#USA #The Woodlands #earnings report #Olin Corporation #Huntsman Corporation

Huntsman Corporation Announces Third Quarter 2026 Earnings

Huntsman Corporation (NYSE: HUN) posted its financial results for the third quarter of 2026, revealing a noteworthy performance that shows a tilt towards recovery despite ongoing macroeconomic pressures in the global market.

Financial Overview

In the third quarter, Huntsman recorded revenues of $1,717 million, a marked improvement from the $1,460 million generated in the same quarter one year prior. The net loss attributable to Huntsman amounted to $18 million, compared to a net loss of $25 million in Q3 2025. These results translate to a diluted loss per share of $0.10, which is an improvement from the prior year's loss of $0.14 per share.

One of the significant highlights was the adjusted net income which stood at $7 million, contrasting with an adjusted net loss of $5 million for the same period the previous year. In terms of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), the company reported $132 million, a rise from $94 million one year ago.

Peter R. Huntsman, the Chairman, President, and CEO, noted that the improved figures were largely driven by increased sales volumes, better margins, and proactive cost-saving measures during a challenging economic environment. He stated, “Our Company continues to perform solidly despite significant macroeconomic and industry challenges. Year-over-year improvement was driven by higher volumes, stronger margins, and cost savings.”

Merger of Equals with Olin Corporation

A pivotal development during this quarter was the shareholder approval of Huntsman's merger with Olin Corporation, which took place on August 25, 2026. Once finalized, the merged entity will trade under the ticker symbol NYSE OHN. This merger is expected to enhance shareholder value and streamline operations across both corporations, heralding a new chapter for Huntsman as it aims for stronger synergy and operational efficiencies.

Segment Performance Analysis

Polyurethanes

The Polyurethanes segment reported increased revenue numbers, greatly influenced by heightened average selling prices and robust sales volumes across regions. Sales volumes particularly surged in the Americas and European markets, further supported by significant equity earnings from a joint venture in China.

Performance Products

Revenue growth in Performance Products was mainly attributed to rising average selling prices driven by increased raw materials and logistics costs. The sales volume in this segment saw little change, indicating stability despite fluctuating prices.

Advanced Materials

An impressive surge was observed in the Advanced Materials sector, characterized by higher sales volumes particularly in the aerospace and automotive markets. The segment benefitted from improved product pricing due to a favorable sales mix, resulting in overall revenue growth.

Liquidity and Capital Resources

Huntsman's operating activities provided $115 million in net cash during the quarter. Notably, the free cash flow was recorded at $82 million, a decrease from the $157 million from the same quarter last year. The capital expenditures totaled $33 million as of September 30, 2026, showing a reduction compared to $43 million in the previous year.

As of the end of the quarter, Huntsman had approximately $0.9 billion in cash and borrowing capacity, underlining its solid financial foundation as it navigates upcoming challenges and opportunities.

Looking Ahead

Looking forward, Huntsman expects to close the merger with Olin Corporation in the first quarter of 2027 following the successful completion of remaining regulatory approvals. The upcoming earnings conference call on November 3, 2026, will provide additional insights and detailed discussions on their financial performance and future strategies.

Overall, Huntsman's adaptive strategy in combating market challenges alongside a promising merger could position the company favorably in 2027 and beyond.

For further information, visit Huntsman's investor relations page at www.huntsman.com/investors.