3 25.2 9.4 30.5 42.6 Depreciation and amortization 45.0 46.6 48.3 70.3 36.0 59.8 56.4 139.4 49.8 210.2 291.6 EBITDA 37.9 63.8 36.7 21.3 30.2 26.3 25.6 (19.7) 22.0 159.7 62.4 Other items 1.3 2.5 0.9 1.7 2.3 2.9 1.1 3.4 25.0 6.4 9.7 Restructuring and other charges 9.4 4.0 28.5 2.8 7.4 10.8 3.7 42.0 9.2 44.7 63.9 Loss on financing transactions - - - - 24.9 1.6 - - - - 26.5 Net gain on disposition of businesses and assets (3.6) (3.5) - - - - - - (3.6) (7.1) - Adjusted EBITDA 45.0 66.8 66.1 25.8 64.8 41.6 30.4 25.7 52.6 203.7 162.5 Adjusted EBITDA to Adjusted Net Income Adjusted EBITDA 45.0 66.8 66.1 25.8 64.8 41.6 30.4 25.7 52.6 203.7 162.5 Interest expense, net 63.0 64.7 72.3 67.5 66.6 69.5 70.6 67.1 78.7 267.5 273.8 Provision for (benefit from) income taxes - Adjusted 4.2 5.9 3.5 6.4 1.2 2.8 3.9 9.6 9.6 20.0 17.5 Depreciation and amortization - Adjusted 46.3 47.9 47.8 46.4 45.5 44.9 42.6 41.1 38.9 188.4 174.1 Adjusted Net Income (Loss) (68.5) (51.7) (57.5) (94.5) (48.5) (75.6) (86.7) (92.1) (74.6) (272.2) (302.9) Wtd Avg Shares - Diluted (000) 35,250 35,307 35,360 35,403 35,513 35,674 35,959 35,995 36,205 35,330 35,787 Adjusted EPS - Diluted ($) (1.94) (1.46) (1.63) (2.67) (1.37) (2.12) (2.41) (2.56) (2.06) (7.71) (8.46) Adjustments by Statement of Operations Caption Loss on extinguishment of long-term debt - - 0.6 - 0.2 - - - - 0.6 0.2 Cost of sales - - - - - - - - 0.8 - - SG&A 7.1 6.5 29.6 4.5 34.4 16.0 4.8 47.6 30.4 47.7 102.8 Other expense (income), net - (3.5) (0.8) - - (0.7) - (2.2) (0.6) (4.3) (2.9) Total EBITDA Adjustments 7.1 3.0 29.4 4.5 34.6 15.3 4.8 45.4 30.6 44.0 100.1 Free Cash Flow Reconciliation Cash provided by (used in) operating activities (66.2) (41.9) 8.8 85.1 (110.2) 6.8 (21.6) 22.6 (232.9) (14.2) (102.4) Capital expenditures (15.7) (14.2) (12.2) (21.2) (8.7) (9.8) (16.5) (16.0) (11.3) (63.3) (51.0) Free Cash Flow (81.9) (56.1) (3.4) 63.9 (118.9) (3.0) (38.1) 6.6 (244.2) (77.5) (153.4) |

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