Huntsman reports Q1 adjusted EPS (6c), consensus (6c)

Reports Q1 revenue $1.47B, consensus $1.47B. Peter Huntsman, Chairman, President, and CEO, commented: “As we expected, the first quarter of 2024 improved sequentially versus the fourth quarter due largely to higher sales volumes and improved margins. We expect these trends to continue into a seasonally stronger second quarter. While overall demand for our products, as well as our margins in Polyurethanes remain below historical averages, we remain confident that we will see both elements improve as our key markets recover over the next several quarters. We are focused on controlling our costs to drive higher returns and cash flow to provide flexibility to invest in the Company for the long-term and return cash to shareholders.”