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Jun 30, 2020
Huntsman Q2 2020 Earnings Report
Huntsman reported a net loss of $59 million and adjusted EBITDA of $54 million amidst an unprecedented global economic crisis.
Key Takeaways
Huntsman Corporation reported second quarter 2020 results with revenues of $1,247 million, a net loss of $59 million, an adjusted net loss of $30 million, and an adjusted EBITDA of $54 million. The company is targeting total annualized cost savings and synergies of $100+ million by the end of 2021.
Huntsman was well-prepared entering the second quarter during the global economic crisis.
The company had no need to access capital markets, completed the quarter with $2.6 billion in liquidity, and generated positive free cash flow.
Huntsman accelerated and improved integration plans for recent acquisitions, targeting $35 million in synergies by the end of 2021.
The company sees improving trends within most major markets and is optimistic that the worst of the economic slowdown is behind them.
Forward Guidance
While the ongoing related global effects of COVID-19 remain uncertain and visibility continues to be poor, we see improving trends within most of our major markets and are optimistic that the worst of this economic slowdown is behind us.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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