Core Insights - Huntsman Corporation reported a net loss of $33 million for Q3 2024, compared to a net income of $0 million in the same period last year [1][3] - Adjusted net income for Q3 2024 was $17 million, down from $27 million in Q3 2023, with adjusted diluted income per share decreasing to $0.10 from $0.15 [1][2] - The company achieved revenues of $1,540 million in Q3 2024, a slight increase from $1,506 million in Q3 2023 [2][3] Financial Performance - Q3 2024 adjusted EBITDA was $131 million, down from $136 million in the prior year [1][2] - Free cash flow from continuing operations was $93 million, compared to $117 million in Q3 2023 [1][6] - Net cash provided by operating activities from continuing operations was $134 million, down from $167 million in the same period last year [2][6] Segment Analysis - Polyurethanes segment revenues increased to $1,003 million in Q3 2024 from $967 million in Q3 2023, driven by higher sales volumes despite lower MDI average selling prices [4][11] - Performance Products segment revenues rose to $280 million, up from $277 million, attributed to improved demand in fuels and lubes [4][11] - Advanced Materials segment revenues decreased to $261 million from $268 million, primarily due to lower average selling prices [4][11] Market Outlook - The company anticipates continued trough conditions in construction and industrial markets through Q4 2024, with a potential recovery supported by interest rate cuts and government stimulus in China [3][4] - Management is focused on improving cost positions and balance sheet strength to maintain investment flexibility in core businesses [3][4] Liquidity and Capital Resources - As of September 30, 2024, Huntsman had approximately $1.7 billion in combined cash and unused borrowing capacity [6] - Capital expenditures for Q3 2024 were $41 million, down from $50 million in the same period last year [6][15] Taxation - The effective tax rate for Q3 2024 was 115%, with an adjusted effective tax rate of 41% [7][15] - The company expects its 2024 adjusted effective tax rate to be between 30% to 34% [7][15]

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 ...

Huntsman Corporation (HUN) logged a second-quarter 2024 net income of $22 million or 13 cents per share, up from a net income of $19 million or 11 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share came in at 14 cents in the reported quarter. The figure was higher than the Zacks Consensus Estimate of 12 cents. Revenues amounted to $1,574 million, down around 1% year over year. The top line missed the Zacks Consensus Estimate of $1,619.9 million. Segment Highlights Polyurethan ...

Financial Performance - Second quarter 2024 net income attributable to Huntsman was $22 million, an increase from $19 million in the prior year period, with diluted income per share rising to $0.13 from $0.11[2][4] - Adjusted net income for the second quarter 2024 was $24 million, down from $39 million in the prior year, with adjusted diluted income per share decreasing to $0.14 from $0.22[2][4] - Second quarter 2024 adjusted EBITDA was $131 million, compared to $156 million in the same period last year, reflecting a decrease of 16%[2][4] - Revenues for the second quarter 2024 were $1,574 million, slightly down from $1,596 million in the prior year, marking a 1.4% decline[3][4] - Total revenues for the three months ended June 30, 2024, were $1,574 million, a decrease of 1% compared to $1,596 million for the same period in 2023[14] - Adjusted EBITDA for the three months ended June 30, 2024, was $131 million, down 16% from $156 million in the same period last year[14] - The company reported a net income of $38 million for the three months ended June 30, 2024, compared to $31 million in the same period last year[18] - The company experienced a 4% decrease in total revenues for the six months ended June 30, 2024, compared to the same period in 2023[14] Segment Performance - The Polyurethanes segment saw a decrease in revenues primarily due to lower MDI average selling prices, despite higher sales volumes[5] - The Performance Products segment experienced a revenue decline due to lower average selling prices, although sales volumes increased due to improved industrial activity[6] - Polyurethanes segment revenues decreased by 1% to $1,001 million for the three months ended June 30, 2024, compared to $1,012 million in 2023[14] - Performance Products segment revenues fell by 3% to $299 million for the three months ended June 30, 2024, down from $307 million in the prior year[14] - Advanced Materials segment revenues decreased by 2% to $279 million for the three months ended June 30, 2024, compared to $284 million in 2023[14] - Total adjusted EBITDA for the six months ended June 30, 2024, was $212 million, a decline of 27% from $292 million in the same period of 2023[14] Cash Flow and Capital Expenditures - Free cash flow from continuing operations was $5 million for the second quarter 2024, a significant improvement from a cash use of $11 million in the prior year[3][10] - Free cash flow from continuing operations was $5 million for the three months ended June 2024, compared to a negative $11 million for the same period in 2023[25] - Net cash provided by operating activities from continuing operations was $55 million for the three months ended June 2024, up from $40 million in the prior year[25] - The company expects to spend between $180 million to $200 million on capital expenditures in 2024, with $50 million spent in the second quarter 2024[10] Tax and Effective Rates - The effective tax rate for the second quarter 2024 was 30%, with an expected adjusted effective tax rate for 2024 of approximately 30% to 34%[11] - The adjusted effective tax rate for the three months ended June 30, 2024, was 23%, down from 39% in the same period of 2023[19] - Adjusted pre-tax income was reported at $59.145 million with an effective tax rate of 27%[20] Assets and Liabilities - Total assets increased to $7.317 billion as of June 30, 2024, compared to $7.248 billion at December 31, 2023[22] - Cash decreased from $540 million at December 31, 2023, to $335 million by June 30, 2024[22] - Total debt, excluding affiliates, rose to $1.920 billion from $1.688 billion[23] - The company reported a net debt of $1.585 billion, an increase from $1.148 billion[23] Company Overview and Risks - Huntsman Corporation's revenues for 2023 were approximately $6 billion from continuing operations[35] - The company operates over 60 manufacturing and R&D facilities across approximately 25 countries[35] - Huntsman Corporation employs around 6,000 associates within its continuing operations[35] - Significant risks include high energy costs in Europe, inflation, geopolitical instability, and volatile global economic conditions[37] - The company emphasizes that forward-looking statements are based on current expectations and various assumptions, which may involve risks and uncertainties[37] - The company does not undertake any obligation to update or revise forward-looking statements after the date made[37] - The company highlights potential disruptions in production and the impact of restructuring on operations and cost savings[37] - Forward-looking statements should be considered in light of the risks outlined in the Annual Report on Form 10-K for the year ended December 31, 2023[37]