Huntsman Q3 2024 Earnings Report
Key Takeaways
Huntsman Corporation reported third quarter 2024 results with revenues of $1,540 million, a net loss attributable to Huntsman of $33 million, adjusted net income attributable to Huntsman of $17 million and adjusted EBITDA of $131 million.
Total volumes improved 5% versus the prior year with stable margins sequentially.
Construction and transportation account for approximately three quarters of volumes.
Near term trough conditions are expected to persist through a seasonally lower fourth quarter.
The company is focused on improving cost position and balance sheet strength.
Huntsman
Huntsman
Forward Guidance
The company expects near term trough conditions to persist through a seasonally lower fourth quarter. For the medium to long-term, interest rate cuts by the Federal Reserve and ECB, combined with government stimulus in China, should have a positive impact across our global portfolio, primarily in construction.