Huntsman Announces First Quarter 2025 Earnings

Rhea-AI Summary

Huntsman Corporation (NYSE: HUN) reported Q1 2025 financial results with revenues of $1,410 million, down from $1,470 million in Q1 2024. The company posted a net loss of $5 million ($0.03 per share), improving from a $37 million loss ($0.22 per share) in the prior year period. Adjusted EBITDA decreased to $72 million from $81 million year-over-year. Free cash flow was negative at $107 million. The company faces challenging market conditions with low visibility and customer uncertainty affecting key markets including construction and transportation. Management is implementing cost reduction measures, including workforce reductions and asset optimization in Europe and North America. Huntsman maintains strong liquidity with approximately $1.3 billion in combined cash and unused borrowing capacity.

Positive

• Net loss improved to $5 million from $37 million in prior year period
• Operating income turned positive at $42 million compared to $38 million loss last year
• Polyurethanes segment saw 8% increase in adjusted EBITDA and 3% higher sales volumes
• Corporate costs decreased, improving segment adjusted EBITDA loss to $36 million from $43 million

Negative

• Revenue declined 4% to $1.41 billion from $1.47 billion year-over-year
• Adjusted EBITDA decreased 11% to $72 million from $81 million
• Performance Products segment saw 29% drop in adjusted EBITDA and 16% lower sales volumes
• Free cash flow remained negative at -$107 million
• Customer demand weakening across key markets including construction and transportation

Insights

Financial Analyst

Huntsman reported worsening Q1 adjusted losses amid revenue declines and weakening demand, despite taking aggressive cost-cutting measures.

Huntsman Corporation's Q1 2025 results present a concerning financial picture despite some superficial improvements. While the GAAP net loss narrowed to $5 million (from $37 million in Q1 2024), the adjusted metrics reveal deteriorating fundamentals. The adjusted net loss widened to $19 million (vs. $11 million in Q1 2024), and adjusted EBITDA declined 11% to $72 million. This divergence stems largely from a $33 million litigation-related income item that improved GAAP results.

The top-line contraction of 4% to $1,410 million reflects weakness across all segments. Free cash flow remains deeply negative at -$107 million, slightly worse than last year's -$105 million, highlighting persistent cash generation challenges. The company maintained $1.3 billion in combined cash and unused borrowing capacity, providing essential financial flexibility during this downturn.

Segment performance shows divergent trends: Polyurethanes demonstrated resilience with 8% EBITDA improvement despite revenue decline, while Performance Products and Advanced Materials experienced more significant EBITDA deterioration of 29% and 16% respectively. An unplanned production outage at the Moers, Germany facility particularly impacted Performance Products.

Management's commentary signals persistent market uncertainties with weak demand visibility across construction, transportation, and industrial markets. The cautious order patterns are muting typical seasonal improvements, prompting aggressive cost reductions including workforce cuts and asset optimization in Europe and North America. The strategic review of the European maleic anhydride business indicates potential portfolio restructuring as management adopts a defensive posture focused on balance sheet protection and cash generation in this challenging environment.

Chemical Industry Specialist

Widespread demand weakness across construction and industrial markets is forcing Huntsman to cut workforce and optimize assets amid declining volumes.

Huntsman's Q1 2025 results reflect significant headwinds plaguing the chemical industry, particularly in construction, transportation, and industrial markets. The 4% overall revenue decline reveals broad-based weakness affecting each business segment, though with varying severity.

In the Polyurethanes segment, which represents approximately 65% of total revenue, we see contradictory forces at play. The 3% volume growth indicates successful share capture despite market weakness, but this was offset by a 3% decline in local pricing and 2% currency headwinds. The segment's 8% EBITDA improvement to $42 million amid revenue decline reflects margin enhancement from lower raw material costs – a rare bright spot in an otherwise challenging landscape.

The Performance Products segment exhibits the most concerning trends with a 16% volume collapse driving a 12% revenue decline. The unplanned production outages at the Moers facility compound already weak demand fundamentals, resulting in a substantial 29% EBITDA deterioration. This significant underperformance raises questions about operational reliability and competitive positioning.

Advanced Materials faces pricing pressures with a 4% local currency price decline despite stable volumes, resulting in 5% lower revenue and 16% reduced EBITDA. This margin compression suggests intense competition in specialty applications.

The announced workforce reductions and asset optimization initiatives across Europe and North America represent necessary but difficult steps to align capacity with reduced demand. The strategic review of the European maleic anhydride business is particularly notable, as European chemical producers face structural competitiveness challenges from high energy costs and regulatory burdens. This targeted portfolio evaluation could lead to divestiture or significant restructuring to enhance overall company returns.

First Quarter Highlights

• First quarter 2025 net loss attributable to Huntsman of $5 million compared to net loss of $37 million in the prior year period; first quarter 2025 diluted loss per share of $0.03 compared to diluted loss per share $0.22 in the prior year period.
• First quarter 2025 adjusted net loss attributable to Huntsman of $19 million compared to adjusted net loss of $11 million in the prior year period; first quarter 2025 adjusted diluted loss per share of $0.11 compared to adjusted diluted loss per share of $0.06 in the prior year period.
• First quarter 2025 adjusted EBITDA of $72 million compared to $81 million in the prior year period.
• First quarter 2025 net cash used in operating activities from continuing operations was $71 million. Free cash flow from continuing operations was a use of cash of $107 million for the first quarter 2025 compared to a use of cash of $105 million in the prior year period.

		Three months ended
		March 31,
In millions, except per share amounts		2025		2024
Revenues		$     1,410		$     1,470
Net loss attributable to Huntsman Corporation		$           (5)		$         (37)
Adjusted net loss(1)		$         (19)		$         (11)
Diluted loss per share		$      (0.03)		$      (0.22)
Adjusted diluted loss per share(1)		$      (0.11)		$      (0.06)
Adjusted EBITDA(1)		$          72		$          81
Net cash used in operating activities from continuing operations		$         (71)		$        (63)
Free cash flow from continuing operations(2)		$       (107)		$      (105)
See end of press release for footnote explanations and reconciliations of non-GAAP measures.

THE WOODLANDS, Texas, May 1, 2025 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today reported first quarter 2025 results with revenues of $1,410 million, net loss attributable to Huntsman of $5 million, adjusted net loss attributable to Huntsman of $19 million and adjusted EBITDA of $72 million. 

Peter R. Huntsman, Chairman, President, and CEO, commented:

"Since our last earnings call, short term business conditions continue to change markedly. Low visibility and customer uncertainty regarding demand trends over the coming months are pressuring order patterns in many of our key markets, including construction, transportation, and other industrial related markets. The cautious customer order patterns are muting the seasonal volume improvement our markets typically experience during the second quarter. While we are hopeful that demand conditions improve, we are not waiting for that to happen and remain aggressive on costs which include announced workforce reductions as well as asset optimization in both Europe and North America. We are on-track to complete our review of strategic options for our European maleic anhydride business by this summer, which we will communicate once completed. Protecting the balance sheet remains a priority in addition to focusing on cash generation as we navigate the Company through the current environment."

Segment Analysis for 1Q25 Compared to 1Q24

Polyurethanes

The decrease in revenues in our Polyurethanes segment for the three months ended March 31, 2025 compared to the same period of 2024 was primarily due to lower average selling prices, partially offset by higher sales volumes. Average selling prices decreased primarily due to unfavorable sales mix. Sales volumes increased primarily due to improved demand and share gains in certain markets. The increase in segment adjusted EBITDA was primarily due to lower raw materials costs, lower fixed costs and higher sales volumes, partially offset by unfavorable sales mix, the negative impact of major foreign currency exchange rate movements against the U.S. dollar and lower equity earnings from our minority-owned joint venture in China.

Performance Products

The decrease in revenues in our Performance Products segment for the three months ended March 31, 2025 compared to the same period of 2024 was primarily due to lower sales volumes, partially offset by favorable sales mix. Sales volumes decreased primarily due to lower customer demand and unplanned production outages at our Moers, Germany facility. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes mainly in Europe, partially offset by favorable sales mix.

Advanced Materials

The decrease in revenues in our Advanced Materials segment for the three months ended March 31, 2025 compared to the same period of 2024 was primarily due to lower average selling prices. Average selling prices decreased primarily due to unfavorable sales mix and the negative impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes remained relatively stable. The decrease in segment adjusted EBITDA was primarily due to lower average selling prices.

Corporate, LIFO and other

For the three months ended March 31, 2025, adjusted EBITDA from Corporate and other was a loss of $36 million as compared to a loss of $43 million for the same period of 2024 due to a decrease in corporate overhead costs and an increase in unallocated foreign currency exchange gains, partially offset by an increase in LIFO valuation losses.

Liquidity and Capital Resources

During the three months ended March 31, 2025, our free cash flow used in continuing operations was a use of $107 million as compared to a use of $105 million in the same period of 2024. As of March 31, 2025, we had approximately $1.3 billion of combined cash and unused borrowing capacity.

During the three months ended March 31, 2025, we spent $36 million on capital expenditures from continuing operations as compared to $42 million in the same period of 2024. During 2025, we expect to spend between approximately $180 million to $190 million on capital expenditures.

Income Taxes

In the first quarter of 2025, our effective tax rate was 56% and our adjusted effective tax rate was not meaningful.

Earnings Conference Call Information

We will hold a conference call to discuss our first quarter 2025 financial results on Friday, May 2, 2025 at 10:00 a.m. ET.

Webcast link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=J4Z1igJk

Participant dial-in numbers:
Domestic callers:                    (877) 402-8037
International callers:                (201) 378-4913

The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman's investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman's website.

Upcoming Conferences
During the second quarter 2025, a member of management is expected to present at:
KeyBanc Industrials & Materials Conference, May 28, 2025
Deutsche Bank Global Industrials & Materials Conference, June 4, 2025
Wells Fargo Industrials & Materials Conference, June 10, 2025
Fermium Research Annual C-Suite Conference, June 24, 2025

A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.

 

Table 1 – Results of Operations
		Three months ended
		March 31,
In millions, except per share amounts		2025		2024
Revenues		$     1,410		$     1,470
Cost of goods sold		1,209		1,269
Gross profit		201		201
Operating expenses, net		196		209
Restructuring, impairment and plant closing costs		1		11
Gain on acquisition of assets, net		(5)		(52)
Prepaid asset write-off		-		71
Income associated with litigation matter, net		(33)		-
Operating income (loss)		42		(38)
Interest expense, net		(19)		(19)
Equity in income of investment in unconsolidated affiliates		1		19
Other income, net		3		2
Income (loss) from continuing operations before income taxes		27		(36)
Income tax (expense) benefit		(15)		20
Income (loss) from continuing operations		12		(16)
Loss from discontinued operations, net of tax		(1)		(7)
Net income (loss)		11		(23)
Net income attributable to noncontrolling interests		(16)		(14)
Net loss attributable to Huntsman Corporation		$          (5)		$        (37)
Adjusted EBITDA(1)		$          72		$          81
Adjusted net loss (1)		$         (19)		$         (11)
Basic loss per share		$      (0.03)		$      (0.22)
Diluted loss per share		$      (0.03)		$      (0.22)
Adjusted diluted loss per share(1)		$      (0.11)		$      (0.06)
Common share information:
Basic weighted average shares		172		172
Diluted weighted average shares		172		172
Diluted shares for adjusted diluted loss per share		172		172
See end of press release for footnote explanations.

 

Table 2 – Results of Operations by Segment
		Three months ended
		March 31,				(Worse) /
In millions		2025		2024		better
Segment revenues:
Polyurethanes		$        912		$        926		(2 %)
Performance Products		257		291		(12 %)
Advanced Materials		249		261		(5 %)
Total reportable segments' revenues		1,418		1,478		(4 %)
Intersegment eliminations		(8)		(8)		n/m
Total revenues		$     1,410		$     1,470		(4 %)
Segment adjusted EBITDA(1):
Polyurethanes		$          42		$          39		8 %
Performance Products		30		42		(29 %)
Advanced Materials		36		43		(16 %)
Total reportable segments' adjusted EBITDA(1)		108		124		(13 %)
Corporate, LIFO and other		(36)		(43)		16 %
Total adjusted EBITDA(1)		$          72		$          81		(11 %)
n/m = not meaningful
See end of press release for footnote explanations.

 

Table 3 – Factors Impacting Sales Revenue
		Three months ended
		March 31, 2025 vs. 2024
		Average selling price(a)
		Local		Exchange		Sales
		currency & mix		rate		volume(b)		Total
Polyurethanes		(3 %)		(2 %)		3 %		(2 %)
Performance Products		5 %		(1 %)		(16 %)		(12 %)
Advanced Materials		(4 %)		(2 %)		1 %		(5 %)
(a) Excludes sales from tolling arrangements, by-products and raw materials.
(b) Excludes sales from by-products and raw materials.

 

Table 4 – Reconciliation of U.S. GAAP to Non-GAAP Measures
						Income tax				Net income				Diluted loss
		EBITDA				and other expense				(loss)				per share
		Three months ended				Three months ended				Three months ended				Three months ended
		March 31,				March 31,				March 31,				March 31,
In millions, except per share amounts		2025		2024		2025		2024		2025		2024		2025		2024
Net income (loss)		$          11		$         (23)						$          11		$         (23)		$       0.06		$      (0.13)
Net income attributable to noncontrolling interests		(16)		(14)						(16)		(14)		(0.09)		(0.08)
Net loss attributable to Huntsman Corporation		(5)		(37)						(5)		(37)		(0.03)		(0.22)
Interest expense, net from continuing operations		19		19
Income tax expense (benefit) from continuing operations		15		(20)		$         (15)		$          20
Income tax benefit from discontinued operations		-		(1)
Depreciation and amortization from continuing operations		69		69
Business acquisition and integration (gain) expenses and purchase accounting inventory adjustments		(5)		20		-		(18)		(5)		2		(0.03)		0.01
EBITDA / Loss from discontinued operations		1		8		N/A		N/A		1		7		0.01		0.04
Establishment of significant deferred tax asset valuation allowance		-		-		9		-		9		-		0.05		-
Certain legal and other settlements and related (income) expenses		(33)		1		7		-		(26)		1		(0.15)		0.01
Amortization of pension and postretirement actuarial losses		7		8		(2)		(1)		5		7		0.03		0.04
Restructuring, impairment and plant closing and transition costs		4		14		(2)		(5)		2		9		0.01		0.05
Adjusted(1)		$          72		$          81		$           (3)		$           (4)		(19)		(11)		$      (0.11)		$      (0.06)
Adjusted income tax expense(1)										3		4
Net income attributable to noncontrolling interests										16		14
Adjusted pre-tax income (1)										$           -		$            7
Adjusted effective tax rate(3)										N/M		57 %
Effective tax rate										56 %		56 %
N/M = not meaningful
N/A = not applicable
See end of press release for footnote explanations.

 

Table 5 – Selected Balance Sheet Items
		March 31,		December 31,
In millions		2025		2024
Cash		$               334		$               340
Accounts and notes receivable, net		797		725
Inventories		1,030		917
Prepaid expenses		95		114
Other current assets		30		29
Property, plant and equipment, net		2,494		2,493
Other noncurrent assets		2,452		2,496
Total assets		$            7,232		$            7,114
Accounts payable		$               738		$               770
Other current liabilities		518		470
Current portion of debt		284		325
Long-term debt		1,670		1,510
Other noncurrent liabilities		851		876
Huntsman Corporation stockholders' equity		2,951		2,959
Noncontrolling interests in subsidiaries		220		204
Total liabilities and equity		$            7,232		$            7,114

 

Table 6 – Outstanding Debt
		March 31,		December 31,
In millions		2025		2024
Debt:
Revolving credit facility		$               273		$                  -
Senior notes		1,486		1,799
Accounts receivable programs		163		-
Variable interest entities		14		16
Other debt		18		20
Total debt - excluding affiliates		1,954		1,835
Total cash		334		340
Net debt - excluding affiliates(4)		$            1,620		$            1,495
See end of press release for footnote explanations.

 

Table 7 – Summarized Statement of Cash Flows
		Three months ended
		March 31,
In millions		2025		2024
Total cash at beginning of period		$            340		$            540
Net cash used in operating activities from continuing operations		(71)		(63)
Net cash used in operating activities from discontinued operations		(3)		(2)
Net cash provided by (used in) investing activities		6		(30)
Net cash provided by financing activities		60		108
Effect of exchange rate changes on cash		2		(1)
Total cash at end of period		$            334		$            552
Free cash flow from continuing operations(2):
Net cash used in operating activities from continuing operations		$             (71)		$             (63)
Capital expenditures		(36)		(42)
Free cash flow from continuing operations(2)		$           (107)		$           (105)
Supplemental cash flow information:
Cash paid for interest		$               (8)		$             (12)
Cash paid for income taxes		(12)		(15)
Cash paid for restructuring and integration		(3)		(17)
Cash paid for pensions		(8)		(10)
Depreciation and amortization from continuing operations		69		69
Change in primary working capital:
Accounts and notes receivable		$             (65)		$             (87)
Inventories		(101)		(38)
Accounts payable		(32)		30
Total change in primary working capital		$           (198)		$             (95)
See end of press release for footnote explanations.

 

Footnotes
(1)	We use adjusted EBITDA to measure the operating performance of our business and for planning and evaluating the performance of our business segments.  We provide adjusted net income (loss) because we feel it provides meaningful insight for the investment community into the performance of our business.  We believe that net income (loss) is the performance measure calculated and presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") that is most directly comparable to adjusted EBITDA and adjusted net income (loss).  Additional information with respect to our use of each of these financial measures follows:
	Adjusted EBITDA, adjusted net income (loss) and adjusted diluted income (loss) per share, as used herein, are not necessarily comparable to other similarly titled measures of other companies.
	Adjusted EBITDA is computed by eliminating the following from net income (loss):  (a) net income attributable to noncontrolling interests; (b) interest expense, net; (c) income taxes; (d) depreciation and amortization; (e) amortization of pension and postretirement actuarial losses; (f) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted EBITDA in Table 4 above.
	Adjusted net income (loss) and adjusted diluted income (loss) per share are computed by eliminating the after tax impact of the following items from net income (loss): (a) net income attributable to noncontrolling interests; (b) amortization of pension and postretirement actuarial losses; (c) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted net income (loss) in Table 4 above.  The income tax impacts, if any, of each adjusting item represent a ratable allocation of the total difference between the unadjusted tax expense and the total adjusted tax expense, computed without consideration of any adjusting items using a with and without approach.
	We may disclose forward-looking adjusted EBITDA because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, net, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted EBITDA represents the forecast net income on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our adjusted EBITDA to differ.
(2)	Management internally uses free cash flow measure: (a) to evaluate our liquidity, (b) evaluate strategic investments, (c) plan stock buyback and dividend levels and (d) evaluate our ability to incur and service debt. Free cash flow is defined as net cash provided by operating activities less capital expenditures. Free cash flow is not a defined term under U.S. GAAP, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures.
(3)	We believe the adjusted effective tax rate provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the businesses' operational profitability and that may obscure underlying business results and trends. In our view, effective tax rate is the performance measure calculated and presented in accordance with U.S. GAAP that is most directly comparable to adjusted effective tax rate. The reconciliation of historical adjusted effective tax rate and effective tax rate is set forth in Table 4 above. Please see the reconciliation of our net income to adjusted net income in Table 4 for details regarding the tax impacts of our non-GAAP adjustments.
	Our forward-looking adjusted effective tax rate is calculated based on our forecast effective tax rate, and the range of our forward-looking adjusted effective tax rate equals the range of our forecast effective tax rate. We disclose forward-looking adjusted effective tax rate because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted effective tax rate represents the forecast effective tax rate on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our effective tax rate to differ.
(4)	Net debt is a measure we use to monitor how much debt we have after taking into account our total cash. We use it as an indicator of our overall financial position, and calculate it by taking our total debt, including the current portion, and subtracting total cash.

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,300 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.  

Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman

Forward-Looking Statements: 
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

 

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SOURCE Huntsman Corporation

FAQ

What were Huntsman's (HUN) key financial results for Q1 2025?

Huntsman reported Q1 2025 revenues of $1.41 billion, net loss of $5 million ($0.03 per share), and adjusted EBITDA of $72 million. Free cash flow was negative at $107 million.

How did Huntsman's Q1 2025 results compare to Q1 2024?

Compared to Q1 2024, revenues decreased 4% from $1.47 billion, net loss improved from $37 million, and adjusted EBITDA declined 11% from $81 million.

What challenges is Huntsman (HUN) facing in 2025?

Huntsman is facing low visibility, customer uncertainty, and weakening demand in key markets including construction and transportation. The company is implementing cost reductions and workforce cuts in response.

What is Huntsman's (HUN) liquidity position as of Q1 2025?

Huntsman maintained strong liquidity with approximately $1.3 billion in combined cash and unused borrowing capacity as of March 31, 2025.

How did Huntsman's different segments perform in Q1 2025?

Polyurethanes saw 8% EBITDA growth and higher volumes, while Performance Products experienced a 29% EBITDA decline and 16% lower volumes. Advanced Materials EBITDA decreased 16%.