EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Media: Investor Relations: November 4, 2024 Kevin Gundersen Ivan Marcuse The Woodlands, TX (281) 719-4627 (281) 719-4637 NYSE: HUN Huntsman Announces Third Quarter 2024 Earnings Third Quarter Highlights · Third quarter 2024 net loss attributable to Huntsman 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 Huntsman 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 $ 1,540 $ 1,506 $ 4,584 $ 4,708 Net (loss) income attributable to Huntsman Corporation $ (33 ) $ - $ (48 ) $ 172 Adjusted net income (1) $ 17 $ 27 $ 30 $ 103 Diluted (loss) income per share $ (0.19 ) $ - $ (0.28 ) $ 0.95 Adjusted diluted income per share (1) $ 0.10 $ 0.15 $ 0.17 $ 0.57 Adjusted EBITDA (1) $ 131 $ 136 $ 343 $ 428 Net cash provided by operating activities from continuing operations $ 134 $ 167 $ 126 $ 85 Free cash flow from continuing operations (2) $ 93 $ 117 $ (7 ) $ (62 ) See end of press release for footnote explanations and reconciliations of non-GAAP measures. THE WOODLANDS, Texas – Huntsman Corporation (NYSE: HUN) today reported third quarter 2024 results with revenues of $1,540 million, net loss attributable to Huntsman of $33 million, adjusted net income attributable to Huntsman of $17 million and adjusted EBITDA of $131 million. Peter R. Huntsman, 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 three months 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. - 2 - 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. 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%. We expect our 2024 adjusted effective tax rate to be between approximately 30% to 34%. We 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: https://event.choruscall.com/mediaframe/webcast.html?webcastid=52266EEY Participant dial-in numbers: Domestic callers: (877) 402-8037 International callers: (201) 378-4913 The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman’s investor relations website, www.huntsman.com/investors . Upon conclusion of the call, the webcast replay will be accessible via Huntsman’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 at www.huntsman.com/investors . - 3 - 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 $ 1,540 $ 1,506 $ 4,584 $ 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 Huntsman Corporation $ (33 ) $ - $ (48 ) $ 172 Adjusted EBITDA (1) $ 131 $ 136 $ 343 $ 428 Adjusted net income (1) $ 17 $ 27 $ 30 $ 103 Basic (loss) income per share $ (0.19 ) $ - $ (0.28 ) $ 0.96 Diluted (loss) income per share $ (0.19 ) $ - $ (0.28 ) $ 0.95 Adjusted diluted income per share (1) $ 0.10 $ 0.15 $ 0.17 $ 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. - 4 - 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 $ 1,003 $ 967 4 % $ 2,930 $ 2,970 (1 )% Performance Products 280 277 1 % 870 918 (5 )% Advanced Materials 261 268 (3 )% 801 841 (5 )% Total Reportable Segments' Revenues 1,544 1,512 2 % 4,601 4,729 (3 )% Intersegment Eliminations (4 ) (6 ) n/m (17 ) (21 ) n/m Total Revenues $ 1,540 $ 1,506 2 % $ 4,584 $ 4,708 (3 )% Segment Adjusted EBITDA (1) : Polyurethanes $ 76 $ 81 (6 )% $ 195 $ 235 (17 )% Performance Products 42 47 (11 )% 130 173 (25 )% Advanced Materials 47 49 (4 )% 142 148 (4 )% Total Reportable Segments' Adjusted EBITDA (1) 165 177 (7 )% 467 556 (16 )% Corporate, LIFO and other (34 ) (41 ) 17 % (124 ) (128 ) 3 % Total Adjusted EBITDA (1) $ 131 $ 136 (4 )% $ 343 $ 428 (20 )% n/m = not meaningful See end of press release for footnote explanations. 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 (1 )% 0 % 5 % 4 % Performance Products (3 )% 0 % 4 % 1 % Advanced Materials (7 )% (1 )% 5 % (3 )% Nine months ended September 30, 2024 vs. 2023 Average Selling Price (a) Local Exchange Sales Currency & Mix Rate Volume (b) Total Polyurethanes (9 )% 0 % 8 % (1 )% Performance Products (10 )% 0 % 5 % (5 )% Advanced Materials (9 )% 0 % 4 % (5 )% (a) Excludes sales from tolling arrangements, by-products and raw materials. (b) Excludes sales from by-products and raw materials. - 5 - Table 4 – Reconciliation of U.S. GAAP to Non-GAAP Measures Income Tax Net (Loss) Diluted (Loss) Income EBITDA Expense Income Per Share 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 $ (17 ) $ 15 $ (17 ) $ 15 $ (0.10 ) $ 0.08 Net income attributable to noncontrolling interests (16 ) (15 ) (16 ) (15 ) (0.09 ) (0.08 ) Net loss attributable to Huntsman Corporation (33 ) - (33 ) - (0.19 ) - Interest expense, net from continuing operations 21 15 Income tax expense from continuing operations 39 27 $ (39 ) $ (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 N/A N/A 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) $ 131 $ 136 $ (23 ) $ (25 ) 17 27 $ 0.10 $ 0.15 Adjusted income tax expense (1) 23 25 Net income attributable to noncontrolling interests 16 15 Adjusted pre-tax income (1) $ 56 $ 67 Adjusted effective tax rate (4) 41 % 37 % Effective tax rate 115 % 64 % Income Tax Diluted (Loss) Income EBITDA Expense Net (Loss) Income Per Share 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 $ (2 ) $ 212 $ (2 ) $ 212 $ (0.01 ) $ 1.17 Net income attributable to noncontrolling interests (46 ) (40 ) (46 ) (40 ) (0.27 ) (0.22 ) Net (loss) income attributable to Huntsman 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 $ (32 ) $ (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) $ 343 $ 428 $ (39 ) $ (69 ) 30 103 $ 0.17 $ 0.57 Adjusted income tax expense (1) 39 69 Net income attributable to noncontrolling interests 46 40 Adjusted pre-tax income (1) $ 115 $ 212 Adjusted effective tax rate (4) 34 % 33 % Effective tax rate 76 % 42 % N/A = not applicable See end of press release for footnote explanations. - 6 - Table 5 – Balance Sheets September 30, December 31, In millions 2024 2023 Cash $ 330 $ 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 $ 7,334 $ 7,248 Accounts payable $ 745 $ 719 Other current liabilities 469 441 Current portion of debt 346 12 Long-term debt 1,513 1,676 Other noncurrent liabilities 916 922 Huntsman Corporation stockholders’ equity 3,112 3,251 Noncontrolling interests in subsidiaries 233 227 Total liabilities and equity $ 7,334 $ 7,248 Table 6 – Outstanding Debt September 30, December 31, In millions 2024 2023 Debt: Revolving credit facility $ - $ - 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) $ 1,529 $ 1,148 See end of press release for footnote explanations. - 7 - Table 7 – Summarized Statements of Cash Flows Three months ended Nine months ended September 30, September 30, In millions 2024 2023 2024 2023 Total cash at beginning of period $ 335 $ 502 $ 540 $ 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 $ 330 $ 496 $ 330 $ 496 Free cash flow from continuing operations (2) : Net cash provided by operating activities from continuing operations $ 134 $ 167 $ 126 $ 85 Capital expenditures (41 ) (50 ) (133 ) (147 ) Free cash flow from continuing operations (2) $ 93 $ 117 $ (7 ) $ (62 ) Supplemental cash flow information: Cash paid for interest $ (14 ) $ (9 ) $ (55 ) $ (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 $ 58 $ 17 $ (72 ) $ 17 Inventories (66 ) 56 (137 ) 33 Accounts payable (1 ) (11 ) 21 (209 ) Total change in primary working capital $ (9 ) $ 62 $ (188 ) $ (159 ) See end of press release for footnote explanations. - 8 - 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. We provide adjusted net income (loss) because we feel it provides meaningful insight for the investment community into the performance of our business. 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). 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): (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. 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. 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. - 9 - About Huntsman: Huntsman 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 Huntsman, please visit the company's website at www.huntsman.com . Social Media: Twitter: www.twitter.com/Huntsman_Corp Facebook: www.facebook.com/huntsmancorp LinkedIn: www.linkedin.com/company/huntsman 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 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. - 10 -

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.