Huntsman(HUN) Prnewswire·2024-11-04 21:15Core Insights - Huntsman Corporation reported a net loss of 0 million in the same period last year [1][3] - Adjusted net income for Q3 2024 was 27 million in Q3 2023, with adjusted diluted income per share decreasing to 0.15 [1][2] - The company achieved revenues of 1,506 million in Q3 2023 [2][3] Financial Performance - Q3 2024 adjusted EBITDA was 136 million in the prior year [1][2] - Free cash flow from continuing operations was 117 million in Q3 2023 [1][6] - Net cash provided by operating activities from continuing operations was 167 million in the same period last year [2][6] Segment Analysis - Polyurethanes segment revenues increased to 967 million in Q3 2023, driven by higher sales volumes despite lower MDI average selling prices [4][11] - Performance Products segment revenues rose to 277 million, attributed to improved demand in fuels and lubes [4][11] - Advanced Materials segment revenues decreased to 268 million, primarily due to lower average selling prices [4][11] Market Outlook - The company anticipates continued trough conditions in construction and industrial markets through Q4 2024, with a potential recovery supported by interest rate cuts and government stimulus in China [3][4] - Management is focused on improving cost positions and balance sheet strength to maintain investment flexibility in core businesses [3][4] Liquidity and Capital Resources - As of September 30, 2024, Huntsman had approximately 41 million, down from $50 million in the same period last year [6][15] Taxation - The effective tax rate for Q3 2024 was 115%, with an adjusted effective tax rate of 41% [7][15] - The company expects its 2024 adjusted effective tax rate to be between 30% to 34% [7][15]