Overview
* Huntsman Q3 revenue meets analyst expectations at $1.46 bln
* Adjusted EBITDA for Q3 beats estimates at $94 mln
* Company reports adjusted net loss of $5 mln
* Huntsman reduces quarterly dividend by 65% to preserve financial flexibility
Outlook
* Huntsman expects restructuring savings to exceed $100 mln by 2026
* Huntsman focuses on cash generation and cost control amid market challenges
Result Drivers
* POLYURETHANES - Revenue decline driven by lower average selling prices, partially offset by higher sales volumes
* PERFORMANCE PRODUCTS - Revenue decrease due to lower sales volumes and competitive pricing pressures
* ADVANCED MATERIALS - Revenue increase driven by favorable currency exchange rates
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Meet $1.46 $1.46
Revenue bln bln (13
Analysts
)
Q3 Beat -$5 mln
Adjusted
Net
Income
Q3 Net -$25 mln
Income
Q3 Beat $94 mln $70.86
Adjusted mln (14
EBITDA Analysts
)
Q3 Gross $204 mln
Profit
Q3 $6 mln
Operatin
g Income
Analyst Coverage
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and 4 "sell" or "strong sell"
* The average consensus recommendation for the diversified chemicals peer group is "buy."
* Wall Street's median 12-month price target for Huntsman Corp ( HUN ) is $9.00, about 14.6% above its November 5 closing price of $7.69
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)