Overview
Huntsman Q3 revenue meets analyst expectations at $1.46 bln
Adjusted EBITDA for Q3 beats estimates at $94 mln
Company reports adjusted net loss of $5 mln
Huntsman reduces quarterly dividend by 65% to preserve financial flexibility
Outlook
Huntsman expects restructuring savings to exceed $100 mln by 2026
Huntsman focuses on cash generation and cost control amid market challenges
Result Drivers
POLYURETHANES - Revenue decline driven by lower average selling prices, partially offset by higher sales volumes
PERFORMANCE PRODUCTS - Revenue decrease due to lower sales volumes and competitive pricing pressures
ADVANCED MATERIALS - Revenue increase driven by favorable currency exchange rates
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Meet | $1.46 bln | $1.46 bln (13 Analysts) |
Q3 Adjusted Net Income | Beat | -$5 mln | |
Q3 Net Income | -$25 mln | ||
Q3 Adjusted EBITDA | Beat | $94 mln | $70.86 mln (14 Analysts) |
Q3 Gross Profit | $204 mln | ||
Q3 Operating Income | $6 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the diversified chemicals peer group is "buy."
Wall Street's median 12-month price target for Huntsman Corp is $9.00, about 14.6% above its November 5 closing price of $7.69
Press Release: ID:nPn1rvFDya
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)