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Sep 30, 2020
Huntsman Q3 2020 Earnings Report
Huntsman's Q3 2020 earnings reflected a solid recovery trend in core markets.
Key Takeaways
Huntsman Corporation reported Q3 2020 revenues of $1,510 million, net income of $57 million, adjusted net income of $70 million and adjusted EBITDA of $188 million, showing improvement across most businesses except for commercial aircraft.
Third quarter conditions improved in almost all businesses except commercial aircraft.
The company is on track to integrate downstream acquisitions and deliver over $100 million in annualized synergies and savings by the end of 2021.
Huntsman is on track to close the sale of Venator shares near the end of 2020, boosting liquidity with approximately $250 million.
The company expects positive momentum entering the fourth quarter.
Forward Guidance
The global community continues to face significant challenges around COVID-19, we see positive momentum entering the fourth quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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