STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

Huntsman Announces Third Quarter 2025 Earnings

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags

Huntsman (NYSE: HUN) reported 3Q25 results on Nov 6, 2025: revenues $1,460M, net loss attributable $25M (diluted loss $0.14), adjusted net loss $5M (adjusted diluted loss $0.03) and adjusted EBITDA $94M. Free cash flow from continuing operations was $157M and net cash provided by operating activities was $200M. The Board reset the regular dividend to $0.0875 per share quarterly (annual $0.35), a 65% reduction. Management expects restructuring savings to likely exceed $100M and completion in 2026. Company cites volume gains in some regions, pressure on selling prices, and continued focus on cost control and cash generation.

Huntsman (NYSE: HUN) ha riportato i risultati del 3Q25 il 6 novembre 2025: ricavi $1,460M, perdita netta attribuibile $25M (perdita diluita $0,14), perdita netta rettificata $5M (perdita diluita rettificata $0,03) e EBITDA rettificato $94M. Il flusso di cassa libero dalle operazioni in corso è stato $157M e il flusso di cassa netto fornito dalle attività operative è stato $200M. Il Consiglio ha fissato nuovamente il dividendo regolare a $0,0875 per azione trimestrale (annuo $0,35), una riduzione del 65%. La direzione si aspetta che i risparmi per la ristrutturazione superino probabilmente $100M e che l’adempimento avvenga nel 2026. L’azienda cita aumenti di volume in alcune regioni, pressioni sui prezzi di vendita e un continuo focus sul controllo dei costi e sulla generazione di cassa.

Huntsman (NYSE: HUN) informó los resultados del 3Q25 el 6 de noviembre de 2025: ingresos $1,460M, pérdida neta atribuible $25M (pérdida diluida $0,14), pérdida neta ajustada $5M (pérdida diluida ajustada $0,03) y EBITDA ajustado $94M. El flujo de caja libre de las operaciones en curso fue $157M y el flujo de caja neto provisto por las actividades operativas fue $200M. La Junta redujo el dividendo regular a $0,0875 por acción trimestral (anual $0,35), una reducción del 65%. La dirección espera que los ahorros por reestructuración probablemente superen $100M y que la finalización ocurra en 2026. La empresa cita aumentos de volumen en algunas regiones, presión sobre los precios de venta y un enfoque continuo en el control de costos y la generación de efectivo.

Huntsman (NYSE: HUN)은 2025년 11월 6일 3Q25 실적을 발표했습니다: 매출 1460백만 달러, 당기순손실 2500만 달러 (희석손실 0.14달러), 조정순손실 500만 달러 (조정 희석손실 0.03달러) 및 조정 EBITDA 9400만 달러. 계속 사업의 자유현금흐름은 1억5700만 달러였고 영업활동으로부터의 순현금은 2억 달러였다. 이사회는 분기별 배당금을 주당 0.0875달러 (연간 0.35달러)로 재설정했고 이는 65% 감소입니다. 경영진은 구조조정으로 인한 절감이 1억 달러를 넘을 가능성이 있으며 2026년에 완료될 것으로 예상합니다. 회사는 일부 지역에서 물량 증가, 판매가 압박, 비용 통제 및 현금 창출에 지속적으로 집중하고 있다고 밝힙니다.

Huntsman (NYSE: HUN) a publié les résultats du T3 2025 le 6 novembre 2025 : chiffre d'affaires 1 460 M$, perte nette attribuable de 25 M$ (perte diluée 0,14$), perte nette ajustée de 5 M$ (perte diluée ajustée 0,03$) et EBITDA ajusté 94 M$. Le flux de trésorerie libre provenant des opérations en cours était de 157 M$ et le flux de trésorerie net issu des activités opérationnelles était de 200 M$. Le conseil d’administration a rétabli le dividende régulier à 0,0875$ par action trimestrielle (annuel 0,35$), soit une réduction de 65%. La direction s’attend à ce que les économies liées à la restructuration dépassent probablement 100 M$ et la finalisation soit en 2026. L’entreprise cite des gains de volume dans certaines régions, une pression sur les prix de vente et un focus continu sur le contrôle des coûts et la génération de cash.

Huntsman (NYSE: HUN) meldete die Ergebnisse des dritten Quartals 2025 am 6. November 2025: Umsatz 1.460 Mio. USD, relevanter Nettverlust 25 Mio. USD (verwässertes Minus 0,14 USD), bereinigter Nettverlust 5 Mio. USD (bereinigter verwässerter Verlust 0,03 USD) und bereinigtes EBITDA 94 Mio. USD. Der Free Cash Flow aus fortgeführten Geschäftsbereichen betrug 157 Mio. USD und der Nettomittelzufluss aus operativen Aktivitäten betrug 200 Mio. USD. Der Vorstand setzte die reguläre Dividende auf 0,0875 USD pro Aktie vierteljährlich (jährlich 0,35 USD), eine Reduktion um 65%. Das Management erwartet, dass Einsparungen durch Umstrukturierungen voraussichtlich > 100 Mio. USD überschreiten werden und die Fertigstellung im Jahr 2026 erfolgt. Das Unternehmen führt Volumenanstiege in einigen Regionen, Preisdruck und einen fortgesetzten Fokus auf Kostenkontrolle und Cash-Generierung an.

هانتسمن (بورصة نيويورك: HUN) أبلغت عن نتائج الربع الثالث 2025 في 6 نوفمبر 2025: الإيرادات 1,460 مليون دولار، خسارة صافية مُنتسبة 25 مليون دولار (خسارة مخففة 0.14 دولار)، خسارة صافية معدلة 5 ملايين دولار (خسارة مخففة معدلة 0.03 دولار) وEBITDA معدلة 94 مليون دولار. كان التدفق النقدي الحر من العمليات المستمرة $157M والقدرة النقدية الصافية من الأنشطة التشغيلية $200M. المجلس أقر/dividend توزيعه العادي إلى $0.0875 للسهم ربع سنوي (سنوي 0.35 دولار)، بانخفاض 65%. تتوقع الإدارة أن تتجاوز وفورات إعادة الهيكلة ربما $100M وأن الإتمام سيكون في عام 2026. الشركة تشير إلى زيادات في الحجم في بعض المناطق، وضغط على أسعار البيع، وتركيز مستمر على السيطرة على التكاليف وتوليد النقد.

Positive
  • Free cash flow improved to $157M in 3Q25
  • Operating cash from continuing ops $200M in 3Q25
  • Restructuring savings expected to exceed $100M (on track)
  • Sales volumes increased in Polyurethanes (Americas and Asia)
Negative
  • Adjusted EBITDA fell to $94M from $131M (3Q24), down 28%
  • Revenues declined 5% to $1,460M vs 3Q24
  • Regular dividend reset down 65% to $0.35 annually
  • Nine-month net loss widened to $188M vs $48M in 2024

Insights

Mixed quarter: stronger cash generation but weaker profitability and a material dividend reset signal constrained near‑term shareholder returns.

Huntsman reported a third quarter net loss of $25 million and adjusted EBITDA of $94 million, while operating cash from continuing operations was $200 million and free cash flow was $157 million. Revenues declined ~5% year‑over‑year to $1,460 million, and segment EBITDA fell across Polyurethanes and Performance Products; the Board reduced the regular dividend to $0.35 annually, a 65% cut.

The business mechanism is clear: cash conversion and working‑capital moves strengthened liquidity despite weaker margins and lower adjusted EBITDA. The company cites restructuring savings expected to exceed $100 million and completion in 2026, which supports near‑term cost relief. Key dependencies and risks remain: margin recovery depends on selling prices and inventory impacts (both cited), and the dividend reduction reflects constrained financial flexibility while profitability normalizes.

Watch quarterly adjusted EBITDA trends, cash flow versus capital spend guidance of $170–$180 million for 2025, and progress on the > $100 million restructuring through 2026; meaningful improvement in adjusted EBITDA or a reversal of pricing pressure would be the main signal to restore the dividend level. Short‑term horizon: next 2–4 quarters for cash/EBITDA trajectory; medium horizon: through 2026 for restructuring realization.

Third Quarter Highlights

  • Third quarter 2025 net loss attributable to Huntsman of $25 million compared to a net loss of $33 million in the prior year period; third quarter 2025 diluted loss per share of $0.14 compared to diluted loss per share $0.19 in the prior year period.
  • Third quarter 2025 adjusted net loss attributable to Huntsman of $5 million compared to adjusted net income of $17 million in the prior year period; third quarter 2025 adjusted diluted loss per share of $0.03 compared to adjusted diluted income per share of $0.10 in the prior year period.
  • Third quarter 2025 adjusted EBITDA of $94 million compared to $131 million in the prior year period.
  • Third quarter 2025 net cash provided by operating activities from continuing operations was $200 million. Free cash flow from continuing operations was $157 million for the third quarter 2025 compared to free cash flow of $93 million in the prior year period.
  • Regular quarterly dividend reset to $0.0875 per share, a decrease of 65% versus the prior dividend. This represents an annual dividend payout of $0.35 per share.


Three months ended


Nine months ended



September 30, 


September 30, 

In millions, except per share amounts


2025


2024


2025


2024










Revenues


$     1,460


$     1,540


$     4,328


$     4,584










Net loss attributable to Huntsman Corporation


$        (25)


$        (33)


$       (188)


$        (48)

Adjusted net (loss) income(1)


$          (5)


$          17


$        (58)


$          30










Diluted loss per share


$      (0.14)


$      (0.19)


$      (1.09)


$      (0.28)

Adjusted diluted (loss) income per share(1)


$      (0.03)


$       0.10


$      (0.34)


$       0.17










Adjusted EBITDA(1)


$          94


$        131


$        240


$        343










Net cash provided by operating activities from continuing operations


$        200


$        134


$        221


$        126

Free cash flow from continuing operations(2)


$        157


$          93


$        105


$          (7)










See end of press release for footnote explanations and reconciliations of non-GAAP measures.









 

THE WOODLANDS, Texas, Nov. 6, 2025 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today reported third quarter 2025 results with revenues of $1,460 million, net loss attributable to Huntsman of $25 million, adjusted net loss attributable to Huntsman of $5 million and adjusted EBITDA of $94 million

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

"As we expected, third quarter fundamentals remained consistent with the first half of the year. Volumes improved compared to the prior year while pricing in some parts of the portfolio remained under pressure. Cash generation and cost control remain top priorities for our Company. Our current restructuring programs, that will likely exceed $100 million in savings, remain on track and are expected to be completed in 2026. Additionally, our cash generation over the past year has been strong despite lower levels of profitability, reflecting quick actions taken on working capital and capital expenditure control in an ever-challenging environment. After thorough deliberation, and reflecting the global economic conditions of our industry, our Board decided to reset the regular dividend to 35 cents a share annually, a reduction of 65%. The adjusted dividend payout will allow us to preserve our financial flexibility as we continue to navigate this extended cyclical trough, while also allowing the Company to keep a balanced capital allocation program including a competitive regular dividend. We would anticipate returning to a higher dividend payout as soon as conditions warrant."

Segment Analysis for 3Q25 Compared to 3Q24

Polyurethanes

The decrease in revenues in our Polyurethanes segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to lower average selling prices, partially offset by higher sales volumes. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics. Sales volumes increased primarily in the Americas and Asia regions. The decrease in segment adjusted EBITDA was primarily due to the impacts of lower average selling prices, inventory reductions and lower equity earnings from our minority-owned joint venture in China, partially offset by higher sales volumes, lower raw material costs and cost savings achieved from our cost optimization program.

Performance Products

The decrease in revenues in our Performance Products segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to lower sales volumes and lower average selling prices. Sales volumes decreased primarily due to the closure of our Moers, Germany maleic anhydride facility and overall softening market conditions. Average selling prices decreased primarily due to competitive pressures. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes and margins.

Advanced Materials

The increase in revenues in our Advanced Materials segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to higher average selling prices. Average selling prices increased primarily due to the positive impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes were essentially unchanged from the same period in 2024. Segment adjusted EBITDA was slightly lower primarily due to an unfavorable impact from inventory reductions.

Liquidity and Capital Resources

During the three months ended September 30, 2025, our free cash flow from continuing operations was $157 million as compared to $93 million in the same period of 2024. As of September 30, 2025, we had approximately $1.4 billion of combined cash and unused borrowing capacity.

During the three months ended September 30, 2025, we spent $43 million on capital expenditures from continuing operations as compared to $41 million in the same period of 2024. During 2025, we expect to spend between approximately $170 million to $180 million on capital expenditures.

Income Taxes

In the third quarter of 2025, our effective tax rate was -43% and our adjusted effective tax rate was 40%.

Earnings Conference Call Information

We will hold a conference call to discuss our third quarter 2025 financial results on Friday, November 7, 2025, at 10:00 a.m. ET.

Webcast link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=FbX1HK73

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 fourth quarter 2025, a member of management is expected to present at:
Seaport's Chemical Cornucopia Conference, November 19, 2025
Citi's 2025 Basic Materials Conference, December 2, 2025
Bank of America High Yield Conference, December 3, 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


Nine months ended



September 30, 


September 30, 

In millions, except per share amounts


2025


2024


2025


2024










Revenues


$     1,460


$     1,540


$     4,328


$     4,584

Cost of goods sold


1,256


1,306


3,741


3,906

Gross profit


204


234


587


678

Operating expenses:









Selling, general and administrative


163


153


489


505

Research and development


29


27


94


91

Restructuring, impairment and plant closing costs


12


5


137


20

Gain on acquisition of assets, net


-


-


(5)


(51)

Prepaid asset write-off


-


-


-


71

Income associated with litigation matter, net


-


-


(33)


-

Other operating (income) expense, net


(6)


7


(23)


4

Total operating expenses


198


192


659


640

Operating income (loss)


6


42


(72)


38

Interest expense, net


(20)


(21)


(60)


(60)

Equity in income of investment in unconsolidated affiliates


1


5


-


42

Other income, net


6


8


13


22

(Loss) income from continuing operations before income taxes


(7)


34


(119)


42

Income tax expense


(3)


(39)


(25)


(32)

(Loss) income from continuing operations


(10)


(5)


(144)


10

Income from discontinued operations, net of tax


(1)


(12)


(1)


(12)

Net loss


(11)


(17)


(145)


(2)

Net income attributable to noncontrolling interests


(14)


(16)


(43)


(46)

Net loss attributable to Huntsman Corporation


$        (25)


$        (33)


$       (188)


$        (48)










Adjusted EBITDA (1)


$          94


$        131


$        240


$        343

Adjusted net (loss) income (1)


$          (5)


$          17


$        (58)


$          30










Basic loss per share


$      (0.14)


$      (0.19)


$      (1.09)


$      (0.28)

Diluted loss per share


$      (0.14)


$      (0.19)


$      (1.09)


$      (0.28)

Adjusted diluted (loss) income per share (1)


$      (0.03)


$       0.10


$      (0.34)


$       0.17










Common share information:









Basic weighted average shares


173


172


173


172

Diluted weighted average shares


173


172


173


172

Diluted shares for adjusted diluted (loss) income per share


173


173


173


173










See end of press release for footnote explanations.









 

Table 2 – Results of Operations by Segment




Three months ended




Nine months ended





September 30, 


(Worse) /


September 30, 


(Worse) /

In millions


2025


2024


better


2025


2024


better














Segment revenues:













Polyurethanes


$        956


$     1,003


(5 %)


$     2,800


$     2,930


(4 %)

Performance Products


246


280


(12 %)


773


870


(11 %)

Advanced Materials


265


261


2 %


778


801


(3 %)

Total reportable segments' revenues


1,467


1,544


(5 %)


4,351


4,601


(5 %)














Intersegment eliminations


(7)


(4)


n/m


(23)


(17)


n/m














Total revenues


$     1,460


$     1,540


(5 %)


$     4,328


$     4,584


(6 %)














Segment adjusted EBITDA (1) :













Polyurethanes


$          48


$          76


(37 %)


$        121


$        195


(38 %)

Performance Products


29


42


(31 %)


91


130


(30 %)

Advanced Materials


44


47


(6 %)


125


142


(12 %)

n/m = not meaningful













See end of press release for footnote explanations.













 

Table 3 – Factors Impacting Sales Revenue








Three months ended



September 30, 2025 vs. 2024



Average selling price (a)









Local


Exchange


Sales







currency & mix


rate


volume (b)


Total














Polyurethanes


(10 %)


1 %


4 %


(5 %)














Performance Products


(2 %)


0 %


(10 %)


(12 %)














Advanced Materials


(1 %)


2 %


1 %


2 %














Combined segments


(7 %)


1 %


1 %


(5 %)
















Nine months ended



September 30, 2025 vs. 2024



Average selling price (a)









Local


Exchange


Sales







currency & mix


rate


volume (b)


Total














Polyurethanes


(5 %)


0 %


1 %


(4 %)














Performance Products


1 %


0 %


(12 %)


(11 %)














Advanced Materials


(3 %)


0 %


0 %


(3 %)














Combined segments


(4 %)


0 %


(2 %)


(6 %)














(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 (loss) 


 Diluted (loss) income 



 EBITDA 


and other expense


 income 


 per share 



Three months ended


Three months ended


Three months ended


Three months ended



September 30, 


September 30, 


September 30, 


September 30, 

In millions, except per share amounts


2025


2024


2025


2024


2025


2024


2025


2024


















Net loss


$         (11)


$         (17)






$         (11)


$         (17)


$      (0.06)


$      (0.10)

Net income attributable to noncontrolling interests


(14)


(16)






(14)


(16)


(0.08)


(0.09)


















Net loss attributable to Huntsman Corporation


(25)


(33)






(25)


(33)


(0.14)


(0.19)

Interest expense, net from continuing operations


20


21













Income tax expense from continuing operations


3


39


$           (3)


$         (39)









Depreciation and amortization from continuing operations


73


70













Business acquisition and integration expenses and purchase accounting inventory adjustments


-


-


-


1


-


1


-


0.01

Income tax settlement related to U.S. Tax Reform Act


-


-


-


5


-


5


-


0.03

EBITDA / Loss from discontinued operations


1


12


 N/A 


 N/A 


1


12


0.01


0.07

Loss on sale of business/assets


2


1


-


3


2


4


0.01


0.02

Fair value adjustments to Venator investment, net and other tax matter adjustments


-


(5)


-


-


-


(5)


-


(0.03)

Certain legal and other settlements and related expenses, net


-


11


-


2


-


13


-


0.08

Amortization of pension and postretirement actuarial losses


8


9


(2)


2


6


11


0.03


0.06

Restructuring, impairment and plant closing and transition costs


12


6


(1)


3


11


9


0.06


0.05


















Adjusted (1)


$          94


$        131


$           (6)


$         (23)


(5)


17


$      (0.03)


$       0.10


















Adjusted income tax expense(1)










6


23





Net income attributable to noncontrolling interests










14


16






















Adjusted pre-tax income (1)










$          15


$          56






















Adjusted effective tax rate (3)










40 %


41 %






















Effective tax rate










(43 %)


115 %




























 Income tax 


 Net (loss) 


 Diluted (loss) income 



 EBITDA 


and other expense


 income 


 per share 



Nine months ended


Nine months ended


Nine months ended


Nine months ended



September 30, 


September 30, 


September 30, 


September 30, 

In millions, except per share amounts


2025


2024


2025


2024


2025


2024


2025


2024


















Net loss


$       (145)


$           (2)






$       (145)


$           (2)


$      (0.84)


$      (0.01)

Net income attributable to noncontrolling interests


(43)


(46)






(43)


(46)


(0.25)


(0.27)


















Net loss attributable to Huntsman Corporation


(188)


(48)






(188)


(48)


(1.09)


(0.28)

Interest expense, net from continuing operations


60


60













Income tax expense from continuing operations


25


32


$         (25)


$         (32)









Income tax expense (benefit) from discontinued operations(3)


1


(8)













Depreciation and amortization from continuing operations


214


214













Business acquisition and integration (gain) expenses and purchase accounting inventory adjustments


(5)


21


-


(16)


(5)


5


(0.03)


0.03

Income tax settlement related to U.S. Tax Reform Act


-


-


-


5


-


5


-


0.03

EBITDA / Loss from discontinued operations(3)


-


20


N/A


N/A


1


12


0.01


0.07

Establishment of significant deferred tax asset valuation allowances, net


-


-


1


-


1


-


0.01


-

Loss on sale of business/assets


2


1


-


3


2


4


0.01


0.02

Fair value adjustments to Venator investment, net and other tax matter adjustments


-


(12)


-


2


-


(10)


-


(0.06)

Certain legal and other settlements and related (income) expenses, net


(32)


13


7


1


(25)


14


(0.14)


0.08

Amortization of pension and postretirement actuarial losses


22


25


(4)


1


18


26


0.10


0.15

Restructuring, impairment and plant closing and transition costs


141


25


(3)


(3)


138


22


0.80


0.13


















Adjusted (1)


$        240


$        343


$         (24)


$         (39)


(58)


30


$      (0.34)


$       0.17


















Adjusted income tax expense(1)










24


39





Net income attributable to noncontrolling interests










43


46






















Adjusted pre-tax income (1)










$            9


$        115






















Adjusted effective tax rate (4)










267 %


34 %






















Effective tax rate










(21 %)


76 %






















N/M = not meaningful

















N/A = not applicable

















See end of press release for footnote explanations.

















 

Table 5 – Balance Sheets




September 30, 


December 31,

In millions


2025


2024






Cash


$               468


$               340

Accounts and notes receivable, net


768


725

Inventories


836


917

Prepaid expenses


57


114

Other current assets


53


29

Property, plant and equipment, net


2,475


2,493

Other noncurrent assets


2,425


2,496

Total assets


$            7,082


$            7,114






Accounts payable


$               688


$               770

Other current liabilities


535


470

Current portion of debt


378


325

Long-term debt


1,630


1,510

Other noncurrent liabilities


850


876

Huntsman Corporation stockholders' equity


2,766


2,959

Noncontrolling interests in subsidiaries


235


204

Total liabilities and equity


$            7,082


$            7,114

 

Table 6 – Outstanding Debt 




September 30, 


December 31,

In millions


2025


2024






Debt:





Revolving credit facility


$               366


$                  -

Senior notes


1,488


1,799

Accounts receivable programs


124


-

Variable interest entities


9


16

Other debt


21


20

Total debt - excluding affiliates


2,008


1,835






Total cash


468


340

Net debt - excluding affiliates (4)


$            1,540


$            1,495






See end of press release for footnote explanations.





 

Table 7 – Summarized Statements of Cash Flows




Three months ended


Nine months ended



September 30, 


September 30, 

In millions


2025


2024


2025


2024










Total cash at beginning of period


$            399


$            335


$            340


$            540










Net cash provided by operating activities from continuing operations


200


134


221


126

Net cash used in operating activities from discontinued operations


(4)


(5)


(8)


(16)

Net cash used in investing activities


(42)


(7)


(74)


(87)

Net cash used in financing activities


(83)


(129)


(14)


(231)

Effect of exchange rate changes on cash


(2)


2


3


(2)










Total cash at end of period


$            468


$            330


$            468


$            330










Free cash flow from continuing operations (2) :









Net cash provided by operating activities from continuing operations


$            200


$            134


$            221


$            126

Capital expenditures


(43)


(41)


(116)


(133)










Free cash flow from continuing operations (2)


$            157


$              93


$            105


$              (7)










Supplemental cash flow information:









Cash paid for interest


$              (5)


$             (14)


$             (49)


$             (55)

Cash paid for income taxes


(18)


(16)


(79)


(60)

Cash paid for restructuring and integration


(7)


(3)


(18)


(26)

Cash paid for pensions


(9)


(9)


(25)


(26)

Depreciation and amortization from continuing operations


73


70


214


214










Change in primary working capital:









Accounts and notes receivable


$              37


$              58


$             (26)


$             (72)

Inventories


55


(66)


114


(137)

Accounts payable


(9)


(1)


(103)


21

Total change in primary working capital


$              83


$              (9)


$             (15)


$           (188)










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)

We believe free cash flow is an important indicator of our liquidity as it measures the amount of cash we generate. Management internally uses free cash flow measure to: (a) 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 (used in) 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.



(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:

X : http://www.x.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.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/huntsman-announces-third-quarter-2025-earnings-302607844.html

SOURCE Huntsman Corporation

FAQ

What were Huntsman (HUN) 3Q25 revenues and adjusted EBITDA?

Huntsman reported $1,460M in revenues and $94M adjusted EBITDA for 3Q25.

How did Huntsman (HUN) free cash flow in 3Q25 compare to 3Q24?

Free cash flow from continuing operations was $157M in 3Q25 versus $93M in 3Q24.

What dividend change did Huntsman (HUN) announce on Nov 6, 2025?

The Board reset the regular dividend to $0.0875 per share quarterly, equivalent to $0.35 annually, a 65% reduction.

What is Huntsman (HUN)'s outlook on cost savings and timing?

Management expects restructuring programs to deliver likely > $100M in savings and to be completed in 2026.

Did Huntsman (HUN) report an improvement in net loss in 3Q25 versus 3Q24?

Yes; net loss attributable to Huntsman was $25M in 3Q25 compared with $33M in 3Q24.

When is Huntsman (HUN)'s earnings conference call for 3Q25?

The company scheduled a conference call on Nov 7, 2025 at 10:00 a.m. ET with a live webcast on its investor site.
Huntsman Corp

NYSE:HUN

HUN Rankings

HUN Latest News

HUN Latest SEC Filings

HUN Stock Data

1.29B
163.74M
5.59%
93.2%
7.91%
Chemicals
Chemicals & Allied Products
Link
United States
THE WOODLANDS