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Huntsman Corporation Reports Third Quarter 2025 Financial Results

Huntsman Corporation, a global manufacturer and marketer of differentiated chemicals, has recently announced its financial outcomes for the third quarter of 2025. The results reflect a challenging market environment while showcasing some improvements in operational metrics in comparison to the previous year.

Revenue and Earnings Overview

In the third quarter of 2025, Huntsman reported revenues amounting to $1.46 billion, which marks a decline from $1.54 billion recorded in the same quarter of 2024. The company recorded a net loss of $25 million, an improvement compared to a net loss of $33 million in the prior year. This translates into a diluted loss per share of $0.14, an improvement from a diluted loss of $0.19 per share last year.

Adjusted Financial Metrics

Further analysis reveals that the adjusted net loss attributable to Huntsman during this period was $5 million, demonstrating a sharp decline from an adjusted net income of $17 million in 2024. Additionally, the adjusted EBITDA stood at $94 million, down from $131 million in the same period last year.

Cash Flow and Dividend Adjustments

Despite the dip in overall profit, Huntsman generated significant cash flow, with $200 million provided by operating activities from continuing operations. Free cash flow from these operations was reported at $157 million, an increase compared to $93 million in the year-ago quarter. However, the company decided to adjust its regular quarterly dividend down to $0.0875 per share, a substantial decrease of 65% compared to previous dividends, now establishing an annual payout of $0.35 per share.

Segment Performance Analysis

The company's performance across its various business segments varied significantly. In the Polyurethanes segment, a reduction in revenues was noted largely due to lower average selling prices, despite increased sales volume, particularly in the Americas and Asia. The decline in selling prices was primarily attributed to weaker supply-demand dynamics.

Conversely, in the Advanced Materials segment, revenues saw a small increase due to higher average prices driven by favorable foreign exchange movements, although sales volume remained unchanged. Adjusted EBITDA for this division was slightly down due to inventory reductions.

On the other hand, revenues in the Performance Products segment decreased significantly during the reported quarter, affected mainly by lower sales volumes due to the closure of a facility in Germany and overall market softness.

Management Commentary

Peter R. Huntsman, Chairman, President, and CEO of the company, expressed that the overall business fundamentals remained intact, with volumes experiencing recovery compared to the previous year. He remarked that despite low profitability levels, effective cash generation and cost control remain high priorities for Huntsman. The ongoing restructuring initiatives, aimed at achieving over $100 million in savings, are expected to reach completion by 2026. Peter highlighted the board's decision to reset dividends was made after careful consideration of the economic conditions affecting the chemical industry, but he anticipates a return to higher dividend payouts when the market permits.

During a conference call scheduled for November 7, Huntsman's management will delve into further details surrounding these results and discuss the company's strategic direction moving into the fourth quarter of 2025. Investors and analysts alike look forward to gaining insights into Huntsman’s efforts in navigating this extensive cyclical downturn while maintaining a focus on both cost efficiency and revenue generation.

Conclusion

While Huntsman Corporation faced several headwinds in the latest quarter, its leadership's proactive measures and adjustments signify a commitment to steering the company towards stability and growth amidst challenging market dynamics. Stakeholders eagerly await the company’s forthcoming strategies and updates as they prepare for the final quarter of 2025 and beyond.