Form 8-K
8-K — Trinseo PLC
Accession: 0001104659-26-091904
Filed: 2026-08-06
Period: 2026-08-06
CIK: 0001519061
SIC: 2821 (PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — tse-20260806x8k.htm (Primary)
EX-99.1 (tse-20260806xex99d1.htm)
EX-99.2 (tse-20260806xex99d2.htm)
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8-K
8-K (Primary)
Filename: tse-20260806x8k.htm · Sequence: 1
Trinseo PLC_August 6, 2026
00-00000000001519061false00015190612026-08-062026-08-06
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): August 6, 2026
Trinseo PLC
(Exact name of registrant as specified in its charter)
Ireland
001-36473
N/A
(State or other jurisdiction
of incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
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:
Title of Each Class
Trading symbol
Name of Exchange on which registered
Ordinary Shares, par value $0.01 per share
TSEOF
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. ☐
ITEM 2.02
Results of Operations and Financial Condition
On August 6, 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 second quarter and year ended June 30, 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
(d) Exhibits
ay
Exhibit
Number
Description
99.1
Press Release dated August 6, 2026
99.2
Investor Presentation, dated August 6, 2026
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
TRINSEO PLC
By:
/s/ David Stasse
Name:
David Stasse
Title:
Executive Vice President and Chief Financial Officer
Date: August 6, 2026
EX-99.1
EX-99.1
Filename: tse-20260806xex99d1.htm · Sequence: 2
Exhibit 99.1
Contact:
Bee van Kessel
Tel: + 1 835 235 0735
Email: investorrelations@trinseo.com
Trinseo Reports Second Quarter 2026 Financial Results
Second Quarter 2026 Highlights
● Net loss of $120 million and EPS of $(3.27) included $89 million of pre-tax charges, primarily related to ongoing lender negotiations and asset restructuring programs
● Adjusted EBITDA* of $81 million was $39 million above prior year, primarily from margin improvements in Polymer Solutions and Engineered Materials and from savings achieved on previously announced asset restructuring actions
● Cash used in operating activities of $115 million and capital expenditures of $10 million resulted in Free Cash Flow* of negative $125 million, ending cash of $198 million (of which $17 million was restricted), and total liquidity of $187 million
● Commenced and continued to advance our debt restructuring process, supported by court-approved debtor-in-possession (“DIP”) financing, with the goal of strengthening the Company's balance sheet and enhancing long-term financial flexibility, while continuing to operate in the ordinary course and meeting all obligations to employees, suppliers and other customers; note: our most recent disclosures can be found in the Form 10-Q.
● Restarted the sale process of Americas Styrenics with our joint venture partner
Three Months Ended
June 30,
$millions, except per share data
2026
2025
Net Sales
$
845
$
784
Net Loss
(120)
(106)
Diluted EPS ($)
(3.27)
(2.95)
Adjusted Net Loss*
(27)
(76)
Adjusted EPS ($)*
(0.74)
(2.12)
EBITDA*
(8)
26
Adjusted EBITDA*
81
42
Cash used in operating activities
(115)
7
Free Cash Flow*
(125)
(3)
*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.
1
WAYNE, Pa — August 6, 2026 — Trinseo, a specialty material solutions provider, today reported its second quarter 2026 financial results. Net sales of $845 million increased 8% compared with the prior year, driven by higher prices across all business segments due to pass-through of higher raw material costs, commercial initiatives, and favorable currency impacts. These increases were partially offset by lower volumes, which were entirely attributable to the closure of our virgin MMA production facilities in Italy and the force majeure at our polystyrene plant in Tessenderlo caused by operational damage from a severe storm. Second quarter net loss of $120 million was $14 million worse than prior year. The current year quarter included $89 million of pre-tax charges, primarily related to reorganization items and other debt restructuring costs, as well as asset restructuring programs. Adjusted EBITDA of $81 million was $39 million above prior year, primarily from margin improvements in Polymer Solutions and Engineered Materials and savings from previously announced asset restructuring actions.
Second quarter cash used in operating activities of $115 million and capital expenditures of $10 million led to Free Cash Flow* of negative $125 million. Free cash flow was impacted by debt and other restructuring fees of $85 million and volatile raw material costs which led to a working capital increase of $80 million.
During the quarter, the Company continued to advance its debt restructuring process and maintain ordinary-course operations supported by court-approved DIP financing. Trinseo remains focused on serving customers, supporting suppliers and employees, and executing its financial restructuring to strengthen its balance sheet and improve long-term financial flexibility.
Second Quarter Results and Commentary by Business Segment
● Engineered Materials net sales of $292 million for the quarter decreased 1% versus prior year primarily due to lower MMA volumes following the closure of our virgin MMA production facilities in Italy. Adjusted EBITDA of $43 million increased $12 million versus prior year due to global margin expansion as a result of strategic product mix improvements from lower MMA volumes and higher PMMA resin volumes, as well as lower fixed costs driven by savings from the closure of the aforementioned MMA facilities.
● Latex Binders net sales of $248 million for the quarter increased 21% versus prior year from higher prices and volumes, primarily in paper and board and textile applications in Asia and North America. Adjusted EBITDA of $16 million was $1 million below prior year due to continued weakness in paper & board and textile applications in Europe as well as negative net timing. Net sales to CASE and battery binders applications accounted for 15% of total segment net sales, with volume increasing 3% over prior year in a muted market environment.
● Polymer Solutions net sales of $306 million for the quarter increased 7% versus prior year from higher prices, partially offset by lower volumes primarily in polystyrene due to our Tessenderlo site’s force majeure from the end of March to the beginning of May. Plant operations were fully restored by the end of May. Adjusted EBITDA of $43 million was $38 million above prior year, primarily due to margin improvement from raw material volatility and commercial initiatives, partially offset by lower polystyrene volumes.
● Americas Styrenics Adjusted EBITDA of $1 million for the quarter was $7 million below prior year from higher raw material costs, mainly benzene, and soft end market demand.
Commenting on the Company’s second quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, “The second quarter has been characterized by volatile market conditions and persistent consumer uncertainty amidst significant ongoing geopolitical tensions, however our team has remained focused and taken proactive steps to take advantage of opportunities where they arise. We continue to focus on strategic product and market growth, while delivering world-class service to our customers and maintaining strong relationships with our suppliers. We are also encouraged by the progress made in our balance sheet restructuring process, which is supported by our court-approved DIP financing and allows us to continue operating in the ordinary course. We look forward to completing the restructuring and emerging with a stronger balance sheet, enhanced financial flexibility and an improved foundation to continue driving innovation and executing our long-term strategy.”
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.
2
Use of non-GAAP measures
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.
Cautionary Note on Forward-Looking Statements
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 obtain approval of the joint prepackaged plan of reorganization or other motions or requests made with respect to the voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the “Chapter 11 Cases”); our ability to consummate the plan of reorganization and emerge from Chapter 11 within our currently expected timeline or at all; the effects of the Chapter 11 Cases, including increased professional costs, on our liquidity, results of operations and business; the outcome of litigation related to the Chapter 11 Cases; the consummation of the transactions contemplated by the plan of reorganization, including the ability of the parties to negotiate definitive agreements and satisfy the other conditions of the plan of reorganization, including completion of the Irish examinership proceedings and other regulatory filings; 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.
3
TRINSEO PLC
Condensed Consolidated Statements of Operations
(In millions, except per share data)
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
2026
2025
Net sales
$
845.4
$
784.3
$
1,570.1
$
1,569.1
Cost of sales
745.7
747.7
1,408.7
1,468.7
Gross profit
99.7
36.6
161.4
100.4
Selling, general and administrative expenses
100.8
78.1
188.2
169.1
Equity in earnings of unconsolidated affiliate
1.2
8.2
3.3
6.4
Operating income (loss)
0.1
(33.3)
(23.5)
(62.3)
Interest expense, net
72.4
69.5
151.1
136.1
Reorganization items, net
41.3
—
41.3
—
Other expense (income), net
5.5
0.2
9.7
(23.0)
Loss before income taxes
(119.1)
(103.0)
(225.6)
(175.4)
Provision for income taxes
0.5
2.5
9.9
9.1
Net loss
$
(119.6)
$
(105.5)
$
(235.5)
$
(184.5)
Weighted average shares- basic
36.6
35.7
36.4
35.6
Net loss per share- basic
$
(3.27)
$
(2.95)
$
(6.47)
$
(5.18)
Weighted average shares- diluted
36.6
35.7
36.4
35.6
Net loss per share- diluted
$
(3.27)
$
(2.95)
$
(6.47)
$
(5.18)
4
TRINSEO PLC
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
June 30,
December 31,
2026
2025
Assets
Cash and cash equivalents
$
181.4
$
146.7
Accounts receivable, net of allowance
477.4
364.5
Inventories
390.7
316.0
Other current assets
116.4
37.5
Investments in unconsolidated affiliate
210.2
206.9
Property, plant, equipment, goodwill, and other intangible assets, net
1,001.7
1,084.2
Right-of-use assets - operating, net
59.4
56.2
Other long-term assets
61.4
68.2
Total assets
$
2,498.6
$
2,280.2
Liabilities and shareholders’ equity (deficit)
Current liabilities
999.2
714.7
Long-term debt
1.9
2,332.5
Noncurrent lease liabilities - operating
26.0
47.9
Other noncurrent obligations
256.4
282.9
Liabilities subject to compromise
2,562.3
—
Shareholders’ equity (deficit)
(1,347.2)
(1,097.8)
Total liabilities and shareholders’ equity (deficit)
$
2,498.6
$
2,280.2
5
TRINSEO PLC
Condensed Consolidated Statements of Cash Flows
(In millions)
(Unaudited)
Six Months Ended
June 30,
2026
2025
Cash flows from operating activities
Cash used in operating activities
$
(348.2)
$
(103.4)
Cash flows from investing activities
Capital expenditures
(21.3)
(18.5)
Proceeds from the sale of other assets
4.8
—
Cash used in investing activities
(16.5)
(18.5)
Cash flows from financing activities
Deferred financing fees
(10.8)
(19.8)
Short-term borrowings, net
(1.0)
(2.3)
Dividends paid
(0.5)
(0.9)
Withholding taxes paid on restricted share units
(0.2)
(0.2)
Repurchases and repayments of long-term debt
(3.0)
(9.6)
Net proceeds from issuance of 2028 Refinance Term Loans
—
115.0
Repayments of 2025 Senior Notes
—
(115.0)
Proceeds from Accounts Receivable Securitization Facility
171.4
130.0
Repayments of Accounts Receivable Securitization Facility
(144.7)
(55.0)
Proceeds from Revolving Facility
304.6
50.0
Repayments of Revolving Facility
(41.2)
(50.0)
Borrowing under the DIP Facility
142.5
—
Cash provided by financing activities
417.1
42.2
Effect of exchange rates on cash
(3.0)
7.0
Net change in cash, cash equivalents, and restricted cash
49.4
(72.7)
Cash, cash equivalents, and restricted cash—beginning of period
149.0
211.9
Cash, cash equivalents, and restricted cash—end of period
$
198.4
$
139.2
Less: Restricted cash
17.0
2.2
Cash and cash equivalents—end of period
$
181.4
$
137.0
6
TRINSEO PLC
Notes to Condensed Consolidated Financial Information
(Unaudited)
Note 1: Net Sales by Segment
Three Months Ended
Six Months Ended
June 30,
June 30,
(In millions)
2026
2025
2026
2025
Engineered Materials
$
291.5
$
293.2
$
554.5
$
570.5
Latex Binders
247.9
204.2
444.4
413.5
Polymer Solutions
306.0
286.9
571.2
585.1
Americas Styrenics*
—
—
—
—
Total Net Sales
$
845.4
$
784.3
$
1,570.1
$
1,569.1
* 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.
7
Three Months Ended
June 30,
(In millions, except per share data)
2026
2025
Net loss
$
(119.6)
$
(105.5)
Interest expense, net
72.4
69.5
Provision for income taxes
0.5
2.5
Depreciation and amortization (a)
38.8
59.8
EBITDA
$
(7.9)
$
26.3
Loss on financing transactions (b)
6.0
1.6
Selling, general, and administrative expenses
Net gain on disposition of businesses and assets (c)
(2.5)
—
Selling, general, and administrative expenses
Restructuring and other charges (d)
8.8
10.8
Selling, general, and administrative expenses
Reorganization items, net (e)
41.3
—
Reorganization items, net
Other items (e)
35.3
2.9
Selling, general, and administrative expenses, Other expense (income), net
Adjusted EBITDA
$
81.0
$
41.6
Adjusted EBITDA to Adjusted Net Loss:
Adjusted EBITDA
81.0
41.6
Interest expense, net
72.4
69.5
Provision for income taxes - Adjusted (f)
(1.2)
2.8
Depreciation and amortization - Adjusted (g)
36.8
44.9
Adjusted Net Loss
$
(27.0)
$
(75.6)
Weighted average shares- diluted
36.6
35.7
Adjusted EPS
$
(0.74)
$
(2.12)
Adjusted EBITDA by Segment:
Engineered Materials
$
43.2
$
31.1
Latex Binders
15.8
16.8
Polymer Solutions
43.4
5.2
Americas Styrenics
1.2
8.2
Corporate Unallocated
(22.6)
(19.7)
Adjusted EBITDA
$
81.0
$
41.6
(a) During the three months ended June 30, 2025, the Company entered into an agreement to move our current enterprise resource planning (“ERP”) system to a cloud based system, triggering an acceleration of the amortization of the capitalized software assets totaling $13.8 million.
(b) Amounts for the three ended June 30, 2026 primarily relate to fees incurred in conjunction with the Company’s ongoing lender negotiations that did not meet the criteria for deferred financing charges as the transaction occurred during the Chapter 11 proceedings and was accounted for in accordance with ASC 852.
Amounts for the three months ended June 30, 2025 primarily relate to fees incurred in conjunction with Company’s debt refinancing transaction that did not meet the criteria for deferred financing charges as the transaction was accounted for as a modification of debt in accordance with ASC 470-60.
(c) Amounts for the three months ended June 30, 2026 primarily relate to gain on sale of assets after certain of the Company’s restructuring plans.
(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.
(e) Other items for the three ended June 30, 2026 primarily relate to fees incurred in connection with the Company’s ongoing lender negotiations which were incurred before the Company filed for bankruptcy or were incurred by non-Debtor entities. Any fees incurred in connection with the Company’s ongoing lender negotiations by the Debtors during the pendency of the bankruptcy are included in Reorganization items, net.
Other items for the 2025 period primarily relate to fees incurred in conjunction with certain of the Company’s legal defense costs associated with Synthos litigation.
(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
8
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.
(g) Amounts for the three months ended June 30, 2026 and 2025 exclude accelerated depreciation of $2.0 million and $14.9 million, respectively. The 2026 and 2025 charges are primarily related to the depreciation impacts related to restructuring programs.
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
Three Months Ended
Six Months Ended
June 30,
June 30,
(In millions)
2026
2025
2026
2025
Cash provided by (used in) operating activities
$
(115.3)
$
6.8
$
(348.2)
$
(103.4)
Capital expenditures
(10.0)
(9.8)
(21.3)
(18.5)
Free Cash Flow
$
(125.3)
$
(3.0)
$
(369.5)
$
(121.9)
9
EX-99.2
EX-99.2
Filename: tse-20260806xex99d2.htm · Sequence: 3
Exhibit 99.2
1 Trademark of Trinseo PLC or its affiliates
Second Quarter 2026 Financial
Results
August 6, 2026
2
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 obtain approval of the joint prepackaged plan of reorganization or other motions or requests made with respect
to the voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the “Chapter 11
Cases”); our ability to consummate the plan of reorganization and emerge from Chapter 11 within our currently expected timeline or at all; the effects of the Chapter 11 Cases,
including increased professional costs, on our liquidity, results of operations and business; the outcome of litigation related to the Chapter 11 Cases; the consummation of the
transactions contemplated by the plan of reorganization, including the ability of the parties to negotiate definitive agreements and satisfy the other conditions of the plan of
reorganization, including completion of the Irish examinership proceedings and other regulatory filings; our ability to continue as a going concern; our ongoing discussions with ou
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 existin
indebtedness; deterioration of our credit profile limiting our access to commercial credit; unexpected payment obligations or liabilities which could create liquidit
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 t
successfully generate cost savings through restructuring and cost reduction initiatives; our ability to successfully execute our business and transformation strategy; increased costs o
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 a
regulations impacting our business; any disruptions in production at our chemical manufacturing facilities, including those resulting from accidental spills or discharges; our ability t
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.
3
Summary
Q2 2026 Results
• Net loss of $120 million and EPS of negative $3.27 included $89 million of pre-tax
charges, primarily related to $85 million of reorganization items and other debt
restructuring costs plus asset restructuring programs.
• Adjusted EBITDA* of $81 million was $39 million above prior year, primarily from margin
improvements as well as savings from previously announced asset restructuring actions
* See Appendix for a reconciliation of non-GAAP measures
Cash Generation
& Liquidity
• Second quarter cash used in operating activities of $115 million, including an increase to
working capital of $80 million from volatile raw material costs, and capital expenditures
of $10 million resulted in Free Cash Flow* of negative $125 million
• Second quarter ending cash of $198 million (of which $17 million was restricted) and total
liquidity of $187 million
Q2 Highlights
• Released our 16th annual Sustainability and Corporate Social Responsibility Report
• Restarted the sale process of Americas Styrenics
• Continued focus on expansion of our strategic businesses, with 8% higher volumes in
our growth platforms and 27% higher volumes in our recycled content containing sales
Debt
Restructuring
• Debt restructuring is progressing on track, with confirmation hearing for the pre-packaged Plan by the U.S. Bankruptcy Court scheduled in mid-August
• No interruptions to business operations and no concessions to vendors, suppliers,
customers, or employees
• Upon completion, will emerge with a stronger balance sheet and improved long-term
financial flexibility
4
Sustainability Highlights FY2025
• 7 Sustainability Goals enhanced related to
climate change, supplier responsibility and
responsible operations
• 2 collaborations for circular solution
advancement
• Reduced 73% total greenhouse gas emissions (2017 base year; 18%
reduction compared to FY2024)
• 644 solar panels installed at Tessenderlo, Belgium, facility
• 2 Power Purchase Agreements signed for on-site renewable energy
sources
• Completed first biodiversity assessment as part of water stewardship and
nature-related risk program
• 1 revised Supplier Responsibility Sustainability
Goal building on 2024 achievement
• Maintained 15 Operation Clean Sweep®
compliant facilities worldwide
• 9% of product portfolio sustainably advantaged* (increased from 8% in
FY2024)
• 1st dissolution recycled polystyrene product approved in Europe for
direct food contact
• Launched VOLTABOND 109 Latex Binder
• ISO14021 validation received for ALTUGLAS R-LIFE product line.
• 0 significant transportation incidents
• 43,632 total hours of training (18% increase
compared to FY2024)
• Improved TRIR to 0.18 incident rate (0.3 in
FY2024); far below industry average
*Sustainably Advantaged is defined as products that have recycled, renewable or degradable content contributing to
a circular economy model; have reduced/eliminated raw material substances of concern; or contribute to GH
emission reduction or material intensity reduction
Products & Innovations Environmental Protection
Sustainability Strategy Business & Operations People
5
Q2 2026 Sales and Volume Summary
Q2 Net sales in $millions
Q2 Volume variances exclude styrene-related sales
Second Quarter Volume Drivers:
Europe
• Lower volumes in polystyrene, primarily from Tessenderlo’s
force majeure that resulted from damage to operating
components of the plant caused by a severe storm in late
March; operations were fully restored by the end of May
• Lower volumes in MMA due to closure of our virgin MMA
production facilities in Italy
• Partial offset from higher Latex Binders volumes in paper &
board and CASE applications
U.S.
• Higher volumes in paper & board and textile from
commercial initiatives
• Higher volumes in PMMA resins due to commercial wins
• Lower volumes in ABS from destocking related to high raw
material costs
Asia
• Higher volumes in paper & board and textile from
commercial initiatives and prior year tariff headwinds
• Higher volumes in battery binders from new products and
continued strategic expansion
• Lower demand in Polymer Solutions
Net Sales
Global
$845
Sales Volume
YoY: (8)%
Sales Volume
YoY: (17)%
Sales Volume
YoY: 4%
Sales Volume
YoY: 0%
Europe
$377
U.S.
$253
Asia-Pacific
$186
Rest of World
$29
6
Vol Price FX Total
(5%) 11% 2% 8%
$845
($120)
$784
($106)
Net Sales Net Loss
Net Sales & Net Loss
($MM)
Q2'26 Q2'25
Trinseo Q2 2026 Financial Results
Net Sales
• Versus prior year: Adjusted EBITDA* of $81 million was $39 million above prior year primarily due to margin improvements
in Polymer Solutions and Engineered Materials, commercial initiatives, and savings from previously announced asset
restructuring actions in the current year; Q2 results included $17 million of net timing favorability as compared to prior year
• Versus prior quarter: Adjusted EBITDA* increase of $28 million above prior year due to margin improvements in Polymer
Solutions and higher volumes and margins in Engineered Materials
• Equity affiliate income from Americas Styrenics was $1 million in the quarter, versus $8 million in prior year and $2 million
in prior quarter, with the declines versus both periods primarily from higher raw material costs and soft end market demand
* See Appendix for a reconciliation of non-GAAP measures
$81
$42
Q2'26 Q2'25
Adjusted EBITDA* ($MM)
($3.27)
($0.74)
($2.95)
($2.12)
Diluted EPS Adj EPS*
EPS ($)
Q2'26 Q2'25
7
Engineered Materials
• Versus prior year: Adjusted EBITDA was $12 million higher, due to global margin expansion
from strategic product mix improvements with lower MMA and higher PMMA resin volumes, plus
lower fixed costs driven by savings from the closure of our virgin MMA production facilities in
Italy
• Versus prior quarter: Adjusted EBITDA increase of $9 million was attributable to Compounding
and PMMA Resins, primarily from improved margins particularly in Europe
• Volumes of recycled content containing products in Engineered Materials grew 23% in the
quarter versus prior year
Vol Price FX Total
(3%) 1% 1% (1%)
$292 $293
Qtr2 2026 Qtr2 2025
Net Sales ($MM)
$43
$31
Qtr2 2026 Qtr2 2025
Adjusted EBITDA ($MM)
70 76
Qtr2 2026 Qtr2 2025
Volume (kt)
8
• Versus prior year: Adjusted EBITDA was $1 million below prior year primarily due to unfavorable
net timing, partially offset by higher volumes
• Versus prior quarter: Adjusted EBITDA was flat sequentially, as volume and margin
improvements, primarily in paper & board, were offset by negative net timing
• Sales volumes in CASE and battery binders were up 5% versus prior quarter and 3% versus prior
year. We continue to grow our portfolio of products and gain share.
Latex Binders
Vol Price FX Total
9% 10% 2% 21%
$248
$204
Qtr2 2026 Qtr2 2025
Net Sales ($MM)
$16 $17
Qtr2 2026 Qtr2 2025
Adjusted EBITDA ($MM)
102
92
Qtr2 2026 Qtr2 2025
Volume (kt)
9
Polymer Solutions
• Versus prior year: Adjusted EBITDA of $43 million was $38 million above prior year primarily due
to margin improvement from raw material volatility and commercial initiatives. Higher margins
were partially offset by reduced volumes in polystyrene due to Tessenderlo’s force majeure
during the seasonally high sales period, which was caused by operational damage from a severe
storm
• Versus prior quarter: Adjusted EBITDA increase of $19 million was due to higher margins in
polystyrene and ABS, despite lower volumes
* Volume excludes styrene-related sales
Vol Price FX Total
(17%) 22% 2% 7%
$306
$287
Qtr2 2026 Qtr2 2025
Net Sales ($MM)
$43
$5
Qtr2 2026 Qtr2 2025
Adjusted EBITDA ($MM)
136
165
Qtr2 2026 Qtr2 2025
Volume* (kt)
10
Liquidity (Q2 2026)
Cash and Borrowing
Facilities ($ millions)
AR Securitization
$181
$5
$0
Cash
$187MM Combined Cash
and Availability under
Committed Facilities
Liquidity Details:
• As of June 30, 2026, the Revolving Credit Facility is included
within liabilities subject to compromise, along with other prepetition
indebtedness; therefore, the Company did not have any funds
available for borrowing under this facility
• $145 million drawn on the AR Securitization; total facility capacity
of $150 million fully available
• Cash of $181 million excludes restricted cash of $17 million
• Liquidity is supported by additional financing of $158 million
secured during the Chapter 11 process
• The Company is in compliance with liquidity covenants under the
DIP Financing arrangements
Revolving Credit
Facility
11
Debt Restructuring Overview
* Assumes post-petition revolving credit facility undrawn
~$2 Billion Debt
Reduction
~$140 Million Annual
Cash Interest Reduction
Chapter 11 Emergence
anticipated before year
end
No Business
Interruptions or
Concessions
$2.8
$1.0
Pre-Petition Post-Emergence*
$240
$100
Pre-Petition Post-Emergence
USD Billions
USD Millions
• Operations continue as normal in the U.S. and globally
• No concessions or impacts to vendors, suppliers, customers, or
employees
• Pre-packaged Chapter 11 filing will serve to efficiently
implement the Restructuring Support Agreement entered into
with the majority of our existing lenders
• Trinseo will emerge with a stronger balance sheet, positioned
for the future
Debt
Interest
12
Appendix
13
Segment Information
(in $millions, unless noted) Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 2024 2025
Engineered Materials 78 88 74 71 72 76 70 63 72 70 310 282
Latex Binders 119 111 106 97 98 92 97 93 98 102 434 380
Polymer Solutions 204 174 167 172 174 165 166 161 162 136 718 666
Trade Volume* (kt) 402 374 347 340 345 334 333 317 331 308 1,462 1,329
Engineered Materials 283 324 294 276 277 293 273 240 263 292 1,177 1,084
Latex Binders 241 252 242 218 209 204 198 176 197 248 954 788
Polymer Solutions 380 344 331 327 298 287 271 246 265 306 1,382 1,103
Net Sales 904 920 868 821 785 784 743 663 725 845 3,513 2,975
Engineered Materials 10 32 34 27 26 31 34 27 34 43 102 117
Latex Binders 26 26 26 19 24 17 17 9 16 16 95 67
Polymer Solutions 29 16 23 17 44 5 4 15 24 43 86 69
Americas Styrenics 6 16 4 (10) (2) 8 (2) (7) 2 1 15 (3)
Corporate (26) (23) (20) (26) (28) (20) (22) (18) (23) (23) (95) (88)
Adjusted EBITDA** 45 67 66 26 65 42 30 26 53 81 204 163
Adj EBITDA Variance Analysis
Net Timing** Impacts - Fav/(Unfav)
Engineered Materials (7) 0 1 (1) (0) (1) (1) (3) (3) 3 (6) (5)
Latex Binders 2 (1) 1 0 1 (2) (1) (1) 1 (6) 2 (3)
Polymer Solutions 18 (9) 2 (9) 8 (8) (7) (2) 10 10 2 (8)
Net Timing*** Impacts - Fav/(Unfav) 13 (10) 3 (9) 9 (10) (9) (6) 7 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.
14
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 August 6, 2026. Totals may not sum due to rounding.
(in $millions, unless noted) Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 2024 2025
Net Loss (75.5) (67.8) (87.3) (117.9) (79.0) (105.5) (109.7) (251.4) (115.9) (119.6) (348.5) (545.6)
Interest expense, net 63.0 64.7 72.3 67.5 66.6 69.5 70.6 67.1 78.7 72.4 267.5 273.8
Provision for (benefit from) income taxes 5.4 20.3 3.4 1.4 6.6 2.5 8.3 25.2 9.4 0.5 30.5 42.6
Depreciation and amortization 45.0 46.6 48.3 70.3 36.0 59.8 56.4 139.4 49.8 38.8 210.2 291.6
EBITDA 37.9 63.8 36.7 21.3 30.2 26.3 25.6 (19.7) 22.0 (7.9) 159.7 62.4
Other items 1.3 2.5 0.9 1.7 2.3 2.9 1.1 3.4 25.0 35.3 6.4 9.7
Restructuring and other charges 9.4 4.0 28.5 2.8 7.4 10.8 3.7 42.0 9.2 8.8 44.7 63.9
Loss on financing transactions - - - - 24.9 1.6 - - - 6.0 - 26.5
Net gain on disposition of businesses and assets (3.6) (3.5) - - - - - - (3.6) (2.5) (7.1) -
Reorganization items, net - - - - - - - - - 41.3 - -
Adjusted EBITDA 45.0 66.8 66.1 25.8 64.8 41.6 30.4 25.7 52.6 81.0 203.7 162.5
Adjusted EBITDA to Adjusted Net Income
Adjusted EBITDA 45.0 66.8 66.1 25.8 64.8 41.6 30.4 25.7 52.6 81.0 203.7 162.5
Interest expense, net 63.0 64.7 72.3 67.5 66.6 69.5 70.6 67.1 78.7 72.4 267.5 273.8
Provision for (benefit from) income taxes - Adjusted 4.2 5.9 3.5 6.4 1.2 2.8 3.9 9.6 9.6 (1.2) 20.0 17.5
Depreciation and amortization - Adjusted 46.3 47.9 47.8 46.4 45.5 44.9 42.6 41.1 38.9 36.8 188.4 174.1
Adjusted Net Income (Loss) (68.5) (51.7) (57.5) (94.5) (48.5) (75.6) (86.7) (92.1) (74.6) (27.0) (272.2) (302.9)
Wtd Avg Shares - Diluted (000) 35,250 35,307 35,360 35,403 35,513 35,674 35,959 35,995 36,205 36,560 35,330 35,787
Adjusted EPS - Diluted ($) (1.94) (1.46) (1.63) (2.67) (1.37) (2.12) (2.41) (2.56) (2.06) (0.74) (7.71) (8.46)
Adjustments by Statement of Operations Caption
Loss on extinguishment of long-term debt - - 0.6 - 0.2 - - - - 6.0 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 40.3 47.7 102.8
Other expense (income), net - (3.5) (0.8) - - (0.7) - (2.2) (0.6) 1.3 (4.3) (2.9)
Reorganization items, net - - - - - - - - - 41.3 - -
Total EBITDA Adjustments 7.1 3.0 29.4 4.5 34.6 15.3 4.8 45.4 30.6 88.9 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) (115.3) (14.2) (102.4)
Capital expenditures (15.7) (14.2) (12.2) (21.2) (8.7) (9.8) (16.5) (16.0) (11.3) (10.0) (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) (125.3) (77.5) (153.4)
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v3.26.1
Document and Entity Information
Aug. 06, 2026
Cover [Abstract]
Document Type
8-K
Document Period End Date
Aug. 06, 2026
Securities Act File Number
001-36473
Entity Registrant Name
Trinseo PLC
Entity Incorporation, State or Country Code
L2
Entity Tax Identification Number
00-0000000
Entity Address, Address Line One
440 East Swedesford Road
Entity Address, Address Line Two
Suite 301
Entity Address, City or Town
Wayne
Entity Address, State or Province
PA
Entity Address, Postal Zip Code
19087
City Area Code
610
Local Phone Number
240-3200
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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration