Financial Performance - Third quarter 2024 revenues were $1,540 million, a 2.3% increase from $1,506 million in the prior year period[5] - The net loss attributable to Huntsman for the third quarter 2024 was $33 million, compared to a net income of $0 million in the prior year period[1] - Adjusted net income for the third quarter 2024 was $17 million, down from $27 million in the prior year period, representing a 37% decrease[2] - Adjusted EBITDA for the third quarter 2024 was $131 million, a slight decrease from $136 million in the prior year period[2] - Total revenues for the three months ended September 30, 2024, increased by 2% to $1,540 million compared to $1,506 million in the same period of 2023[17] - For the nine months ended September 30, 2024, total revenues decreased by 3% to $4,584 million compared to $4,708 million in the same period of 2023[17] - Net income attributable to Huntsman Corporation for the nine months ended September 30, 2024, was $(48) million, compared to $172 million for the same period in 2023, reflecting a significant decline[22] - The company reported a total adjusted EBITDA of $343 million for the nine months ended September 30, 2024, down 20% from $428 million in the prior year[21] Cash Flow and Debt - Free cash flow from continuing operations was $93 million for the third quarter 2024, down from $117 million in the prior year period, a decrease of 20.5%[12] - Cash at the end of the period was $330 million, down from $540 million at the beginning of the period[25] - Long-term debt decreased to $1,513 million as of September 30, 2024, from $1,676 million at December 31, 2023[23] - Net cash provided by operating activities from continuing operations for the three months ended September 30, 2024, was $134 million, compared to $167 million for the same period in 2023[25] - The company uses free cash flow to evaluate liquidity, strategic investments, stock buyback, and dividend levels, defined as net cash from operating activities minus capital expenditures[31] Taxation - The effective tax rate for the third quarter 2024 was 115%, with an expected adjusted effective tax rate for 2024 between 30% to 34%[14] - The adjusted income tax expense for the nine months ended September 30, 2024, was $23 million, compared to $25 million in the same period of 2023[21] - The effective tax rate for the three months ended September 30, 2024, was 115%, compared to 64% in the same period of 2023[21] - The adjusted effective tax rate for the nine months ended September 30, 2024, was 34%, compared to 33% for the same period in 2023[22] - Huntsman believes the adjusted effective tax rate provides better comparability between periods by excluding certain non-operational items[33] - The forward-looking adjusted effective tax rate is based on the forecast effective tax rate, reflecting uncertainties in future events[34] Segment Performance - Polyurethanes segment revenues rose by 4% to $1,003 million, while Performance Products and Advanced Materials segments saw slight increases of 1% and a decrease of 3%, respectively[17] - Total adjusted EBITDA for the three months ended September 30, 2024, decreased by 4% to $131 million from $136 million in the prior year[21] - The Polyurethanes segment's adjusted EBITDA fell by 6% to $76 million, and Performance Products experienced an 11% decline to $42 million[17] - The average selling price in the Polyurethanes segment decreased by 1% for the three months ended September 30, 2024, while sales volume increased by 5%[18] Corporate Actions and Outlook - The company successfully placed $350 million of senior notes due 2034 with a 5.7% coupon rate, aimed at general corporate purposes including debt repayment[3] - The company anticipates that interest rate cuts by the Federal Reserve and ECB, along with government stimulus in China, will positively impact its global portfolio, particularly in construction[6] - Huntsman disclosed forward-looking adjusted EBITDA, indicating that certain items affecting future performance cannot be adequately forecasted[30] - Huntsman emphasizes the importance of considering risks such as high energy costs, inflation, and geopolitical instability in its forward-looking statements[38] Other Information - Total assets increased to $7,334 million as of September 30, 2024, up from $7,248 million at December 31, 2023[23] - Total liabilities and equity remained stable at $7,334 million as of September 30, 2024, consistent with total assets[23] - The company reported a loss of $(5) million from discontinued operations for the three months ended September 30, 2024[25] - Huntsman Corporation reported approximately $6 billion in revenues from continuing operations for 2023[36] - The company completed the divestiture of its Textile Effects business during Q1 2023, which is classified as discontinued operations[32] - Huntsman employs approximately 6,000 associates across more than 60 manufacturing, R&D, and operations facilities in around 25 countries[36] - Huntsman reported approximately $10 million in legal and other settlements related to a commercial dispute for the three and nine months ended September 30, 2024[35] - Net debt is monitored by the company as an indicator of overall financial position, calculated by subtracting total cash from total debt[35]

Third Quarter Highlights Third quarter 2024 net loss attributable to Huntsman of $33 million compared to net income of $0 million in the prior year period; third quarter 2024 diluted loss per share of $0.19 compared to diluted income per share $0.00 in the prior year period. Third quarter 2024 adjusted net income attributable to Huntsman of $17 million compared to adjusted net income of $27 million in the prior year period; third quarter 2024 adjusted diluted income per share of $0.10 compared to adjusted d ...

Huntsman (HUN) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers are better than e ...

Group 1 - Huntsman Corporation will hold a conference call on November 5, 2024, at 10:00 a.m. ET to discuss its third quarter 2024 financial results [1] - The earnings press release, including financial statements and segment information, will be distributed after the market closes on November 4, 2024 [2] - The company reported approximately $6 billion in revenues for 2023 and operates over 60 manufacturing, R&D, and operations facilities in around 25 countries [3]

Huntsman Corporation (HUN) is expected to gain from its investment in downstream businesses, differentiated product innovation, strategic acquisitions and cost actions amid headwinds from soft demand in certain markets and pricing pressure. HUN's shares have lost 5.6% year to date compared with a 0.8% rise of its industry. Zacks Investment Research Image Source: Zacks Investment Research Let's find out why HUN stock is worth retaining at the moment. Downstream Expansion & Cost Synergies Aid HUN Stock Huntsm ...

THE WOODLANDS, Texas, Sept. 24, 2024 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced that its wholly-owned subsidiary, Huntsman International LLC, has priced its offering of $350 million in aggregate principal amount of Senior Notes due 2034. The notes will be offered to the public at a price of 99.640% of their principal amount and will bear interest at a rate of 5.700% per annum. Huntsman expects the offering to close on September 26, 2024, subject to customary closing conditions. Huntsma ...

It has been about a month since the last earnings report for Huntsman (HUN) . Shares have added about 3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Huntsman due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Huntsman's Q2 Earnings Beat Estimates, Revenues Mis ...

Huntsman Corporation (HUN) benefits from actions to grow its downstream businesses, differentiated product innovation, strategic acquisitions and cost actions amid headwinds from demand softness and pricing pressure. HUN's shares have lost 21.6% over a year compared with a 6% decline of its industry. Zacks Investment Research Image Source: Zacks Investment Research Downstream Expansion & Cost Synergies Aid HUN Huntsman, a Zacks Rank #3 (Hold) stock, remains focused on growing its downstream specialty and fo ...

Huntsman Corporation (HUN) is expected to benefit from its investment in downstream businesses, differentiated product innovation, strategic acquisitions and cost actions amid headwinds from soft demand in certain markets and pricing pressure. HUN's shares have lost 23% over the past year compared with a 6.5% decline of its industry. Image Source: Zacks Investment Research Let's find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. HUN Gains on Downstream Expansion & Cost Synergies ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | --- | --- | --- | |----------------------------|---------------------------------------------------------------------- ...