February 19, 2025 – Huntsman Corporation (NYSE: HUN) recently released its fourth-quarter 2024 financial results, reporting revenues of 1.452billion.Unfortunately,thecompanyincurredanetlossof141 million, with an adjusted net loss reaching 43million.However,adjustedEBITDAremainedatalevelof71 million.
Following the release of the earnings report, Peter R. Huntsman, Chairman, President, and CEO of Huntsman Corporation, stated that the fourth-quarter performance was generally in line with the company’s expectations, with core markets currently experiencing a downturn. Despite achieving a 5% year-on-year increase in quarterly sales and a 6% growth in full-year sales, profit margins did not improve as anticipated.
According to Color Masterbatch Industry News, Huntsman faces a challenging market environment as we enter 2025. The construction and automotive markets, which account for two-thirds of the company’s business portfolio, remain sluggish. In the Chinese market, despite economic challenges, the automotive industry is expected to maintain moderate growth, ensuring relatively stable profitability for the company overall. However, in the European market, high energy costs, burdensome regulatory requirements, and overcapacity have severely impacted the industry.
In the face of these challenges, Huntsman is not sitting idly by. The company plans to actively take measures to reduce costs, including announcing layoffs in its polyurethanes division. Additionally, Huntsman will evaluate strategic options for its maleic anhydride business in Europe and consider closing some downstream polyurethanes plants. The company remains committed to protecting its balance sheet, focusing on cash flow management, and striving to create a leaner and more competitive organization. This will enable Huntsman to swiftly seize opportunities and maximize operational leverage when market demand begins to show significant improvement.