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Sep 30, 2024
Huntsman Q3 2024 Earnings Report
Huntsman reported stable environment at trough conditions in core construction and industrial markets with improved total volumes and stable margins sequentially.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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