Huntsman Corporation (HUN) saw its stock price surge 5.53% during Friday's trading session, building on the momentum from its better-than-expected third-quarter earnings report released the previous day. The specialty chemicals maker demonstrated resilience in a challenging economic environment, surpassing analyst estimates in key financial metrics.
The company reported Q3 adjusted EBITDA of $94 million, significantly outperforming the consensus estimate of $70.86 million. Additionally, Huntsman's adjusted net loss of $5 million for the quarter was considerably narrower than the expected loss of $21.9 million projected by analysts. While revenue met expectations at $1.46 billion, investors appeared to focus more on the company's profitability and cost management efforts.
Further boosting investor confidence, Huntsman's Board of Directors declared a quarterly cash dividend of $0.0875 per share, payable on December 31, 2025. This announcement, coupled with the company's better-than-anticipated earnings results, likely contributed to the stock's strong performance. The market's positive reaction suggests growing optimism about Huntsman's operational efficiency and financial stability in the face of ongoing market challenges.