HUN
Huntsman Corporation9.90
-0.51-4.9%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Cost savings details, Europe green shoots.
Q&A surfaced details on $45 million in-year 2026 cost savings from the $100 million annualized program, mostly in Europe via headcount cuts and closures. Peter highlighted early Europe price hikes and demand upticks in construction, auto, power, and aerospace—yet tempered enthusiasm, recalling last year's false North American starts post-Liberation Day. Management dismissed debt covenant worries, confident even below $100 million LTM adjusted EBITDA thanks to add-backs. Low inventories across the chain set up sudden rebounds, as in past cycles. Europe consolidation chances look ripe due to fragmented cost curves. Watch NA construction season and post-Chinese New Year China pricing. Q&A adds color without major shifts.
Key Stats
Market Cap
1.72BP/E (TTM)
-Basic EPS (TTM)
-1.82Dividend Yield
0.1%Recent Filings
10-K
FY2025 results
Huntsman Corporation's FY2025 revenues fell 6% year-over-year to $5,683 million, with all segments hit by lower prices and softer volumes outside Polyurethanes, where demand edged up 2% despite a Q2 Rotterdam turnaround. Adjusted EBITDA plunged 34% to $275 million amid margin erosion across Polyurethanes (down 40% to $146 million), Performance Products (down 30% to $107 million), and Advanced Materials (down 10% to $161 million), though cost cuts and lower raw materials offered some relief. Free cash flow strengthened to $125 million, bolstering $429 million cash and $1.3 billion liquidity; the board slashed the dividend 65% to $0.0875 per share, with $547 million buyback capacity unused. Q4 momentum faltered on persistent weak pricing. Cyclical markets remain a drag.
8-K
Q4 revenues drop, EBITDA halves
Huntsman reported Q4 2025 revenues of $1,355 million, down 7% from $1,452 million, with adjusted EBITDA plunging to $35 million from $71 million amid lower prices across segments. Yet net cash from operations hit $77 million, fueling $20 million free cash flow. Restructuring cushioned losses, but Polyurethanes margins eroded sharply. Cash plus liquidity stands at $1.3 billion.
8-K
New $800M revolver secured
Huntsman International secured an $800M senior secured revolving credit facility on February 9, 2026, maturing February 9, 2031, with potential expansion to $1.2B subject to leverage tests. It terminated its prior 2022 credit agreement, fully repaying obligations. Lenders get liens on U.S. personal property; rates tie to leverage.
8-K
A/R facility upsized to $180M
10-Q
Q3 FY2025 results
Huntsman posted Q3 revenues of $1,460M, down 5% y/y from $1,540M, with gross profit slipping 13% to $204M amid lower prices across segments, though Polyurethanes and Advanced Materials eked out volume gains. Operating income flipped to a slim $6M profit from $42M, pressured by $12M in restructuring costs for plant closures in Performance Products and Polyurethanes optimization. Cash climbed to $468M, with free cash flow of $105M (operating cash $221M minus $116M capex) fueling $457M net revolver draws after repaying $315M 2025 notes; total debt hit $2,008M. Litigation win added $33M YTD. Soft demand lingers.
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