Huntsman (HUN) reported $1.54 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.3%. EPS of $0.10 for the same period compares to $0.15 a year ago.The reported revenue represents a surprise of -0.69% over the Zacks Consensus Estimate of $1.55 billion. With the consensus EPS estimate being $0.09, the EPS surprise was +11.11%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Core Viewpoint - Huntsman reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, but down from $0.15 per share a year ago, indicating an earnings surprise of 11.11% [1][2] Financial Performance - The company posted revenues of $1.54 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.69%, compared to $1.51 billion in the same quarter last year [2] - Over the last four quarters, Huntsman has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - Huntsman shares have declined approximately 13.2% since the beginning of the year, while the S&P 500 has gained 20.1% [3] - The current Zacks Rank for Huntsman is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $1.51 billion, and $0.19 on revenues of $6.08 billion for the current fiscal year [7] - The trend for earnings estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Chemical - Diversified industry, to which Huntsman belongs, is currently in the bottom 20% of the Zacks Industry Rank, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could affect Huntsman's stock performance [5]

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 ...