Huntsman Corporation recently released its 10-Q report, providing a detailed insight into its financial performance and operations. The company, founded in 1970 and headquartered in The Woodlands, Texas, operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers a range of chemicals, including polyurethane chemicals, while the Performance Products segment manufactures amines and maleic anhydrides. The Advanced Materials segment provides various polymer formulations and thermoset resins. The company's products are used in applications such as adhesives, aerospace, automotive, construction, electronics, and more, and are sold through a network of distributors and agents.
In the 10-Q report, Huntsman Corporation's condensed consolidated results of operations for the three and six months ended June 30, 2025, showed a decrease in revenues compared to the same periods in 2024. For the three months ended June 30, 2025, the company reported revenues of $1,458 million, a 7% decrease from the $1,574 million reported in the same period in 2024. Similarly, for the six months ended June 30, 2025, revenues decreased by 6% to $2,868 million from $3,044 million in the same period in 2024.
The gross profit for the three months ended June 30, 2025, was $182 million, representing a 25% decrease from the $243 million reported in the same period in 2024. For the six months ended June 30, 2025, the gross profit decreased by 14% to $383 million from $444 million in the same period in 2024.
Huntsman Corporation reported a net loss of $145 million for the three months ended June 30, 2025, compared to a net income of $38 million in the same period in 2024. For the six months ended June 30, 2025, the company reported a net loss of $134 million, in contrast to a net income of $15 million in the same period in 2024.
The company also provided a reconciliation of net (loss) income to adjusted EBITDA, a non-GAAP financial measure, which showed a decrease of 44% for the three months ended June 30, 2025, and a decrease of 31% for the six months ended June 30, 2025, compared to the same periods in 2024.
Additionally, Huntsman Corporation reported a diluted adjusted net (loss) income per share of $(0.20) for the three months ended June 30, 2025, and $(0.31) for the six months ended June 30, 2025, compared to diluted adjusted net income per share of $0.14 for the three months ended June 30, 2024, and $0.08 for the six months ended June 30, 2024.
Following these announcements, the company's shares moved -4.84%, and are now trading at a price of $9.23. If you want to know more, read the company's complete 10-Q report here.
