Huntsman Corporation ( HUN ) shares are trading higher Tuesday after the company reported better-than-expected revenue for the fourth quarter of 2024.

What’s Going On: Huntsman posted a quarterly loss of 25 cents per share, which was significantly below analysts’ expectations of a 10-cent loss. This also marked a deeper decline compared to the 21 cents per share loss in the same quarter last year. However, the company reported $1.45 billion in revenue, surpassing the consensus estimate of $1.44 billion and reflecting a 3.49% year-over-year increase.

Despite a widening net loss of $141 million compared to $71 million in the prior year, Huntsman saw improvements in other financial metrics. Adjusted EBITDA increased to $71 million from $44 million a year ago, and free cash flow from continuing operations reached $108 million, up from $83 million.

“As we begin 2025, construction and automotive markets, which represents approximately two-thirds of our portfolio, remain subdued. China faces economic challenges, but we expect the automotive sector to still show modest growth and overall profitability in that region to be relatively stable,” commented Peter R. Huntsman, Chairman, President and CEO.

HUN Price Action: Huntsman shares were up 4.91% at $17.83 at the time of writing, according to Benzinga Pro.

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