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Huntsman (HUN) investor relations material
Huntsman Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenues for Q3 2025 declined 5% year-over-year to $1.46 billion, with a net loss of $25 million, an improvement from a $33 million loss in Q3 2024; adjusted EBITDA was $94 million, down from $131 million.
Free cash flow from continuing operations improved to $157 million from $93 million year-over-year, with strong cash generation attributed to working capital and capex control.
Aggressive cost reduction and restructuring programs are underway, targeting over $100 million in savings by 2026, including site closures and headcount reductions.
Dividend was reduced by 65% to $0.0875 per share, or $0.35 annually, to preserve balance sheet strength and financial flexibility.
Market conditions remain challenging, with high inflation, rising interest rates, weak demand in key regions, and deindustrialization in Europe.
Financial highlights
Q3 2025 revenue: $1.46 billion (down 5% year-over-year); adjusted EBITDA: $94 million (down 28%); net loss: $25 million.
Free cash flow from continuing operations improved to $157 million; operating cash flow for Q3 was $200 million.
Dividend reset to $0.0875 per share quarterly, reducing annual payout by 65%.
Net debt at quarter-end was $1.5 billion, with $1.4 billion in liquidity.
Free cash flow conversion improved to 68% from 24% year-over-year.
Outlook and guidance
4Q25 adjusted EBITDA expected between $25 million and $50 million, with continued market challenges and seasonal volume declines anticipated.
Cost savings program expected to deliver $75 million benefit in 2025 and $100 million by end of 2026.
2025 capital expenditures projected at $170–$180 million, funded by operating cash flow.
No formal forecasts for 2026 due to short-term visibility and market uncertainty.
Anticipates returning to a higher dividend payout when market conditions improve.
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