Financial Data and Key Metrics Changes - The company did not provide specific financial data or key metrics for the first quarter of 2025, but indicated that there was significant volatility in order patterns and demand [8][29] - The management expressed concerns about the disconnect between orders and downstream demand, particularly in the automotive and aerospace sectors [8][23] Business Line Data and Key Metrics Changes - The MDI (Methylene Diphenyl Diisocyanate) market saw a significant drop in imports into the Americas, with a 60% decrease by the end of March 2025 compared to previous months [10] - The company noted that while MDI prices in China had stabilized and recovered by 10%, the overall market conditions remained uncertain [12][14] Market Data and Key Metrics Changes - The automotive industry experienced a low single-digit percentage drop in production, with some manufacturers slowing down production in Mexico [22] - The construction materials market also showed volatility, with a disconnect between the number of homes being built and sold [26] Company Strategy and Development Direction - The company is focused on capitalizing on short-term changes and volatility while aligning costs with long-term market realities [16] - Management emphasized the need for a clear and realistic industrial policy in Europe to encourage investment [15] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty about the macroeconomic environment and the petrochemical industry, indicating that many companies might need to adjust their outlooks [7][8] - The management believes that the current supply and demand issues are largely driven by uncertainty and expects these conditions to resolve in the coming months [9] Other Important Information - The company announced the closure of its Boisbury facility in Canada for spray foam, consolidating operations in Arlington, Texas [35] - The management reiterated their commitment to maintaining the dividend, citing a strong balance sheet and confidence in future cash generation [58][59] Q&A Session Summary Question: Can you speak to the bullwhip effect and inventory levels? - Management acknowledged the bullwhip effect and noted that inventory levels are generally leaner than in previous years, with pronounced volume reductions in automotive and aerospace sectors [20][24] Question: What is the outlook for the spray foam business? - The spray foam business has seen a slowdown in both new home construction and remodeling, impacting demand [34] Question: How are pricing and margins in the MDI market? - Management indicated that while they are pushing for price increases, the lack of demand has made it challenging to implement these increases effectively [37][38] Question: What is the impact of planned turnarounds on EBITDA? - Management estimated a $15 million hit to EBITDA in the first half of the year due to planned turnarounds, with $5 million in Q1 and $10 million expected in Q2 [62] Question: How does the company view its debt levels? - Management expressed that while current margins are not satisfactory, they believe the balance sheet remains strong and that improvements in EBITDA will help reduce leverage [104]

Financial Data and Key Metrics Changes - The company did not provide specific yearly guidance but focused on quarterly guidance due to macroeconomic uncertainties and supply chain issues [4][5] - There was a significant drop in imports of MDI into the Americas, with a 60% decrease by the end of March compared to January [8][9] - The company expects to see improvements in cash conversion cycles and inventory management throughout the year [39][102] Business Line Data and Key Metrics Changes - The Performance Products and Advanced Materials divisions are not expected to be materially impacted by tariffs, although the overall market remains uncertain [11][12] - The automotive and aerospace sectors are experiencing low single-digit production drops, with significant volatility in order patterns [20][22] - The spray foam business has seen a slowdown in both new home construction and remodeling due to higher interest rates [32][33] Market Data and Key Metrics Changes - The North American MDI market is experiencing a shift due to tariffs, with domestic production expected to benefit from reduced imports [9][10] - European markets are struggling with unclear industrial policies, impacting investment and operational decisions [13][91] - The overall construction market in North America is seeing a decline, particularly in residential construction, which is attributed to changing buying patterns [103] Company Strategy and Development Direction - The company is focused on capitalizing on short-term market changes while aligning costs with long-term market realities [14] - There is an ongoing assessment of the asset footprint to explore opportunities for growth and shareholder value creation [13][30] - The company is committed to maintaining its dividend despite current economic challenges, emphasizing a strong balance sheet and cash generation capabilities [57][58] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty about the macroeconomic environment and its impact on the petrochemical industry, indicating a potential recovery in the coming months [5][6] - There is a belief that the current supply and demand issues are largely temporary and will resolve as trade deals are finalized [7][10] - The company remains optimistic about future demand in sectors like aerospace and construction, despite current volatility [76][71] Other Important Information - The company is undergoing several planned turnarounds, which are expected to impact EBITDA in the short term [60][64] - There is a focus on managing working capital effectively, with expectations for improvements in cash flow management [39][102] Q&A Session Summary Question: Can you speak to the bullwhip effect and inventory levels? - Management acknowledged the bullwhip effect and noted that inventory levels are generally leaner than in previous years, with pronounced volume reductions in automotive and aerospace sectors [16][20] Question: How do you view growth potential in a protectionist environment? - Management believes that the majority of profits come from domestically produced products and does not foresee a need to change the asset footprint significantly [30][31] Question: What is the impact of recent disruptions on EBITDA? - Management indicated a $15 million hit to EBITDA in the first half, with specific impacts from planned turnarounds and unplanned outages [60][62] Question: How are MDI margins expected to change in Q2? - Management expects MDI margins to improve if pricing can be maintained or increased, despite current low demand [67][68] Question: What is the outlook for the dividend? - Management expressed confidence in maintaining the dividend, citing strong cash generation and a solid balance sheet [57][58] Question: How is the company managing its debt levels? - Management is focused on improving margins and believes the current debt levels are manageable, with a strong liquidity position [101][102]

Core Insights - Huntsman reported $1.41 billion in revenue for Q1 2025, a year-over-year decline of 4.1% and an EPS of -$0.11 compared to -$0.06 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $1.48 billion, resulting in a surprise of -4.68% [1] - The company has not delivered an EPS surprise, with the consensus EPS estimate being -$0.11 [1] Performance Metrics - Huntsman's shares have returned -14.2% over the past month, while the Zacks S&P 500 composite changed by -0.7% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance against the broader market [3] Segment Performance - Polyurethanes sales volume decreased by 3%, compared to an estimated 4.2% decline by analysts [4] - Local currency price for Polyurethanes fell by 3%, against an expected increase of 1.5% [4] - Total revenues for Polyurethanes were reported at $912 million, below the average estimate of $943.78 million, representing a year-over-year change of -1.5% [4] - Advanced Materials revenues were $249 million, compared to an estimated $264.13 million, reflecting a -4.6% change year-over-year [4] - Performance Products revenues were $257 million, below the average estimate of $282.54 million, indicating an -11.7% year-over-year change [4]

Core Viewpoint - Huntsman Corporation announces the retirement of Tony Hankins, Division President of Polyurethanes, effective at the end of 2025, with Steen Weien Hansen appointed as his successor starting June 1, 2025 [1][2]. Company Leadership Transition - Tony Hankins has had a long career at Huntsman and its predecessor, starting in 1980, and will continue to advise management until December 31, 2025 [2]. - Steen Weien Hansen has been with the company since its acquisition of the polyurethanes division in 1999 and has held various leadership roles, including Vice President of Asia Pacific operations [3]. Executive Comments - Peter R. Huntsman, President, CEO, and Chairman, praised Hankins for his distinguished service and influence on future managers, while also highlighting Hansen's strong leadership and strategic capabilities [4]. Company Overview - Huntsman Corporation is a global manufacturer of specialty chemicals with approximately $6 billion in revenues for 2024, operating over 60 facilities in about 25 countries and employing around 6,300 associates [5].

Core Viewpoint - Huntsman reported a quarterly loss of $0.11 per share, aligning with the Zacks Consensus Estimate, but this reflects a deterioration from a loss of $0.06 per share a year ago [1] - The company’s revenues for the quarter were $1.41 billion, missing the Zacks Consensus Estimate by 4.68% and down from $1.47 billion year-over-year [2] Financial Performance - Huntsman has surpassed consensus EPS estimates two times over the last four quarters, but has only topped consensus revenue estimates once [2] - The company experienced a significant surprise in the previous quarter, with an expected loss of $0.12 per share turning into an actual loss of $0.25, resulting in a surprise of -108.33% [1] Stock Performance - Huntsman shares have declined approximately 26.2% since the beginning of the year, contrasting with the S&P 500's decline of -5.3% [3] - The current Zacks Rank for Huntsman is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $1.62 billion, while the estimate for the current fiscal year is -$0.05 on revenues of $6.21 billion [7] - The trend for earnings estimate revisions for Huntsman is currently unfavorable, which may impact future stock movements [6] Industry Context - The Chemical - Diversified industry, to which Huntsman belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, emphasizing the importance of monitoring these changes [5]

Core Viewpoint - Huntsman Corporation has declared a cash dividend of $0.25 per share on its common stock, payable on June 30, 2025, to stockholders of record as of June 13, 2025 [1]. Company Overview - Huntsman Corporation is a global manufacturer and marketer of differentiated and specialty chemicals, with 2024 revenues of approximately $6 billion [2]. - The company offers thousands of chemical products sold worldwide, serving a diverse range of consumer and industrial end markets [2]. - Huntsman operates over 60 manufacturing, R&D, and operations facilities in around 25 countries and employs approximately 6,300 associates [2].

Financial Performance - Revenues for 1Q25 were $1410 million, compared to $1470 million in 1Q24[8] - Net loss attributable to Huntsman Corporation was $5 million in 1Q25, compared to a net loss of $37 million in 1Q24[8] - Adjusted net loss was $19 million in 1Q25, compared to $11 million in 1Q24[8] - Adjusted EBITDA was $72 million in 1Q25, compared to $81 million in 1Q24[8] - Free cash flow from continuing operations was negative $107 million in 1Q25, compared to negative $105 million in 1Q24[8] Segment Performance - **Polyurethanes:** Revenues were $912 million in 1Q25, a decrease from $926 million in 1Q24; Adjusted EBITDA margin increased to 4% from 5%[10, 12] - **Performance Products:** Revenues were $257 million in 1Q25, a decrease from $291 million in 1Q24; Adjusted EBITDA margin decreased to 12% from 14%[19, 21] - **Advanced Materials:** Revenues were $249 million in 1Q25, a decrease from $261 million in 1Q24; Adjusted EBITDA margin decreased to 14% from 16%[28, 30] Outlook - Second quarter 2025 adjusted EBITDA is estimated to be between $35 million and $50 million for Polyurethanes[17, 50] - Second quarter 2025 adjusted EBITDA is estimated to be between $30 million and $40 million for Performance Products[26, 50] - Second quarter 2025 adjusted EBITDA is estimated to be between $35 million and $40 million for Advanced Materials[35, 50]

Financial Performance - First quarter 2025 revenues were $1,410 million, a decrease of 4% compared to $1,470 million in the prior year period[5]. - Net loss attributable to Huntsman for Q1 2025 was $5 million, an improvement from a net loss of $37 million in Q1 2024[4]. - Adjusted EBITDA for Q1 2025 was $72 million, down 11% from $81 million in the same period last year[4]. - Net income for Q1 2025 was $11 million, compared to a net loss of $23 million in Q1 2024, representing a significant turnaround[23]. - Adjusted EBITDA for Q1 2025 was $72 million, down from $81 million in Q1 2024, indicating a decrease of approximately 11.1%[23]. Segment Performance - Polyurethanes segment revenues decreased by 2% to $912 million, while Performance Products and Advanced Materials segments saw declines of 12% and 5%, respectively[19]. - The adjusted EBITDA for the Polyurethanes segment increased by 8% to $42 million, while Performance Products and Advanced Materials segments decreased by 29% and 16%, respectively[19]. Cash Flow and Capital Expenditures - Free cash flow used in continuing operations was $107 million in Q1 2025, slightly higher than $105 million in Q1 2024[11]. - The company plans to spend between $180 million to $190 million on capital expenditures in 2025, down from $42 million in Q1 2024[12]. - Free cash flow from continuing operations was $(107) million in Q1 2025, slightly worse than $(105) million in Q1 2024[28]. - The company reported a net cash used in operating activities from continuing operations of $(71) million for Q1 2025, compared to $(63) million in Q1 2024[28]. Taxation - The effective tax rate for Q1 2025 was 56%, with the adjusted effective tax rate not being meaningful[13]. - The effective tax rate for Q1 2025 was 56%, consistent with the rate from Q1 2024[30]. - The adjusted effective tax rate for Q1 2025 was 57%, indicating a slight increase from the previous period[30]. - The adjusted effective tax rate is used for improved comparability between periods, excluding items not indicative of operational profitability[35]. Assets and Liabilities - Total assets increased to $7,232 million as of March 31, 2025, up from $7,114 million at the end of 2024, reflecting a growth of about 1.7%[25]. - Cash at the end of Q1 2025 was $334 million, a slight decrease from $340 million at the end of 2024[26]. - Total debt, excluding affiliates, rose to $1,954 million as of March 31, 2025, compared to $1,835 million at the end of 2024, marking an increase of approximately 6.5%[26]. - The company’s inventories increased to $1,030 million as of March 31, 2025, up from $917 million at the end of 2024, reflecting a rise of approximately 12.3%[25]. Strategic Focus - Huntsman is focusing on cost management, including workforce reductions and asset optimization in Europe and North America[6]. - Huntsman is reviewing strategic options for its European maleic anhydride business, with updates expected by summer 2025[6]. Company Overview - Huntsman Corporation projects approximately $6 billion in revenues for 2024 from continuing operations[36]. - The company operates over 60 manufacturing, R&D, and operations facilities across approximately 25 countries[36]. - Huntsman employs around 6,300 associates within its continuing operations[36]. Risks and Forward-Looking Statements - Significant risks include high energy costs in Europe, inflation, geopolitical instability, and volatile global economic conditions[37]. - Forward-looking statements include expectations regarding future revenue, capital expenditures, and strategic transactions[37]. - The company does not undertake an obligation to update or revise forward-looking statements after the date made[37].

Core Insights - Huntsman Corporation reported first quarter 2025 revenues of $1,410 million, a decrease of 4% compared to $1,470 million in the same period of 2024 [2][11] - The net loss attributable to Huntsman was $5 million, significantly improved from a net loss of $37 million in the prior year [11] - Adjusted EBITDA for the first quarter of 2025 was $72 million, down from $81 million in the same period of 2024, reflecting an 11% decline [11][17] Financial Performance - Revenues decreased across all segments: Polyurethanes by 2% to $912 million, Performance Products by 12% to $257 million, and Advanced Materials by 5% to $249 million [16][17] - Adjusted net loss for the first quarter was $19 million, compared to an adjusted net loss of $11 million in the prior year [11][17] - The diluted loss per share improved to $0.03 from $0.22 year-over-year [11] Segment Analysis - In the Polyurethanes segment, lower average selling prices were partially offset by higher sales volumes, leading to an increase in adjusted EBITDA by 8% [4] - The Performance Products segment saw a decrease in revenues primarily due to lower sales volumes and unplanned production outages, resulting in a 29% drop in adjusted EBITDA [5] - Advanced Materials experienced a decline in revenues due to lower average selling prices, with adjusted EBITDA decreasing by 16% [6] Liquidity and Capital Resources - Free cash flow used in continuing operations was $107 million, slightly higher than the $105 million used in the same period of 2024 [8][11] - As of March 31, 2025, Huntsman had approximately $1.3 billion in combined cash and unused borrowing capacity [8] Management Commentary - The CEO noted significant changes in short-term business conditions, with low visibility and customer uncertainty impacting demand trends in key markets [3] - The company is focusing on cost management, including workforce reductions and asset optimization, while prioritizing balance sheet protection and cash generation [3]

THE WOODLANDS, Texas, May 1, 2025 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN), a global manufacturer and marketer of differentiated and specialty chemicals, is pleased to announce that its Performance Products division has expanded its manufacturing site in Conroe, Texas to better serve the growing needs of its global customers in the semiconductor industry. Huntsman Corporation Announces New Purification and Packaging Capability through its E-GRADE® Unit in Conroe, Texas Peter Huntsman, Chairman, ...