---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-008123"
form_type: "8-K"
ticker: "TSEOF"
cik: "0001519061"
company_name: "Trinseo PLC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:45:53.206181+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Trinseo Q1 net loss $49M; FY Adj EBITDA guidance cut to $275M-$325M from $375M-$425M

## Summary
- Q1 net loss $49M (-$1.40/sh) vs prior-year net income $17M; Adjusted EBITDA $36M vs $178M YoY.
- FY2023 Adjusted EBITDA guidance lowered to $275M-$325M (midpoint ~$300M) from $375M-$425M; net loss forecast $61M-$94M.
- Cash improvement initiatives target >$100M benefit in 2023; Q1 Free Cash Flow $24M; FY FCF outlook raised to ~$75M from breakeven.
- Cash dividend to be substantially reduced starting Q3 2023; Styrenics sales process restarted; Matamoros PMMA sale for $19M expected to close Q2.

## SEC filing metadata
- accession: 0001558370-23-008123
- form_type: 8-K
- ticker: TSEOF
- cik: 0001519061
- company_name: Trinseo PLC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519061/000155837023008123/0001558370-23-008123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519061/000155837023008123/tse-20230504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008123
- JSON: https://secwatch.observer/filing/0001558370-23-008123.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008123.txt

## Key facts
- Earnings Releases
  Trinseo PLC reported first quarter ended March 31, 2023 results: revenue $996, net income $(49), EPS $(1.40).
  - Period: first quarter ended March 31, 2023
  - Revenue: $996
  - Net income: $(49)
  - EPS: $(1.40)
  - Result: reported results
  source text: Three Months Ended ​ ​ March 31, $millions, except per share data ​ 2023 2022 Net Sales $ 996 $ 1,387 Net Income (Loss) from continuing operations ​ (49) ​ 17 Diluted EPS from continuing operations ($) ​ (1.40) ​ 0.45
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519061/000155837023008123/0001558370-23-008123-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.