Huntsman Corporation Q2 2025 Financial Results

Huntsman Corporation, a global manufacturer and marketer of differentiated and specialty chemicals, has released its financial results for the second quarter of 2025. The company reported a net loss attributable to Huntsman of $158 million, a significant decline from the net income of $22 million in the same period last year. The diluted loss per share was $0.92, compared to a diluted income per share of $0.13 in the prior year period.

Financial Highlights

For the second quarter of 2025, Huntsman reported:

• Revenues of $1,458 million, down from $1,574 million in Q2 2024.
• Adjusted net loss attributable to Huntsman of $34 million, compared to an adjusted net income of $24 million in the prior year period.
• Adjusted EBITDA of $74 million, a decrease from $131 million in Q2 2024.
• Net cash provided by operating activities from continuing operations was $92 million, with free cash flow from continuing operations at $55 million, up from $5 million in the prior year period.

Business and Operational Highlights

The company's performance across its segments showed a decline in revenues and adjusted EBITDA:

• Polyurethanes: Revenues decreased due to lower average selling prices and sales volumes, impacted by less favorable supply and demand dynamics and lower demand in construction-related markets.
• Performance Products: Revenues fell primarily due to lower sales volumes, despite a relatively flat average selling price. The segment faced lower operating rates and softer market conditions.
• Advanced Materials: Revenues declined due to lower average selling prices and sales volumes, with reduced demand in coatings and aerospace markets.

Strategic Initiatives and Corporate Developments

Huntsman has undertaken several strategic initiatives to navigate the challenging market conditions:

• Closure of the European Maleic Anhydride facility in Moers, Germany, and other downstream facilities in Europe and North America.
• Restructuring efforts initiated at the end of 2024 have expanded in 2025, aiming to reduce the global workforce by nearly 10%, with the largest reductions in the European region.
• Capital expenditures for the second quarter of 2025 were $37 million, down from $50 million in the same period of 2024. The company expects to spend between $180 million to $190 million on capital expenditures in 2025.

Management's Perspective

Peter R. Huntsman, Chairman, President, and CEO, commented on the results:

"The second quarter played out largely as expected as lower global construction and industrial activity pressured our volumes. The seasonal uplift in construction demand we typically experience in the second quarter was muted in 2025 and we do not believe that these trends will change in a meaningful way in the third quarter. With our current returns, we have taken decisive actions to reduce costs and restructure, including the closure of our European Maleic Anhydride facility in Moers, Germany as well as other downstream facilities in both Europe and North America. The restructuring that we started at the end of 2024 has expanded in 2025 and will ultimately reduce our global workforce by nearly 10%, with our European region experiencing the largest reduction. Through our cash management activities, we generated positive cash flow during the second quarter. As we have stated in the past, protecting the balance sheet remains a priority in addition to focusing on cash generation as we navigate the Company through the current environment."

Future Outlook

Huntsman has provided guidance for the next reporting period, indicating that the trends observed in the second quarter are expected to continue into the third quarter. The company remains focused on cost reduction, restructuring, and cash generation to navigate the current market environment.

SEC Filing: Huntsman CORP [ HUN ] - 8-K - Jul. 31, 2025