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Trinseo’s securities were sent into a free fall on 7 August as the company posted sharp earnings losses in its Q2 2025 results.

The chemicals manufacturer has been facing weakened demand and lower volumes — in part due to the uncertainty brought on by tariffs — and earlier this year carried out an LME designed to manage debt maturities in a tough macroeconomic environment.

Its latest earnings show those headwinds persisting. The company’s adjusted EBITDA for the quarter came in at $42m, down from $67m year-over-year. Its net sales of $784.3m declined from $920m in the same period last year.

The bulk of those losses, the company said, was driven by lower volumes.