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Jun 30, 2023
Huntsman Q2 2023 Earnings Report
Huntsman reported a decrease in revenue due to lower sales volumes and average selling prices across its segments. Net income and adjusted EBITDA also decreased due to reduced demand and less favorable market dynamics.
Key Takeaways
Huntsman Corporation reported second quarter 2023 results with revenues of $1,596 million, net income attributable to Huntsman of $19 million, adjusted net income attributable to Huntsman of $39 million and adjusted EBITDA of $156 million. Business activity in core regions remained under pressure, although demand fundamentals stabilized at a lower level than the prior year. The company continued to drive efficiencies in its cost structure.
Revenues for the second quarter of 2023 were $1,596 million.
Net income attributable to Huntsman was $19 million.
Adjusted net income attributable to Huntsman was $39 million.
Adjusted EBITDA was $156 million.
Forward Guidance
We expect our 2023 adjusted effective tax rate to be approximately 26% to 29%. We expect our long-term adjusted effective tax rate to be approximately 22% to 24%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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