ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (HUN) News /news/media-releases/rss The latest news released by ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (HUN) en-us Equisolve Investor Relations Suite ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ to Discuss First Quarter 2025 Results on May 2, 2025 /news/media-releases/detail/598/huntsman-to-discuss-first-quarter-2025-results-on-may-2 Mon, 07 Apr 2025 16:05:00 -0400 /news/media-releases/detail/598/huntsman-to-discuss-first-quarter-2025-results-on-may-2

THE WOODLANDS, Texas, April 7, 2025 /PRNewswire/ -- ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (NYSE: HUN) will hold a conference call on Friday, May 2, 2025, at 10:00 a.m. ET to discuss its first quarter 2025 financial results. Following some opening remarks, the call will move into a question and answer session.

The earnings press release, including financial statements and segment information, will be distributed after the market closes on Thursday, May 1, 2025. The earnings slide presentation and prepared remarks will be available at after the market closes on Thursday, May 1, 2025.

Webcast link:

Participant dial-in numbers:ÌýÌý
Domestic callers:Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý(877) 402-8037
International callers:ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (201) 378-4913

The conference call will be accessible via the webcast link and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s investor relations website, .Ìý Upon conclusion of the call, the webcast replay will be accessible via ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s website.

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues ofÌýapproximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range ofÌýconsumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employÌýapproximately 6,300 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website atÌýwww.huntsman.com.Ìý

Social Media:
Twitter:
Facebook:
LinkedIn:

Forward-Looking Statements:Ìý
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

Ìý

View original content to download multimedia:

SOURCE ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Polyurethanes Secures ISCC+ Certification for TPU Production Sites /news/media-releases/detail/597/huntsman-polyurethanes-secures-iscc-certification-for-tpu Mon, 03 Mar 2025 08:00:00 -0500 /news/media-releases/detail/597/huntsman-polyurethanes-secures-iscc-certification-for-tpu The Woodlands, Texas â€� ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ today announced that its Thermoplastic Polyurethane (TPU) manufacturing sites in Jinshan, China, and Osnabrück, Germany, have successfully secured ISCC+ Certification â€� the globally recognized standard for sustainability and traceability in supply chains.Ìý

This achievement enables ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ to offer mass balance certified products from its world-class TPU product lines â€� supporting its customersâ€� sustainability ambitions.

ISCC+ is a globally recognised, voluntary standard. Designed for companies involved in the production of recycled and/or bio-based products, ISCC+ ensures full traceability at all points of a product’s production. The mass balance attribution approach is one type of methodology used by ISCC+. This chain-of-custody model makes it possible to track the amount and sustainability characteristics of recycled and/or bio-based material in the value chain and attribute it to specific products, based on verifiable bookkeeping.

Michael Quinn, Vice President, Global Elastomers at ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Polyurethanes, said: “We are extremely proud that our Jinshan and Osnabrück sites have joined ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾â€™s Rotterdam, The Netherlands and Wilton, UK sites in earning ISCC+ Certification. This milestone demonstrates our commitment to supporting the transition to circular economy principles. Securing ISCC+ Certification requires meticulous scrutiny of supply chain practices, sustainability measures, and compliance with rigorous environmental, social, and traceability standards. Congratulations to our associates who have worked tirelessly to achieve this accreditation.â€�

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾â€™s TPU products are widely used across a range of market segments. Suitable for extrusion and injection molding, they form the basis for core applications in the global footwear, textiles, and automotive industries. They are employed in specialized industrial applications to create components such as wire and cable, wheels, belting, hoses, and films. Additionally, they are also used as adhesive raw materials.Ìý

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Polyurethanes sites in Rotterdam and Wilton have been ISCC+ Certified since 2023.Ìý

(ends)

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues ofÌýapproximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range ofÌýconsumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employÌýapproximately 6,300 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website at .

Social Media:

Twitter:
Facebook
:
LinkedIn
: Ìý

# # #

Forward-LookingÌýStatements:ÌýCertain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾â€™s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

While all the information and recommendations in this publication are to the best of our knowledge, information and belief accurate at the date of publication, NOTHING HEREIN IS TO BE CONSTRUED AS A WARRANTY, EXPRESS OR OTHERWISE. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Polyurethanes warrants only that its products meet the specifications agreed with the buyer in the sales contract.Ìý Typical properties, where stated, are to be considered as Representative of current production and should not be treated as specifications. IN ALL CASES, IT IS THE RESPONSIBILITY OF THE USER TO DETERMINE THE APPLICABILITY OF SUCH INFORMATION AND RECOMMENDATIONS AND THE SUITABILITY OF ANY PRODUCT FOR ITS OWN PARTICULAR PURPOSE. The sale of products referred to in this publication is subject to the general terms and conditions of sale of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC or of its affiliated companies.

©Ìý2025. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or an affiliate thereof. All rights reserved.Ìý

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Announces First Quarter 2025 Common Dividend and 2025 Annual Meeting of Stockholders /news/media-releases/detail/596/huntsman-announces-first-quarter-2025-common-dividend-and Tue, 18 Feb 2025 16:00:00 -0500 /news/media-releases/detail/596/huntsman-announces-first-quarter-2025-common-dividend-and

THE WOODLANDS, Texas, Feb. 18, 2025 /PRNewswire/ -- ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (NYSE: HUN) announced today that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on March 31, 2025, to stockholders of record as of March 14, 2025.

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation also announced it will hold its 2025 Annual Meeting of Stockholders in virtual meeting format only at 8:00 a.m. Central Time on Wednesday, April 30, 2025. Holders of record as of the close of business on March 7, 2025 will be entitled to vote at the meeting.

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues ofÌýapproximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range ofÌýconsumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employÌýapproximately 6,300 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website atÌý.

Social Media:
Twitter:
Facebook:
LinkedIn:

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

Ìý

View original content to download multimedia:

SOURCE ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Announces Fourth Quarter 2024 Earnings /news/media-releases/detail/595/huntsman-announces-fourth-quarter-2024-earnings Mon, 17 Feb 2025 16:34:00 -0500 /news/media-releases/detail/595/huntsman-announces-fourth-quarter-2024-earnings

Fourth Quarter Highlights

  • Fourth quarter 2024 net loss attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ of $141 million compared to net loss of $71 million in the prior year period; fourth quarter 2024 diluted loss per share of $0.82 compared to diluted loss per share $0.41 in the prior year period.
  • Fourth quarter 2024 adjusted net loss attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ of $43 million compared to adjusted net loss of $36 million in the prior year period; fourth quarter 2024 adjusted diluted loss per share of $0.25 compared to adjusted diluted loss per share of $0.21 in the prior year period.
  • Fourth quarter 2024 adjusted EBITDA of $71 million compared to $44 million in the prior year period.
  • Fourth quarter 2024 net cash provided by operating activities from continuing operations was $159 million. Free cash flow from continuing operations was $108 million for the fourth quarter 2024 compared to $83 million in the prior year period.

Ìý

Three months ended

Twelve months ended

December 31,

December 31,

In millions, except per share amounts

2024

2023

2024

2023

Revenues

$ÌýÌýÌýÌý 1,452

$ÌýÌýÌýÌý 1,403

$ÌýÌýÌýÌý 6,036

$ÌýÌýÌýÌý 6,111

Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

$ÌýÌýÌýÌýÌý (141)

$ÌýÌýÌýÌýÌýÌýÌý (71)

$ÌýÌýÌýÌýÌý (189)

$ÌýÌýÌýÌýÌýÌý 101

Adjusted net (loss) income(1)

$ÌýÌýÌýÌýÌýÌýÌý (43)

$ÌýÌýÌýÌýÌýÌýÌý (36)

$ÌýÌýÌýÌýÌýÌýÌý (13)

$ÌýÌýÌýÌýÌýÌýÌýÌý 67

Diluted (loss) income per share

$ÌýÌýÌýÌý (0.82)

$ÌýÌýÌýÌý (0.41)

$ÌýÌýÌýÌý (1.10)

$ÌýÌýÌýÌýÌý 0.57

Adjusted diluted (loss) income per share(1)

$ÌýÌýÌýÌý (0.25)

$ÌýÌýÌýÌý (0.21)

$ÌýÌýÌýÌý (0.08)

$ÌýÌýÌýÌýÌý 0.37

Adjusted EBITDA(1)

$ÌýÌýÌýÌýÌýÌýÌýÌý 71

$ÌýÌýÌýÌýÌýÌýÌýÌý 44

$ÌýÌýÌýÌýÌýÌý 414

$ÌýÌýÌýÌýÌýÌý 472

Net cash provided by operating activities from continuing operations

$ÌýÌýÌýÌýÌýÌý 159

$ÌýÌýÌýÌýÌýÌý 166

$ÌýÌýÌýÌýÌýÌý 285

$ÌýÌýÌýÌýÌýÌý 251

Free cash flow from continuing operations(2)

$ÌýÌýÌýÌýÌýÌý 108

$ÌýÌýÌýÌýÌýÌýÌýÌý 83

$ÌýÌýÌýÌýÌýÌý 101

$ÌýÌýÌýÌýÌýÌýÌýÌý 21

See end of press release for footnote explanations and reconciliations of non-GAAP measures.

Ìý

THE WOODLANDS, Texas, Feb. 17, 2025 /PRNewswire/ -- ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (NYSE: HUN) today reported fourth quarter 2024 results with revenues of $1,452 million, net loss attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ of $141 million, adjusted net loss attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ of $43 million and adjusted EBITDA of $71 million.Ìý

Peter R. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, Chairman, President, and CEO, commented:

"The fourth quarter was within our expectations as trough conditions continued in our core markets. Despite quarterly volume improvement year-on-year of 5% for the Company leading to full year volume growth of 6%, we are yet to see that growth translate into needed margin improvement. As we begin 2025, construction and automotive markets, which represents approximately two-thirds of our portfolio, remain subdued. China faces economic challenges, but we expect the automotive sector to still show modest growth and overall profitability in that region to be relatively stable. European industry conditions are highly compromised from a combination of high energy costs, overburdening regulation, and excess capacity. We do not intend to sit idly by, waiting for markets to improve, and will remain aggressive in costs which will include announced workforce reductions in our Polyurethanes segment. Additionally, we will start assessing strategic options for our European maleic anhydride business as well as closing downstream Polyurethanes facilities. We will remain diligent in protecting our balance sheet, focusing on cash, and creating a leaner Company that will have substantial operating leverage when demand begins to meaningfully improve."

Segment Analysis for 4Q24 Compared to 4Q23

Polyurethanes

The increase in revenues in our Polyurethanes segment for the three months ended December 31, 2024 compared to the same period of 2023 was primarily due to higher sales volumes. Sales volumes increased primarily due to improved demand and share gains in the insulation and composite wood panels markets. The increase in segment adjusted EBITDA was primarily due to higher sales volumes, improved margins, and lower fixed and variable costs, partially offset with lower equity earnings from our minority-owned joint venture in China.Ìý ÌýÌýÌýÌýÌýÌý

Performance Products

The decrease in revenues in our Performance Products segment for the three months ended December 31, 2024 compared to the same period of 2023 was primarily due to lower sales volumes, partially offset by higher average selling prices. Sales volumes decreased primarily due to extended Maleic Anhydride outages during the quarter and slow construction activity and weak demand in industrial markets, partially offset by modest improvements in fuels and lubes. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes, partially offset by improved mix and lower fixed costs.

Advanced Materials

The increase in revenues in our Advanced Materials segment for the three months ended December 31, 2024 compared to the same period of 2023 was primarily due to higher sales volumes, partially offset by lower average selling prices. Sales volumes increased in our infrastructure and general industry segments.ÌýAverage selling prices decreased primarily due to unfavorable sales mix. Segment adjusted EBITDA was relatively flat due to higher sales volumes offset by increased fixed costs.

Corporate, LIFO and other

For the three months ended December 31, 2024, adjusted EBITDA from Corporate and other was a loss of $39 million as compared to a loss of $35 million for the same period of 2023 due to a negative impact from LIFO valuation losses and higher legal expenses.

Liquidity and Capital Resources

During the three months ended December 31, 2024, our free cash flow from continuing operations was $108 million as compared to $83 million in the same period of 2023. As of December 31, 2024, we had approximately $1.7 billion of combined cash and unused borrowing capacity.Ìý

During the three months ended December 31, 2024, we spent $51 million on capital expenditures from continuing operations as compared to $83 million in the same period of 2023. ÌýDuring 2025, we expect to spend between approximately $180 million to $190 million on capital expenditures.

Income Taxes

In the fourth quarter of 2024, our effective tax rate loss was 36% and our adjusted effective tax rate was not meaningful. We expect our 2025 adjusted effective tax rate to be approximately 35%.

Earnings Conference Call Information

We will hold a conference call to discuss our fourth quarter 2024 financial results on Tuesday, February 18, 2025, at 10:00 a.m. ET.

Webcast link:

Participant dial-in numbers:
Domestic callers:Ìý Ìý Ìý Ìý Ìý Ìý Ìý(877) 402-8037
International callers:Ìý Ìý Ìý Ìý (201) 378-4913

The conference call will be accompanied by presentation slides that will be accessible via the webcast link and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s investor relations website, .Ìý Upon conclusion of the call, the webcast replay will be accessible via ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s website.

Upcoming Conferences
During the first quarter 2025, a member of management is expected to present at:
Bank of America Securities 2025 Global Agriculture and Materials Conference, February 26, 2025 Ìý
Alembic Materials and Industrials Conference, March 6-7, 2025

A webcast of the presentation, if applicable, along with accompanying materials will be available at .

Ìý

Table 1 � Results of Operations

Three months ended

Twelve months ended

December 31,

December 31,

In millions, except per share amounts

2024

2023

2024

2023

Revenues

$ÌýÌýÌýÌý 1,452

$ÌýÌýÌýÌý 1,403

$ÌýÌýÌýÌý 6,036

$ÌýÌýÌýÌý 6,111

Cost of goods sold

1,264

1,251

5,170

5,205

Gross profit

188

152

866

906

Operating expenses, net

193

195

793

804

Restructuring, impairment and plant closing costs

19

11

39

18

Gain on acquisition of assets, net

-

-

(51)

-

Prepaid asset write-off

-

-

71

-

Loss on dissolution of subsidiaries

39

-

39

-

Operating (loss) income

(63)

(54)

(25)

84

Interest expense, net

(19)

(17)

(79)

(65)

Equity in income of investment in unconsolidated affiliates

2

13

44

83

Other (expense) income, net

(1)

(1)

21

(3)

(Loss) income from continuing operations before income taxes

(81)

(59)

(39)

99

Income tax (expense) benefit

(29)

2

(61)

(64)

(Loss) income from continuing operations

(110)

(57)

(100)

35

(Loss) income from discontinued operations, net of tax(3)

(15)

(2)

(27)

118

Net (loss) income

(125)

(59)

(127)

153

Net income attributable to noncontrolling interests

(16)

(12)

(62)

(52)

Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

$ÌýÌýÌýÌýÌý (141)

$ÌýÌýÌýÌýÌýÌýÌý (71)

$ÌýÌýÌýÌýÌý (189)

$ÌýÌýÌýÌýÌýÌý 101

Adjusted EBITDA(1)

$ÌýÌýÌýÌýÌýÌýÌýÌý 71

$ÌýÌýÌýÌýÌýÌýÌýÌý 44

$ÌýÌýÌýÌýÌýÌý 414

$ÌýÌýÌýÌýÌýÌý 472

Adjusted net (loss) income (1)

$ÌýÌýÌýÌýÌýÌýÌý (43)

$ÌýÌýÌýÌýÌýÌýÌý (36)

$ÌýÌýÌýÌýÌýÌýÌý (13)

$ÌýÌýÌýÌýÌýÌýÌýÌý 67

Basic (loss) income per share

$ÌýÌýÌýÌý (0.82)

$ÌýÌýÌýÌý (0.41)

$ÌýÌýÌýÌý (1.10)

$ÌýÌýÌýÌýÌý 0.57

Diluted (loss) income per share

$ÌýÌýÌýÌý (0.82)

$ÌýÌýÌýÌý (0.41)

$ÌýÌýÌýÌý (1.10)

$ÌýÌýÌýÌýÌý 0.57

Adjusted diluted (loss) income per share(1)

$ÌýÌýÌýÌý (0.25)

$ÌýÌýÌýÌý (0.21)

$ÌýÌýÌýÌý (0.08)

$ÌýÌýÌýÌýÌý 0.37

Common share information:

Basic weighted average shares

172

172

172

177

Diluted weighted average shares

172

172

172

177

Diluted shares for adjusted diluted (loss) income per share

172

172

172

179

See end of press release for footnote explanations.

Ìý

Table 2 � Results of Operations by Segment

Three months ended

Twelve months ended

December 31,

Better /

December 31,

Better /

In millions

2024

2023

(Worse)

2024

2023

(Worse)

Segment Revenues:

Polyurethanes

$ÌýÌýÌýÌýÌýÌý 970

$ÌýÌýÌýÌýÌýÌý 895

8Ìý%

$ÌýÌýÌýÌý 3,900

$ÌýÌýÌýÌý 3,865

1Ìý%

Performance Products

239

260

(8Ìý%)

1,109

1,178

(6Ìý%)

Advanced Materials

254

251

1Ìý%

1,055

1,092

(3Ìý%)

Total Reportable Segments' Revenues

1,463

1,406

4Ìý%

6,064

6,135

(1Ìý%)

Intersegment Eliminations

(11)

(3)

n/m

(28)

(24)

n/m

Total Revenues

$ÌýÌýÌýÌý 1,452

$ÌýÌýÌýÌý 1,403

3Ìý%

$ÌýÌýÌýÌý 6,036

$ÌýÌýÌýÌý 6,111

(1Ìý%)

Segment Adjusted EBITDA(1):

Polyurethanes

$ÌýÌýÌýÌýÌýÌýÌýÌý 50

$ÌýÌýÌýÌýÌýÌýÌýÌý 13

285Ìý%

$ÌýÌýÌýÌýÌýÌý 245

$ÌýÌýÌýÌýÌýÌý 248

(1Ìý%)

Performance Products

23

28

(18Ìý%)

153

201

(24Ìý%)

Advanced Materials

37

38

(3Ìý%)

179

186

(4Ìý%)

Total Reportable Segments' Adjusted EBITDA(1)

110

79

39Ìý%

577

635

(9Ìý%)

Corporate, LIFO and other

(39)

(35)

(11Ìý%)

(163)

(163)

0Ìý%

Total Adjusted EBITDA(1)

$ÌýÌýÌýÌýÌýÌýÌýÌý 71

$ÌýÌýÌýÌýÌýÌýÌýÌý 44

61Ìý%

$ÌýÌýÌýÌýÌýÌý 414

$ÌýÌýÌýÌýÌýÌý 472

(12Ìý%)

n/m = not meaningful

See end of press release for footnote explanations.

Ìý

Table 3 � Factors Impacting Sales Revenue

Three months ended

December 31, 2024 vs. 2023

Average Selling Price(a)

Local

Exchange

Sales

Currency & Mix

Rate

Volume(b)

Total

Polyurethanes

(1Ìý%)

0Ìý%

9Ìý%

8Ìý%

Performance Products

3Ìý%

0Ìý%

(11Ìý%)

(8Ìý%)

Advanced Materials

(5Ìý%)

0Ìý%

6Ìý%

1Ìý%

Twelve months ended

December 31, 2024 vs. 2023

Average Selling Price(a)

Local

Exchange

Sales

Currency & Mix

Rate

Volume(b)

Total

Polyurethanes

(7Ìý%)

0Ìý%

8Ìý%

1Ìý%

Performance Products

(7Ìý%)

0Ìý%

1Ìý%

(6Ìý%)

Advanced Materials

(8Ìý%)

0Ìý%

5Ìý%

(3Ìý%)

(a) Excludes sales from tolling arrangements, by-products and raw materials.

(b) Excludes sales from by-products and raw materials.

Ìý

Table 4 � Reconciliation of U.S. GAAP to Non-GAAP Measures

ÌýIncome TaxÌý

ÌýDiluted (Loss) IncomeÌý

ÌýEBITDAÌý

and Other Expense

ÌýNet LossÌý

ÌýPer ShareÌý

Three months ended

Three months ended

Three months ended

Three months ended

December 31,

December 31,

December 31,

December 31,

In millions, except per share amounts

2024

2023

2024

2023

2024

2023

2024

2023

Net loss

$ÌýÌýÌýÌýÌýÌý (125)

$ÌýÌýÌýÌýÌýÌýÌýÌý (59)

$ÌýÌýÌýÌýÌýÌý (125)

$ÌýÌýÌýÌýÌýÌýÌýÌý (59)

$ÌýÌýÌýÌýÌý (0.73)

$ÌýÌýÌýÌýÌý (0.34)

Net income attributable to noncontrolling interests

(16)

(12)

(16)

(12)

(0.09)

(0.07)

Net loss attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

(141)

(71)

(141)

(71)

(0.82)

(0.41)

Interest expense, net from continuing operations

19

17

Income tax expense (benefit) from continuing operations

29

(2)

$ÌýÌýÌýÌýÌýÌýÌýÌý (29)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 2

Income tax (benefit) expense from discontinued operations(3)

(3)

3

Depreciation and amortization from continuing operations

75

70

Business acquisition and integration expenses and purchase accounting inventory adjustments

-

1

(1)

(1)

(1)

-

(0.01)

-

EBITDA / Loss (income) from discontinued operations(3)

18

(1)

ÌýN/AÌý

ÌýN/AÌý

15

2

0.09

0.01

Establishment of significant deferred tax asset valuation allowances

-

-

23

14

23

14

0.13

0.08

Loss on sale of business/assets

-

1

(3)

-

(3)

1

(0.02)

0.01

Loss on dissolution of subsidiaries

39

-

-

-

39

-

0.23

-

Fair value adjustments to Venator investment, net and other tax matter adjustments

-

-

1

-

1

-

0.01

-

Certain legal and other settlements and related expenses

-

2

(4)

(1)

(4)

1

(0.02)

0.01

Certain non-recurring information technology project implementation costs

-

-

-

(1)

-

(1)

-

(0.01)

Amortization of pension and postretirement actuarial losses

14

12

(4)

(4)

10

8

0.06

0.05

Restructuring, impairment and plant closing and transition costs

21

12

(3)

(2)

18

10

0.10

0.06

Adjusted(1)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 71

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 44

$ÌýÌýÌýÌýÌýÌýÌýÌý (20)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7

(43)

(36)

$ÌýÌýÌýÌýÌý (0.25)

$ÌýÌýÌýÌýÌý (0.21)

Adjusted income tax expense (benefit)(1)

20

(7)

Net income attributable to noncontrolling interests

16

12

Adjusted pre-tax loss(1)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý (7)

$ÌýÌýÌýÌýÌýÌýÌýÌý (31)

Adjusted effective tax rate(4)

N/M

23Ìý%

Effective tax rate

(36Ìý%)

3Ìý%

ÌýIncome TaxÌý

ÌýNet (Loss)Ìý

ÌýDiluted (Loss) IncomeÌý

ÌýEBITDAÌý

and Other Expense

ÌýIncomeÌý

ÌýPer ShareÌý

Twelve months ended

Twelve months ended

Twelve months ended

Twelve months ended

December 31,

December 31,

December 31,

December 31,

In millions, except per share amounts

2024

2023

2024

2023

2024

2023

2024

2023

Net (loss) income

$ÌýÌýÌýÌýÌýÌý (127)

$ÌýÌýÌýÌýÌýÌýÌý 153

$ÌýÌýÌýÌýÌýÌý (127)

$ÌýÌýÌýÌýÌýÌýÌý 153

$ÌýÌýÌýÌýÌý (0.74)

$ÌýÌýÌýÌýÌýÌý 0.86

Net income attributable to noncontrolling interests

(62)

(52)

(62)

(52)

(0.36)

(0.29)

Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

(189)

101

(189)

101

(1.10)

0.57

Interest expense, net from continuing operations

79

65

Income tax expense from continuing operations

61

64

$ÌýÌýÌýÌýÌýÌýÌýÌý (61)

$ÌýÌýÌýÌýÌýÌýÌýÌý (64)

Income tax (benefit) expense from discontinued operations(3)

(11)

17

Depreciation and amortization from continuing operations

289

278

Business acquisition and integration expenses and purchase accounting inventory adjustments

21

4

(17)

(1)

4

3

0.02

0.02

Income tax settlement related to U.S. Tax Reform Act

-

-

5

-

5

-

0.03

-

EBITDA / Loss (income) from discontinued operations(3)

38

(135)

N/A

N/A

27

(118)

0.16

(0.66)

Establishment of significant deferred tax asset valuation allowances

-

-

23

14

23

14

0.13

0.08

Loss on sale of business/assets

1

-

-

-

1

-

0.01

-

Loss on dissolution of subsidiaries

39

-

-

-

39

-

0.23

-

Fair value adjustments to Venator investment, net and other tax matter adjustments

(12)

5

3

-

(9)

5

(0.05)

0.03

Certain legal and other settlements and related expenses(6)

13

6

(3)

(1)

10

5

0.06

0.03

Certain non-recurring information technology project implementation costs

-

5

-

(1)

-

4

-

0.02

Amortization of pension and postretirement actuarial losses

39

37

(3)

(6)

36

31

0.21

0.17

Restructuring, impairment and plant closing and transition costs

46

25

(6)

(3)

40

22

0.23

0.12

Adjusted(1)

$ÌýÌýÌýÌýÌýÌýÌý 414

$ÌýÌýÌýÌýÌýÌýÌý 472

$ÌýÌýÌýÌýÌýÌýÌýÌý (59)

$ÌýÌýÌýÌýÌýÌýÌýÌý (62)

(13)

67

$ÌýÌýÌýÌýÌý (0.08)

$ÌýÌýÌýÌýÌýÌý 0.37

Adjusted income tax expense(1)

59

62

Net income attributable to noncontrolling interests

62

52

Adjusted pre-tax income(1)

$ÌýÌýÌýÌýÌýÌýÌý 108

$ÌýÌýÌýÌýÌýÌýÌý 181

Adjusted effective tax rate(4)

55Ìý%

34Ìý%

Effective tax rate

(156Ìý%)

65Ìý%

N/M = not meaningful

See end of press release for footnote explanations.

Ìý

Table 5 � Balance Sheets

December 31,

December 31,

In millions

2024

2023

Cash

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 340

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 540

Accounts and notes receivable, net

725

753

Inventories

917

867

Prepaid expenses

114

92

Other current assets

29

62

Property, plant and equipment, net

2,493

2,376

Other noncurrent assets

2,496

2,558

Total assets

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7,114

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7,248

Accounts payable

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 770

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 719

Other current liabilities

470

441

Current portion of debt

325

12

Long-term debt

1,510

1,676

Other noncurrent liabilities

876

922

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation stockholders' equity

2,959

3,251

Noncontrolling interests in subsidiaries

204

227

Total liabilities and equity

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7,114

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7,248

Ìý

Table 6 � Outstanding Debt

December 31,

December 31,

In millions

2024

2023

Debt:

Revolving credit facility

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý -

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý -

Senior notes

1,799

1,471

Accounts receivable programs

-

169

Variable interest entities

16

26

Other debt

20

22

Total debt - excluding affiliates

1,835

1,688

Total cash

340

540

Net debt - excluding affiliates(5)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 1,495

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 1,148

See end of press release for footnote explanations.

Ìý

Table 7 � Summarized Statements of Cash Flows

Three months ended

Twelve months ended

December 31,

December 31,

In millions

2024

2023

2024

2023

Total cash at beginning of period

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 330

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 496

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 540

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 654

Net cash provided by operating activities from continuing operations

159

166

285

251

Net cash used in operating activities from discontinued operations(3)

(6)

(2)

(22)

(42)

Net cash (used in) provided by investing activities from continuing operations

(39)

(86)

(126)

309

Net cash used in investing activities from discontinued operations(3)

-

-

-

(4)

Net cash used in financing activities

(95)

(39)

(326)

(620)

Effect of exchange rate changes on cash

(9)

5

(11)

(8)

Total cash at end of period

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 340

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 540

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 340

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 540

Free cash flow from continuing operations(2):

Net cash provided by operating activities from continuing operations

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 159

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 166

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 285

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 251

Capital expenditures

(51)

(83)

(184)

(230)

Free cash flow from continuing operations(2)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 108

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 83

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 101

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 21

Supplemental cash flow information:

Cash paid for interest

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (22)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (25)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (77)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (68)

Cash paid for income taxes

(30)

(15)

(90)

(97)

Cash paid for restructuring and integration

(3)

(8)

(29)

(59)

Cash paid for pensions

(9)

(9)

(35)

(50)

Depreciation and amortization from continuing operations

75

70

289

278

Change in primary working capital:

Accounts and notes receivable

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 79

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 86

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 103

Inventories

60

92

(77)

125

Accounts payable

48

(15)

69

(224)

Total change in primary working capital

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 187

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 163

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (1)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 4

See end of press release for footnote explanations.

Ìý

Footnotes

(1)

We use adjusted EBITDA to measure the operating performance of our business and for planning and evaluating the performance of our business segments.Ìý We provide adjusted net income (loss) because we feel it provides meaningful insight for the investment community into the performance of our business.Ìý We believe that net income (loss) is the performance measure calculated and presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") that is most directly comparable to adjusted EBITDA and adjusted net income (loss).Ìý Additional information with respect to our use of each of these financial measures follows:

Adjusted EBITDA, adjusted net income (loss) and adjusted diluted income (loss) per share, as used herein, are not necessarily comparable to other similarly titled measures of other companies.

Adjusted EBITDA is computed by eliminating the following from net income (loss):Ìý (a) net income attributable to noncontrolling interests; (b) interest expense, net; (c) income taxes; (d) depreciation and amortization; (e) amortization of pension and postretirement actuarial losses; (f) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted EBITDA in Table 4 above.Ìý

Adjusted net income (loss) and adjusted diluted income (loss) per share are computed by eliminating the after tax impact of the following items from net income (loss): (a) net income attributable to noncontrolling interests; (b) amortization of pension and postretirement actuarial losses; (c) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted net income (loss) in Table 4 above.Ìý The income tax impacts, if any, of each adjusting item represent a ratable allocation of the total difference between the unadjusted tax expense and the total adjusted tax expense, computed without consideration of any adjusting items using a with and without approach.

We may disclose forward-looking adjusted EBITDA because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, net, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted EBITDA represents the forecast net income on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our adjusted EBITDA to differ.

(2)

Management internally uses free cash flow measure: (a) to evaluate our liquidity, (b) evaluate strategic investments, (c) plan stock buyback and dividend levels and (d) evaluate our ability to incur and service debt. Free cash flow is defined as net cash provided by operating activities less capital expenditures. Free cash flow is not a defined term under U.S. GAAP, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures.

(3)

During the first quarter 2023, we completed the divestiture of our Textile Effects business, which is reported as discontinued operations on the income and cash flow statements.

(4)

We believe the adjusted effective tax rate provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the businesses' operational profitability and that may obscure underlying business results and trends. In our view, effective tax rate is the performance measure calculated and presented in accordance with U.S. GAAP that is most directly comparable to adjusted effective tax rate. The reconciliation of historical adjusted effective tax rate and effective tax rate is set forth in Table 4 above. Please see the reconciliation of our net income to adjusted net income in Table 4 for details regarding the tax impacts of our non-GAAP adjustments.

Our forward-looking adjusted effective tax rate is calculated based on our forecast effective tax rate, and the range of our forward-looking adjusted effective tax rate equals the range of our forecast effective tax rate. We disclose forward-looking adjusted effective tax rate because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted effective tax rate represents the forecast effective tax rate on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our effective tax rate to differ.

(5)

Net debt is a measure we use to monitor how much debt we have after taking into account our total cash. We use it as an indicator of our overall financial position, and calculate it by taking our total debt, including the current portion, and subtracting total cash.

(6)

Certain legal and other settlements and related expenses for the twelve months ended December 31, 2024 includes approximately $10 million related to the settlement of a claim in connection with a commercial dispute. Ìý

Ìý

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,300 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website at .

Social Media:
Twitter:
Facebook:
LinkedIn:

Forward-Looking Statements:Ìý
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

Ìý

View original content to download multimedia:

SOURCE ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ to Discuss Fourth Quarter 2024 Results on February 18, 2025 /news/media-releases/detail/594/huntsman-to-discuss-fourth-quarter-2024-results-on-february Tue, 14 Jan 2025 16:00:00 -0500 /news/media-releases/detail/594/huntsman-to-discuss-fourth-quarter-2024-results-on-february

THE WOODLANDS, Texas, Jan. 14, 2025 /PRNewswire/ -- ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (NYSE: HUN) will hold a conference call on Tuesday, February 18, 2025, at 10:00 a.m. ET to discuss its fourth quarter 2024 financial results. Following some opening remarks, the call will move into a question and answer session.

The earnings press release, including financial statements and segment information, will be distributed after the market closes on Monday, February 17, 2025. The earnings slide presentation and prepared remarks will be available at after the market closes on Monday, February 17, 2025.

Webcast link:

Participant dial-in numbers:ÌýÌý
Domestic callers:ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (877) 402-8037
International callers:Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý(201) 378-4913

The conference call will be accessible via the webcast link and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s investor relations website, . Upon conclusion of the call, the webcast replay will be accessible via ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s website.

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 revenues ofÌýapproximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range ofÌýconsumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employÌýapproximately 6,000 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website atÌý.

Social Media:
Twitter:
Facebook
:
LinkedIn
:

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

Ìý

View original content to download multimedia:

SOURCE ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Announces Fourth Quarter 2024 Common Dividend /news/media-releases/detail/593/huntsman-announces-fourth-quarter-2024-common-dividend Tue, 05 Nov 2024 16:00:00 -0500 /news/media-releases/detail/593/huntsman-announces-fourth-quarter-2024-common-dividend

THE WOODLANDS, TexasÌý, Nov. 5, 2024 /PRNewswire/ -- ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (NYSE: HUN) announced today that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on December 31, 2024, to stockholders of record as of December 13, 2024.

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 revenues ofÌýapproximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range ofÌýconsumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employÌýapproximately 6,000 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website atÌý.

Social Media:
Twitter:
Facebook
:
LinkedIn
:

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

Ìý

Ìý

View original content to download multimedia:

SOURCE ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Announces Third Quarter 2024 Earnings /news/media-releases/detail/592/huntsman-announces-third-quarter-2024-earnings Mon, 04 Nov 2024 16:15:00 -0500 /news/media-releases/detail/592/huntsman-announces-third-quarter-2024-earnings

Third Quarter Highlights

  • Third quarter 2024 net loss attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ of $33 million compared to net income of $0 million in the prior year period; third quarter 2024 diluted loss per share of $0.19 compared to diluted income per share $0.00 in the prior year period.
  • Third quarter 2024 adjusted net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ of $17 million compared to adjusted net income of $27 million in the prior year period; third quarter 2024 adjusted diluted income per share of $0.10 compared to adjusted diluted income per share of $0.15 in the prior year period.
  • Third quarter 2024 adjusted EBITDA of $131 million compared to $136 million in the prior year period.
  • Third quarter 2024 net cash provided by operating activities from continuing operations was $134 million. Free cash flow from continuing operations was $93 million for the third quarter 2024 compared to $117 million in the prior year period.
  • Successfully placed $350 million of senior notes due 2034 with a 5.7% coupon rate. The proceeds were used for general corporate purposes, including repayment of debt.

Three months ended

Nine months ended

September 30,

September 30,

In millions, except per share amounts

2024

2023

2024

2023

Revenues

$ÌýÌýÌýÌý 1,540

$ÌýÌýÌýÌý 1,506

$ÌýÌýÌýÌý 4,584

$ÌýÌýÌýÌý 4,708

Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

$ÌýÌýÌýÌýÌýÌýÌý (33)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý -

$ÌýÌýÌýÌýÌýÌýÌý (48)

$ÌýÌýÌýÌýÌýÌýÌý 172

Adjusted net income(1)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 17

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 27

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 30

$ÌýÌýÌýÌýÌýÌýÌý 103

Diluted (loss) income per share

$ÌýÌýÌýÌýÌý (0.19)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý -

$ÌýÌýÌýÌýÌý (0.28)

$ÌýÌýÌýÌýÌýÌý 0.95

Adjusted diluted income per share(1)

$ÌýÌýÌýÌýÌýÌý 0.10

$ÌýÌýÌýÌýÌýÌý 0.15

$ÌýÌýÌýÌýÌýÌý 0.17

$ÌýÌýÌýÌýÌýÌý 0.57

Adjusted EBITDA(1)

$ÌýÌýÌýÌýÌýÌýÌý 131

$ÌýÌýÌýÌýÌýÌýÌý 136

$ÌýÌýÌýÌýÌýÌýÌý 343

$ÌýÌýÌýÌýÌýÌýÌý 428

Net cash provided by operating activities from continuing operations

$ÌýÌýÌýÌýÌýÌýÌý 134

$ÌýÌýÌýÌýÌýÌýÌý 167

$ÌýÌýÌýÌýÌýÌýÌý 126

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 85

Free cash flow from continuing operations(2)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 93

$ÌýÌýÌýÌýÌýÌýÌý 117

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý (7)

$ÌýÌýÌýÌýÌýÌýÌý (62)

See end of press release for footnote explanations and reconciliations of non-GAAP measures.

Ìý

THE WOODLANDS, Texas, Nov. 4, 2024 /PRNewswire/ -- ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (NYSE: HUN) today reported third quarter 2024 results with revenues of $1,540 million, net loss attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ of $33 million, adjusted net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ of $17 million and adjusted EBITDA of $131 million.Ìý

Peter R. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, Chairman, President, and CEO, commented:

"The third quarter was consistent with our outlook of a stable environment at trough conditions in our core construction and industrial markets. Total volumes for the Company did improve 5% in the quarter versus the prior year with stable margins sequentially. Construction and transportation account for approximately three quarters of our volumes and we expect near term trough conditions to persist through a seasonally lower fourth quarter. For the medium to long-term, interest rate cuts by the Federal Reserve and ECB, combined with government stimulus in China, should have a positive impact across our global portfolio, primarily in construction. In the meantime, we are focused on what we control - improving our cost position and our balance sheet strength to maintain optionality to invest in our core businesses in a disciplined manner. We were pleased by the success of our strong bond offering in the third quarter which points to the long-term strength of our portfolio and anticipation of market improvements in the coming years."

Segment Analysis for 3Q24 Compared to 3Q23

Polyurethanes

The increase in revenues in our Polyurethanes segment for the three months ended September 30, 2024 compared to the same period of 2023 was primarily due to higher sales volumes, partially offset by lower MDI average selling prices. Sales volumes increased primarily due to improved demand and share gains in certain markets. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics. The decrease in segment adjusted EBITDA was primarily due to lower MDI average selling prices and lower equity earnings from our minority-owned joint venture in China, partially offset by lower fixed costs and higher sales volumes.

Performance Products

The increase in revenues in our Performance Products segment for the three months ended September 30, 2024 compared to the same period of 2023 was primarily due to higher sales volumes, partially offset by lower average selling prices. Sales volumes increased primarily due to improved demand in fuels and lubes and coatings and adhesives markets. Average selling prices decreased primarily due to competitive pressure. The decrease in segment adjusted EBITDA was primarily due to lower average selling prices and unfavorable sales mix, partially offset by higher sales volumes and lower fixed costs.

Advanced Materials

The decrease in revenues in our Advanced Materials segment for the three months ended September 30, 2024 compared to the same period of 2023 was primarily due to lower average selling prices, partially offset by higher sales volumes. Average selling prices decreased primarily due to unfavorable sales mix. Sales volumes increased in our aerospace and coatings markets driven by market recovery, partially offset by lower demand in our industrial market. The decrease in segment adjusted EBITDA was primarily due to higher fixed costs.

Corporate, LIFO and other

For the threeÌýmonths ended September 30, 2024, adjusted EBITDA from Corporate and other was a loss of $34 million as compared to a loss of $41 million for the same period of 2023. The increase in adjusted EBITDA from Corporate and other resulted primarily from decreases in corporate overhead costs and unallocated foreign currency exchange losses, partially offset by an increase in LIFO valuation losses.

Liquidity and Capital Resources

During the three months ended September 30, 2024, our free cash flow from continuing operations was $93 million as compared to $117 million in the same period of 2023. As of September 30, 2024, we had approximately $1.7 billion of combined cash and unused borrowing capacity.

During the three months ended September 30, 2024, we spent $41 million on capital expenditures from continuing operations as compared to $50 million in the same period of 2023.Ìý During 2024, we expect to spend between approximately $180 million to $190 million on capital expenditures.

Income Taxes

In the third quarter of 2024, our effective tax rate was 115% and our adjusted effective tax rate was 41%.ÌýWe expect our 2024 adjusted effective tax rate to be between approximately 30% to 34%.ÌýWe expect our long-term adjusted effective tax rate to be between approximately 22% to 24%.

Earnings Conference Call Information

We will hold a conference call to discuss our third quarter 2024 financial results on Tuesday, November 5, 2024, at 10:00 a.m. ET.

Webcast link:

Participant dial-in numbers:
Domestic callers:ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (877) 402-8037
International callers:Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý(201) 378-4913

The conference call will be accompanied by presentation slides that will be accessible via the webcast link and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s investor relations website, .Ìý Upon conclusion of the call, the webcast replay will be accessible via ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s website.

Upcoming Conferences
During the fourth quarter 2024, a member of management is expected to present at:
Morgan Stanley Global Chemicals, Agriculture and Packaging Conference, November 12, 2024
Citi's Basic Materials Conference, December 3, 2024
Goldman Sachs Industrials and Materials Conference, December 4, 2024

A webcast of the presentation, if applicable, along with accompanying materials will be available atÌý.

Ìý

Table 1 � Results of Operations

Three months ended

Nine months ended

September 30,

September 30,

In millions, except per share amounts

2024

2023

2024

2023

Revenues

$ÌýÌýÌýÌý 1,540

$ÌýÌýÌýÌý 1,506

$ÌýÌýÌýÌý 4,584

$ÌýÌýÌýÌý 4,708

Cost of goods sold

1,306

1,275

3,906

3,954

Gross profit

234

231

678

754

Operating expenses, net

187

198

600

609

Restructuring, impairment and plant closing costs

5

6

20

7

Gain on acquisition of assets, net

-

-

(51)

-

Prepaid asset write-off

-

-

71

-

Operating income

42

27

38

138

Interest expense, net

(21)

(15)

(60)

(48)

Equity in income of investment in unconsolidated affiliates

5

30

42

70

Other income (expense), net

8

-

22

(2)

Income from continuing operations before income taxes

34

42

42

158

Income tax expense

(39)

(27)

(32)

(66)

(Loss) income from continuing operations

(5)

15

10

92

(Loss) income from discontinued operations, net of tax(3)

(12)

-

(12)

120

Net (loss) income

(17)

15

(2)

212

Net income attributable to noncontrolling interests

(16)

(15)

(46)

(40)

Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

$ÌýÌýÌýÌýÌýÌýÌý (33)

$Ìý Ìý Ìý Ìý Ìý Ìý Ìý-

$ÌýÌýÌýÌýÌýÌýÌý (48)

$ÌýÌýÌýÌýÌýÌýÌý 172

Adjusted EBITDA(1)

$ÌýÌýÌýÌýÌýÌýÌý 131

$ÌýÌýÌýÌýÌýÌýÌý 136

$ÌýÌýÌýÌýÌýÌýÌý 343

$ÌýÌýÌýÌýÌýÌýÌý 428

Adjusted net income (1)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 17

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 27

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 30

$ÌýÌýÌýÌýÌýÌýÌý 103

Basic (loss) income per share

$ÌýÌýÌýÌýÌý (0.19)

$Ìý Ìý Ìý Ìý Ìý Ìý Ìý-

$ÌýÌýÌýÌýÌý (0.28)

$ÌýÌýÌýÌýÌýÌý 0.96

Diluted (loss) income per share

$ÌýÌýÌýÌýÌý (0.19)

$Ìý Ìý Ìý Ìý Ìý Ìý Ìý-

$ÌýÌýÌýÌýÌý (0.28)

$ÌýÌýÌýÌýÌýÌý 0.95

Adjusted diluted income per share(1)

$ÌýÌýÌýÌýÌýÌý 0.10

$ÌýÌýÌýÌýÌýÌý 0.15

$ÌýÌýÌýÌýÌýÌý 0.17

$ÌýÌýÌýÌýÌýÌý 0.57

Common share information:

Basic weighted average shares

172

176

172

179

Diluted weighted average shares

172

177

172

181

Diluted shares for adjusted diluted income per share

173

177

173

181

See end of press release for footnote explanations.

Ìý

Table 2 � Results of Operations by Segment

Three months ended

Nine months ended

September 30,

Better /

September 30,

(Worse) /

In millions

2024

2023

(Worse)

2024

2023

Better

Segment Revenues:

Polyurethanes

$ÌýÌýÌýÌý 1,003

$ÌýÌýÌýÌýÌýÌýÌý 967

4Ìý%

$ÌýÌýÌýÌý 2,930

$ÌýÌýÌýÌý 2,970

(1Ìý%)

Performance Products

280

277

1Ìý%

870

918

(5Ìý%)

Advanced Materials

261

268

(3Ìý%)

801

841

(5Ìý%)

Total Reportable Segments' Revenues

1,544

1,512

2Ìý%

4,601

4,729

(3Ìý%)

Intersegment Eliminations

(4)

(6)

n/m

(17)

(21)

n/m

Total Revenues

$ÌýÌýÌýÌý 1,540

$ÌýÌýÌýÌý 1,506

2Ìý%

$ÌýÌýÌýÌý 4,584

$ÌýÌýÌýÌý 4,708

(3Ìý%)

Segment Adjusted EBITDA(1):

Polyurethanes

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 76

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 81

(6Ìý%)

$ÌýÌýÌýÌýÌýÌýÌý 195

$ÌýÌýÌýÌýÌýÌýÌý 235

(17Ìý%)

Performance Products

42

47

(11Ìý%)

130

173

(25Ìý%)

Advanced Materials

47

49

(4Ìý%)

142

148

(4Ìý%)

Total Reportable Segments' Adjusted EBITDA(1)

165

177

(7Ìý%)

467

556

(16Ìý%)

Corporate, LIFO and other

(34)

(41)

17Ìý%

(124)

(128)

3Ìý%

Total Adjusted EBITDA(1)

$ÌýÌýÌýÌýÌýÌýÌý 131

$ÌýÌýÌýÌýÌýÌýÌý 136

(4Ìý%)

$ÌýÌýÌýÌýÌýÌýÌý 343

$ÌýÌýÌýÌýÌýÌýÌý 428

(20Ìý%)

n/m = not meaningful

See end of press release for footnote explanations.

Ìý

Table 3 � Factors Impacting Sales Revenue

Three months ended

September 30, 2024 vs. 2023

Average Selling Price(a)

Local

Exchange

Sales

Currency & Mix

Rate

Volume(b)

Total

Polyurethanes

(1Ìý%)

0Ìý%

5Ìý%

4Ìý%

Performance Products

(3Ìý%)

0Ìý%

4Ìý%

1Ìý%

Advanced Materials

(7Ìý%)

(1Ìý%)

5Ìý%

(3Ìý%)

Nine months ended

September 30, 2024 vs. 2023

Average Selling Price(a)

Local

Exchange

Sales

Currency & Mix

Rate

Volume(b)

Total

Polyurethanes

(9Ìý%)

0Ìý%

8Ìý%

(1Ìý%)

Performance Products

(10Ìý%)

0Ìý%

5Ìý%

(5Ìý%)

Advanced Materials

(9Ìý%)

0Ìý%

4Ìý%

(5Ìý%)

(a) Excludes sales from tolling arrangements, by-products and raw materials.

(b) Excludes sales from by-products and raw materials.

Ìý

Ìý

Table 4 � Reconciliation of U.S. GAAP to Non-GAAP Measures

ÌýIncome TaxÌý

ÌýNet (Loss)Ìý

ÌýDiluted (Loss) IncomeÌý

ÌýEBITDAÌý

Expense

ÌýIncomeÌý

ÌýPer ShareÌý

Three months ended

Three months ended

Three months ended

Three months ended

September 30,

September 30,

September 30,

September 30,

In millions, except per share amounts

2024

2023

2024

2023

2024

2023

2024

2023

Net (loss) income

$ÌýÌýÌýÌýÌýÌýÌýÌý (17)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 15

$ÌýÌýÌýÌýÌýÌýÌýÌý (17)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 15

$ÌýÌýÌýÌýÌý (0.10)

$ÌýÌýÌýÌýÌýÌý 0.08

Net income attributable to noncontrolling interests

(16)

(15)

(16)

(15)

(0.09)

(0.08)

Net loss attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

(33)

-

(33)

-

(0.19)

-

Interest expense, net from continuing operations

21

15

Income tax expense from continuing operations

39

27

$ÌýÌýÌýÌýÌýÌýÌýÌý (39)

$ÌýÌýÌýÌýÌýÌýÌýÌý (27)

Income tax benefit from discontinued operations(3)

-

(2)

Depreciation and amortization from continuing operations

70

69

Business acquisition and integration expenses and purchase accounting inventory adjustments

-

-

1

1

1

1

0.01

0.01

Income tax settlement related to U.S. Tax Reform Act

-

-

5

-

5

-

0.03

-

EBITDA / Loss from discontinued operations(3)

12

2

ÌýN/AÌý

ÌýN/AÌý

12

-

0.07

-

Loss on sale of business/assets

1

-

3

-

4

-

0.02

-

Fair value adjustments to Venator investment, net

(5)

-

-

-

(5)

-

(0.03)

-

Certain legal and other settlements and related expenses(6)

11

2

2

-

13

2

0.08

0.01

Certain non-recurring information technology project implementation costs

-

2

-

1

-

3

-

0.02

Amortization of pension and postretirement actuarial losses

9

10

2

-

11

10

0.06

0.06

Restructuring, impairment and plant closing and transition costs

6

11

3

-

9

11

0.05

0.06

Adjusted(1)

$ÌýÌýÌýÌýÌýÌýÌý 131

$ÌýÌýÌýÌýÌýÌýÌý 136

$ÌýÌýÌýÌýÌýÌýÌýÌý (23)

$ÌýÌýÌýÌýÌýÌýÌýÌý (25)

17

27

$ÌýÌýÌýÌýÌýÌý 0.10

$ÌýÌýÌýÌýÌýÌý 0.15

Adjusted income tax expense(1)

23

25

Net income attributable to noncontrolling interests

16

15

Adjusted pre-tax income (1)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 56

$ÌýÌýÌýÌýÌýÌýÌýÌýÌý 67

Adjusted effective tax rate(4)

41Ìý%

37Ìý%

Effective tax rate

115Ìý%

64Ìý%

ÌýIncome TaxÌý

ÌýDiluted (Loss) IncomeÌý

ÌýEBITDAÌý

Expense

ÌýNet (Loss) IncomeÌý

ÌýPer ShareÌý

Nine months ended

Nine months ended

Nine months ended

Nine months ended

September 30,

September 30,

September 30,

September 30,

In millions, except per share amounts

2024

2023

2024

2023

2024

2023

2024

2023

Net (loss) income

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (2)

$ÌýÌýÌýÌýÌýÌýÌý 212

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (2)

$ÌýÌýÌýÌýÌýÌýÌý 212

$ÌýÌýÌýÌýÌý (0.01)

$ÌýÌýÌýÌýÌýÌý 1.17

Net income attributable to noncontrolling interests

(46)

(40)

(46)

(40)

(0.27)

(0.22)

Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

(48)

172

(48)

172

(0.28)

0.95

Interest expense, net from continuing operations

60

48

Income tax expense from continuing operations

32

66

$ÌýÌýÌýÌýÌýÌýÌýÌý (32)

$ÌýÌýÌýÌýÌýÌýÌýÌý (66)

Income tax (benefit) expense from discontinued operations(3)

(8)

14

Depreciation and amortization from continuing operations

214

208

Business acquisition and integration expenses and purchase accounting inventory adjustments

21

3

(16)

-

5

3

0.03

0.02

Income tax settlement related to U.S. Tax Reform Act

-

-

5

-

5

-

0.03

-

EBITDA / Loss (income) from discontinued operations(3)

20

(134)

N/A

N/A

12

(120)

0.07

(0.66)

Loss (gain) on sale of business/assets

1

(1)

3

-

4

(1)

0.02

(0.01)

Fair value adjustments to Venator investment, net

(12)

5

2

-

(10)

5

(0.06)

0.03

Certain legal and other settlements and related expenses(6)

13

4

1

-

14

4

0.08

0.02

Certain non-recurring information technology project implementation costs

-

5

-

-

-

5

-

0.03

Amortization of pension and postretirement actuarial losses

25

25

1

(2)

26

23

0.15

0.13

Restructuring, impairment and plant closing and transition costs

25

13

(3)

(1)

22

12

0.13

0.07

Adjusted(1)

$ÌýÌýÌýÌýÌýÌýÌý 343

$ÌýÌýÌýÌýÌýÌýÌý 428

$ÌýÌýÌýÌýÌýÌýÌýÌý (39)

$ÌýÌýÌýÌýÌýÌýÌýÌý (69)

30

103

$ÌýÌýÌýÌýÌýÌý 0.17

$ÌýÌýÌýÌýÌýÌý 0.57

Adjusted income tax expense(1)

39

69

Net income attributable to noncontrolling interests

46

40

Adjusted pre-tax income(1)

$ÌýÌýÌýÌýÌýÌýÌý 115

$ÌýÌýÌýÌýÌýÌýÌý 212

Adjusted effective tax rate(4)

34Ìý%

33Ìý%

Effective tax rate

76Ìý%

42Ìý%

N/A = not applicable

See end of press release for footnote explanations.

Ìý

Table 5 � Balance Sheets

September 30,

December 31,

In millions

2024

2023

Cash

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 330

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 540

Accounts and notes receivable, net

829

753

Inventories

1,004

867

Other current assets

130

154

Property, plant and equipment, net

2,580

2,376

Other noncurrent assets

2,461

2,558

Total assets

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7,334

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7,248

Accounts payable

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 745

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 719

Other current liabilities

469

441

Current portion of debt

346

12

Long-term debt

1,513

1,676

Other noncurrent liabilities

916

922

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation stockholders' equity

3,112

3,251

Noncontrolling interests in subsidiaries

233

227

Total liabilities and equity

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7,334

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 7,248

Ìý

Table 6 � Outstanding Debt

September 30,

December 31,

In millions

2024

2023

Debt:

Revolving credit facility

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý -

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý -

Senior notes

1,820

1,471

Accounts receivable programs

-

169

Variable interest entities

19

26

Other debt

20

22

Total debt - excluding affiliates

1,859

1,688

Total cash

330

540

Net debt - excluding affiliates(5)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 1,529

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 1,148

See end of press release for footnote explanations.

Ìý

Table 7 â€� Summarized Statements of Cash FlowsÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Three months ended

Nine months ended

September 30,

September 30,

In millions

2024

2023

2024

2023

Total cash at beginning of period

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 335

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 502

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 540

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 654

Net cash provided by operating activities from continuing operations

134

167

126

85

Net cash used in operating activities from discontinued operations(3)

(5)

(4)

(16)

(40)

Net cash (used in) provided by investing activities from continuing operations

(7)

(49)

(87)

395

Net cash used in investing activities from discontinued operations(3)

-

-

-

(4)

Net cash used in financing activities

(129)

(117)

(231)

(581)

Effect of exchange rate changes on cash

2

(3)

(2)

(13)

Total cash at end of period

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 330

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 496

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 330

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 496

Free cash flow from continuing operations(2):

Net cash provided by operating activities from continuing operations

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 134

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 167

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 126

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 85

Capital expenditures

(41)

(50)

(133)

(147)

Free cash flow from continuing operations(2)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 93

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 117

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (7)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (62)

Supplemental cash flow information:

Cash paid for interest

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (14)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (9)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (55)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (43)

Cash paid for income taxes

(16)

(20)

(60)

(82)

Cash paid for restructuring and integration

(3)

(13)

(26)

(51)

Cash paid for pensions

(9)

(21)

(26)

(41)

Depreciation and amortization from continuing operations

70

69

214

208

Change in primary working capital:

Accounts and notes receivable

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 58

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 17

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (72)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 17

Inventories

(66)

56

(137)

33

Accounts payable

(1)

(11)

21

(209)

Total change in primary working capital

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (9)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 62

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (188)

$ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (159)

See end of press release for footnote explanations.

Ìý

Footnotes

(1)

We use adjusted EBITDA to measure the operating performance of our business and for planning and evaluating the performance of our business segments.Ìý We provide adjusted net income (loss) because we feel it provides meaningful insight for the investment community into the performance of our business.Ìý We believe that net income (loss) is the performance measure calculated and presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") that is most directly comparable to adjusted EBITDA and adjusted net income (loss).Ìý Additional information with respect to our use of each of these financial measures follows:

Adjusted EBITDA, adjusted net income (loss) and adjusted diluted income (loss) per share, as used herein, are not necessarily comparable to other similarly titled measures of other companies.

Adjusted EBITDA is computed by eliminating the following from net income (loss):Ìý (a) net income attributable to noncontrolling interests; (b) interest expense, net; (c) income taxes; (d) depreciation and amortization; (e) amortization of pension and postretirement actuarial losses; (f) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted EBITDA in Table 4 above.Ìý

Adjusted net income (loss) and adjusted diluted income (loss) per share are computed by eliminating the after tax impact of the following items from net income (loss): (a) net income attributable to noncontrolling interests; (b) amortization of pension and postretirement actuarial losses; (c) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted net income (loss) in Table 4 above.Ìý The income tax impacts, if any, of each adjusting item represent a ratable allocation of the total difference between the unadjusted tax expense and the total adjusted tax expense, computed without consideration of any adjusting items using a with and without approach.

We may disclose forward-looking adjusted EBITDA because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, net, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted EBITDA represents the forecast net income on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our adjusted EBITDA to differ.

(2)

Management internally uses free cash flow measure: (a) to evaluate our liquidity, (b) evaluate strategic investments, (c) plan stock buyback and dividend levels and (d) evaluate our ability to incur and service debt. Free cash flow is defined as net cash provided by operating activities less capital expenditures. Free cash flow is not a defined term under U.S. GAAP, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures.

(3)

During the first quarter 2023, we completed the divestiture of our Textile Effects business, which is reported as discontinued operations on the income and cash flow statements.

(4)

We believe the adjusted effective tax rate provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the businesses' operational profitability and that may obscure underlying business results and trends. In our view, effective tax rate is the performance measure calculated and presented in accordance with U.S. GAAP that is most directly comparable to adjusted effective tax rate. The reconciliation of historical adjusted effective tax rate and effective tax rate is set forth in Table 4 above. Please see the reconciliation of our net income to adjusted net income in Table 4 for details regarding the tax impacts of our non-GAAP adjustments.

Our forward-looking adjusted effective tax rate is calculated based on our forecast effective tax rate, and the range of our forward-looking adjusted effective tax rate equals the range of our forecast effective tax rate. We disclose forward-looking adjusted effective tax rate because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted effective tax rate represents the forecast effective tax rate on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our effective tax rate to differ.

(5)

Net debt is a measure we use to monitor how much debt we have after taking into account our total cash. We use it as an indicator of our overall financial position, and calculate it by taking our total debt, including the current portion, and subtracting total cash.

(6)

Certain legal and other settlements and related expenses for the three and nine months ended September 30, 2024 includes approximately $10 million related to the settlement of a claim in connection with a commercial dispute.

Ìý

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website at .Ìý

Social Media:
Twitter:
Facebook
:
LinkedIn
:

Forward-Looking Statements:Ìý
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

View original content to download multimedia:

SOURCE ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ to Discuss Third Quarter 2024 Results on November 5, 2024 /news/media-releases/detail/591/huntsman-to-discuss-third-quarter-2024-results-on-november Thu, 03 Oct 2024 11:00:00 -0400 /news/media-releases/detail/591/huntsman-to-discuss-third-quarter-2024-results-on-november

THE WOODLANDS, Texas, Oct. 3, 2024 /PRNewswire/ -- ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (NYSE: HUN) will hold a conference call on Tuesday, November 5, 2024, at 10:00 a.m. ET to discuss its third quarter 2024 financial results. Following some opening remarks, the call will move into a question and answer session.

The earnings press release, including financial statements and segment information, will be distributed after the market closes on Monday, November 4, 2024. The earnings slide presentation and prepared remarks will be available at after the market closes on Monday, November 4, 2024.

Webcast link:

Participant dial-in numbers:ÌýÌý
Domestic callers:ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (877) 402-8037
International callers:ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý (201) 378-4913

The conference call will be accessible via the webcast link and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s investor relations website, .Ìý Upon conclusion of the call, the webcast replay will be accessible via ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s website.

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 revenues ofÌýapproximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range ofÌýconsumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employÌýapproximately 6,000 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website atÌý.

Social Media:
Twitter:
Facebook:
LinkedIn:

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾'s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

Ìý

View original content to download multimedia:

SOURCE ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Prices $350 Million of Senior Notes /news/media-releases/detail/590/huntsman-prices-350-million-of-senior-notes Tue, 24 Sep 2024 17:15:00 -0400 /news/media-releases/detail/590/huntsman-prices-350-million-of-senior-notes

THE WOODLANDS, Texas, Sept. 24, 2024 /PRNewswire/ -- ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation (NYSE: HUN) today announced that its wholly-owned subsidiary, ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC, has priced its offering of $350 million in aggregate principal amount of Senior Notes due 2034. The notes will be offered to the public at a price of 99.640% of their principal amount and will bear interest at a rate of 5.700% per annum. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ expects the offering to close on September 26, 2024, subject to customary closing conditions.

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ intends to use the net proceeds from the offering for general corporate purposes, including repayment of debt.

BofA Securities, Inc.; Citigroup Global Markets Inc.; J.P. Morgan Securities LLC; BMO Capital Markets Corp.; HSBC Securities (USA) Inc.; ICBC Standard Bank Plc; MUFG Securities Americas Inc.; PNC Capital Markets LLC; TD Securities (USA) LLC; and Truist Securities, Inc. are acting as the joint book-running managers for the offering. Barclays Capital Inc.; U.S. Bancorp Investments, Inc.; and Zions Direct, Inc. are acting as the senior co-managers for the offering, and Academy Securities, Inc. is acting as the co-manager for the offering. Ìý

The offering was made under an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission and became automatically effective on August 9, 2024. The offering of the notes may be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from BofA Securities, Inc. by calling toll-free at 1-800-294-1322, Citigroup Global Markets Inc. by calling toll-free at 1-800-831-9146 or from J.P. Morgan Securities LLC by calling collect at 1-212-834-4533.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations.

Forward-Looking Statements:
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect our operations, markets, products, prices and other factors as discussed in our filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of our operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in our businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by us from time to time. All forward-looking statements apply only as of the date made. Except as required by law, we undertake no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

Ìý

View original content to download multimedia:

SOURCE ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

]]>
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ launches AVALON® GECKO TPU - engineered for ultimate grip in footwear /news/media-releases/detail/589/huntsman-launches-avalon-gecko-tpu---engineered-for Wed, 28 Aug 2024 09:00:00 -0400 /news/media-releases/detail/589/huntsman-launches-avalon-gecko-tpu---engineered-for New thermoplastic soling solution launches at NW Materials Show

THE WOODLANDS, Texas - ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ has developed a new range of innovative, high-performing thermoplastic polyurethane (TPU) materials for the footwear industry that offers game-changing possibilities for soling applications. The new AVALON® GECKO TPU portfolio offers a series of products that have exceptional grip and durability and have been developed with circularity in mind. Tailor made for use in high performance soling applications, the range includes an extrudable grade for creating super thin outsoles and a product that can be foamed to produce a very low density and super soft material with a unique touch and feel.

Drawing inspiration from the extraordinary grip of geckos, products in the AVALON® GECKO TPU portfolio offer comparable slip performance to rubber in both wet and dry conditions. A great choice for outsoles for running, hiking and safety shoes, the new GECKO TPU portfolio contains products that are soft (shore 60-65A) yet highly durable with excellent abrasion resistance.

To help ensure ultimate design and production versatility for its customers, ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ has developed three grades of AVALON® GECKO TPU:

  • AVALON® 6044 AG â€� an opaque, injectable grade that is ideal for safety shoes
  • AVALON® 6053 AG â€� a transparent, extrusion grade optimized for running applications
  • AVALON® 6055 AG â€� a transparent, injectable grade for exceptional wet slip performance.

The extrudable GECKO grade, AVALON® 6053 AG TPU represents a major step forward in footwear â€� enabling the creation of outsoles that are up to 50% thinner and lighter than conventional outsoles, without compromising quality, performance or durability. The injectable AVALON® 6044 AG grade has been developed to offer fast cycle times for improved productivity. In addition, all AVALON® GECKO TPU grades offer adhesive-free bonding when paired with other TPU midsole materials and, thanks to their compatibility, can be mechanically recycled with minimal impact on material performance*. They can also be easily coloured and engineered to create different textures and surface finishes.Ìý

Matthew Canoy, Global Marketing Director PU Elastomers at ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, said: “The development of AVALON® GECKO TPU represents a significant advancement towards achieving circular footwear. Developed to be dependable, durable, and with circularity in mind, AVALON® GECKO TPU materials ensure that sustainability and high performance are in lock step with one another, with no compromises. The feedback we’ve received from customers that have tested AVALON® GECKO TPU products has been incredibly positive. We are excited to launch the range and continue our conversations with footwear brands that want to get a gecko-like grip in their soling applications.â€�

AVALON® Gecko TPU is officially launched at the NW Materials Show in Portland, Oregon on August 28, 2024.

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ is a leading provider of polyurethane, thermoplastic polyurethane (TPU) and textile-based solutions to the footwear industry. Working closely with many of the world’s leading footwear and sports brands, the company’s global footwear team provides fully formulated grades and tailor-made systems. In terms of focus, ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ concentrates its innovation efforts on the development of sustainable solutions that meet the automation, customization and smart manufacturing needs of its customers.Ìý

For more information about AVALON® GECKO TPUs, go to: www.avalon-gecko.com

Footnote:

* Tests performed by ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ on outsoles produced using regranulated AVALON® GECKO TPU showed no signs of degradation in performance. The ability to perform mechanical recycling is dependent on end of life take-back programs and a recycling ecosystem being in place.

About ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾:
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 revenues of approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, please visit the company's website at www.huntsman.com.Ìý

Social Media:

Twitter: Facebook: LinkedIn:

Forward-Looking Statements:

Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾â€™s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

While all the information and recommendations in this publication are to the best of our knowledge, information and belief accurate at the date of publication, NOTHING HEREIN IS TO BE CONSTRUED AS A WARRANTY, EXPRESS OR OTHERWISE. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Polyurethanes warrants only that its products meet the specifications agreed with the buyer in the sales contract.Ìý Typical properties, where stated, are to be considered as Representative of current production and should not be treated as specifications. IN ALL CASES, IT IS THE RESPONSIBILITY OF THE USER TO DETERMINE THE APPLICABILITY OF SUCH INFORMATION AND RECOMMENDATIONS AND THE SUITABILITY OF ANY PRODUCT FOR ITS OWN PARTICULAR PURPOSE. The sale of products referred to in this publication is subject to the general terms and conditions of sale of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC or of its affiliated companies.

AVALON® is a registered trademark of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC or an affiliate thereof in one or more, but not all, countries.

©Ìý2024. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or an affiliate thereof. All rights reserved.Ìý

]]>