Seventh Consecutive Quarter of Improved Adjusted EBITDA
Trinseo achieved its seventh consecutive quarter of improved year-over-year adjusted EBITDA, reaching $65 million, which is up $20 million compared to the previous year, driven by restructuring actions and improved business mix.
Significant Growth in Specialty Products
The company reported a 33% increase in volume for recycled content-containing products, a 43% rise in consumer electronic applications, and more than doubled PMMA resin volumes in Asia.
Successful Polycarbonate Licensing Agreement
Trinseo recognized $26 million in licensing income from its polycarbonate technology deal with Deepak Chem Tech, with projects worth an estimated total of $52 million.
Positive Developments in Battery Binders
Trinseo has been securing new business in anode binders for lithium-ion batteries, citing opportunities in grid storage and automotive battery applications.
Strong Consumer Electronics Growth
Consumer electronic applications grew by 43%, driven by high recycled content solutions, contributing to 20% of Asia Pacific revenue.