Huntsman ( (HUN) ) has released its Q4 earnings. Here is a breakdown of the information Huntsman presented to its investors.
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Huntsman Corporation is a global manufacturer and marketer of differentiated and specialty chemicals, operating over 60 facilities worldwide, catering to diverse consumer and industrial markets.
In its fourth quarter of 2024, Huntsman reported a net loss of $141 million, a decline from the previous year’s loss of $71 million, while revenues saw a slight increase to $1,452 million. The company experienced a rise in adjusted EBITDA to $71 million, a 61% increase compared to the prior year’s quarter.
The Polyurethanes segment reported increased revenues due to higher sales volumes in the insulation and composite wood panels markets, while the Performance Products segment faced a decrease in revenues, largely impacted by extended Maleic Anhydride outages. Advanced Materials saw an increase in sales volumes but faced pressure from lower average selling prices.
Looking ahead, management remains cautious due to ongoing challenges in construction and automotive markets, particularly in China and Europe. Huntsman plans to continue aggressive cost management and is considering strategic options for some of its business units to enhance profitability and operational efficiency.
