Huntsman Q2 revenue beats analyst expectations on higher volumes and pricing
Huntsman Q2 revenue beats analyst expectations on higher volumes and pricing
Overview
US chemical maker's Q2 revenue rose 14% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beat consensus; adjusted net income was flat vs. year ago loss
Company cites higher volumes and pricing, but notes energy cost headwinds, especially in Europe
Outlook
Huntsman expects 2026 capital expenditures to be approximately $170 mln
Company says rising and volatile energy and crude oil costs, especially in Europe, remain a headwind
Huntsman expects the planned merger with Olin to deliver synergy targets and strengthen financial profile
Result Drivers
HIGHER VOLUMES AND PRICING - Co said increased sales volumes and higher average selling prices across all segments drove revenue growth
INDUSTRIAL DEMAND - Improved industrial demand, including in performance amines and markets such as aerospace, power and automotive, contributed to higher segment sales
COST AND ENERGY HEADWINDS - Rising and volatile energy and crude oil related costs, particularly in Europe, weighed on results; company said price increases and cost reductions were used to offset these pressures
Company press release: ID:nPn278ZNHa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $1.66 bln | $1.61 bln (12 Analysts) |
Q2 Net Loss Attributable |
| $6 mln |
|
Q2 Adjusted EBITDA | Beat | $120 mln | $118.16 mln (12 Analysts) |
Q2 Gross Profit |
| $245 mln |
|
Q2 Operating Income |
| $37 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the diversified chemicals peer group is "buy."
Wall Street's median 12-month price target for Huntsman Corp is $14.00, about 17.1% above its July 29 closing price of $11.96
Reuters Recommended Reads
July 28 - Ashland Q3 profit beats on higher volume, pricing; cuts FY EPS forecast
July 29 - Stepan Q2 net sales rise on surfactant, polymer growth; to cut jobs
July 30 - Syensqo raises profit outlook as materials business returns to growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Huntsman Corp reports results for the quarter ended June 30 - Earnings Summary
Huntsman Q2 revenue beats analyst expectations on higher volumes and pricing
Brief: Huntsman Q2 Revenue USD 1,663 Million Vs. IBES Estimate USD 1,606 Million