Core Viewpoint - Huntsman anticipates a gradual recovery in North American home building and durable goods, improvement in China's domestic markets, and early signs of improved volumes and pricing in Europe, although caution is advised regarding the sustainability of these trends [1][3]. Financial Performance - Huntsman achieved a free cash flow conversion of 45% of EBITDA in 2025 and expects to maintain this performance into 2026, with a targeted $100 million in annualized cost savings from workforce reductions and facility closures [2][6][7]. - The company reported an EBITDA range of $25 million to $40 million for Q1 2026 in the polyurethanes segment, with a $10 million headwind from natural gas costs [5][11]. Cost Management and Restructuring - Huntsman has implemented significant cost actions, including the closure of seven facilities and a reduction of approximately 500 jobs, which represents about 10% of its workforce [6][7][8]. - The company has achieved an annualized run rate of $100 million in cost savings by the end of 2025, with expectations for additional savings in 2027 [7]. Market Conditions - The company noted that U.S. housing and durable goods struggled to show growth in 2025, while Europe faced challenges due to high energy costs impacting competitiveness [3][4][15]. - Huntsman is seeing low inventories and anticipates potential shortages in 2026 due to lean supply chains and a focus on cash and working capital control [13]. Strategic Outlook - Huntsman is exploring selective mergers and acquisitions or joint ventures but will not stretch its balance sheet or issue equity [4][19]. - The company expects to grow in the aerospace sector, particularly in wide-body aircraft, and sees opportunities for growth in advanced materials, especially in the Americas [16][18]. Regional Insights - In Europe, Huntsman is observing price increases across producers and some recovery in construction and automotive sectors, but emphasizes the need for policy changes to address energy costs and competitiveness [15]. - The company noted that pricing for polyurethanes decreased across all regions in 2025, with Europe and the U.S. experiencing similar declines [12].

Core Insights - Huntsman Corporation reported a fourth-quarter 2025 loss of 56 cents per share, an improvement from a loss of 82 cents in the same quarter last year. Adjusted loss per share was 37 cents, wider than the previous year's loss of 25 cents and above the Zacks Consensus Estimate of 29 cents [1][9]. Revenue Performance - Revenues for the quarter were $1,355 million, down approximately 7% year over year, but exceeded the Zacks Consensus Estimate of $1,327.9 million. The company faced volume pressure and lower pricing in certain segments [2][9]. Segment Highlights - **Polyurethanes**: Revenues decreased by 8% year over year to $897 million, surpassing the estimate of $883 million. The decline was attributed to lower average selling prices, although higher sales volumes partially offset this [3]. - **Performance Products**: Revenues fell 6% to $224 million, below the estimate of $225.7 million, primarily due to lower sales prices, while sales volumes remained stable [4]. - **Advanced Materials**: Revenues decreased by 4% to $243 million, missing the estimate of $264.6 million. The decline was mainly due to lower sales volumes, particularly in infrastructure coatings and general industry segments, despite higher average selling prices [5]. Financial Overview - Free cash flow from continuing operations was $20 million, down from $108 million in the prior-year quarter. The company had approximately $1.3 billion in combined cash and unused borrowing capacity as of December 31, 2025. Capital expenditures from continuing operations were $57 million, compared to $51 million in the previous year [6]. Q1 2026 Outlook - For the first quarter of 2026, adjusted EBITDA is expected to be in the range of $25 million to $40 million for Polyurethanes, $20 million to $30 million for Performance Products, and $38 million to $42 million for Advanced Materials. The outlook reflects ongoing challenging market conditions, seasonal softness, and benefits from cost-saving measures [7]. Stock Performance - Huntsman shares have declined by 30.6% over the past year, compared to a 14.6% decline in the Zacks Chemicals Diversified industry [10].

4Q25 Earnings Summary February 17, 2026 1 4th Quarter 2025 Earnings Summary Conference Call Wednesday, February 18, 2026 10:00 a.m. ET Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=IMeg0PNW Participant dial-in numbers: Domestic callers: (877) 402-8037 International callers: (201) 378-4913 2 General Disclosure Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the ...

Core Insights - Huntsman Corporation reported a net loss of $96 million for Q4 2025, an improvement from a net loss of $141 million in Q4 2024, with revenues decreasing to $1,355 million from $1,452 million year-over-year [1][2][3] - Adjusted EBITDA for Q4 2025 was $35 million, down from $71 million in the same quarter of the previous year, indicating a challenging market environment [1][2] - The company generated $77 million in net cash from operating activities in Q4 2025, with free cash flow dropping to $20 million from $108 million in Q4 2024 [1][2] Financial Performance - Revenues for the full year 2025 were approximately $5.683 billion, down from $6.036 billion in 2024 [1][2] - The adjusted net loss for the full year 2025 was $121 million compared to an adjusted net loss of $13 million in 2024 [1][2] - The diluted loss per share for Q4 2025 was $0.56, compared to $0.82 in Q4 2024, while the adjusted diluted loss per share was $0.37, up from $0.25 [1][2] Segment Analysis - In the Polyurethanes segment, revenues decreased by 8% to $897 million in Q4 2025, primarily due to lower average selling prices, although sales volumes increased in the Americas and Asia [1][2] - The Performance Products segment saw a 6% revenue decline to $224 million, attributed to lower average selling prices amid competitive pressures [1][2] - Advanced Materials segment revenues fell by 4% to $243 million, driven by lower sales volumes despite higher average selling prices [1][2] Liquidity and Capital Resources - As of December 31, 2025, Huntsman had approximately $1.3 billion in combined cash and unused borrowing capacity [1][2] - Capital expenditures for Q4 2025 were $57 million, slightly higher than $51 million in Q4 2024, with expectations for similar levels in 2026 [1][2] Tax and Effective Rates - The effective tax rate for Q4 2025 was -1%, with an adjusted effective tax rate of -14% [1][2]

Core Insights - Huntsman Corporation (NYSE:HUN) experienced a significant share price increase of 24.4% week-on-week, driven by investor interest ahead of its earnings report for the full-year and fourth quarter of 2025 [1]. Financial Performance - Huntsman Corporation plans to release its financial and operational highlights on February 18 during market hours, followed by an earnings call to discuss the results [2]. - For the fourth quarter, Huntsman is targeting the low end of its adjusted EBITDA outlook, estimating between $25 million to $50 million, impacted by an unplanned outage at its Polyurethanes facility in Rotterdam, which affected one of its MDI lines [4]. - The company anticipates a $10 million negative impact on its fourth quarter adjusted EBITDA due to the outage [5]. Market Position - Huntsman Corporation is recognized as a global producer of differentiated and specialty chemicals, including polyurethanes, performance products, and adhesives, serving notable clients such as BMW, GE, Chevron, Procter & Gamble, Unilever, and Walkaroo [5]. - Investment firms RBC and UBS have set higher price targets for Huntsman at $13 and $12, respectively, while maintaining "sector perform" and "neutral" ratings for the stock [6].

Company Overview - Huntsman Corporation is a diversified chemical manufacturer specializing in organic compounds, particularly polyurethanes and amines, serving a wide range of end markets and reducing reliance on any single sector [2] - The company has a historically stable and higher margin profile compared to peers, driven by the amines segment, which generates approximately 20% EBITDA, while basic polyurethanes generate around 10% EBITDA [2] Current Market Conditions - Huntsman is currently navigating a cyclical downturn with depressed chemical prices, but volumes have been rising steadily over the last two to three quarters, indicating underlying demand resilience [2] - Competitive pressures from lower-cost producers in China and India could challenge pricing and market share [3] Capital Allocation and Shareholder Returns - The company has been disciplined in returning capital to shareholders, reducing shares outstanding from 243 million in 2015 to 172 million today through consistent stock buybacks [3] - Huntsman's shareholder-friendly capital allocation provides a solid foundation despite facing cyclical and structural challenges [3] Future Outlook - The combination of improving volumes, stable specialty margins, and potential tailwinds from onshoring makes Huntsman a company worth monitoring for investors seeking exposure to specialty and basic chemicals [4] - Huntsman represents a measured investment case, balancing near-term cyclical headwinds with longer-term structural opportunities and strong financial discipline [4]

Core Viewpoint - Huntsman Corporation is facing an unplanned outage at its Polyurethanes facility in Rotterdam, which is expected to negatively impact its fourth quarter 2025 adjusted EBITDA by approximately $10 million, leading to expectations of adjusted EBITDA at the low end of the previously communicated range of $25 million to $50 million [1]. Company Overview - Huntsman Corporation is a global manufacturer and marketer of differentiated and specialty chemicals, with revenues of approximately $6 billion in 2024 [2]. - The company operates over 60 manufacturing, R&D, and operations facilities across approximately 25 countries and employs around 6,300 associates [2].

Core Insights - Huntsman Corporation reported a narrower loss of 14 cents per share in Q3 2025, compared to a loss of 19 cents per share in the same quarter last year, and adjusted loss per share was 3 cents, better than the expected loss of 13 cents [1][9] Revenue Performance - Revenues for Huntsman Corporation were $1,460 million, reflecting a 5% year-over-year decline, but exceeded the Zacks Consensus Estimate of $1,443.4 million [2][9] - The Polyurethanes segment saw revenues decrease by 5% to $956 million, missing the estimate of $971 million due to lower average selling prices despite higher sales volumes [3] - Performance Products revenues fell 12% to $246 million, below the estimate of $256 million, primarily due to lower sales volumes and prices [4] - Advanced Materials revenues increased by 2% to $265 million, surpassing the estimate of $261 million, driven by higher average selling prices [4] Financial Highlights - Free cash flow from continuing operations was $157 million, up from $93 million in the prior-year quarter [5] - The company had approximately $1.4 billion in combined cash and unused borrowing capacity as of September 30, 2025 [5] - Net cash provided by operating activities from continuing operations was $200 million in the reported quarter [5] Strategic Outlook - Huntsman Corporation emphasized cost management and cash generation as top priorities, with restructuring programs expected to yield over $100 million in savings [6] - The company reduced its annual dividend to 35 cents per share, a 65% decrease, to maintain financial flexibility amid challenging economic conditions [7] Stock Performance - Huntsman shares have declined by 58.5% over the past year, compared to a 37% decline in the Zacks Chemicals Diversified industry [8]

Financial Performance - Q3 2025 - Revenues decreased to $1460 million from $1540 million in 3Q24[8], a decrease of approximately 5%[16] - Net loss attributable to Huntsman Corporation was $25 million, compared to a net loss of $33 million in 3Q24[8] - Adjusted net loss was $5 million, compared to an adjusted net income of $17 million in 3Q24[8] - Adjusted EBITDA decreased to $94 million from $131 million in 3Q24[8] - Free cash flow from continuing operations increased to $157 million from $93 million in 3Q24[8] Segment Performance - Q3 2025 - **Polyurethanes:** Revenues decreased to $956 million from $1003 million in 3Q24[11], and adjusted EBITDA margin was 5% compared to 8% in 3Q24[13] - **Performance Products:** Revenues decreased to $246 million from $280 million in 3Q24[20], a 12% decrease[25], and adjusted EBITDA margin was 12% compared to 15% in 3Q24[22] - **Advanced Materials:** Revenues increased slightly to $265 million from $261 million in 3Q24[28], a 2% increase[33], and adjusted EBITDA margin was 17% compared to 18% in 3Q24[30] Cash Flow and Liquidity - Cash flow from operations increased to $200 million in 3Q25 from $134 million in 3Q24[43] - Liquidity at the close of the quarter was $1372 million[43] - Net debt was $1540 million[43] Cost Realignment Plans - Targeted run rate benefits of approximately $100 million by the end of 2026[45] - Expected restructuring cash costs of approximately $80 million[45] - Total headcount reduction of approximately 500[45] Q4 2025 Outlook - Total adjusted EBITDA is expected to be between approximately $25 million and $50 million[52]

Core Insights - Huntsman Corporation reported third quarter 2025 results with revenues of $1,460 million, a decrease of 5% compared to $1,540 million in the same period of 2024 [2][10] - The net loss attributable to Huntsman was $25 million, an improvement from a net loss of $33 million in the prior year [2][10] - Adjusted EBITDA for the third quarter was $94 million, down from $131 million year-over-year [2][10] Financial Performance - Revenues for the nine months ended September 30, 2025, were $4,328 million, compared to $4,584 million in 2024, reflecting a 6% decline [13] - The diluted loss per share for Q3 2025 was $0.14, compared to a diluted loss per share of $0.19 in Q3 2024 [10] - Free cash flow from continuing operations increased to $157 million in Q3 2025 from $93 million in Q3 2024 [6][10] Segment Analysis - **Polyurethanes**: Revenues decreased by 5% to $956 million due to lower average selling prices, despite higher sales volumes [3][14] - **Performance Products**: Revenues fell by 12% to $246 million, primarily due to lower sales volumes and average selling prices [4][14] - **Advanced Materials**: Revenues increased by 2% to $265 million, driven by higher average selling prices [5][14] Cost Management and Restructuring - The company is on track with restructuring programs expected to yield over $100 million in savings by 2026 [2] - Operating expenses for Q3 2025 were $198 million, slightly higher than $192 million in Q3 2024 [13] Dividend and Capital Allocation - The Board of Huntsman Corporation decided to reset the regular dividend to $0.35 annually, a reduction of 65% from previous levels, to maintain financial flexibility [2][10] - The company anticipates returning to a higher dividend payout when conditions improve [2] Liquidity and Capital Resources - As of September 30, 2025, Huntsman had approximately $1.4 billion in combined cash and unused borrowing capacity [6] - Capital expenditures for Q3 2025 were $43 million, slightly up from $41 million in the same period of 2024 [7]