Trinseo PLC
trinseo.comWhat Do They Do?
Makes specialty plastics, latex binders and polymer materials for manufacturers serving automotive, construction and consumer goods markets.
10-K for FY2025, filed Mar 13, 2026Our Engineered Materials segment consists of rigid thermoplastic compounds and blends products sold into high growth and high value…View ↗
SB latex is widely used as a binder for mineral pigments as it allows high coating speeds, improved smoothness, higher gloss level, opacity…View ↗
Our Polymer Solutions segment consists of a variety of polymers, the majority of which are for building and construction applications. The…View ↗
How Do They Make Money?
Customers buy products under orders and contracts, then pay the invoice under the agreed terms; timing varies by segment and region.
10-K for FY2025, filed Mar 13, 2026For all material contracts with customers, net sales are recognized and control is transferred at a point in time when the Company…View ↗
-
10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by reportable segment ↗
$3B
-
10-K for FY2025, filed Mar 13, 2026
$3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Engineered Materials
Sold outright
10-K for FY2025, filed Mar 13, 2026 |
36%
FY2022: 29%
|
Engineered Materials, FY2025
$1.1B Sources
|
Sold outright |
|
Latex Binders
Sold outright
10-K for FY2025, filed Mar 13, 2026 |
26%
FY2022: 26%
|
Latex Binders, FY2025
$787.9M Sources
|
Sold outright |
|
Polymer Solutions
Sold outright
10-K for FY2025, filed Mar 13, 2026 |
37%
FY2022: 46%
|
Polymer Solutions, FY2025
$1.1B Sources
|
Sold outright |
Who Are Their Customers?
Sells mainly through its own sales force, with distributors, channel partners and agents also involved; regional employees typically sell directly to customers.
10-K for FY2025, filed Mar 13, 2026We have a customer-centric business model that has helped us to develop strong relationships with many customers. Our sales and marketing…View ↗
Do Revenues Turn Into Profits?
No. It lost $545.6M in FY2025.
10-K for FY2025, filed Mar 13, 2026
−$254.2MView ↗
10-K for FY2025, filed Mar 13, 2026
−$545.6MView ↗
10-K for FY2025, filed Mar 13, 2026
−$153.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$119.6MView ↗
- ▲ +13% (Loss)
- vs −$105.5M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
-
May 26, 2026
Trinseo filed for Chapter 11 bankruptcy protection
The company said it would continue operating during the court process.
Sources
8-K, filed May 26, 2026
On May 26, 2026 (the “Petition Date”), the Debtors filed voluntary petitions (the “Chapter 11 Cases”) under Chapter 11 of the Bankruptcy…View ↗
Shrinking. Revenue fell 38% in 4 years, from $4.8B in FY2021 to $3B in FY2025, about 11% a year.
MMA sourcing
The older report described European MMA production mainly for internal use, with some sales to outside buyers. The latest report says production in Italy ceased and MMA will be sourced from outside suppliers.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Mar 13, 2026Our Engineered Materials segment consists of rigid thermoplastic compounds and blends products, soft thermoplastic products, continuous…View ↗
Engineered Materials segment also includes polymethyl methacrylates (“PMMA”) and activated methyl methacrylates (“MMA”) products, which are…View ↗
Who Do They Compete With?
Competes with Sabic, Covestro, Styrolution, Shanghai Pret Composites, LG Chem, Lotte Chemical, Kingfa, Kraiburg, Celanese, Avient, Hexpol, BASF, Roehm, Plaskolite, Mitsubishi Chemicals, Schweiter Technologies, and Synthomer
10-K for FY2025, filed Mar 13, 2026Our main competitors are Sabic, Covestro, Styrolution, Shanghai Pret Composites Co. Ltd., LG Chem, Lotte Chemical Corporation, and Kingfa…View ↗
Loading...
