Filing Flows › Trinseo (TSEOQ) › Q1 2025
Trinseo (TSEOQ) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Trinseo (TSEOQ) reported revenue of $785M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -4% from the quarter before. Operating margin was -3.7%, net loss $79.0M (10.1% of revenue).
Trinseo, Q1 2025: revenue $785M (-13% year over year), operating margin -3.7%, net loss $79.0M, operating cash flow −$110M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $785M | -4% | -13% |
| Operating profit | −$29.0M | — | — |
| Net earnings | −$79.0M | — | — |
| Operating cash flow | −$110M | -229% | — |
What changed
Revenue was $784.8M in Q1 2025, down 13% year over year and down 4% from the previous quarter. Polymer Solutions was the largest line at 38% of revenue. Polymer Solutions lost $81.8M year over year (down 22%), 69% of the total change.
Gross margin was 8.1%, up 1.4 points from a year earlier. Operating costs exceeded revenue by $29.0M, an operating margin of -3.7%. Operating expenses grew 45% against a revenue fall of 13%. The quarter ended with a net loss of $79.0M, narrower than the previous quarter's $117.9M loss. Net interest and other expense of $43.4M was the main reason.
Operating cash flow was −$110.2M. Non-cash charges added back $36.0M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $72.9M. Capital expenditures of $8.7M exceeded it, leaving free cash flow of −$118.9M.
Questions
What was Trinseo's revenue in the first quarter 2025?
Trinseo (TSEOQ) reported revenue of $785M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -4% from the quarter before.
Was Trinseo profitable in the first quarter 2025?
Operating loss was $29.0M (-3.7% of revenue) and net loss $79.0M.
Source: Trinseo 10-Q on SEC EDGAR.