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TRINSEO Press Contact : Trinseo Dina Pokedoff Tel : +1 610-240-3307 Email : dpokedoff@trinseo.com Investor Contact : Trinseo Andy Myers Tel : +1 610-240-3221 Email : aemyers@trinseo.com Trinseo Reports Record Second Quarter 2021 Financial Results Second Quarter 2021 and Other Highlights Strong net income from continuing operations of $ 133 million and diluted EPS from continuing operations of $ 3.35 Adjusted EBITDA * of $ 239 million , including a $ 5 million favorable impact from net timing , and Adjusted EPS * of $ 3.70 Quarter - ending cash and cash equivalents of $ 367 million ; including a use of nearly $ 200 million cash for the Arkema PMMA acquisition Entered into a definitive agreement to sell our Synthetic Rubber business to Synthos S.A. for an aggregate purchase price of $ 449 million , which reflects a reduction of $ 42 million for the assumption of pension liabilities ; expected closing in the first half of 2022 following customary closing conditions and regulatory approvals News Release Completed the acquisition of Arkema's PMMA business on May 3 , marking a major step in Trinseo's transformation to becoming a specialty materials and sustainable solutions provider ; on track to achieve first year synergy target and overall synergy opportunity believed to be larger than originally expected $ millions , except per share data Net Sales Net Income from continuing operations EPS from continuing operations ( Diluted ) ( $ ) Adjusted Net Income * Adjusted EPS ( $ ) * EBITDA * Adjusted EBITDA * Announced agreement to acquire Aristech Surfaces LLC on July 19 , which will broaden Trinseo's product offerings in PMMA and aligns with the strategy of transforming to a specialty materials and sustainable solutions provider $ Three Months Ended June 30 , 2021 Exhibit 99.1 1,274 $ 133 3.35 147 3.70 216 239 2020 534 26 0.67 37 0.96 9 17 * For a reconciliation of EBITDA , Adjusted EBITDA , and Adjusted Net Income , all of which are non - GAAP measures , to Net Income , as well as a reconciliation of Free Cash Flow and Adjusted EPS , see Notes 2 and 3 to the financial statements included below . Adjusted EBITDA excludes discontinued operations contribution of $ 28 million and $ ( 25 ) million for the three months ended June 30 , 2021 and 2020 , respectively , and Adjusted Net Income ( Loss ) excludes discontinued operations contribution of $ 19 million and $ ( 150 ) million for the three months ended June 30 , 2021 and 2020 , respectively . - BERWYN , Pa— August 4 , 2021 - Trinseo ( NYSE : TSE ) , a global materials company and manufacturer of plastics and latex binders , today reported its second quarter 2021 financial results , which included its highest ever quarterly net income