earnings
confidence high
sentiment negative
materiality 0.80
Huntsman Q3 net income $0M; adjusted EPS $0.15 vs $0.71 YoY; revenue falls 25%
Huntsman CORP
2023-Q3 EPS reported
$0.95
revenue$4,708,000,000
- Net income $0M (diluted EPS $0.00) vs $100M ($0.50) in Q3 2022; adjusted diluted EPS $0.15 vs $0.71.
- Revenue $1,506M, down 25% YoY; adjusted EBITDA $136M, down 50% from $271M.
- Polyurethanes segment EBITDA $81M (-41% YoY); Performance Products $47M (-57%); Advanced Materials $49M.
- Repurchased ~3.8M shares for $101M in Q3; free cash flow from ops $117M vs $228M YoY.
- CEO warns Q4 2023 likely 'most challenging in recent memory' due to weak demand and pricing pressure.