Huntsman — Feb 17, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-014436
Showing in the filing
Capital expenditures
“between approximately $180 million to $190 million”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 2
Capital expenditures for FY2025
“between approximately $180 million to $190 million”
Adjusted effective tax rate for FY2025
“approximately 35%”
Exhibit 99.1 · full document
EXHIBIT 99.1
Exhibit 99.1
News
Release
FOR
IMMEDIATE RELEASE
Media:
Investor Relations:
February 17,
2025
Kevin Gundersen
Ivan Marcuse
The
Woodlands, TX
(281) 719-4627
(281) 719-4637
NYSE:
HUN
Huntsman Announces Fourth Quarter 2024 Earnings
Fourth Quarter Highlights
• Fourth quarter 2024 net loss attributable to Huntsman 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 Huntsman
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.
Three months ended
Twelve months ended
December 31,
December 31,
In millions, except per share amounts
2024
2023
2024
2023
Revenues
$ 1,452
$ 1,403
$ 6,036
$ 6,111
Net (loss) income attributable to Huntsman Corporation
$ (141 )
$ (71 )
$ (189 )
$ 101
Adjusted net (loss) income (1)
$ (43 )
$ (36 )
$ (13 )
$ 67
Diluted (loss) income per share
$ (0.82 )
$ (0.41 )
$ (1.10 )
$ 0.57
Adjusted diluted (loss) income per share (1)
$ (0.25 )
$ (0.21 )
$ (0.08 )
$ 0.37
Adjusted EBITDA (1)
$ 71
$ 44
$ 414
$ 472
Net cash provided by operating activities from continuing operations
$ 159
$ 166
$ 285
$ 251
Free cash flow from continuing operations (2)
$ 108
$ 83
$ 101
$ 21
See end of press release for footnote explanations and reconciliations of non-GAAP measures.
THE WOODLANDS, Texas – Huntsman Corporation (NYSE: HUN)
today reported fourth quarter 2024 results with revenues of $1,452 million, net loss attributable to Huntsman of $141 million, adjusted
net loss attributable to Huntsman of $43 million and adjusted EBITDA of $71 million.
Peter R. Huntsman, 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.
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. Average 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.
- 2 -
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.
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. During 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: https://event.choruscall.com/mediaframe/webcast.html?webcastid=Hmr0Y2Vu
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 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
Alembic Materials and Industrials Conference, March 6-7, 2025
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
Twelve months ended
December 31,
December 31,
In millions, except per share amounts
2024
2023
2024
2023
Revenues
$ 1,452
$ 1,403
$ 6,036
$ 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 Huntsman Corporation
$ (141 )
$ (71 )
$ (189 )
$ 101
Adjusted EBITDA (1)
$ 71
$ 44
$ 414
$ 472
Adjusted net (loss) income (1)
$ (43 )
$ (36 )
$ (13 )
$ 67
Basic (loss) income per share
$ (0.82 )
$ (0.41 )
$ (1.10 )
$ 0.57
Diluted (loss) income per share
$ (0.82 )
$ (0.41 )
$ (1.10 )
$ 0.57
Adjusted diluted (loss) income per share (1)
$ (0.25 )
$ (0.21 )
$ (0.08 )
$ 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.
- 4 -
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
$ 970
$ 895
8 %
$ 3,900
$ 3,865
1 %
Performance Products
239
260
(8 )%
1,109
1,178
(6 )%
Advanced Materials
254
251
1 %
1,055
1,092
(3 )%
Total Reportable Segments' Revenues
1,463
1,406
4 %
6,064
6,135
(1 )%
Intersegment Eliminations
(11 )
(3 )
n/m
(28 )
(24 )
n/m
Total Revenues
$ 1,452
$ 1,403
3 %
$ 6,036
$ 6,111
(1 )%
Segment Adjusted EBITDA (1) :
Polyurethanes
$ 50
$ 13
285 %
$ 245
$ 248
(1 )%
Performance Products
23
28
(18 )%
153
201
(24 )%
Advanced Materials
37
38
(3 )%
179
186
(4 )%
Total Reportable Segments' Adjusted EBITDA (1)
110
79
39 %
577
635
(9 )%
Corporate, LIFO and other
(39 )
(35 )
(11 )%
(163 )
(163 )
0 %
Total Adjusted EBITDA (1)
$ 71
$ 44
61 %
$ 414
$ 472
(12 )%
n/m = not meaningful
See end of press release for footnote explanations.
- 5 -
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
(1 )%
0 %
9 %
8 %
Performance Products
3 %
0 %
(11 )%
(8 )%
Advanced Materials
(5 )%
0 %
6 %
1 %
Twelve months ended
December 31, 2024 vs. 2023
Average Selling Price (a)
Local
Exchange
Sales
Currency & Mix
Rate
Volume (b)
Total
Polyurethanes
(7 )%
0 %
8 %
1 %
Performance Products
(7 )%
0 %
1 %
(6 )%
Advanced Materials
(8 )%
0 %
5 %
(3 )%
(a) Excludes sales from tolling arrangements, by-products and raw materials.
(b) Excludes sales from by-products and raw materials.
- 6 -
Table 4 – Reconciliation of U.S. GAAP
to Non-GAAP Measures
Income
Tax
Diluted
(Loss) Income
EBITDA
and
Other Expense
Net
Loss
Per
Share
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
$ (125 )
$ (59 )
$ (125 )
$ (59 )
$ (0.73 )
$ (0.34 )
Net income
attributable to noncontrolling interests
(16 )
(12 )
(16 )
(12 )
(0.09 )
(0.07 )
Net
loss attributable to Huntsman 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 )
$ (29 )
$ 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 )
N/A
N/A
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)
$ 71
$ 44
$ (20 )
$ 7
(43 )
(36 )
$ (0.25 )
$ (0.21 )
Adjusted
income tax expense (benefit) (1)
20
(7 )
Net income
attributable to noncontrolling interests
16
12
Adjusted
pre-tax loss (1)
$ (7 )
$ (31 )
Adjusted
effective tax rate (4)
N/M
23 %
Effective
tax rate
(36 )%
3 %
Income Tax
Net (Loss)
Diluted (Loss) Income
EBITDA
and
Other Expense
Income
Per
Share
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
$ (127 )
$ 153
$ (127 )
$ 153
$ (0.74 )
$ 0.86
Net income attributable
to noncontrolling interests
(62 )
(52 )
(62 )
(52 )
(0.36 )
(0.29 )
Net (loss) income attributable to Huntsman
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
$ (61 )
$ (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)
$ 414
$ 472
$ (59 )
$ (62 )
(13 )
67
$ (0.08 )
$ 0.37
Adjusted income
tax expense (1)
59
62
Net income attributable to noncontrolling interests
62
52
Adjusted
pre-tax income (1)
$ 108
$ 181
Adjusted effective
tax rate (4)
55 %
34 %
Effective tax rate
(156 )%
65 %
N/M = not meaningful
See end of press release for footnote explanations.
- 7 -
Table 5 – Balance Sheets
December 31,
December 31,
In millions
2024
2023
Cash
$ 340
$ 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
$ 7,114
$ 7,248
Accounts payable
$ 770
$ 719
Other current liabilities
470
441
Current portion of debt
325
12
Long-term debt
1,510
1,676
Other noncurrent liabilities
876
922
Huntsman Corporation stockholders’ equity
2,959
3,251
Noncontrolling interests in subsidiaries
204
227
Total liabilities and equity
$ 7,114
$ 7,248
Table 6 – Outstanding Debt
December 31,
December 31,
In millions
2024
2023
Debt:
Revolving credit facility
$ -
$ -
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)
$ 1,495
$ 1,148
See end of press release for footnote explanations.
- 8 -
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
$ 330
$ 496
$ 540
$ 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
$ 340
$ 540
$ 340
$ 540
Free cash flow from continuing operations (2) :
Net cash provided by operating activities from continuing operations
$ 159
$ 166
$ 285
$ 251
Capital expenditures
(51 )
(83 )
(184 )
(230 )
Free cash flow from continuing operations (2)
$ 108
$ 83
$ 101
$ 21
Supplemental cash flow information:
Cash paid for interest
$ (22 )
$ (25 )
$ (77 )
$ (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
$ 79
$ 86
$ 7
$ 103
Inventories
60
92
(77 )
125
Accounts payable
48
(15 )
69
(224 )
Total change in primary working capital
$ 187
$ 163
$ (1 )
$ 4
See end of press release for footnote explanations.
- 9 -
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 twelve months ended December 31, 2024 includes approximately $10 million related to the settlement of
a claim in connection with a commercial dispute.
- 10 -
About Huntsman:
Huntsman 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 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, 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.
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the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.