earnings
confidence high
sentiment negative
materiality 0.75
Huntsman Q3 net income $115M, down 49% YoY; adjusted EPS $0.71 vs $1.02
Huntsman CORP
2022-Q3 EPS reported
$2.66
revenue$6,373,000,000
- Net income $115M ($0.50 diluted EPS); adjusted EPS $0.71, down from $1.02 YoY.
- Polyurethanes segment adjusted EBITDA fell 44% to $138M on lower volumes in Europe/construction.
- Repurchased 8.9M shares for $251M in Q3; YTD repurchases exceed $750M.
- Announced sale of Textile Effects division for $718M enterprise value; classified as discontinued operations.
- Expanded cost improvement target to $280M, includes $40M incremental restructuring in Europe.