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, ...

Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | | | State of | | | --- | --- | --- | --- | | Commission | Exact Name of Registrant as Specified in its Charter, | Incorporation | I.R.S ...

Financial Performance - Revenues from continuing operations for the six months ended June 30, 2021, were $3,861 million, a 36% increase from $2,840 million in 2020[163] - Revenues for Q2 2021 reached $2,024 million, a 62% increase compared to $1,247 million in Q2 2020[173] - Revenues for the six months ended June 30, 2021 increased by $1,021 million, or 36%, compared to the same period in 2020, attributed to higher sales volumes and average selling prices[198] - Total revenues for the six months ended June 30, 2021, were $3,861 million, a 36% increase from $2,840 million in the same period of 2020[199] Profitability - Gross profit for the three months ended June 30, 2021, was $431 million, a 166% increase compared to $162 million in the same period of 2020[172] - Gross profit for Q2 2021 was $431 million, reflecting a 166% increase from $162 million in Q2 2020[173] - Gross profit for the six months ended June 30, 2021 increased by $364 million, or 79%, compared to the 2020 period[198] - Adjusted EBITDA for Q2 2021 was $336 million, a 500% increase from $56 million in Q2 2020[174] - Total adjusted EBITDA for Huntsman Corporation was $623 million, a 184% increase from $219 million in the same period of 2020[199] Income and Expenses - Operating income for the six months ended June 30, 2021, was $335 million, compared to a loss of $15 million in the same period of 2020[172] - Operating income for Q2 2021 was $211 million, compared to a loss of $68 million in Q2 2020, indicating a significant turnaround[173] - Net income for Q2 2021 was $173 million, compared to a loss of $59 million in Q2 2020, marking a substantial improvement[173] - Net income for the six months ended June 30, 2021, was $272 million, a decrease from $649 million for the same period in 2020[175] - Adjusted net income for the six months ended June 30, 2021, was $338 million, compared to $35 million for the same period in 2020[175] Cash Flow and Investments - Net cash used in investing activities was $(369) million for the six months ended June 30, 2021, compared to $1,152 million in the same period of 2020[172] - Free cash flow from continuing operations for the six months ended June 30, 2021, was $(197) million, compared to $(71) million for the same period in 2020[175] - Net cash used in operating activities was $(23) million for the six months ended June 30, 2021, compared to $45 million in the same period of 2020[209] - Cash and cash equivalents decreased by 69% to $510 million as of June 30, 2021, from $1,593 million at the end of 2020[213] Capital Expenditures - Capital expenditures increased by 50% to $(174) million for the six months ended June 30, 2021[172] - Capital expenditures from continuing operations were $174 million, up 50% from $116 million in the same period last year[173] - Capital expenditures for 2021 are expected to be approximately $355 million to $360 million, including about $100 million for a new MDI splitter in Geismar, Louisiana[229] Debt and Financing - The company completed a $400 million offering of its 2031 Senior Notes and used the proceeds to redeem its 2022 Senior Notes[164] - The company recognized a loss on early extinguishment of debt amounting to $21 million for the six months ended June 30, 2021[175] - Loss on early extinguishment of debt for the three months ended June 30, 2021 was $27 million, compared to nil in the 2020 period, due to the full redemption of 2022 Senior Notes[46] Market Trends and Expectations - The company expects improving trends across all markets, including aerospace, compared to the prior year[171] - Management expects to achieve annualized cost savings and synergy benefits of more than $120 million by the end of 2023, with associated net cash restructuring costs of approximately $100 million[229] - The company is exposed to market risks including changes in interest rates, foreign exchange rates, and commodity prices, and engages in transactions to manage these exposures[230] Taxation - The adjusted effective tax rate for 2021 is expected to be approximately 22% to 24%[168] - The income tax expense for Q2 2021 was $41 million, compared to a benefit of $13 million in Q2 2020, indicating a shift in tax position[173] - Income tax expense for the three months ended June 30, 2021 increased to $42 million from an income tax benefit of $13 million in the 2020 period, primarily due to increased pretax income[46]