Huntsman reports Q3 adjusted EPS 15c, consensus 19c

Reports Q3 revenue $1.506B, consensus $1.55B. Peter R. Huntsman, Chairman, President, and CEO, commented, “Between 2020 and 2022 we strengthened our balance sheet through a combination of timely strategic divestitures and improved free cash flow generation. These actions placed us in a strong position to weather the current year of depressed demand and economic uncertainty. Last quarter, we stated that we thought 2023 was going to be a more difficult year than 2020. This has clearly been the case. The Q4 will likely be the most challenging period in recent memory due to a combination of weak demand, pricing pressure, and aggressive customer inventory management.”