Trinseo PLCTSEEarnings & Financial Report
Trinseo is a company focusing particularly on the manufacture of plastics and latex binders. Trinseo was part of the Dow Chemical Company until Dow grouped several of its businesses for potential sale in 2009. In 2010, under the name Styron, those holdings were sold to private equity firm Bain Capital for $1.63 billion. As of 2016, Bain sold all of its stock in Trinseo, grossing $1.69 billion for 37,269,567 shares, resulting in Trinseo's “full independence as a public company.”
Revenue
$920.0M
Gross Profit
$68.4M
Operating Profit
$13.9M
Net Profit
$-67.8M
Gross Margin
7.4%
Operating Margin
1.5%
Net Margin
-7.4%
YoY Growth
-4.4%
EPS
$-1.92
Trinseo PLC Q2 FY2024 Financial Summary
Trinseo PLC reported revenue of $920.0M (down 4.4% YoY) for Q2 FY2024, with a net profit of $-67.8M (up 80.6% YoY) (-7.4% margin). Cost of goods sold was $851.6M, operating expenses totaled $54.5M.
Key Financial Metrics
| Total Revenue | $920.0M |
|---|---|
| Net Profit | $-67.8M |
| Gross Margin | 7.4% |
| Operating Margin | 1.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Trinseo PLC Q2 FY2024 revenue of $920.0M breaks down across 5 segments, led by Investment One at $492.7M (53.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Investment One | $492.7M | 53.6% |
| Other | $163.0M | 17.7% |
| Engineered Materials | $113.3M | 12.3% |
| Latex | $80.2M | 8.7% |
| Base Plastics | $70.8M | 7.7% |
Trinseo PLC Revenue by Segment — Quarterly Trend
Trinseo PLC revenue by segment across the last 4 reported quarters, showing how each business line (such as Investment One and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Investment One | — | — | $397.8M | $428.9M |
| Other | $325.2M | $363.1M | $148.4M | $120.3M |
| Engineered Materials | $105.0M | $126.0M | $127.3M | $124.2M |
| Latex | $59.9M | $73.7M | $75.9M | $69.5M |
Trinseo PLC Annual Revenue by Year
Trinseo PLC annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.0B |
| 2024 | $3.5B |
| 2023 | $3.7B |
| 2022 | $5.0B |
Trinseo PLC Quarterly Revenue & Net Profit History
Trinseo PLC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $662.6M | -19.3% | $-251.4M | -37.9% |
| Q3 FY2025 | $743.2M | -14.3% | $-109.7M | -14.8% |
| Q2 FY2025 | $784.3M | -14.8% | $-105.5M | -13.5% |
| Q1 FY2025 | $784.8M | -13.2% | $-79.0M | -10.1% |
| Q4 FY2024 | $821.5M | -1.9% | $-117.9M | -14.4% |
| Q3 FY2024 | $867.7M | -1.3% | $-87.3M | -10.1% |
| Q2 FY2024 | $920.0M | -4.4% | $-67.8M | -7.4% |
| Q1 FY2024 | $904.0M | -9.3% | $-75.5M | -8.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $904.0M | $920.0M | $867.7M | $821.5M | $784.8M | $784.3M | $743.2M | $662.6M |
| YoY Growth | -9.3% | -4.4% | -1.3% | -1.9% | -13.2% | -14.8% | -14.3% | -19.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.99B | $2.85B | $2.88B | $2.64B | $2.65B | $2.63B | $2.49B | $2.28B |
| Liabilities | $3.34B | $3.26B | $3.36B | $3.26B | $3.33B | $3.38B | $3.35B | $3.38B |
| Equity | $-348.0M | $-413.8M | $-480.0M | $-619.9M | $-679.2M | $-750.3M | $-861.6M | $-1.10B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-66.2M | $-41.9M | $8.8M | $85.1M | $-110.2M | $6.8M | $-21.6M | $22.6M |