Huntsman Q2 net income drops to $19M; revenues fall 26% to $1.6B

Huntsman CORP

2023-Q2 EPS reported $0.94 revenue$3,202,000,000

Net income $19M ($0.11 diluted EPS) vs $228M ($1.10) in Q2 2022; adjusted EPS $0.22 vs $1.21.
Adjusted EBITDA $156M, down 62% from $410M; revenues $1,596M, down 26% YoY.
Polyurethanes segment EBITDA $88M (-62%); Performance Products $55M (-64%); Advanced Materials $51M (-24%).
Free cash flow from continuing operations use of $11M vs source of $178M prior year.
Repurchased 3.8M shares for $98M in Q2; capex guided $230-250M for 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Huntsman CORP reported the three months ended June 30, 2023 results: revenue $1,596 million, net income $19 million, EPS $0.11.

Period: the three months ended June 30, 2023
Revenue: $1,596 million
Net income: $19 million
EPS: $0.11
Result: reported results

Exact text from the filing

Huntsman Corporation (NYSE: HUN) today 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.

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Source: SEC EDGAR

accession 0001104659-23-085851

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