Deutsche Bank AG purchased a new stake in shares of Huntsman Corporation (NYSE:HUN – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 637,753 shares of the basic materials company’s stock, valued at approximately $6,773,000. Deutsche Bank AG owned 0.36% of Huntsman as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in Huntsman in the 1st quarter valued at $2,632,000. Empowered Funds LLC raised its stake in shares of Huntsman by 794.1% in the 1st quarter. Empowered Funds LLC now owns 128,864 shares of the basic materials company’s stock valued at $1,715,000 after buying an additional 114,451 shares in the last quarter. Old West Investment Management LLC bought a new position in shares of Huntsman during the 2nd quarter worth about $1,401,000. BNP Paribas Financial Markets lifted its holdings in shares of Huntsman by 236.2% during the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock worth $11,826,000 after acquiring an additional 830,828 shares during the period. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in shares of Huntsman during the 4th quarter valued at about $1,001,000. Institutional investors and hedge funds own 84.81% of the company’s stock.
Analyst Ratings Changes Several research firms recently issued reports on HUN. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group set a $16.00 price objective on Huntsman in a report on Friday, July 31st. The Goldman Sachs Group set a $12.00 price objective on Huntsman in a research note on Thursday, July 16th. Mizuho dropped their target price on Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Finally, Citigroup raised their target price on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.50.
Read Our Latest Research Report on Huntsman Insider Buying and Selling at Huntsman In related news, CEO Peter R. Huntsman bought 100,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the acquisition, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 6.80% of the stock is owned by company insiders.
Huntsman Price Performance Shares of HUN stock opened at $9.61 on Tuesday. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $16.08. The stock has a 50-day moving average price of $11.15 and a 200 day moving average price of $12.64. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -9.24 and a beta of 0.70.
Huntsman Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman’s dividend payout ratio (DPR) is presently -33.65%.
About Huntsman (Free Report)
Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.
The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.
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CLAYTON, Missouri and THE WOODLANDS, Texas, /PRNewswire/ -- Olin Corporation (NYSE: OLN) and Huntsman Corporation (NYSE: HUN) today announced that their respective shareholders have approved the proposals necessary to complete the companies' previously announced all-stock merger of equals.
"We greatly appreciate the strong support of Olin and Huntsman shareholders as we reach this important milestone," said Ken Lane, President and Chief Executive Officer of Olin. "OlinHuntsman Corporation will be a more value-focused chemicals company with a world-scale vertically integrated platform that is better positioned to serve customers across the value chain and deliver resilient financial performance. We are committed to completing the remaining steps to close the transaction, and to delivering long-term value for our shareholders, customers, employees, and communities as one company."
"OlinHuntsman will be better positioned to compete in an increasingly global industry, delivering value, adding products and greater service for customers," said Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman. "We thank our shareholders for the overwhelming support at the special meeting and look forward to completing this combination and getting to work building a global chemicals leader."
Based on preliminary voting results, at the special meeting of Olin shareholders held today, approximately 97% of the votes cast, representing 81% of all outstanding shares, were voted in favor of the consummation of the transaction through a direct merger of Olin and Huntsman. At the special meeting of Huntsman stockholders held today, approximately 99% of the votes cast, representing 75% of all outstanding shares, were voted in favor of the merger based on preliminary voting results.
Based on these preliminary voting results, subject to the satisfaction of other closing conditions, the transaction will proceed through a direct merger of Olin and Huntsman.
The final voting results are subject to certification by the companies' respective independent inspectors of elections and will be reported in separate Current Reports on Form 8-K filed by Olin and Huntsman with the U.S. Securities and Exchange Commission. The transaction is expected to close in the first half of 2027 and remains subject to the receipt of required regulatory approvals and the satisfaction or waiver of other customary closing conditions.
About Olin
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets.
Visit www.olin.com for more information on Olin Corporation.
About Huntsman
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
This communication contains "forward-looking statements". These statements relate to analyses and other information that are based on management's current beliefs, certain assumptions and forecasts made by management, and current expectations, estimates and projections. Such forward-looking statements include statements regarding the proposed combination between Olin and Huntsman, the future results of the combined company and the benefits anticipated to be realized from the proposed combination, the impact of the proposed transaction on the combined company's business, projections as to the amount and timing of synergies and the closing date for the proposed transaction, and other uncertainties and contingencies in connection with the foregoing. The statements contained in this communication that are not statements of historical facts may include "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. We have used the words "anticipate," "intend," "may," "expect," "believe," "should," "plan," "outlook," "project," "estimate," "forecast," "optimistic," "target" and variations of such words and similar expressions in this communication to identify such forward-looking statements.
The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from these forward-looking statements. Risks and uncertainties include, but are not limited to: (i) the risk that the proposed transaction may not achieve some or all of the anticipated benefits and that the proposed transaction may not be completed in a timely manner or at all; (ii) the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the proposed transaction; (iv) the effect of the announcement or pendency of the proposed transaction on Olin's or Huntsman's ability to attract, motivate or retain key executives and associates, their ability to maintain relationships with customers, vendors, service providers and others with whom they do business, or their operating results and business generally; (v) risks related to the proposed transaction diverting management's attention from Olin's and Huntsman's ongoing business operations; (vi) the risk of litigation in connection with the proposed transaction, including resulting expense or delay; (vii) business, industry and operational risks applicable to Olin and/or Huntsman, including (a) sensitivity to economic, business and market conditions in the United States and overseas, including economic instability or a downturn in the sectors served by Olin and/or Huntsman; (b) declines in average selling prices for Olin's and/or Huntsman's products and the supply/demand balance for Olin's and/or Huntsman's products, including the impact of excess industry capacity; (c) unsuccessful execution of Olin's and/or Huntsman's operating models; (d) failure to control costs and inflation impacts or failure to achieve targeted cost reductions; (e) availability of and/or higher-than-expected costs of raw material, energy, transportation, and/or logistics; (f) Olin's and/or Huntsman's reliance on a limited number of suppliers for specified feedstock and services and their reliance on third-party transportation; (g) the occurrence of unexpected manufacturing interruptions and outages, including those occurring as a result of labor disruptions and production hazards; (h) exposure to physical risks associated with climate-related events or increased severity and frequency of severe weather events; (i) the failure or an interruption, including cyber-attacks, of Olin's and/or Huntsman's information technology systems, including risks from the rapid evolution and increased adoption of artificial intelligence technologies that may intensify cybersecurity risks and enable new or augment existing attack techniques and the potential for intellectual property infringement or unintentional disclosure of proprietary or confidential information through artificial intelligence tools; (j) risks associated with Olin's and/or Huntsman's international sales and operations, including economic, political or regulatory changes; (k) weak industry conditions affecting Olin's and/or Huntsman's ability to comply with the financial maintenance covenants in its debt agreements; (l) Olin's and/or Huntsman's indebtedness and debt service obligations; (m) failure to identify, attract, develop, retain and motivate qualified employees throughout the respective organizations and ability to manage executive officer and other key senior management transitions; (n) adverse conditions in the credit and capital markets, limiting or preventing Olin's and/or Huntsman's ability to borrow or raise capital; (o) Olin's and/or Huntsman's inability to complete future acquisitions or joint venture transactions or successfully integrate them into the business; (p) the effects of any declines in global equity markets on asset values and any declines in interest rates or other significant assumptions used to value the liabilities in, and funding of, Olin's and/or Huntsman's pension plans; (q) Olin's and/or Huntsman's long-range plan assumptions not being realized, causing a non-cash impairment charge of long-lived assets; (r) exposure to risks associated with the creditworthiness of Olin's and/or Huntsman's key suppliers, customers and business partners and reductions in demand for their customers' products; (s) failure to develop new products, processes or applications, or failure to keep pace with evolving technological innovations in end-use markets; (t) inability to protect patents and trade secrets or enforce intellectual property rights, particularly in countries where effective intellectual property laws and judicial systems may be unavailable; (u) conflicts, military actions, terrorist attacks, political events, public health crises and general instability, along with increased security regulations, that could adversely affect Olin and/or Huntsman's business; and (v) legal, environmental and regulatory risks, including (a) changes in, or failure to comply with, legislation or government regulations or policies, including changes regarding Olin's and/or Huntsman's ability to manufacture or use certain products and changes within the international markets in which Olin and/or Huntsman operate; (b) new regulations or public policy changes regarding the transportation of hazardous chemicals and the security of chemical manufacturing facilities; (c) unexpected outcomes from legal or regulatory claims and proceedings; (d) costs and other expenditures in excess of those projected for environmental investigation and remediation or other legal proceedings; (e) various risks associated with Olin's Lake City U.S. Army Ammunition Plant contract and performance under other governmental contracts and (f) compliance with data privacy regulations, including the General Data Protection Regulation (GDPR) and other applicable data privacy laws, which could result in substantial fines, penalties and legal liability.
All of Olin's and Huntsman's forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to Olin or Huntsman or that Olin or Huntsman consider immaterial could affect the accuracy of the forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict and many of which are beyond the control of Olin and/or Huntsman. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. A further list and descriptions of these risks, uncertainties, and other factors can be found in Olin's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at the website maintained by the SEC at http://www.sec.gov, https://olin.com or on request from Olin and in Huntsman's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at the website maintained by the SEC at http://www.sec.gov, https://www.huntsman.com or on request from Huntsman. Any forward-looking statement made in this release speaks only as of the date of this communication. Neither Olin nor Huntsman undertake any obligation to update publicly any forward-looking statements, or any other information in this release whether as a result of future events, new information or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.
CLAYTON, Missouri and THE WOODLANDS, Texas, /PRNewswire/ -- Olin Corporation (NYSE: OLN) and Huntsman Corporation (NYSE: HUN) today announced that their respective shareholders have approved the proposals necessary to complete the companies' previously announced all-stock merger of equals.
"We greatly appreciate the strong support of Olin and Huntsman shareholders as we reach this important milestone," said Ken Lane, President and Chief Executive Officer of Olin. "OlinHuntsman Corporation will be a more value-focused chemicals company with a world-scale vertically integrated platform that is better positioned to serve customers across the value chain and deliver resilient financial performance. We are committed to completing the remaining steps to close the transaction, and to delivering long-term value for our shareholders, customers, employees, and communities as one company."
"OlinHuntsman will be better positioned to compete in an increasingly global industry, delivering value, adding products and greater service for customers," said Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman. "We thank our shareholders for the overwhelming support at the special meeting and look forward to completing this combination and getting to work building a global chemicals leader."
Based on preliminary voting results, at the special meeting of Olin shareholders held today, approximately 97% of the votes cast, representing 81% of all outstanding shares, were voted in favor of the consummation of the transaction through a direct merger of Olin and Huntsman. At the special meeting of Huntsman stockholders held today, approximately 99% of the votes cast, representing 75% of all outstanding shares, were voted in favor of the merger based on preliminary voting results.
Based on these preliminary voting results, subject to the satisfaction of other closing conditions, the transaction will proceed through a direct merger of Olin and Huntsman.
The final voting results are subject to certification by the companies' respective independent inspectors of elections and will be reported in separate Current Reports on Form 8-K filed by Olin and Huntsman with the U.S. Securities and Exchange Commission. The transaction is expected to close in the first half of 2027 and remains subject to the receipt of required regulatory approvals and the satisfaction or waiver of other customary closing conditions.
About Olin
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets.
Visit www.olin.com for more information on Olin Corporation.
About Huntsman
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
This communication contains "forward-looking statements". These statements relate to analyses and other information that are based on management's current beliefs, certain assumptions and forecasts made by management, and current expectations, estimates and projections. Such forward-looking statements include statements regarding the proposed combination between Olin and Huntsman, the future results of the combined company and the benefits anticipated to be realized from the proposed combination, the impact of the proposed transaction on the combined company's business, projections as to the amount and timing of synergies and the closing date for the proposed transaction, and other uncertainties and contingencies in connection with the foregoing. The statements contained in this communication that are not statements of historical facts may include "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. We have used the words "anticipate," "intend," "may," "expect," "believe," "should," "plan," "outlook," "project," "estimate," "forecast," "optimistic," "target" and variations of such words and similar expressions in this communication to identify such forward-looking statements.
The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from these forward-looking statements. Risks and uncertainties include, but are not limited to: (i) the risk that the proposed transaction may not achieve some or all of the anticipated benefits and that the proposed transaction may not be completed in a timely manner or at all; (ii) the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the proposed transaction; (iv) the effect of the announcement or pendency of the proposed transaction on Olin's or Huntsman's ability to attract, motivate or retain key executives and associates, their ability to maintain relationships with customers, vendors, service providers and others with whom they do business, or their operating results and business generally; (v) risks related to the proposed transaction diverting management's attention from Olin's and Huntsman's ongoing business operations; (vi) the risk of litigation in connection with the proposed transaction, including resulting expense or delay; (vii) business, industry and operational risks applicable to Olin and/or Huntsman, including (a) sensitivity to economic, business and market conditions in the United States and overseas, including economic instability or a downturn in the sectors served by Olin and/or Huntsman; (b) declines in average selling prices for Olin's and/or Huntsman's products and the supply/demand balance for Olin's and/or Huntsman's products, including the impact of excess industry capacity; (c) unsuccessful execution of Olin's and/or Huntsman's operating models; (d) failure to control costs and inflation impacts or failure to achieve targeted cost reductions; (e) availability of and/or higher-than-expected costs of raw material, energy, transportation, and/or logistics; (f) Olin's and/or Huntsman's reliance on a limited number of suppliers for specified feedstock and services and their reliance on third-party transportation; (g) the occurrence of unexpected manufacturing interruptions and outages, including those occurring as a result of labor disruptions and production hazards; (h) exposure to physical risks associated with climate-related events or increased severity and frequency of severe weather events; (i) the failure or an interruption, including cyber-attacks, of Olin's and/or Huntsman's information technology systems, including risks from the rapid evolution and increased adoption of artificial intelligence technologies that may intensify cybersecurity risks and enable new or augment existing attack techniques and the potential for intellectual property infringement or unintentional disclosure of proprietary or confidential information through artificial intelligence tools; (j) risks associated with Olin's and/or Huntsman's international sales and operations, including economic, political or regulatory changes; (k) weak industry conditions affecting Olin's and/or Huntsman's ability to comply with the financial maintenance covenants in its debt agreements; (l) Olin's and/or Huntsman's indebtedness and debt service obligations; (m) failure to identify, attract, develop, retain and motivate qualified employees throughout the respective organizations and ability to manage executive officer and other key senior management transitions; (n) adverse conditions in the credit and capital markets, limiting or preventing Olin's and/or Huntsman's ability to borrow or raise capital; (o) Olin's and/or Huntsman's inability to complete future acquisitions or joint venture transactions or successfully integrate them into the business; (p) the effects of any declines in global equity markets on asset values and any declines in interest rates or other significant assumptions used to value the liabilities in, and funding of, Olin's and/or Huntsman's pension plans; (q) Olin's and/or Huntsman's long-range plan assumptions not being realized, causing a non-cash impairment charge of long-lived assets; (r) exposure to risks associated with the creditworthiness of Olin's and/or Huntsman's key suppliers, customers and business partners and reductions in demand for their customers' products; (s) failure to develop new products, processes or applications, or failure to keep pace with evolving technological innovations in end-use markets; (t) inability to protect patents and trade secrets or enforce intellectual property rights, particularly in countries where effective intellectual property laws and judicial systems may be unavailable; (u) conflicts, military actions, terrorist attacks, political events, public health crises and general instability, along with increased security regulations, that could adversely affect Olin and/or Huntsman's business; and (v) legal, environmental and regulatory risks, including (a) changes in, or failure to comply with, legislation or government regulations or policies, including changes regarding Olin's and/or Huntsman's ability to manufacture or use certain products and changes within the international markets in which Olin and/or Huntsman operate; (b) new regulations or public policy changes regarding the transportation of hazardous chemicals and the security of chemical manufacturing facilities; (c) unexpected outcomes from legal or regulatory claims and proceedings; (d) costs and other expenditures in excess of those projected for environmental investigation and remediation or other legal proceedings; (e) various risks associated with Olin's Lake City U.S. Army Ammunition Plant contract and performance under other governmental contracts and (f) compliance with data privacy regulations, including the General Data Protection Regulation (GDPR) and other applicable data privacy laws, which could result in substantial fines, penalties and legal liability.
All of Olin's and Huntsman's forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to Olin or Huntsman or that Olin or Huntsman consider immaterial could affect the accuracy of the forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict and many of which are beyond the control of Olin and/or Huntsman. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. A further list and descriptions of these risks, uncertainties, and other factors can be found in Olin's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at the website maintained by the SEC at http://www.sec.gov, https://olin.com or on request from Olin and in Huntsman's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at the website maintained by the SEC at http://www.sec.gov, https://www.huntsman.com or on request from Huntsman. Any forward-looking statement made in this release speaks only as of the date of this communication. Neither Olin nor Huntsman undertake any obligation to update publicly any forward-looking statements, or any other information in this release whether as a result of future events, new information or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.
CONTACT: [email protected]
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Key Takeaways Olin and Huntsman shareholders overwhelmingly approved the all-stock merger of equals.The combined company will have about $12.5B in 2025 revenues and a broader global manufacturing footprint.The merger is expected to deliver over $400M in cost synergies and integration benefits. Olin Corporation (OLN - Free Report) and Huntsman Corporation (HUN - Free Report) have received overwhelming approval from respective shareholders to advance the previously announced all-stock merger of equals to create OlinHuntsman Corporation, establishing a leading North American integrated chemicals producer.
At Olin’s special meeting of shareholders, approximately 97% of votes cast, representing 81% of all outstanding shares, supported the transaction. At Huntsman’s stockholders' meeting, roughly 99% of votes cast, representing 75% of outstanding shares, voted in favor of the transaction.
The approval marks a significant step toward combining Olin’s large-scale chlor-alkali and feedstock capabilities with Huntsman’s specialty downstream products, polyurethane systems and advanced materials businesses. The combined company will have approximately $12.5 billion in 2025 revenues and a broader manufacturing footprint across North America, Europe and Asia.
The merger is expected to deliver more than $400 million in total cost synergies and integration benefits, including more than $300 million from purchasing efficiencies, raw material integration, operational optimization and SG&A savings. An additional $100 million of raw material integration benefits is expected beginning in 2031, while approximately $125 million of cash tax benefits through accelerated utilization of net operating losses is anticipated.
The transaction is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions. The merger will position both companies in a better place to compete in the industry with additional products and enhanced service.
Shares of OLN have lost 25.4% while HUN is down 13.3% over the past year compared with the industry’s 0.8% decline.
Image Source: Zacks Investment Research
Zacks Rank & Key PicksOLN and HUN currently carry a Zacks Rank #3 (Hold) each.
Some better-ranked stocks in the Basic Materials space are Neo Performance Materials Inc. (NOPMF - Free Report) and Carpenter Technology Corporation (CRS - Free Report) .
While NOPMF currently sports a Zacks Rank #1 (Strong Buy), CRS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NOPMF’s 2026 earnings is pinned at $1.4 per share, indicating a 185.71% year-over-year increase. NOPMF’s shares have gained 93% over the past year.
The Zacks Consensus Estimate for CRS’ fiscal 2027 earnings is pegged at $12.92 per share, indicating a rise of 20.07% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.39%.
DuPont’s Electronics Spinoff: The Start of Something BigHuntsman NYSE: HUN stockholders approved the company’s proposed merger agreement with Olin Corporation during a virtual special meeting held in 2026, clearing a key shareholder-vote requirement for the planned business combination.
Peter Huntsman, the company’s chairman, president and chief executive officer, called the special meeting to order shortly after 9:00 a.m. Central Time. He said the meeting was held virtually and that Natalie Herrstrom of American Election Services, LLC, had been appointed as the independent Inspector of Elections.
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Huntsman Aims High, Exceeds TargetsAmy Smedley, Huntsman’s executive vice president, general counsel and secretary, reported that 175,381,417 shares of common stock were outstanding and entitled to vote as of the July 9, 2026, record date. Prior to the meeting, the company had received proxies representing more than 76% of its total shares entitled to vote, establishing a quorum.
Merger Proposal Approved The principal matter before stockholders was the adoption of the agreement and plan of merger dated June 15, 2026, involving Huntsman, Olin Corporation, Olympus Merger Sub, Inc. and Hook Merger Sub LLC. The agreement provides for a business combination between Huntsman and Olin through either a direct merger or a subsidiary merger, along with related transactions.
Huntsman’s board unanimously recommended that stockholders vote in favor of the merger proposal. Approval required an affirmative vote from holders of a majority of Huntsman’s outstanding shares entitled to vote on the matter.
Following the close of voting, Smedley said the independent Inspector of Elections’ preliminary report indicated that stockholders had approved the merger proposal.
Executive Compensation Advisory Vote Also Passes Stockholders also approved, on a non-binding advisory basis, a proposal concerning compensation that may be paid or become payable to Huntsman’s named executive officers based on or otherwise related to the merger.
The board had unanimously recommended approval of that proposal as well. It required approval by a majority of the voting power of capital stock present in person or represented by proxy and entitled to vote at the meeting.
Smedley said the preliminary voting report showed that stockholders approved the merger-related executive compensation proposal.
Adjournment Vote Not Required A third proposal would have authorized one or more adjournments of the special meeting, if necessary or appropriate, including to solicit additional votes or proxies should there have been insufficient support for the merger proposal.
Because the merger proposal was approved, Huntsman did not call a vote on the adjournment proposal, Smedley said.
The company said it would file a Form 8-K with the Securities and Exchange Commission to announce final voting results after receiving the official report from the independent Inspector of Elections.
No shareholder questions, comments or additional business were presented following the formal business portion of the meeting, and Peter Huntsman adjourned the meeting.
About Huntsman (NYSE:HUN)Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.
The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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BlackRock Inc. bought a new position in shares of Huntsman Corporation (NYSE:HUN – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 18,243,856 shares of the basic materials company’s stock, valued at approximately $193,750,000. BlackRock Inc. owned 10.40% of Huntsman as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HUN. Lombard Odier Asset Management USA Corp increased its position in shares of Huntsman by 6.2% in the first quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 982 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Huntsman by 8.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 13,863 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 1,099 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Huntsman by 2.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 44,574 shares of the basic materials company’s stock worth $446,000 after purchasing an additional 1,225 shares during the period. Guggenheim Capital LLC boosted its position in Huntsman by 2.9% during the 4th quarter. Guggenheim Capital LLC now owns 43,022 shares of the basic materials company’s stock worth $430,000 after purchasing an additional 1,226 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Huntsman by 0.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,566 shares of the basic materials company’s stock valued at $4,776,000 after purchasing an additional 1,372 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research analysts have commented on the company. Mizuho reduced their price objective on Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. UBS Group dropped their target price on Huntsman from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Bank of America boosted their price target on Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Jefferies Financial Group set a $16.00 price target on Huntsman in a report on Friday, July 31st. Finally, Royal Bank Of Canada lowered their price objective on shares of Huntsman from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.50.
View Our Latest Stock Report on HUN Insider Buying and Selling at Huntsman In other Huntsman news, CEO Peter R. Huntsman purchased 100,000 shares of Huntsman stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the transaction, the chief executive officer owned 7,256,341 shares in the company, valued at $71,184,705.21. This represents a 1.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.80% of the company’s stock.
Huntsman Stock Performance Shares of Huntsman stock opened at $9.66 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $16.08. The firm’s 50-day simple moving average is $10.97 and its 200-day simple moving average is $12.55. The firm has a market cap of $1.69 billion, a PE ratio of -9.29 and a beta of 0.70.
Huntsman Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 3.6%. Huntsman’s payout ratio is presently -33.65%.
Huntsman Profile (Free Report)
Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.
The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.
Recommended Stories Five stocks we like better than Huntsman Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far? Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Corporation (NYSE:HUN – Free Report).
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Empowered Funds LLC grew its stake in Huntsman Corporation (NYSE:HUN – Free Report) by 794.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,864 shares of the basic materials company’s stock after purchasing an additional 114,451 shares during the quarter. Empowered Funds LLC owned approximately 0.07% of Huntsman worth $1,715,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in Huntsman in the first quarter valued at approximately $2,632,000. BNP Paribas Financial Markets grew its position in Huntsman by 236.2% in the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock worth $11,826,000 after purchasing an additional 830,828 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in shares of Huntsman in the 4th quarter worth approximately $1,001,000. Vanguard Group Inc. boosted its holdings in shares of Huntsman by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock worth $178,809,000 after acquiring an additional 1,523,590 shares during the period. Finally, Pzena Investment Management LLC grew its position in Huntsman by 5.8% during the fourth quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock worth $57,052,000 after buying an additional 311,312 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes A number of equities analysts have commented on HUN shares. Weiss Ratings cut Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. Wall Street Zen upgraded Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group set a $16.00 target price on Huntsman in a report on Friday, July 31st. Citigroup raised their target price on shares of Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company cut their price objective on shares of Huntsman from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.83.
View Our Latest Stock Report on HUN
Insider Activity at Huntsman In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was acquired at an average price of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the purchase, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.80% of the company’s stock.
Huntsman Price Performance Huntsman stock opened at $10.14 on Friday. The company has a fifty day simple moving average of $12.18 and a 200-day simple moving average of $12.75. The stock has a market cap of $1.78 billion, a P/E ratio of -9.75 and a beta of 0.70. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $16.08. The company has a current ratio of 1.33, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59.
Huntsman Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0875 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a yield of 3.5%. Huntsman’s payout ratio is currently -33.65%.
Huntsman Company Profile (Free Report)
Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.
The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.
Further Reading Five stocks we like better than Huntsman Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Corporation (NYSE:HUN – Free Report).
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Key Takeaways HUN posted higher Q2 revenue as sales volumes and pricing improved across all three segments. Huntsman benefited from stronger MDI pricing, higher volumes and cost-optimization efforts. HUN said its planned all-stock merger with Olin is progressing toward an Aug. 25 stockholder vote. Huntsman Corporation’s (HUN - Free Report) second-quarter 2026 loss (as reported) was 3 cents per share, narrower than a loss of 92 cents in the year-ago quarter.
Barring one-time items, HUN posted break-even earnings per share compared with a loss of 20 cents in the year-ago quarter. The Zacks Consensus Estimate of earnings was pegged at 6 cents per share.
Revenues were $1,663 million, up 14% year over year. The top line beat the Zacks Consensus Estimate of $1,546.1 million. HUN benefited from higher sales volumes across all three segments and pricing actions, partly offset by higher raw material costs and continued softness in construction markets.
Huntsman Corporation Price, Consensus and EPS SurpriseHUN’s Q2 Segment HighlightsPolyurethanes: Revenues from the segment increased 16% year over year to $1,079 million. The figure beat our estimate of $980.9 million. The increase was driven by higher average selling prices and sales volumes. MDI prices improved across all three regions on better supply-demand dynamics, while volumes increased in the Americas and Europe.
Performance Products: Revenues rose 5% year over year to $283 million and beat our estimate of $254.5 million. The increase primarily reflected higher sales volumes, particularly in performance amines, along with slightly higher average selling prices. Segment results also benefited from lower fixed costs under the company’s cost-optimization program.
Advanced Materials: Revenues increased 19% year over year to $313 million, surpassing our estimate of $277.9 million. The improvement was driven by higher average selling prices and sales volumes. Pricing benefited from a favorable sales mix and currency movements, while volumes grew across aerospace, power and automotive markets.
HUN’s FinancialsFree cash flow from continuing operations was a use of $90 million against a source of $55 million in the prior-year quarter. The company had around $0.9 billion in combined cash and unused borrowing capacity as of June 30, 2026. Huntsman spent $30 million on capital expenditures compared with $37 million in the prior-year quarter. Net cash used in operating activities from continuing operations was $60 million in the reported quarter.
HUN’s OutlookHuntsman expects to remain focused on additional price increases and cost-reduction initiatives to offset rising and volatile energy and crude oil-related costs, particularly in Europe. The company expects 2026 capital expenditures of approximately $170 million.
The planned all-stock merger of equals with Olin Corporation continues to progress, with the stockholder vote scheduled for Aug. 25, 2026. Management expects the combined company to benefit from vertical integration, greater scale and a stronger financial profile.
HUN’s Stock Price PerformanceShares of Huntsman have gained 9.7% in the past year compared with the Zacks Chemicals Diversified industry’s 6.4% rise.
Image Source: Zacks Investment Research
HUN’s Zacks Rank & Key PicksHUN currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Almonty Industries Inc. (ALM - Free Report) , Neo Performance Materials Inc. (NOPMF - Free Report) and Skeena Resources Limited (SKE - Free Report) .
Almonty is expected to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for ALM’s second-quarter earnings is pegged at 10 cents per share. It carries a Zacks Rank #2 at present.
NOPMF is slated to report second-quarter results on Aug. 11. The Zacks Consensus Estimate for earnings is pegged at 50 cents per share. NOPMF has a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Skeena Resources is expected to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for SKE’s second-quarter loss is pegged at 11 cents per share. It currently carries a Zacks Rank #2.
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Forte Biosciences, Inc. (NASDAQ: FBRX)'s sale to argenx for $77.00 per share in cash. If you are a Forte shareholder, click here to learn more about your rights and options.
Luxfer Holdings PLC (NYSE: LXFR)'s sale to affiliates of Wynnchurch Capital, L.P. for $17.37 per ordinary share in cash. If you are a Luxfer shareholder, click here to learn more about your legal rights and options.
Huntsman Corporation (NYSE: HUN)'s sale to Olin Corporation for 0.5476 shares of Olin for each share of Huntsman. If you are a Huntsman shareholder, click here to learn more about your legal rights and options.
Olin Corporation (NYSE: OLN)'s merger with Huntsman Corporation. Upon closing of the proposed transaction, Olin shareholders will own approximately 54.5% of the combined company. If you are an Olin shareholder, click here to learn more about your rights and options.
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DuPont’s Electronics Spinoff: The Start of Something BigHuntsman NYSE: HUN said it expects relatively stable conditions in the third quarter after improving margins in the second quarter, while management cited subdued demand growth, weaker North American housing indicators and uneven consumer confidence across major regions.
Chairman, CEO and President Peter Huntsman said the company was able to raise prices in its MDI business during the second quarter, largely to recover higher raw-material costs. He said the company’s EBITDA nearly doubled from the second quarter of the prior year, although he remains concerned about the pace of demand recovery.
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Huntsman Aims High, Exceeds Targets“On the supply side, I think it’s pretty well-balanced,” Huntsman said of the MDI market. “On the demand side, I’d like to see a little bit more.” He estimated global demand growth at roughly 0% to 2%, depending on geography, and said stronger North American housing activity, improved Asian consumer confidence and lower energy inflation in Europe would support the market.
Third-Quarter Outlook and Polyurethanes Huntsman described July results and order patterns heading into September as stable. He said the company sees both headwinds and tailwinds entering the third quarter, but that current conditions appear balanced.
In Europe, Huntsman said pricing actions and the company’s cost structure should enable its operations there to be EBITDA-positive in the third quarter. However, he identified European energy costs and consumer demand as the principal risks. Natural gas prices in Europe had increased from roughly $13 to $14 per MMBtu to above $20 per MMBtu over the preceding two to three weeks, he said.
Management estimated global MDI industry capacity utilization in the mid-80% range, with U.S. utilization tighter than that level, Europe somewhat looser and Asia near the global average. Huntsman said industry outages had occurred, but that markets would be tighter if demand were expanding at historical annual rates of 4% to 6%.
The company does not expect significant effects from the return of supply disruptions in the U.S. MDI market during the third quarter. Huntsman said inventory had entered the second quarter at elevated levels in anticipation of a stronger housing season that did not develop as expected, leaving the supply-demand environment relatively flat heading into the third quarter.
Regarding U.S. anti-dumping duties on MDI, Huntsman said the measures should improve the market floor over time compared with a year ago, but cautioned that the benefits would likely emerge over multiple quarters and depend on a recovery in housing and demand. He noted that MDI can still reach the U.S. market indirectly through trade flows involving Canada, Mexico and Latin America.
Huntsman said a competitor’s polyol outage provided a low-$2 million to $3 million benefit during the second quarter. CFO and Executive Vice President Phil Lister said the upstream outages are over and supply is returning to the market in the third quarter.
About 40% of the company’s Polyurethanes contracts are formula-based and extend beyond a quarter, according to Huntsman. Those arrangements typically reopen for negotiation every six to 12 months and are designed to account for movements in benzene, natural gas and other inputs. The company is pursuing surcharges where possible while continuing to honor contractual pricing commitments, he said.
Advanced Materials Growth Management said Advanced Materials volume increased 8% in the second quarter. Huntsman attributed the growth to broad-based improvement across applications, with power-grid infrastructure and aerospace among the stronger areas.
The company is seeing demand for products used in grid modernization, renewable-energy connections and electricity infrastructure supporting artificial intelligence-related investment, Huntsman said. In aerospace, recovery in wide-body aircraft production continues, although build rates for the Boeing 777 and 787 and Airbus A350 remain below 2018 and 2019 levels, he said.
Huntsman also cited growth in aerospace interior parts and adhesives, along with better-than-expected automotive growth supported by newly qualified electric-vehicle applications. Coatings, construction and automotive markets generally are tracking purchasing managers’ indexes, he said.
In Polyurethanes, Huntsman said industrial growth was led largely by its higher-margin Elastomers business, which posted double-digit gains in Asia, Europe and the Americas. The business serves specialty coatings, adhesives and related industrial applications.
The company also reported continued low-double-digit growth in spray foam insulation despite a weak construction market. Huntsman credited supply-chain improvements, cost initiatives and marketing and sales execution in that business.
Olin Merger and Synergy Plans Huntsman reiterated its support for the proposed merger of equals with Olin Corp., announced June 16. Peter Huntsman said the two companies’ teams are collaborating on closing preparations and expect to begin pursuing identified synergies on the first day after closing.
Management has identified approximately $300 million in expected synergies, including about $75 million from purchasing, logistics and integration; roughly $75 million from overlap in the companies’ epoxy operations and related integration; and about $150 million in selling, general and administrative savings.
The company also outlined more than $100 million of additional benefits expected after an existing chlorine supply contract expires. Huntsman said the largest and longest contract in the Americas runs through the end of 2030 and will be honored. Afterward, the combined company expects to internally supply chlorine and capture associated caustic value.
Huntsman said the synergy estimates do not include potential commercial opportunities from combining the companies’ technologies, supply chains and customer relationships. Lister said the company expects some synergies to be realized early after the deal closes through Olin products that can be integrated into Huntsman’s EDC, EPI, LER and caustic requirements.
On leverage, Lister said Huntsman’s net debt was approximately $1.7 billion and its net leverage ratio improved to 5.4 times from 6.1 times in the first quarter. He expects cash inflow during the second half to move leverage closer to four times by year-end.
Looking toward 2027, Lister said projections included moderate improvement in global economic conditions, construction and housing activity, as well as continued gains in Advanced Materials’ power and aerospace businesses. The assumptions do not contemplate housing returning to prior peak levels, he said, but instead reflect a gradual move toward more cycle-average earnings through 2028.
About Huntsman (NYSE:HUN)Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.
The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Huntsman Right Now?Before you consider Huntsman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntsman wasn't on the list.
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Huntsman (HUN - Free Report) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.06. This compares to a loss of $0.2 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -100.00%. A quarter ago, it was expected that this chemical company would post a loss of $0.23 per share when it actually produced a loss of $0.2, delivering a surprise of +13.04%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Huntsman, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $1.66 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.56%. This compares to year-ago revenues of $1.46 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Huntsman shares have added about 19.6% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Huntsman?While Huntsman has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Huntsman was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.06 on $1.53 billion in revenues for the coming quarter and -$0.22 on $5.93 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Diversified is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, LyondellBasell (LYB - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 31.
This oil refiner and chemical company is expected to post quarterly earnings of $3.56 per share in its upcoming report, which represents a year-over-year change of +474.2%. The consensus EPS estimate for the quarter has been revised 21.4% lower over the last 30 days to the current level.
LyondellBasell's revenues are expected to be $8.9 billion, up 16.2% from the year-ago quarter.
For the quarter ended June 2026, Huntsman (HUN - Free Report) reported revenue of $1.66 billion, up 14.1% over the same period last year. EPS came in at $0, compared to -$0.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.55 billion, representing a surprise of +7.56%. The company delivered an EPS surprise of -100%, with the consensus EPS estimate being $0.06.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Huntsman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Local currency & mix - Polyurethanes: 10% versus the three-analyst average estimate of -16.6%.Total - Polyurethanes: 16% compared to the 10.6% average estimate based on two analysts.Sales volume - Performance Products: 3% versus the two-analyst average estimate of -5.1%.Local currency & mix - Performance Products: 1% compared to the -0.6% average estimate based on two analysts.Exchange rate - Advanced Materials: 3% versus the two-analyst average estimate of 2%.Sales volume - Advanced Materials: 8% compared to the 2.3% average estimate based on two analysts.Local currency & mix - Advanced Materials: 8% versus 0.5% estimated by two analysts on average.Total - Advanced Materials: 19% versus the two-analyst average estimate of 7.3%.Revenues- Polyurethanes: $1.08 billion versus the four-analyst average estimate of $998.22 million. The reported number represents a year-over-year change of +15.8%.Revenues- Advanced Materials: $313 million compared to the $275.76 million average estimate based on four analysts. The reported number represents a change of +18.6% year over year.Revenues- Performance Products: $283 million compared to the $260.24 million average estimate based on four analysts. The reported number represents a change of +4.8% year over year.Revenues- Intersegment eliminations: $-12 million versus the three-analyst average estimate of $-13.61 million. The reported number represents a year-over-year change of +50%.View all Key Company Metrics for Huntsman here>>>
Shares of Huntsman have returned +13.4% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Second quarter 2026 net loss attributable to Huntsman of $6 million compared to a net loss of $158 million in the prior year period; second quarter 2026 diluted loss per share of $0.03 compared to diluted loss per share of $0.92 in the prior year period. Second quarter 2026 adjusted net income attributable to Huntsman of nil compared to adjusted net loss of $34 million in the prior year period; second quarter 2026 adjusted diluted income per share of nil compared to adjusted diluted loss per share of $0.20 in the prior year period. Second quarter 2026 adjusted EBITDA of $120 million compared to $74 million in the prior year period. Second quarter 2026 net cash used in operating activities from continuing operations was $60 million. Free cash flow was a use of cash of $90 million for the second quarter 2026 compared to a source of cash of $55 million in the prior year period. On June 16, 2026, we announced that we signed an agreement to complete an all-stock merger of equals with Olin Corporation.
Three months ended
Six months ended
June 30,
June 30,
In millions, except per share amounts
2026
2025
2026
2025
Revenues
$ 1,663
$ 1,458
$ 3,083
$ 2,868
Net loss attributable to Huntsman Corporation
$ (6)
$ (158)
$ (59)
$ (163)
Adjusted net income (loss)(1)
$ -
$ (34)
$ (35)
$ (53)
Diluted loss per share
$ (0.03)
$ (0.92)
$ (0.34)
$ (0.94)
Adjusted diluted income (loss) per share(1)
$ -
$ (0.20)
$ (0.20)
$ (0.31)
Adjusted EBITDA(1)
$ 120
$ 74
$ 193
$ 146
Net cash (used in) provided by operating activities from continuing operations
$ (60)
$ 92
$ (113)
$ 21
Free cash flow(2)
$ (90)
$ 55
$ (181)
$ (52)
See end of press release for footnote explanations and reconciliations of non-GAAP measures.
, /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today reported second quarter 2026 results with revenues of $1,663 million, net loss attributable to Huntsman of $6 million, adjusted net income attributable to Huntsman of nil and adjusted EBITDA of $120 million.
Peter R. Huntsman, Chairman, President, and CEO, commented:
"We delivered a solid quarter, supported by higher volumes across all three segments and pricing actions that offset a significant increase in raw material costs. Improved industrial demand helped counter continued softness in construction. Rising and volatile energy and crude oil related costs, particularly in Europe, remain a headwind, and we will stay focused on additional price increases and cost-reduction initiatives to help offset these pressures.
Our planned merger of equals with Olin Corporation continues to progress at pace. The strong collaboration between our teams reinforces my confidence in our ability to deliver the synergy targets we have outlined. We also expect the combined company to benefit from vertical integration, greater scale, and a stronger financial profile, creating meaningful value for shareholders of both companies. The stockholder vote is scheduled for August 25, 2026, and we are excited about the future of OlinHuntsman."
Segment Analysis for 2Q26 Compared to 2Q25
Polyurethanes
The increase in revenues in our Polyurethanes segment for the three months ended June 30, 2026 compared to the same period of 2025 was primarily due to higher average selling prices and higher sales volumes. MDI average selling prices increased across all three regions due to improved supply and demand dynamics. MDI sales volumes increased in the Americas and Europe regions. The increase in segment adjusted EBITDA was primarily due to higher average selling prices, higher sales volumes, higher equity earnings from our minority-owned joint venture in China and cost savings achieved from our cost optimization program, partially offset by higher raw materials costs.
Performance Products
The increase in revenues in our Performance Products segment for the three months ended June 30, 2026 compared to the same period of 2025 was primarily due to higher sales volumes and slightly higher average selling prices. Sales volumes increased primarily due to favorable demand in our performance amines business. Average selling prices increased primarily due to higher raw materials costs. The increase in segment adjusted EBITDA was primarily due to higher sales volumes and lower fixed costs achieved from our cost optimization program.
Advanced Materials
The increase in revenues in our Advanced Materials segment for the three months ended June 30, 2026 compared to the same period of 2025 was primarily due to higher average selling prices and higher sales volumes. Average selling prices increased primarily due to favorable sales mix and the positive impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes increased primarily in our aerospace, power and automotive markets. The increase in segment adjusted EBITDA was primarily due to higher margins and higher sales volumes.
Liquidity and Capital Resources
During the three months ended June 30, 2026, our free cash flow used was $90 million as compared to a source of cash of $55 million in the same period of 2025. As of June 30, 2026, we had approximately $0.9 billion of combined cash and unused borrowing capacity.
During the three months ended June 30, 2026, we spent $30 million on capital expenditures as compared to $37 million in the same period of 2025. During 2026, we expect capital expenditures to be approximately $170 million.
Income Taxes
In the second quarter of 2026, our effective tax rate was 65% and our adjusted effective tax rate was 61%.
Earnings Conference Call Information
We will hold a conference call to discuss our second quarter 2026 financial results on Friday, July 31, 2026, at 10:00 a.m. ET.
The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman's investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman's website.
Upcoming Conferences
During the third quarter 2026, a member of management is expected to present at:
Seaport Summer Investor Conference, August 18, 2026
UBS Conference, September 9, 2026
Jefferies Industrials Conference, September 10, 2026
Alembic Conference, September 14, 2026
Deutsche Bank Leveraged Finance Conference, September 28, 2026
A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.
Table 1 – Results of Operations
Three months ended
Six months ended
June 30,
June 30,
In millions, except per share amounts
2026
2025
2026
2025
Revenues
$ 1,663
$ 1,458
$ 3,083
$ 2,868
Cost of goods sold
1,418
1,276
2,655
2,485
Gross profit
245
182
428
383
Operating expenses:
Selling, general and administrative
183
160
346
326
Research and development
28
33
57
65
Restructuring, impairment and plant closing costs
9
124
15
125
Gain on sale of business, net
(22)
-
(22)
-
Gain on acquisition of assets, net
-
-
-
(5)
Income associated with litigation matter, net
-
-
-
(33)
Other operating expense (income), net
10
(15)
11
(17)
Total operating expenses
208
302
407
461
Operating income (loss)
37
(120)
21
(78)
Interest expense, net
(23)
(21)
(44)
(40)
Equity in income (loss) of investment in unconsolidated affiliates
5
(2)
10
(1)
Other income, net
7
4
10
7
Income (loss) from continuing operations before income taxes
26
(139)
(3)
(112)
Income tax expense
(17)
(7)
(28)
(22)
Income (loss) from continuing operations
9
(146)
(31)
(134)
(Loss) income from discontinued operations, net of tax
(2)
1
(3)
-
Net income (loss)
7
(145)
(34)
(134)
Net income attributable to noncontrolling interests
(13)
(13)
(25)
(29)
Net loss attributable to Huntsman Corporation
$ (6)
$ (158)
$ (59)
$ (163)
Adjusted EBITDA(1)
$ 120
$ 74
$ 193
$ 146
Adjusted net income (loss)(1)
$ -
$ (34)
$ (35)
$ (53)
Basic loss per share
$ (0.03)
$ (0.92)
$ (0.34)
$ (0.94)
Diluted loss per share
$ (0.03)
$ (0.92)
$ (0.34)
$ (0.94)
Adjusted diluted income (loss) per share(1)
$ -
$ (0.20)
$ (0.20)
$ (0.31)
Common share information:
Basic weighted average shares
173
173
173
172
Diluted weighted average shares
173
173
173
172
Diluted shares for adjusted diluted income (loss) per share
174
173
173
172
See end of press release for footnote explanations.
Table 2 – Results of Operations by Segment
Three months ended
Six months ended
June 30,
Better /
June 30,
Better /
In millions
2026
2025
(worse)
2026
2025
(worse)
Segment revenues:
Polyurethanes
$ 1,079
$ 932
16 %
$ 2,002
$ 1,844
9 %
Performance Products
283
270
5 %
511
527
(3 %)
Advanced Materials
313
264
19 %
592
513
15 %
Total reportable segments' revenues
1,675
1,466
14 %
3,105
2,884
8 %
Intersegment eliminations
(12)
(8)
N/M
(22)
(16)
N/M
Total revenues
$ 1,663
$ 1,458
14 %
$ 3,083
$ 2,868
7 %
Segment adjusted EBITDA(1):
Polyurethanes
$ 66
$ 31
113 %
$ 105
$ 73
44 %
Performance Products
37
32
16 %
63
62
2 %
Advanced Materials
64
45
42 %
109
81
35 %
N/M = not meaningful
See end of press release for footnote explanations.
Table 3 – Factors Impacting Sales Revenue
Three months ended
June 30, 2026 vs. 2025
Average selling price(a)
Local
Exchange
Sales
currency & mix
rate
volume(b)
Total
Polyurethanes
10 %
2 %
4 %
16 %
Performance Products
1 %
1 %
3 %
5 %
Advanced Materials
8 %
3 %
8 %
19 %
Combined segments
8 %
2 %
4 %
14 %
Six months ended
June 30, 2026 vs. 2025
Average selling price(a)
Local
Exchange
Sales
currency & mix
rate
volume(b)
Total
Polyurethanes
2 %
3 %
4 %
9 %
Performance Products
(2 %)
2 %
(3 %)
(3 %)
Advanced Materials
6 %
4 %
5 %
15 %
Combined segments
2 %
3 %
3 %
8 %
(a) Excludes sales from tolling arrangements, by-products and raw materials.
(b) Excludes sales from by-products and raw materials.
Table 4 – Reconciliation of U.S. GAAP to Non-GAAP Measures
Income tax
Net
Diluted income (loss)
EBITDA
and other expense
income (loss)
per share
Three months ended
Three months ended
Three months ended
Three months ended
June 30,
June 30,
June 30,
June 30,
In millions, except per share amounts
2026
2025
2026
2025
2026
2025
2026
2025
Net income (loss)
$ 7
$ (145)
$ 7
$ (145)
$ 0.04
$ (0.84)
Net income attributable to noncontrolling interests
(13)
(13)
(13)
(13)
(0.07)
(0.08)
Net loss attributable to Huntsman Corporation
(6)
(158)
(6)
(158)
(0.03)
(0.92)
Interest expense, net
23
21
Income tax expense
17
7
$ (17)
$ (7)
Income tax expense from discontinued operations
-
1
Depreciation and amortization
77
72
EBITDA / Loss (income) from discontinued operations
2
(2)
N/A
N/A
2
(1)
0.01
(0.01)
Release of significant deferred tax asset valuation allowances
-
-
-
(8)
-
(8)
-
(0.05)
Gain on sale of business/assets, net
(22)
-
-
-
(22)
-
(0.13)
-
Expenses associated with the proposed merger
5
-
-
-
5
-
0.03
-
Certain legal and other settlements and related expenses, net
7
1
-
-
7
1
0.04
0.01
Amortization of pension and postretirement actuarial losses
7
7
(1)
-
6
7
0.03
0.04
Restructuring, impairment and plant closing and transition costs
10
125
(2)
-
8
125
0.05
0.72
Adjusted(1)
$ 120
$ 74
$ (20)
$ (15)
-
(34)
$ -
$ (0.20)
Adjusted income tax expense(1)
20
15
Net income attributable to noncontrolling interests
13
13
Adjusted pre-tax income (loss)(1)
$ 33
$ (6)
Adjusted effective tax rate(3)
61 %
(250 %)
Effective tax rate
65 %
(5 %)
Income tax
Net
Diluted (loss) income
EBITDA
and other expense
loss
per share
Six months ended
Six months ended
Six months ended
Six months ended
June 30,
June 30,
June 30,
June 30,
In millions, except per share amounts
2026
2025
2026
2025
2026
2025
2026
2025
Net loss
$ (34)
$ (134)
$ (34)
$ (134)
$ (0.20)
$ (0.78)
Net income attributable to noncontrolling interests
(25)
(29)
(25)
(29)
(0.14)
(0.17)
Net loss attributable to Huntsman Corporation
(59)
(163)
(59)
(163)
(0.34)
(0.94)
Interest expense, net from continuing operations
44
40
Income tax expense from continuing operations
28
22
$ (28)
$ (22)
Income tax expense from discontinued operations(3)
-
1
Depreciation and amortization from continuing operations
150
141
Business acquisition and integration gain and purchase accounting
inventory adjustments
-
(5)
-
-
-
(5)
-
(0.03)
EBITDA / Loss (income) from discontinued operations(3)
3
(1)
N/A
N/A
3
-
0.02
-
Establishment of significant deferred tax asset valuation allowances,
net
-
-
-
1
-
1
-
0.01
Gain on sale of business/assets, net
(22)
-
-
-
(22)
-
(0.13)
-
Expenses associated with the proposed merger
5
-
-
-
5
-
0.03
-
Loss on early extinguishment of debt
1
-
-
-
1
-
0.01
-
Certain legal and other settlements and related expenses (income), net
11
(32)
-
7
11
(25)
0.06
(0.14)
Amortization of pension and postretirement actuarial losses
14
14
(3)
(2)
11
12
0.06
0.07
Restructuring, impairment and plant closing and transition costs
18
129
(3)
(2)
15
127
0.09
0.74
Adjusted(1)
$ 193
$ 146
$ (34)
$ (18)
(35)
(53)
$ (0.20)
$ (0.31)
Adjusted income tax expense(1)
34
18
Net income attributable to noncontrolling interests
25
29
Adjusted pre-tax income (loss)(1)
$ 24
$ (6)
Adjusted effective tax rate(4)
142 %
(300 %)
Effective tax rate
(933 %)
(20 %)
N/M = not meaningful
N/A = not applicable
Table 5 – Balance Sheets
June 30,
December 31,
In millions
2026
2025
Cash
$ 346
$ 429
Accounts and notes receivable, net
880
677
Inventories
935
818
Prepaid expenses
79
94
Other current assets
38
46
Property, plant and equipment, net
2,408
2,486
Other noncurrent assets
2,504
2,465
Total assets
$ 7,190
$ 7,015
Accounts payable(5)
$ 886
$ 758
Other current liabilities(5)
469
478
Current portion of debt
364
353
Long-term debt
1,723
1,658
Other noncurrent liabilities
819
811
Huntsman Corporation stockholders' equity
2,692
2,750
Noncontrolling interests in subsidiaries
237
207
Total liabilities and equity
$ 7,190
$ 7,015
See end of press release for footnote explanations.
Table 6 – Outstanding Debt
June 30,
December 31,
In millions
2026
2025
Debt:
Revolving credit facility
$ 359
$ 343
Senior notes
1,489
1,488
Amounts outstanding under A/R programs
217
152
Variable interest entities
2
7
Other debt
20
21
Total debt - excluding affiliates
2,087
2,011
Total cash
346
429
Net debt - excluding affiliates(4)
$ 1,741
$ 1,582
See end of press release for footnote explanations.
Table 7 – Summarized Statements of Cash Flows
Three months ended
Six months ended
June 30,
June 30,
In millions
2026
2025
2026
2025
Total cash at beginning of period
$ 369
$ 334
$ 429
$ 340
Net cash (used in) provided by operating activities from continuing operations
(60)
92
(113)
21
Net cash used in operating activities from discontinued operations
-
(1)
-
(4)
Net cash provided by (used in) investing activities
22
(38)
(15)
(32)
Net cash provided by financing activities
13
9
43
69
Effect of exchange rate changes on cash
2
3
2
5
Total cash at end of period
$ 346
$ 399
$ 346
$ 399
Free cash flow(2):
Net cash (used in) provided by operating activities from continuing operations
$ (60)
$ 92
$ (113)
$ 21
Capital expenditures
(30)
(37)
(68)
(73)
Free cash flow from continuing operations(2)
$ (90)
$ 55
$ (181)
$ (52)
Supplemental cash flow information:
Cash paid for interest
$ (38)
$ (36)
$ (43)
$ (44)
Cash paid for income taxes
(10)
(49)
(24)
(61)
Cash paid for restructuring and integration
(16)
(8)
(28)
(11)
Cash paid for pensions
(7)
(8)
(16)
(16)
Depreciation and amortization from continuing operations
77
72
150
141
Change in primary working capital:
Accounts and notes receivable
$ (112)
$ 2
$ (223)
$ (63)
Inventories
(57)
160
(132)
59
Accounts payable(5)
49
(60)
154
(87)
Total change in primary working capital
$ (120)
$ 102
$ (201)
$ (91)
See end of press release for footnote explanations.
Footnotes
(1)
We use adjusted EBITDA to measure the operating performance of our business and for planning and evaluating the performance of our business segments. We provide adjusted net income (loss) because we feel it provides meaningful insight for the investment community into the performance of our business. We believe that net income (loss) is the performance measure calculated and presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") that is most directly comparable to adjusted EBITDA and adjusted net income (loss). Additional information with respect to our use of each of these financial measures follows:
Adjusted EBITDA, adjusted net income (loss) and adjusted diluted income (loss) per share, as used herein, are not necessarily comparable to other similarly titled measures of other companies.
Adjusted EBITDA is computed by eliminating the following from net income (loss): (a) net income attributable to noncontrolling interests; (b) interest expense, net; (c) income taxes; (d) depreciation and amortization; (e) amortization of pension and postretirement actuarial losses; (f) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted EBITDA in Table 4 above.
Adjusted net income (loss) and adjusted diluted income (loss) per share are computed by eliminating the after tax impact of the following items from net income (loss): (a) net income attributable to noncontrolling interests; (b) amortization of pension and postretirement actuarial losses; (c) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted net income (loss) in Table 4 above. The income tax impacts, if any, of each adjusting item represent a ratable allocation of the total difference between the unadjusted tax expense and the total adjusted tax expense, computed without consideration of any adjusting items using a with and without approach.
We may disclose forward-looking adjusted EBITDA because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, net, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted EBITDA represents the forecast net income on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our adjusted EBITDA to differ.
(2)
We believe free cash flow is an important indicator of our liquidity as it measures the amount of cash we generate. Management internally uses free cash flow measure to: (a) evaluate our liquidity, (b) evaluate strategic investments, (c) plan stock buyback and dividend levels and (d) evaluate our ability to incur and service debt. Free cash flow is defined as net cash provided by (used in) operating activities less capital expenditures. Free cash flow is not a defined term under U.S. GAAP, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures.
(3)
We believe the adjusted effective tax rate provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the businesses' operational profitability and that may obscure underlying business results and trends. In our view, effective tax rate is the performance measure calculated and presented in accordance with U.S. GAAP that is most directly comparable to adjusted effective tax rate. The reconciliation of historical adjusted effective tax rate and effective tax rate is set forth in Table 4 above. Please see the reconciliation of our net income to adjusted net income in Table 4 for details regarding the tax impacts of our non-GAAP adjustments.
(4)
Net debt is a measure we use to monitor how much debt we have after taking into account our total cash. We use it as an indicator of our overall financial position, and calculate it by taking our total debt, including the current portion, and subtracting total cash.
(5)
Certain prior period amounts have been reclassified in the condensed consolidated financial statements to conform to current period presentation.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: http://www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, including the planned merger of equals with Olin Corporation, statements about the anticipated benefits of the contemplated transaction, including future expected synergies and cost savings related to the contemplated transaction, the plans, objectives, expectations and intentions of Olin, Huntsman or the combined company business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, uncertainties as to the timing of the contemplated merger; uncertainties as to the approval of Huntsman's stockholders and Olin's shareholders required in connection with the contemplated merger; the possibility that the closing conditions to the contemplated merger may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant a necessary regulatory approval; the effects of disruption caused by the announcement of the contemplated merger making it more difficult to maintain relationships with employees, customers, vendors and other business partners; the risk that stockholder litigation in connection with the contemplated merger may affect the timing or occurrence of the contemplated merger or result in significant costs of defense, indemnification and liability; ability to refinance existing indebtedness of Huntsman in connection with the contemplated merger; other business effects, including the effects of industry, economic or political conditions outside of the control of the parties to the contemplated merger; transaction costs; high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
Additional Information and Where to Find It
This release may be deemed to be solicitation material in respect of the proposed transaction between Olin Corporation ("Olin") and Huntsman Corporation ("Huntsman"). In connection with the proposed transaction, Olin and Huntsman have filed and intend to file relevant materials with the United States Securities and Exchange Commission (the "SEC"), including, among other filings, an Olin registration statement on Form S-4, as filed on July 2, 2026 and as amended on July 10, 2026 (the "Form S-4"), in connection with the proposed issuance of shares of Olin's common stock pursuant to the proposed transaction, which Form S-4 contains a joint proxy statement/prospectus of Olin and Huntsman. The registration statement was declared effective by the SEC on July 13, 2026 and Olin filed a prospectus and each of Olin and Huntsman filed a definitive proxy statement, respectively, and commenced mailing the definitive joint proxy statement/prospectus on July 13, 2026 to each of the shareholders of Olin and stockholders of Huntsman entitled to vote on their respective transaction-related proposals at the respective special meetings. INVESTORS AND STOCKHOLDERS OF OLIN AND HUNTSMAN ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC IN THEIR ENTIRETY, INCLUDING THE REGISTRATION STATEMENT AND THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION, THE PARTIES TO THE PROPOSED TRANSACTION AND ANY SOLICITATION. This release is not a substitute for the registration statement, the definitive joint proxy statement/prospectus or any other document that Olin or Huntsman may file with the SEC and send to their respective shareholders and stockholders in connection with the proposed transaction. Investors and securityholders will be able to obtain free copies of the registration statement and the definitive joint proxy statement/prospectus, as each may be amended or supplemented from time to time, and other relevant documents filed with the SEC by Olin and Huntsman from the SEC's website at http://www.sec.gov, on Olin's website at https://olin.com under the tab "Investors" and under the heading "SEC Filings" and on Huntsman's website at https://www.huntsman.com under the tab "Investors" and under the heading "Financials" and subheading "SEC filings."
Participants in the Solicitation
Olin, Huntsman, their respective directors, executive officers and certain other members of management and employees, under SEC rules, may be deemed to be "participants" in the solicitation of proxies from Olin's shareholders and Huntsman's stockholders in connection with the proposed transaction. Information about Olin's directors and executive officers is set forth in Olin's Proxy Statement on Schedule 14A for its 2026 Annual Meeting of shareholders, which was filed with the SEC on March 20, 2026, its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 20, 2026, its Current Report on Form 8-K, which was filed with the SEC on April 30, 2026, and subsequent statements of changes in beneficial ownership on file with the SEC, including the Initial Statements of Beneficial Ownership on Form 3, Statements of Change in Ownership on Form 4 or Annual Statements of Beneficial Ownership on Form 5 on file with the SEC, including filings made on March 20, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 19, 2026, June 3, 2026 and June 18, 2026. Information about Huntsman's directors and executive officers is set forth in the Huntsman Proxy Statement on Schedule 14A for its 2026 Annual Meeting of stockholders, which was filed with the SEC on March 16, 2026, its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 18, 2026, its Current Report on Form 8-K, which was filed with the SEC since May 1, 2026, and subsequent statements of changes in beneficial ownership on file with the SEC, including the Initial Statement of Beneficial Ownership on Form 3, Statements of Change in Ownership on Form 4 or Annual Statements of Beneficial Ownership on Form 5 on file with the SEC, including filings made on June 3, 2026.
Additional information concerning the interests of potential participants in the solicitation of proxies in connection with the proposed transaction, which may, in some cases, be different than those of Olin's shareholders or Huntsman's stockholders generally, are set forth in the registration statement, the definitive joint proxy statement/prospectus and other relevant materials filed with and to be filed with the SEC relating to the proposed transaction. You may obtain these documents free of charge through the website maintained by the SEC at http://www.sec.gov and from the Olin or Huntsman websites described above.
No Offer or Solicitation
This release does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval in any jurisdiction. It does not constitute a prospectus or prospectus equivalent document. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
, /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that its Board of Directors has declared a $0.0875 per share cash dividend on its common stock. The dividend is payable on September 30, 2026, to stockholders of record as of September 15, 2026.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Wall Street expects a year-over-year increase in earnings on higher revenues when Huntsman (HUN - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis chemical company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +130%.
Revenues are expected to be $1.55 billion, up 6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Huntsman?For Huntsman, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +56.80%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Huntsman will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Huntsman would post a loss of$0.23 per share when it actually produced a loss of -$0.20, delivering a surprise of +13.04%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Huntsman appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Special Meetings of Olin Shareholders and Huntsman Stockholders Scheduled for August 25, 2026
, /PRNewswire/ -- Olin Corporation (NYSE: OLN) ("Olin") and Huntsman Corporation (NYSE: HUN) ("Huntsman") today announced that on July 13, 2026, the U.S. Securities and Exchange Commission declared effective the registration statement on Form S-4 (the "Registration Statement") filed by Olin in connection with the previously announced all-stock merger of equals (the "Transaction") to form a combined company, OlinHuntsman. The companies have also released a supplemental FAQ which contains further details regarding the synergies expected to be achieved from the Transaction. The supplemental FAQ can be found on both Olin's and Huntsman's investor relations websites.
The Transaction will create a leading North American chemicals company and combined with assets in Europe and Asia, OlinHuntsman is expected to generate significant value for shareholders of both companies. Together, Olin and Huntsman will benefit from vertical integration, enhanced scale, scope and expanded chlorine optionality to better serve customers and create value for shareholders across markets and cycles. The combined company is expected to:
Realize more than $400 million of cost synergies and integration benefits, including (1) more than $300 million of annual cost synergies and integration benefits expected to be achieved by the end of year three, with more than 90% of that total expected within the first 24 months following the closing of the Transaction and (2) more than $100 million of additional raw material integration benefits beginning in 2031; Generate revenue synergies through vertical integration by combining complementary upstream and downstream capabilities, including Olin's manufacturing and feedstock capabilities with Huntsman's downstream products and formulation expertise, enabling OlinHuntsman to grow with customers at multiple points in the value chain, utilize lower-cost producer economics to drive value globally, and improve margins and cash flow through a more efficient operating model; Capture value and margin across the full chemical value chain, from upstream inputs like electricity and salt through to downstream products serving aerospace, automotive, electronics, alternative energy, composites, construction and consumer markets; Combine complementary portfolios with an enhanced geographic footprint across the U.S. Gulf Coast, Europe and Asia, enabling OlinHuntsman to capitalize on regional sector dynamics and better serve customers across key markets; Be structurally differentiated within the chemical industry as a low-cost producer with the scale and feedstock positioning to drive stronger profitability and margin improvement across market cycles, creating a more resilient and profitable combined company than either business on a standalone basis; and Improve profitability, earnings and cash flow generation through the cycle, supporting disciplined capital allocation focused on near-term deleveraging, a stable dividend policy and the deployment of future excess cash toward shareholder returns and high-return organic and inorganic growth projects. "Having an effective registration statement on file marks an important milestone in bringing Olin and Huntsman together," said Ken Lane, President and Chief Executive Officer of Olin. "We look forward to continuing to engage with both sets of shareholders to highlight the significant value this transaction will generate, including the greater financial benefits that will be delivered if the transaction is completed as a direct merger. Our teams are working very well together to build momentum toward closing. This underpins our confidence in achieving the significant synergy targets we shared when we announced the transaction, delivering long-term shareholder value across the chemical value chain as one company."
"We are very encouraged by the progress made to advance our proposed merger of equals and are working to complete the transaction as soon as possible, thanks to the hard work and dedication of teams across both companies," said Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman. "The collaboration demonstrated throughout this process will support a successful closing and unlock significant value for both companies and our shareholders."
As disclosed in the definitive joint proxy statement, the companies have also announced the dates for each special meeting of their respective shareholders and stockholders. Olin's special meeting will be held on August 25, 2026 at 8:00 a.m., Central Time, via live webcast at https://register.proxypush.com/OLN, and Huntsman's special meeting will be held on August 25, 2026 at 9:00 a.m., Central Time, via live webcast at https://virtualshareholdermeeting.com/HUN2026SM. Shareholders and stockholders of record, as applicable, as of the close of business on July 9, 2026 are entitled to vote at the respective meeting. Further information about the special meetings and associated voting procedures are contained in the definitive joint proxy statement/prospectus which is a part of the Registration Statement, and Olin shareholders and Huntsman stockholders are encouraged to carefully review such information.
Completion of the Transaction, which is expected to occur in the first half of 2027, is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and approval of the Transaction by both Olin shareholders and Huntsman stockholders.
About Olin
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets.
Visit www.olin.com for more information on Olin Corporation.
About Huntsman
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from its continuing operations. Huntsman's chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. Huntsman operates more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employs approximately 6,000 associates within its continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed transaction between Olin and Huntsman. In connection with the proposed transaction, Olin and Huntsman have filed and intend to file relevant materials with the United States Securities and Exchange Commission (the "SEC"), including, among other filings, an Olin registration statement on Form S-4, as filed on July 2, 2026 and as amended on July 10, 2026 (the "Form S-4"), in connection with the proposed issuance of shares of Olin's common stock pursuant to the proposed transaction, which Form S-4 contains a joint proxy statement/prospectus of Olin and Huntsman. The registration statement was declared effective by the SEC on July 13, 2026 and Olin filed a prospectus and each of Olin and Huntsman filed a definitive proxy statement, respectively, and commenced mailing the definitive joint proxy statement/prospectus on July 13, 2026 to each of the shareholders of Olin and stockholders of Huntsman entitled to vote on their respective transaction-related proposals at the respective special meetings. INVESTORS AND STOCKHOLDERS OF OLIN AND HUNTSMAN ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC IN THEIR ENTIRETY, INCLUDING THE REGISTRATION STATEMENT AND THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION, THE PARTIES TO THE PROPOSED TRANSACTION AND ANY SOLICITATION. This communication is not a substitute for the registration statement, the definitive joint proxy statement/prospectus or any other document that Olin or Huntsman may file with the SEC and send to their respective shareholders and stockholders in connection with the proposed transaction. Investors and securityholders will be able to obtain free copies of the registration statement and the definitive joint proxy statement/prospectus, as each may be amended or supplemented from time to time, and other relevant documents filed with the SEC by Olin and Huntsman from the SEC's website at http://www.sec.gov, on Olin's website at https://olin.com under the tab "Investors" and under the heading "SEC Filings" and on Huntsman's website at https://www.huntsman.com under the tab "Investors" and under the heading "Financials" and subheading "SEC filings."
Participants in the Solicitation
Olin, Huntsman, their respective directors, executive officers and certain other members of management and employees, under SEC rules, may be deemed to be "participants" in the solicitation of proxies from Olin's shareholders and Huntsman's stockholders in connection with the proposed transaction. Information about Olin's directors and executive officers is set forth in Olin's Proxy Statement on Schedule 14A for its 2026 Annual Meeting of shareholders, which was filed with the SEC on March 20, 2026, its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 20, 2026, its Current Report on Form 8-K, which was filed with the SEC on April 30, 2026, and subsequent statements of changes in beneficial ownership on file with the SEC, including the Initial Statements of Beneficial Ownership on Form 3, Statements of Change in Ownership on Form 4 or Annual Statements of Beneficial Ownership on Form 5 on file with the SEC, including filings made on March 20, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 19, 2026, June 3, 2026 and June 18, 2026. Information about Huntsman's directors and executive officers is set forth in the Huntsman Proxy Statement on Schedule 14A for its 2026 Annual Meeting of stockholders, which was filed with the SEC on March 16, 2026, its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 18, 2026, its Current Report on Form 8-K, which was filed with the SEC since May 1, 2026, and subsequent statements of changes in beneficial ownership on file with the SEC, including the Initial Statement of Beneficial Ownership on Form 3, Statements of Change in Ownership on Form 4 or Annual Statements of Beneficial Ownership on Form 5 on file with the SEC, including filings made on June 3, 2026.
Additional information concerning the interests of potential participants in the solicitation of proxies in connection with the proposed transaction, which may, in some cases, be different than those of Olin's shareholders or Huntsman's stockholders generally, are set forth in the registration statement, the definitive joint proxy statement/prospectus and other relevant materials filed with and to be filed with the SEC relating to the proposed transaction. You may obtain these documents free of charge through the website maintained by the SEC at http://www.sec.gov and from the Olin or Huntsman websites described above.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval in any jurisdiction. It does not constitute a prospectus or prospectus equivalent document. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
This communication contains "forward-looking statements". These statements relate to analyses and other information that are based on management's current beliefs, certain assumptions and forecasts made by management, and current expectations, estimates and projections. Such forward-looking statements include statements regarding the proposed combination between Olin and Huntsman, the future results of the combined company and the benefits anticipated to be realized from the proposed combination, the impact of the proposed transaction on the combined company's business, projections as to the amount and timing of synergies and the closing date for the proposed transaction, and other uncertainties and contingencies in connection with the foregoing. The statements contained in this communication that are not statements of historical facts may include "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. We have used the words "anticipate," "intend," "may," "expect," "believe," "should," "plan," "outlook," "project," "estimate," "forecast," "optimistic," "target" and variations of such words and similar expressions in this communication to identify such forward-looking statements.
The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from these forward-looking statements. Risks and uncertainties include, but are not limited to: (i) the risk that the proposed transaction may not achieve some or all of the anticipated benefits and that the proposed transaction may not be completed in a timely manner or at all; (ii) the failure to receive, on a timely basis or otherwise, the required approvals of the proposed transaction by Olin's shareholders or Huntsman's stockholders; (iii) the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (iv) the possibility that competing offers or acquisition proposals may be made; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the proposed transaction; (vi) the effect of the announcement or pendency of the proposed transaction on Olin's or Huntsman's ability to attract, motivate or retain key executives and associates, their ability to maintain relationships with customers, vendors, service providers and others with whom they do business, or their operating results and business generally; (vii) risks related to the proposed transaction diverting management's attention from Olin's and Huntsman's ongoing business operations; (viii) the risk of stockholder litigation in connection with the proposed transaction, including resulting expense or delay; (ix) business, industry and operational risks applicable to Olin and/or Huntsman, including (a) sensitivity to economic, business and market conditions in the United States and overseas, including economic instability or a downturn in the sectors served by Olin and/or Huntsman; (b) declines in average selling prices for Olin's and/or Huntsman's products and the supply/demand balance for Olin's and/or Huntsman's products, including the impact of excess industry capacity; (c) unsuccessful execution of Olin's and/or Huntsman's operating models; (d) failure to control costs and inflation impacts or failure to achieve targeted cost reductions; (e) availability of and/or higher-than-expected costs of raw material, energy, transportation, and/or logistics; (f) Olin's and/or Huntsman's reliance on a limited number of suppliers for specified feedstock and services and their reliance on third-party transportation; (g) the occurrence of unexpected manufacturing interruptions and outages, including those occurring as a result of labor disruptions and production hazards; (h) exposure to physical risks associated with climate-related events or increased severity and frequency of severe weather events; (i) the failure or an interruption, including cyber-attacks, of Olin's and/or Huntsman's information technology systems, including risks from the rapid evolution and increased adoption of artificial intelligence technologies that may intensify cybersecurity risks and enable new or augment existing attack techniques and the potential for intellectual property infringement or unintentional disclosure of proprietary or confidential information through artificial intelligence tools; (j) risks associated with Olin's and/or Huntsman's international sales and operations, including economic, political or regulatory changes; (k) weak industry conditions affecting Olin's and/or Huntsman's ability to comply with the financial maintenance covenants in its debt agreements; (l) Olin's and/or Huntsman's indebtedness and debt service obligations; (m) failure to identify, attract, develop, retain and motivate qualified employees throughout the respective organizations and ability to manage executive officer and other key senior management transitions; (n) adverse conditions in the credit and capital markets, limiting or preventing Olin's and/or Huntsman's ability to borrow or raise capital; (o) Olin's and/or Huntsman's inability to complete future acquisitions or joint venture transactions or successfully integrate them into the business; (p) the effects of any declines in global equity markets on asset values and any declines in interest rates or other significant assumptions used to value the liabilities in, and funding of, Olin's and/or Huntsman's pension plans; (q) Olin's and/or Huntsman's long-range plan assumptions not being realized, causing a non-cash impairment charge of long-lived assets; (r) exposure to risks associated with the creditworthiness of Olin's and/or Huntsman's key suppliers, customers and business partners and reductions in demand for their customers' products; (s) failure to develop new products, processes or applications, or failure to keep pace with evolving technological innovations in end-use markets; (t) inability to protect patents and trade secrets or enforce intellectual property rights, particularly in countries where effective intellectual property laws and judicial systems may be unavailable; (u) conflicts, military actions, terrorist attacks, political events, public health crises and general instability, along with increased security regulations, that could adversely affect Olin and/or Huntsman's business; and (v) legal, environmental and regulatory risks, including (a) changes in, or failure to comply with, legislation or government regulations or policies, including changes regarding Olin's and/or Huntsman's ability to manufacture or use certain products and changes within the international markets in which Olin and/or Huntsman operate; (b) new regulations or public policy changes regarding the transportation of hazardous chemicals and the security of chemical manufacturing facilities; (c) unexpected outcomes from legal or regulatory claims and proceedings; (d) costs and other expenditures in excess of those projected for environmental investigation and remediation or other legal proceedings; (e) various risks associated with Olin's Lake City U.S. Army Ammunition Plant contract and performance under other governmental contracts and (f) compliance with data privacy regulations, including the General Data Protection Regulation (GDPR) and other applicable data privacy laws, which could result in substantial fines, penalties and legal liability.
All of Olin's and Huntsman's forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to Olin or Huntsman or that Olin or Huntsman consider immaterial could affect the accuracy of the forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict and many of which are beyond the control of Olin and/or Huntsman. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. A further list and descriptions of these risks, uncertainties, and other factors can be found in Olin's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at the website maintained by the SEC at http://www.sec.gov, https://olin.com or on request from Olin and in Huntsman's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at the website maintained by the SEC at http://www.sec.gov, https://www.huntsman.com or on request from Huntsman. Any forward-looking statement made in this release speaks only as of the date of this communication. Neither Olin nor Huntsman undertake any obligation to update publicly any forward-looking statements, or any other information in this release whether as a result of future events, new information or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.
Important Note about Combined and Non-GAAP Financial Information
The financial information for the combined businesses of Olin and Huntsman is based on management's estimates, assumptions and projections and has not been prepared in conformance with the applicable requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. This information is provided for illustrative purposes only and should not be considered in isolation from, or as a substitute for, the historical financial statements of Olin or Huntsman. These measures are provided for illustrative purposes and are based on an arithmetic sum of the relevant historical financial measures of Olin and Huntsman. These measures do not reflect what the combined company's financial condition or results of operations would have been had the proposed transaction occurred on or prior to the dates indicated. Various factors could cause actual future results to differ materially from those currently estimated by management, including, but not limited to, the risks described above and in each of Olin's and Huntsman's respective filings with the SEC.
This communication also includes certain financial measures not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"), such as synergies and integration benefits. Non-GAAP financial measures have limitations as an analytical tool and are not meant to be considered in isolation from, or as a substitute for, the comparable GAAP measures. There are limitations to non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items being excluded. Olin and Huntsman caution you not to place undue reliance on these non-GAAP financial measures.
MILWAUKEE, July 02, 2026 (GLOBE NEWSWIRE) -- Ademi LLP is investigating Huntsman (NYSE: HUN) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Olin.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
Huntsman shareholders will receive 0.5476 shares in Olin for every one (1) share of Huntsman. Upon completion of the transaction, Olin shareholders will own approximately 54.5% and Huntsman shareholders will own approximately 45.5% of the combined company.
Huntsman insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Huntsman by imposing a significant penalty if Huntsman accepts a competing bid. We are investigating the conduct of the Huntsman board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) will hold a conference call on Friday, July 31, 2026, at 10:00 a.m. ET to discuss its second quarter 2026 financial results. Following some opening remarks, the call will move into a question and answer session.
The earnings press release, including financial statements and segment information, will be distributed after the market closes on Thursday, July 30, 2026. The earnings slide presentation and prepared remarks will be available at www.huntsman.com/investors after the market closes on Thursday, July 30, 2026.
The conference call will be accessible via the webcast link and Huntsman's investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman's website.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Ademi LLP is investigating Huntsman (NYSE: HUN) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Olin.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
Huntsman shareholders will receive 0.5476 shares in Olin for every one (1) share of Huntsman. Upon completion of the transaction, Olin shareholders will own approximately 54.5% and Huntsman shareholders will own approximately 45.5% of the combined company.
Huntsman insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Huntsman by imposing a significant penalty if Huntsman accepts a competing bid. We are investigating the conduct of the Huntsman board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Key Takeaways Olin and Huntsman agreed to an all-stock merger of equals to form OlinHuntsman in 2027. Over $400M in synergies and integration benefits expected, with most realized within 24 months. Huntsman shareholders will own 45.5% of the combined company after the deal closes. Olin Corporation (OLN - Free Report) and Huntsman Corporation (HUN - Free Report) have inked a definitive agreement to combine in an all-stock merger of equals, creating a new company that will be named OlinHuntsman Corporation. The transaction will establish a leading North American integrated chemical producer, with combined 2025 revenues of approximately $12.5 billion and a broader global manufacturing footprint spanning North America, Europe and Asia.
The merger brings together Olin's large-scale chlor-alkali and feedstock capabilities with Huntsman's specialty downstream products, polyurethane systems and advanced materials businesses. Management expects the combination to create a stronger, more resilient company with enhanced scale, improved cost competitiveness and greater flexibility to serve customers across multiple end markets.
Transaction DetailsPer the deal terms, Huntsman shareholders will receive 0.5476 shares of Olin for each HUN share they own. Following completion of the transaction, existing Olin shareholders are expected to own approximately 54.5% of the combined company, while Huntsman shareholders will hold the remaining 45.5%.
The exchange ratio was determined using the companies' trailing 30-day volume-weighted average share prices as of June 12, 2026. Per Huntsman, the structure provides a premium to Huntsman shareholders while maintaining fairness for Olin investors by reducing the impact of recent market volatility.
The boards of both companies have unanimously approved the deal. The transaction is expected to close in the first half of 2027, subject to shareholder approvals, regulatory clearances and other customary closing conditions.
Benefits of the MergerThe combined company will become a $12 billion-plus North American chemicals leader, supported by a significant manufacturing presence along the U.S. Gulf Coast and additional operations in Europe and Asia.
Olin's Winchester ammunition business will remain a key operating segment within OlinHuntsman, continuing to serve sporting, law enforcement and military customers.
The merger combines Olin's cost-advantaged chlorine, caustic soda and electrochemical unit production capabilities with Huntsman's higher-value downstream formulations and specialty products. This vertical integration is expected to improve operating efficiency, strengthen margins and provide more opportunities to convert low-cost feedstocks into value-added materials.
Olin and Huntsman have identified more than $400 million of total cost synergies and integration benefits. These include more than $300 million of cost synergies from purchasing efficiencies, raw material integration, operational optimization and SG&A savings. Most of these benefits are expected to be realized within 24 months, with full realization anticipated by the end of the third year following the merger. An additional $100 million of raw material integration benefits is expected beginning in 2031. The combined company also expects to generate approximately $125 million of cash tax benefits through the accelerated utilization of net operating losses.
Per Olin’s president and CEO Ken Lane, who will serve as the CEO of OlinHuntsman, the transaction combines Huntsman's differentiated formulations and advanced materials capabilities with Olin's world-scale chemical assets to create a company with greater flexibility, stronger cash generation and the ability to pursue opportunities that neither company could fully capture independently.
Per Huntsman, the merger creates a stronger global competitor capable of delivering greater value to shareholders, customers and employees under the current scenario of increasing globalization, changing trade policies, and evolving supply chains.
Shares of OLN have gained 22.5% while HUN is up 26.1% in the past year compared with the industry’s 10% rise.
Image Source: Zacks Investment Research
Zacks Rank & Key PicksBoth OLN and HUN carry a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Nucor Corporation (NUE - Free Report) and L.B. Foster Company (FSTR - Free Report) . NUE and FSTR carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NUE’s current-year earnings stands at $15.71 per share, implying a 103.8% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average surprise being 8.1%.
The Zacks Consensus Estimate for FSTR’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed thrice, with the average surprise being 3.62%.
, /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Huntsman Corporation (NYSE: HUN) related to its sale to Olin Corporation. Under the terms of the proposed transaction, Huntsman shareholders are expected to receive 0.5476 shares of Olin for each share of Huntsman. Is it a fair deal?
Click here for more info https://monteverdelaw.com/case/huntsman-corporation/. It is free and there is no cost or obligation to you.
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No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.
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Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Huntsman Corporation (NYSE: HUN) to Olin Corporation (NYSE: OLN). Under the terms of the proposed transaction, shareholders of Huntsman will receive 0.5476 shares of Olin for each share of Huntsman that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://ksfcounsel.com/cases/nyse-hun/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
BALA CYNWYD, Pa. , June 19, 2026 (GLOBE NEWSWIRE) -- Brodsky and Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith. com) or Marc Ackerman (mackerman@brodskysmith. com) at 855-576-4847.
Complementary upstream and downstream capabilities to enhance integration and enable the combined company to better create value across cycles, products and regions
$400+ million of identified and actionable cost synergies and integration benefits
Enhanced financial profile and cost position expected to provide greater performance through the cycle, cash flow generation and growth optionality
Ken Lane to serve as Chief Executive Officer and Peter Huntsman to serve as non-executive Chairman of the Board of Directors of the combined company
Joint investor call and webcast scheduled for June 16, 2026 at 8:00 a.m. Eastern Time
, /PRNewswire/ -- Olin Corporation (NYSE: OLN) and Huntsman Corporation (NYSE: HUN) today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals to create a leading North American chemicals company. The transaction is expected to generate significant value for shareholders of both companies, with more than $400 million in total identified cost synergies and integration benefits.
The combined organization, which will be renamed OlinHuntsman Corporation ("OlinHuntsman") following the close of the transaction, will benefit from enhanced scale, scope and expanded chlorine optionality, enabling it to create value across markets and cycles. The vertical integration of Olin and Huntsman's highly complementary upstream and downstream businesses brings together cost-advantaged North American assets and feedstocks with differentiated formulations and high-value advanced materials. From its global manufacturing platform, OlinHuntsman will deliver to diverse and growing end markets including automotive, construction and infrastructure, and industrial applications. OlinHuntsman will have a structurally lower cost position and an expanded ability to convert advantaged Electrochemical Units production into downstream materials, unlocking more opportunities to grow.
"This combination provides a compelling opportunity for Olin and Huntsman to create a more resilient and value-focused chemicals company anchored in North America," said Ken Lane, President and Chief Executive Officer of Olin. "Huntsman has built an impressive portfolio of polyurethane systems, formulation technologies and advanced materials serving technical, application-driven end markets. By integrating those capabilities with Olin's world-scale chemicals assets and operations and identified synergies and benefits, we will create an industry leader with greater flexibility to serve customers across the value chain, generate stronger cash flow across the cycle and pursue opportunities that neither business could fully capture on its own. I'm excited by the opportunity to lead OlinHuntsman and deliver long-term value for our shareholders, customers, employees and communities."
"As our industry continues to globalize, we compete more today against countries, than companies, trade policies and global supply chains than ever before," said Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman. "The opportunities this merger creates enable us to generate greater value for our shareholders, deliver exceptional service and products for our customers and provide greater stability and opportunities for our associates. This merger of equals takes two great companies and creates a much stronger global leader."
Strategic and Financial Rationale
Creates a $12B+ North American Chemicals Leader. Together Olin and Huntsman would have 2025 revenue of approximately $12.5 billion on a combined company basis. Complementary portfolios and enhanced geographic footprint, including a significant presence in the U.S. Gulf Coast, will position OlinHuntsman to capitalize on regional sector dynamics. This, along with its presence in Europe and Asia, will enable it to better serve customers across key markets. Olin's ammunition business, Winchester, will continue to operate as a key business within the combined company, growing its industry-leading brand and deepening its long-term relationships with sporting, law enforcement and military customers. Vertical Integration Improves Cost Position. The transaction will combine Olin's manufacturing and feedstock capabilities, including chlorine and caustic soda, with Huntsman's downstream products and formulation expertise. This platform will enable OlinHuntsman to grow with customers at multiple points in the value chain, utilize lower-cost producer economics to drive value globally and improve margins and cash flow through a more efficient operating model. $400M+ Cost Synergies and Integration Benefits. Olin and Huntsman have identified more than $300 million of cost synergies and integration benefits, with the vast majority realized within 24 months and all expected by the end of year three. These synergies will be driven by purchasing and raw material integration, optimization of operations and SG&A savings. The companies have also identified an additional $100 million of raw material integration benefits starting in 2031. In addition to the $400M+ synergies, OlinHuntsman expects to realize approximately $125 million of cash tax benefits through the acceleration of Net Operating Losses. Enhanced Scale and Disciplined Capital Allocation Drive Shareholder Value. The all-stock merger of equals structure will preserve balance sheet strength, and the combination is expected to improve earnings and cash flow generation through the cycle. OlinHuntsman will prioritize disciplined capital allocation focused on deploying maintenance capital to support safe and reliable operations, a stable dividend policy, near-term deleveraging and the deployment of future excess cash toward shareholder returns and high-return organic and inorganic growth projects. Leadership, Governance and Headquarters
The combined company will benefit from a highly experienced management team and Board of Directors, drawing from both organizations. Upon closing of the transaction, current Olin President and Chief Executive Officer, Ken Lane, will serve as Chief Executive Officer of OlinHuntsman. Current Chairman, President and Chief Executive Officer of Huntsman, Peter Huntsman, will serve as non-executive Chairman of OlinHuntsman's Board of Directors. Current Huntsman Executive Vice President and Chief Financial Officer, Phil Lister, will serve as the Chief Financial Officer of the combined company.
OlinHuntsman's Board of Directors will consist of ten members, with equal representation from Olin and Huntsman, including Peter Huntsman and Ken Lane.
To underscore the commitment to deliver on the identified synergies, Todd Slater, current Senior Vice President and Chief Financial Officer of Olin, will serve as Chief Integration Officer of OlinHuntsman, reporting to the Chief Executive Officer. A Strategic Integration Committee of OlinHuntsman's Board of Directors will oversee the integration and synergy realization.
Upon closing of the transaction, OlinHuntsman will be headquartered in The Woodlands, Texas.
Transaction Details
Under the terms of the agreement, Huntsman shareholders will receive 0.5476 shares in Olin for every one (1) share of Huntsman. Upon completion of the transaction, Olin shareholders will own approximately 54.5% and Huntsman shareholders will own approximately 45.5% of the combined company.
Peter Huntsman further stated, "Ken and I agreed to use an at-the-market exchange ratio using volume-weighted average prices over the trailing 30 days, measured as of the close of June 12, 2026. This delivers a premium to Huntsman's shareholders relative to the historical averages while reflecting current market conditions. It is also equitable for Olin's shareholders, smoothing out share price movements from last week's trading. Looking ahead, our shared focus is on capturing the significant long-term value this transaction creates for both sets of shareholders."
The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in the first half of 2027, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and the approval of Olin's shareholders and Huntsman's shareholders.
Advisors
Lazard is serving as financial advisor to Olin, and Cravath, Swaine & Moore LLP and Sidley Austin LLP are serving as legal counsel.
Citi and Morgan Stanley & Co. LLC are acting as financial advisors to Huntsman and Kirkland & Ellis LLP is serving as legal counsel. David Fox & Co. LLC acted as advisor to Huntsman.
Conference Call and Additional Materials
Olin and Huntsman will host a joint investor conference call today at 8:00 a.m. Eastern Time to discuss the transaction.
The conference call will be available via live webcast on the investor relations section of each company's website at www.olin.com/investors/investors-overview/ and www.huntsman.com/investors, or directly at the following web address:
Associated presentation materials will also be available for viewing on the respective websites prior to the call.
The conference call can also be accessed by dialing:
Participant Toll-Free Number:
800-420-1459
Participant Direct/International Number:
203-518-9861
Conference ID:
OLNHUN
About Olin
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets.
Visit www.olin.com for more information on Olin Corporation.
About Huntsman
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed transaction between Olin Corporation ("Olin") and Huntsman Corporation ("Huntsman"). In connection with the proposed transaction, Olin and Huntsman intend to file relevant materials with the United States Securities and Exchange Commission (the "SEC"), including, among other filings, an Olin registration statement on Form S-4 in connection with the proposed issuance of shares of Olin's common stock pursuant to the proposed transaction, which Form S-4 will include a joint proxy statement/prospectus of Olin and Huntsman, which after the registration statement is declared effective by the SEC, will be mailed to shareholders of Olin and stockholders of Huntsman seeking their approval of their respective transaction-related proposals. INVESTORS AND STOCKHOLDERS OF OLIN AND HUNTSMAN ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC IN THEIR ENTIRETY, INCLUDING THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION, THE PARTIES TO THE PROPOSED TRANSACTION AND ANY SOLICITATION. This communication is not a substitute for the registration statement, the joint proxy statement/prospectus or any other document that Olin or Huntsman may file with the SEC and send to their respective shareholders and stockholders in connection with the proposed transaction. Investors and securityholders will be able to obtain free copies of the registration statement and the joint proxy statement/prospectus, as each may be amended or supplemented from time to time, and other relevant documents filed with the SEC by Olin and Huntsman (when they become available) from the SEC's website at www.sec.gov, on Olin's website at www.olin.com under the tab "Investors" and under the heading "SEC Filings" and on Huntsman's website at www.huntsman.com under the tab "Investors" and under the heading "Financials" and subheading "SEC filings."
Participants in the Solicitation
Olin, Huntsman, their respective directors, executive officers and certain other members of management and employees, under SEC rules, may be deemed to be "participants" in the solicitation of proxies from Olin's shareholders and Huntsman's stockholders in connection with the proposed transaction. Information about Olin's directors and executive officers is set forth in Olin's Proxy Statement on Schedule 14A for its 2026 Annual Meeting of shareholders, which was filed with the SEC on March 20, 2026, its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 20, 2026, its Current Report on Form 8-K, which was filed with the SEC on April 30, 2026, and subsequent statements of changes in beneficial ownership on file with the SEC, including the Initial Statements of Beneficial Ownership on Form 3, Statements of Change in Ownership on Form 4 or Annual Statements of Beneficial Ownership on Form 5 on file with the SEC, including filings made on March 20, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 5, 2026, May 19, 2026 and June 3, 2026. Information about Huntsman's directors and executive officers is set forth in the Huntsman Proxy Statement on Schedule 14A for its 2026 Annual Meeting of stockholders, which was filed with the SEC on March 16, 2026, its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 18, 2026, its Current Report on Form 8-K, which was filed with the SEC since May 1, 2026, and subsequent statements of changes in beneficial ownership on file with the SEC, including the Initial Statement of Beneficial Ownership on Form 3, Statements of Change in Ownership on Form 4 or Annual Statements of Beneficial Ownership on Form 5 on file with the SEC, including filings made on June 3, 2026.
Additional information concerning the interests of potential participants in the solicitation of proxies in connection with the proposed transaction, which may, in some cases, be different than those of Olin's shareholders or Huntsman's stockholders generally, will be set forth in the registration statement, the joint proxy statement/prospectus and other relevant materials to be filed with the SEC relating to the proposed transaction. You may obtain these documents (when they become available) free of charge through the website maintained by the SEC at http://www.sec.gov and from the Olin or Huntsman websites described above.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval in any jurisdiction. It does not constitute a prospectus or prospectus equivalent document. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
This communication contains "forward-looking statements". These statements relate to analyses and other information that are based on management's current beliefs, certain assumptions and forecasts made by management, and current expectations, estimates and projections. Such forward-looking statements include statements regarding the proposed combination between Olin and Huntsman, the future results of the combined company and the benefits anticipated to be realized from the proposed combination, the impact of the proposed transaction on the combined company's business, projections as to the amount and timing of synergies and the closing date for the proposed transaction, and other uncertainties and contingencies in connection with the foregoing. The statements contained in this communication that are not statements of historical facts may include "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. We have used the words "anticipate," "intend," "may," "expect," "believe," "should," "plan," "outlook," "project," "estimate," "forecast," "optimistic," "target" and variations of such words and similar expressions in this communication to identify such forward-looking statements.
The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from these forward-looking statements. Risks and uncertainties include, but are not limited to: (i) the risk that the proposed transaction may not achieve some or all of the anticipated benefits and that the proposed transaction may not be completed in a timely manner or at all; (ii) the failure to receive, on a timely basis or otherwise, the required approvals of the proposed transaction by Olin's shareholders or Huntsman's stockholders; (iii) the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (iv) the possibility that competing offers or acquisition proposals may be made; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the proposed transaction; (vi) the effect of the announcement or pendency of the proposed transaction on Olin's or Huntsman's ability to attract, motivate or retain key executives and associates, their ability to maintain relationships with customers, vendors, service providers and others with whom they do business, or their operating results and business generally; (vii) risks related to the proposed transaction diverting management's attention from Olin's and Huntsman's ongoing business operations; (viii) the risk of stockholder litigation in connection with the proposed transaction, including resulting expense or delay; (ix) business, industry and operational risks applicable to Olin and/or Huntsman, including (a) sensitivity to economic, business and market conditions in the United States and overseas, including economic instability or a downturn in the sectors served by Olin and/or Huntsman; (b) declines in average selling prices for Olin's and/or Huntsman's products and the supply/demand balance for Olin's and/or Huntsman's products, including the impact of excess industry capacity; (c) unsuccessful execution of Olin's and/or Huntsman's operating models; (d) failure to control costs and inflation impacts or failure to achieve targeted cost reductions; (e) availability of and/or higher-than-expected costs of raw material, energy, transportation, and/or logistics; (f) Olin's and/or Huntsman's reliance on a limited number of suppliers for specified feedstock and services and their reliance on third-party transportation; (g) the occurrence of unexpected manufacturing interruptions and outages, including those occurring as a result of labor disruptions and production hazards; (h) exposure to physical risks associated with climate-related events or increased severity and frequency of severe weather events; (i) the failure or an interruption, including cyber-attacks, of Olin's and/or Huntsman's information technology systems, including risks from the rapid evolution and increased adoption of artificial intelligence technologies that may intensify cybersecurity risks and enable new or augment existing attack techniques and the potential for intellectual property infringement or unintentional disclosure of proprietary or confidential information through artificial intelligence tools; (j) risks associated with Olin's and/or Huntsman's international sales and operations, including economic, political or regulatory changes; (k) weak industry conditions affecting Olin's and/or Huntsman's ability to comply with the financial maintenance covenants in its debt agreements; (l) Olin's and/or Huntsman's indebtedness and debt service obligations; (m) failure to identify, attract, develop, retain and motivate qualified employees throughout the respective organizations and ability to manage executive officer and other key senior management transitions; (n) adverse conditions in the credit and capital markets, limiting or preventing Olin's and/or Huntsman's ability to borrow or raise capital; (o) Olin's and/or Huntsman's inability to complete future acquisitions or joint venture transactions or successfully integrate them into the business; (p) the effects of any declines in global equity markets on asset values and any declines in interest rates or other significant assumptions used to value the liabilities in, and funding of, Olin's and/or Huntsman's pension plans; (q) Olin's and/or Huntsman's long-range plan assumptions not being realized, causing a non-cash impairment charge of long-lived assets; (r) exposure to risks associated with the creditworthiness of Olin's and/or Huntsman's key suppliers, customers and business partners and reductions in demand for their customers' products; (s) failure to develop new products, processes or applications, or failure to keep pace with evolving technological innovations in end-use markets; (t) inability to protect patents and trade secrets or enforce intellectual property rights, particularly in countries where effective intellectual property laws and judicial systems may be unavailable; (u) conflicts, military actions, terrorist attacks, political events, public health crises and general instability, along with increased security regulations, that could adversely affect Olin and/or Huntsman's business; and (v) legal, environmental and regulatory risks, including (a) changes in, or failure to comply with, legislation or government regulations or policies, including changes regarding Olin's and/or Huntsman's ability to manufacture or use certain products and changes within the international markets in which Olin and/or Huntsman operate; (b) new regulations or public policy changes regarding the transportation of hazardous chemicals and the security of chemical manufacturing facilities; (c) unexpected outcomes from legal or regulatory claims and proceedings; (d) costs and other expenditures in excess of those projected for environmental investigation and remediation or other legal proceedings; (e) various risks associated with Olin's Lake City U.S. Army Ammunition Plant contract and performance under other governmental contracts and (f) compliance with data privacy regulations, including the General Data Protection Regulation (GDPR) and other applicable data privacy laws, which could result in substantial fines, penalties and legal liability.
All of Olin's and Huntsman's forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to Olin or Huntsman or that Olin or Huntsman consider immaterial could affect the accuracy of the forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict and many of which are beyond the control of Olin and/or Huntsman. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. A further list and descriptions of these risks, uncertainties, and other factors can be found in Olin's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at the website maintained by the SEC at http://www.sec.gov, https://olin.com or on request from Olin and in Huntsman's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other filings, available at the website maintained by the SEC at http://www.sec.gov, https://www.huntsman.com or on request from Huntsman. Any forward-looking statement made in this release speaks only as of the date of this communication. Neither Olin nor Huntsman undertake any obligation to update publicly any forward-looking statements, or any other information in this release whether as a result of future events, new information or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.
Important Note about Combined and Non-GAAP Financial Information
The financial information for the combined businesses of Olin and Huntsman is based on management's estimates, assumptions and projections and has not been prepared in conformance with the applicable requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. This information is provided for illustrative purposes only and should not be considered in isolation from, or as a substitute for, the historical financial statements of Olin or Huntsman. These measures are provided for illustrative purposes and are based on an arithmetic sum of the relevant historical financial measures of Olin and Huntsman. These measures do not reflect what the combined company's financial condition or results of operations would have been had the proposed transaction occurred on or prior to the dates indicated. Various factors could cause actual future results to differ materially from those currently estimated by management, including, but not limited to, the risks described above and in each of Olin's and Huntsman's respective filings with the SEC.
This communication also includes certain financial measures not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"), such as adjusted EBITDA, combined adjusted EBITDA, combined sales, synergies and integration benefits. Non-GAAP financial measures have limitations as an analytical tool and are not meant to be considered in isolation from, or as a substitute for, the comparable GAAP measures. There are limitations to non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items being excluded. Olin and Huntsman caution you not to place undue reliance on these non-GAAP financial measures.
For a definition of Olin's and Huntsman's respective adjusted EBITDA and a reconciliation of adjusted EBITDA to the most comparable GAAP financial measure for 2025, please see Olin's Current Report on Form 8-K filed with the SEC on January 29, 2026 and Huntsman's Current Report on Form 8-K filed with the SEC on February 18, 2026.
U.S. stock futures are moving mixed Tuesday as investors react to updated U.S. and Iran peace deal reports. Optimism surrounding the pending ceasefire and reopening of the Strait of Hormuz helped lift the Dow Jones Industrial Average (DJI) to an intraday record yesterday, with futures today looking to extend these gains, up triple digits. Traders also kept an eye on SpaceX (SPCX), which continued its strong post-IPO rally, while oil prices moved below $80 per barrel for the first time in roughly three months.
Continue reading for more on today's market, including:
Monitoring crosswinds as market volatility continues to ramp up, per Schaeffer's Senior V.P. of Research Todd Salamone. Why Applovin stock looks like a healthy pick for bull traders. Plus, layoffs boost HOOD; Huntsman outlines buyout plans; and Pizza Hut gets sold.
5 Things You Need to Know Today The Cboe Options Exchange saw more than 2.7 million call contracts and 1.5 million put contracts traded on Monday. The single-session equity put/call ratio remained at 0.54, while the 21-day moving average remained at 0.59. Robinhood Markets Inc (NASDAQ:HOOD) added 2% before the bell after announcing plans to reduce its workforce by 10%. HOOD has struggled for most of 2026 and now carries a 13.2% deficit for this time frame. The 200-day moving also average looms overhead, adding pressure to the stock's recent outperformance. Huntsman Corporation (NYSE:HUN) is moving 10% lower in pre-market trading after the company announced plans to join forces with Olin through an all-stock merger. The shares are looking to extend multi-month highs and have added 58.9% year-to-date. Yum! Brands Inc (NYSE:YUM) gained 0.6% ahead of the open after agreeing to sell its Pizza Hut operation to private equity firm LongRange Captial for $2.7 billion. The equity is looking to extend its daily win streak to four, should these gains hold. YUM this past week moved back above the year-to-date breakeven mark. Investors are tuning in for the latest Fed interest rate decision, later this week.
Asian Markets Trade Mixed After BoJ Update Asian markets finished mixed on Tuesday, as investors turned their attention to the U.S.-Iran peace deal. The Bank of Japan (BoJ) lifted its benchmark interest rate to 1%, its highest level since 1995, amid inflation concerns. Japan’s Nikkei inched 0.1% higher, while the South Korean Kospi enjoyed a 2.1% pop. Elsewhere, China’s Shanghai Composite slid 0.1%, while Hong Kong’s Hang Seng fell 1.4%.
European markets are moving higher, looking to extend yesterday’s gains. London’s FTSE 100 last seen up 0.6%, while the French CAC 40 and German DAX rise 0.7% and 0.5%, respectively.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transaction may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Huntsman Corporation (NYSE: HUN) to Olin Corporation for 0.5476 shares of Olin for each share of Huntsman.
Halper Sadeh encourages Huntsman shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether Huntsman and its board of directors violated the federal securities laws and/or breached their fiduciary duties by failing to: (1) obtain the best possible price for Huntsman shareholders; (2) conduct a fair sales process free of any conflicts of interests; and (3) disclose all material information for Huntsman shareholders to evaluate the transaction.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
MONSEY, N.Y., June 16, 2026 (GLOBE NEWSWIRE) -- The Monsey law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Huntsman Corporation (NYSE: HUN) (“Huntsman”) with Olin Corporation (“Olin”) pursuant to which Huntsman shareholders will receive 0.5476 shares in Olin for every one (1) share of Huntsman.
In trading on June 16, 2026, the price of Huntsman shares have fallen over 18% on the news of the merger as of 11:45 A.M. Eastern time.
Huntsman’s stock price is falling because, based on the closing price of Olin of $25.30 as of June 15, 2026, the implied sale price is approximately $13.85 per Huntsman share. This implied sale price is well below the closing price of Huntsman $15.89 per share on June 15, 2026. The implied sale price is also well below the price targets for Huntsman of multiple Wall Street analysts, including:
Patrick Cunningham of Citi ($16.00 target price)Vincent Andrews of Morgan Stanley ($15.00 target price)David Begleiter of Deutsche Bank ($15.00 target price)Duffy Fischer of Goldman Sachs ($15.00 target price) (source: TipRanks)
If you remain a Huntsman shareholder and have concerns about the fairness of the proposed merger, you may contact our firm at the following link to discuss your legal rights at no charge:
Alternatively, you may contact us by phone at 866-833-6245, or via email at [email protected].
“We are investigating whether the Huntsman Board of Directors acted in the best interests of Huntsman shareholders in approving the merger,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the exchange ratio agreed upon is fair to Huntsman shareholders, and whether all material information regarding the transaction has been fully disclosed. We encourage Huntsman stockholders to contact us if they have any concerns.”
About Wohl & Fruchter
Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245 [email protected]
www.wohlfruchter.com
Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Huntsman Corporation (NYSE: HUN) to Olin Corporation for 0.5476 shares of Olin for each share of Huntsman.
Halper Sadeh encourages Huntsman shareholders to click here to learn more about their rights and optionsor contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether Huntsman and its board of directors violated the federal securities laws and/or breached their fiduciary duties by failing to: (1) obtain the best possible price for Huntsman shareholders; (2) conduct a fair sales process free of any conflicts of interests; and (3) disclose all material information for Huntsman shareholders to evaluate the transaction.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260616556764/en/
On June 12, 2026, Huntsman Corp HUN shares rose 4.4% today, bringing the current price to $15.74. Over the past 52 weeks, shares have traded between $7.30 and $15.93, indicating substantial volatility and a notable recovery.
GF Value™ verdict: Current price of $15.74 is 17.7% below GF Value™ of $19.13.GF Score™ of 71/100 indicates the stock is above average in terms of its overall quality and potential.No insider transactions in the last 3 months suggest stability in management's outlook on the company's performance. Is HUN Overvalued or Undervalued? With a current price of $15.74, Huntsman Corp is assessed as undervalued compared to its GF Value™ of $19.13, which represents a margin of safety of 17.7%. The GF Valuation label categorizes Huntsman as "Modestly Undervalued," suggesting that the stock may present an attractive opportunity for investors, provided that the market conditions remain favorable and the company can sustain its growth trajectory. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
The undervaluation signals a potential opportunity for investors to acquire shares at a discount to intrinsic value. However, as with any investment, it is essential to consider the broader economic environment and company-specific risks that could affect future performance.
How Does HUN's Valuation Compare to Its History? Metric Current Historical P/E (TTM) Not available 9.4x (5-Year Median) As there is no available P/E (TTM) data, we cannot directly compare it to the 5-year median P/E of 9.4x or the forward P/E of 2019.0x. However, the absence of P/E data does not negate the GF Value™ assessment, which continues to indicate that Huntsman is undervalued based on intrinsic value calculations.
What Does HUN's GF Score™ Tell Us? Metric Rating GF Score™ 71/100 Financial Strength 4/10 Profitability 6/10 Growth 4/10 Valuation 8/10 Momentum 6/10 The GF Score™ of 71/100 indicates that Huntsman Corp is positioned above average in terms of overall quality. Notably, the strongest aspect is the Valuation rank of 8/10, suggesting that the stock is attractively valued relative to its peers. However, the Financial Strength rank of 4/10 raises concerns about the company's stability and ability to weather economic downturns, which is an area that potential investors should monitor closely.
What Are Insiders Doing with HUN Stock? Over the last three months, there have been no insider transactions reported for Huntsman Corp. This lack of activity suggests that insiders may not see immediate opportunities for buying or selling, which could indicate a level of confidence in the company's current strategy and performance. Insiders typically act on non-public information, and their inactivity can signal stability or a wait-and-see approach in the context of broader market conditions.
What This Means for Investors Based on the GF Value™ analysis, Huntsman Corp is currently undervalued. The stock's price is significantly below its estimated intrinsic value, presenting a potential opportunity for long-term growth. However, investors should remain cautious and consider other factors such as financial strength and market conditions before making investment decisions.
For the complete analysis, visit the Huntsman Corp HUN stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is HUN's GF Score™?
HUN has a GF Score™ of 71/100, indicating that it ranks above average in terms of its overall quality and potential for long-term returns.
Is HUN overvalued or undervalued?
HUN is currently assessed as undervalued, with a GF Value™ of $19.13 compared to its current price of $15.74, indicating a significant margin of safety.
What is HUN's P/E ratio?
The current P/E (TTM) is not available, but the 5-year median P/E is noted at 9.4x, suggesting that HUN may be trading below its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways Huntsman opened an expanded Hungary facility, boosting capacity for key specialty chemical applications.HUN is scaling JEFFCAT catalyst output to meet demand in energy-saving, low-emission products.The upgrade improves flexibility and supports next-gen product development with government backing. Huntsman Corporation (HUN - Free Report) celebrated the grand opening of its expanded Performance Products manufacturing facility in Petfurdo, Hungary. The site had begun its operations earlier this year. With the successful completion of this expansion, the company’s global production capacity stands enhanced with innovative technologies for the polyurethane, coatings, metalworking and electronics industries.
As Huntsman experiences JEFFCAT amine catalysts’ demand growth, this investment in its product portfolio supports industry efforts to save energy, lower emissions, and reduce odors in consumer products. The specialty chemicals are widely used in applications such as automobile seats, mattresses and energy-efficient building insulation. The investment is built on HUN’s legacy of commitment to sustainability, operational excellence and long-term value creation.
The upgraded facility improves manufacturing flexibility and enables the development of next-generation products, positioning the company to respond with speed, innovation and reliability. The project received support from the Hungarian government as a strong partnership to boost regional growth, highlighting the confidence of the community.
HUN’s stock has lost 26.8% over the past year compared with the industry’s 4.8% decline.
Image Source: Zacks Investment Research
HUN’s Zacks Rank & Key PicksHUN currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Agnico Eagle Mines Limited (AEM - Free Report) , Compañía de Minas Buenaventura S.A.A. (BVN - Free Report) and Balchem Corporation (BCPC - Free Report) .
While AEM and BVN sport a Zacks Rank #1 (Strong Buy) each at present, BCPC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AEM’s 2026 earnings is pegged at $13.28 per share, indicating a rise of 60.39% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 10.77%. AEM’s shares have soared 86% over the past year.
The Zacks Consensus Estimate for BVN’s 2026 earnings is pinned at $3.88 per share, indicating a 17.58% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 80.4%. BVN’s shares have jumped 119.4% over the past year.
The Zacks Consensus Estimate for BCPC’s 2026 earnings is pinned at $5.47 per share, indicating a 6.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the four trailing quarters, while missing it in the remaining two.
A month has gone by since the last earnings report for Huntsman (HUN - Free Report) . Shares have lost about 10.8% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Huntsman due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Huntsman’s Q4 Earnings Miss, Sales Top Estimates Amid Pricing PressureHuntsman’s fourth-quarter 2025 loss (as reported) was 56 cents per share, narrower than a loss of 82 cents in the year-ago quarter.
Barring one-time items, adjusted loss per share was 37 cents compared with a loss of 25 cents in the year-ago quarter. It was wider than the Zacks Consensus Estimate of a loss of 29 cents.
Revenues were $1,355 million, down around 7% year over year. The top line beat the Zacks Consensus Estimate of $1,327.9 million. Huntsman saw volume pressure in the quarter, along with lower pricing in some parts of its portfolio.
Segment HighlightsPolyurethanes: Revenues from the segment fell 8% year over year to $897 million. The figure beat our estimate of $883 million. The downside was due to lower average selling prices, partly masked by higher sales volumes. MDI selling prices fell mainly due to less favorable supply and demand dynamics.
Performance Products: Revenues moved down 6% to $224 million, which was below our estimate of $225.7 million. The decrease was mainly caused by lower sales prices. Sales volumes were relatively stable.
Advanced Materials: Revenues from the unit decreased 4% to $243 million and missed our estimate of $264.6 million. The decrease was primarily due to lower sales volumes, partially offset by higher average selling prices. Sales volumes decreased in infrastructure coatings and general industry segments due to soft demand.
FinancialsFree cash flow from continuing operations was $20 million as compared to $108 million in the prior-year quarter. The company had around $1.3 billion in combined cash and unused borrowing capacity as of Dec. 31, 2025.
Huntsman spent $57 million on capital expenditures from continuing operations compared with $51 million in the prior-year quarter.
Net cash provided by operating activities from continuing operations was $77 million in the reported quarter.
OutlookFor the first quarter of 2026, adjusted EBITDA for Polyurethanes is anticipated in the roughly $25 million to $40 million range, Performance Products in about $20 million to $30 million, and Advanced Materials in about the $38 million to $42 million range, reflecting continued challenging market conditions and seasonal softness as well as benefits from cost savings actions underway into 2026. The company also highlighted ongoing inventory alignment and cost savings programs that are expected to further support cash flow and operational resilience throughout the year.
How Have Estimates Been Moving Since Then?It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted -64.43% due to these changes.
VGM ScoresCurrently, Huntsman has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Huntsman has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Huntsman Corporation (NYSE: HUN - Get Free Report)'s share price fell 6.7% during mid-day trading on Friday. The stock traded as low as $10.76 and last traded at $10.7360. 1,145,207 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 6,525,580 shares. The stock had previously closed at $11.51.
, /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) will hold a conference call on Friday, May 1, 2026, at 10:00 a.m. ET to discuss its first quarter 2026 financial results. Following some opening remarks, the call will move into a question and answer session.
The earnings press release, including financial statements and segment information, will be distributed after the market closes on Thursday, April 30, 2026. The earnings slide presentation and prepared remarks will be available at www.huntsman.com/investors after the market closes on Thursday, April 30, 2026.
The conference call will be accessible via the webcast link and Huntsman's investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman's website.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Shares of Huntsman Corporation (NYSE:HUN – Get Free Report) have earned an average rating of “Reduce” from the fourteen research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.4091.
Several research firms have recently issued reports on HUN. The Goldman Sachs Group reiterated a “sell” rating and issued a $13.00 price objective on shares of Huntsman in a report on Friday, February 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a report on Thursday, January 22nd. Mizuho increased their price objective on shares of Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Wednesday, February 18th. Wells Fargo & Company increased their target price on shares of Huntsman from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada increased their target price on shares of Huntsman from $13.00 to $14.00 and gave the company a “sector perform” rating in a research note on Thursday, February 19th.
Read Our Latest Report on Huntsman
Institutional Trading of Huntsman Several institutional investors and hedge funds have recently added to or reduced their stakes in HUN. Strategic Advocates LLC acquired a new stake in Huntsman during the third quarter valued at approximately $27,000. SJS Investment Consulting Inc. acquired a new stake in shares of Huntsman during the third quarter valued at approximately $33,000. GAMMA Investing LLC raised its holdings in shares of Huntsman by 104.9% during the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 2,015 shares during the period. Strengthening Families & Communities LLC raised its holdings in shares of Huntsman by 2,182.0% during the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 4,124 shares during the period. Finally, Bayforest Capital Ltd raised its holdings in shares of Huntsman by 986.0% during the third quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 5,906 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.
Huntsman Trading Up 5.5% Huntsman stock opened at $13.23 on Wednesday. The firm has a 50 day simple moving average of $12.45 and a 200-day simple moving average of $10.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.78. The stock has a market capitalization of $2.30 billion, a PE ratio of -8.07 and a beta of 0.59. Huntsman has a 12-month low of $7.30 and a 12-month high of $14.38.
Huntsman (NYSE:HUN – Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.08). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The company’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.25) earnings per share. As a group, equities research analysts expect that Huntsman will post 0.32 EPS for the current fiscal year.
Huntsman Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a dividend of $0.0875 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.35 annualized dividend and a yield of 2.6%. Huntsman’s dividend payout ratio is currently -21.34%.
About Huntsman (Get Free Report)
Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.
The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.
Further Reading Five stocks we like better than Huntsman
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Huntsman Corporation (NYSE:HUN – Get Free Report) saw some unusual options trading activity on Friday. Traders acquired 43,280 put options on the stock. This represents an increase of 457% compared to the average volume of 7,777 put options.
Huntsman Trading Down 2.9% NYSE:HUN opened at $13.35 on Friday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -8.14 and a beta of 0.59. Huntsman has a one year low of $7.30 and a one year high of $14.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.30. The business’s 50-day simple moving average is $12.67 and its 200 day simple moving average is $10.85.
Huntsman (NYSE:HUN – Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.08). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. Huntsman’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.25) EPS. As a group, sell-side analysts predict that Huntsman will post 0.32 earnings per share for the current fiscal year.
Huntsman Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, March 13th. Huntsman’s dividend payout ratio (DPR) is currently -21.34%.
Wall Street Analysts Forecast Growth HUN has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $13.00 price objective on shares of Huntsman in a research report on Friday, February 20th. Wall Street Zen raised Huntsman from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Mizuho increased their target price on shares of Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Wednesday, February 18th. Alembic Global Advisors raised shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company increased their target price on shares of Huntsman from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $12.41.
Get Our Latest Stock Report on HUN
Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in HUN. Evolve Private Wealth LLC lifted its holdings in Huntsman by 43.9% during the 1st quarter. Evolve Private Wealth LLC now owns 19,164 shares of the basic materials company’s stock worth $255,000 after buying an additional 5,848 shares during the last quarter. Diversified Trust Co raised its position in shares of Huntsman by 43.3% during the 1st quarter. Diversified Trust Co now owns 81,204 shares of the basic materials company’s stock valued at $1,081,000 after acquiring an additional 24,521 shares in the last quarter. Corient Private Wealth LLC bought a new position in Huntsman during the fourth quarter worth $540,000. Hsbc Holdings PLC lifted its stake in Huntsman by 12.3% during the fourth quarter. Hsbc Holdings PLC now owns 157,782 shares of the basic materials company’s stock worth $1,589,000 after purchasing an additional 17,320 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new position in Huntsman in the fourth quarter worth $140,000. 84.81% of the stock is owned by institutional investors and hedge funds.
Huntsman Company Profile (Get Free Report)
Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.
The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.
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Huntsman (NYSE:HUN – Get Free Report) and Air Products and Chemicals (NYSE:APD – Get Free Report) are both basic materials companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, valuation, risk and earnings.
Profitability This table compares Huntsman and Air Products and Chemicals’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Huntsman -5.00% -3.97% -1.70% Air Products and Chemicals -2.73% 15.77% 6.75% Valuation and Earnings This table compares Huntsman and Air Products and Chemicals”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Huntsman $5.68 billion 0.41 -$284.00 million ($1.64) -8.14 Air Products and Chemicals $12.04 billion 5.39 -$394.50 million ($1.51) -193.07 Huntsman has higher earnings, but lower revenue than Air Products and Chemicals. Air Products and Chemicals is trading at a lower price-to-earnings ratio than Huntsman, indicating that it is currently the more affordable of the two stocks.
Dividends Huntsman pays an annual dividend of $0.35 per share and has a dividend yield of 2.6%. Air Products and Chemicals pays an annual dividend of $7.24 per share and has a dividend yield of 2.5%. Huntsman pays out -21.3% of its earnings in the form of a dividend. Air Products and Chemicals pays out -479.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Huntsman has increased its dividend for 4 consecutive years and Air Products and Chemicals has increased its dividend for 43 consecutive years.
Institutional & Insider Ownership 84.8% of Huntsman shares are held by institutional investors. Comparatively, 81.7% of Air Products and Chemicals shares are held by institutional investors. 6.8% of Huntsman shares are held by insiders. Comparatively, 1.9% of Air Products and Chemicals shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Risk & Volatility Huntsman has a beta of 0.59, suggesting that its stock price is 41% less volatile than the S&P 500. Comparatively, Air Products and Chemicals has a beta of 0.8, suggesting that its stock price is 20% less volatile than the S&P 500.
Analyst Recommendations This is a summary of current recommendations for Huntsman and Air Products and Chemicals, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Huntsman 4 8 1 1 1.93 Air Products and Chemicals 0 6 10 0 2.63 Huntsman presently has a consensus price target of $12.41, indicating a potential downside of 7.01%. Air Products and Chemicals has a consensus price target of $303.94, indicating a potential upside of 4.25%. Given Air Products and Chemicals’ stronger consensus rating and higher possible upside, analysts clearly believe Air Products and Chemicals is more favorable than Huntsman.
Summary Air Products and Chemicals beats Huntsman on 12 of the 18 factors compared between the two stocks.
About Huntsman (Get Free Report)
Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products. The Performance Products segment manufactures amines, such as polyetheramines, ethyleneamines, DGA Agent, JEFFCAT catalysts, and E-GRADE specialty amines and carbonates; and maleic anhydrides. The Advanced Materials segment offers epoxy, phenoxy, acrylic, polyurethane, and acrylonitrile-butadiene-based polymer formulations; and thermoset resins, curing and toughening agents, and carbon nanomaterials. The company provides pre-and post-sales technical service support to customers. Its products are used in a range of applications, including adhesives, aerospace, automotive, construction products, durable and non-durable consumer products, electronics, insulation, packaging, coatings and construction, power generation, and refining, as well as serves the elastomers, insulation, footwear, furniture, industrial, oil and gas, liquid natural gas transport, printed circuit boards, consumer, appliances, electrical power transmission and distribution, recreational sports equipment, and medical appliances markets. The company sells its products through a network of distributors and agents. Huntsman Corporation was founded in 1970 and is headquartered in The Woodlands, Texas.
About Air Products and Chemicals (Get Free Report)
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.
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Wall Street expects a year-over-year decline in earnings on lower revenues when Huntsman (HUN - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on April 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis chemical company is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of -90.9%.
Revenues are expected to be $1.38 billion, down 2.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 16.13% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Huntsman?For Huntsman, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -8.05%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Huntsman will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Huntsman would post a loss of$0.29 per share when it actually produced a loss of -$0.37, delivering a surprise of -27.59%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Huntsman doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
First quarter 2026 net loss attributable to Huntsman of $53 million compared to a net loss of $5 million in the prior year period; first quarter 2026 diluted loss per share of $0.31 compared to diluted loss per share $0.03 in the prior year period. First quarter 2026 adjusted net loss attributable to Huntsman of $35 million compared to adjusted net loss of $19 million in the prior year period; first quarter 2026 adjusted diluted loss per share of $0.20 compared to adjusted diluted loss per share of $0.11 in the prior year period. First quarter 2026 adjusted EBITDA of $73 million compared to $72 million in the prior year period. First quarter 2026 net cash used in operating activities from continuing operations was $53 million. Free cash flow was a use of cash of $91 million for the first quarter 2026 compared to a use of cash of $107 million in the prior year period.
Three months ended
March 31,
In millions, except per share amounts
2026
2025
Revenues
$ 1,420
$ 1,410
Net loss attributable to Huntsman Corporation
$ (53)
$ (5)
Adjusted net loss(1)
$ (35)
$ (19)
Diluted loss per share
$ (0.31)
$ (0.03)
Adjusted diluted loss per share(1)
$ (0.20)
$ (0.11)
Adjusted EBITDA(1)
$ 73
$ 72
Net cash used in operating activities from continuing operations
$ (53)
$ (71)
Free cash flow(2)
$ (91)
$ (107)
See end of press release for footnote explanations and reconciliations of non-GAAP measures.
, /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today reported first quarter 2026 results with revenues of $1,420 million, net loss attributable to Huntsman of $53 million, adjusted net loss attributable to Huntsman of $35 million and adjusted EBITDA of $73 million.
Peter R. Huntsman, Chairman, President, and CEO, commented:
"The first two months of the first quarter progressed as expected with some early trends of year-on-year volume improvement. In March, the onset of the war in the Middle East introduced significant volatility with a sharp rise in feedstock costs, particularly benzene and European natural gas. We immediately increased prices across all products and regions to ensure margins were protected. Despite the conflict, we did see year on year volume growth of 4% in Polyurethanes including some improvement in Europe, and our Advanced Materials revenues grew over 10% as sales into Aerospace increased. While conditions remain highly unpredictable, we are concentrating on margin improvement, cost reduction and cash flow generation. Looking ahead to the second quarter of 2026, we anticipate a step up in profitability, with an increase in volumes combined with margin expansion resulting from our worldwide pricing initiatives."
Segment Analysis for 1Q26 Compared to 1Q25
Polyurethanes
The increase in revenues in our Polyurethanes segment for the three months ended March 31, 2026 compared to the same period of 2025 was primarily due to higher sales volumes, partially offset by lower average selling prices. Sales volumes increased primarily in the Americas and Europe regions. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics, partially offset by the positive impact of major foreign currency exchange rate movements against the U.S. dollar. The decrease in segment adjusted EBITDA was primarily due to lower margins, partially offset by higher sales volumes, higher equity earnings from our minority-owned joint venture in China and cost savings achieved from our cost optimization program.
Performance Products
The decrease in revenues in our Performance Products segment for the three months ended March 31, 2026 compared to the same period of 2025 was primarily due to lower sales volumes and lower average selling prices. Sales volumes decreased primarily due to the closure of our Moers, Germany maleic anhydride facility announced in May 2025 and lower demand. Average selling prices decreased primarily due to competitive pressures. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes and margins, partially due to shipment disruptions throughout March 2026 at our consolidated joint venture in Saudi Arabia.
Advanced Materials
The increase in revenues in our Advanced Materials segment for the three months ended March 31, 2026 compared to the same period of 2025 was primarily due to higher average selling prices and higher sales volumes. Average selling prices increased primarily due to favorable sales mix and the positive impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes increased primarily in our aerospace, power, and automotive markets. The increase in segment adjusted EBITDA was primarily due to higher sales volumes.
Liquidity and Capital Resources
During the three months ended March 31, 2026, our free cash flow used was $91 million as compared to a use of $107 million in the same period of 2025. As of March 31, 2026, we had approximately $0.9 billion of combined cash and unused borrowing capacity.
During the three months ended March 31, 2026, we spent $38 million on capital expenditures as compared to $36 million in the same period of 2025. During 2026, we expect capital expenditures to be similar with 2025.
Income Taxes
In the first quarter of 2026, our effective tax rate was -38% and our adjusted effective tax rate was not meaningful.
Earnings Conference Call Information
We will hold a conference call to discuss our first quarter 2026 financial results on Friday, May 1, 2026, at 10:00 a.m. ET.
The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman's investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman's website.
Upcoming Conferences
During the second quarter 2026, a member of management is expected to present at:
TPH&Co. Hotter 'N Hell Conference, May 12, 2026
Mizuho Smid Cap Chemicals Conference, June 2, 2026
Deutsche Bank Global Industrials & Materials Conference, June 3, 2026
A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.
Table 1 -- Results of Operations
Three months ended
March 31,
In millions, except per share amounts
2026
2025
Revenues
$ 1,420
$ 1,410
Cost of goods sold
1,237
1,209
Gross profit
183
201
Operating expenses:
Selling, general and administrative
163
166
Research and development
29
32
Restructuring, impairment and plant closing costs
6
1
Gain on acquisition of assets, net
-
(5)
Income associated with litigation matter, net
-
(33)
Other operating expense (income), net
1
(2)
Total operating expenses
199
159
Operating (loss) income
(16)
42
Interest expense, net
(21)
(19)
Equity in income of investment in unconsolidated affiliates
5
1
Other income, net
3
3
(Loss) income from continuing operations before income taxes
(29)
27
Income tax expense
(11)
(15)
(Loss) income from continuing operations
(40)
12
Loss from discontinued operations, net of tax
(1)
(1)
Net (loss) income
(41)
11
Net income attributable to noncontrolling interests
(12)
(16)
Net loss attributable to Huntsman Corporation
$ (53)
$ (5)
Adjusted EBITDA(1)
$ 73
$ 72
Adjusted net loss (1)
$ (35)
$ (19)
Basic loss per share
$ (0.31)
$ (0.03)
Diluted loss per share
$ (0.31)
$ (0.03)
Adjusted diluted loss per share(1)
$ (0.20)
$ (0.11)
Common share information:
Basic weighted average shares
173
172
Diluted weighted average shares
173
172
Diluted shares for adjusted diluted loss per share
173
172
See end of press release for footnote explanations.
Table 2 -- Results of Operations by Segment
Three months ended
March 31,
Better /
In millions
2026
2025
(worse)
Segment revenues:
Polyurethanes
$ 923
$ 912
1 %
Performance Products
228
257
(11 %)
Advanced Materials
279
249
12 %
Total reportable segments' revenues
1,430
1,418
1 %
Intersegment eliminations
(10)
(8)
N/M
Total revenues
$ 1,420
$ 1,410
1 %
Segment adjusted EBITDA(1):
Polyurethanes
$ 39
$ 42
(7 %)
Performance Products
26
30
(13 %)
Advanced Materials
45
36
25 %
N/M = not meaningful
See end of press release for footnote explanations.
Table 3 -- Factors Impacting Sales Revenue
Three months ended
March 31, 2026 vs. 2025
Average selling price(a)
Local
Exchange
Sales
currency & mix
rate
volume(b)
Total
Polyurethanes
(6 %)
3 %
4 %
1 %
Performance Products
(4 %)
2 %
(9 %)
(11 %)
Advanced Materials
4 %
5 %
3 %
12 %
Combined segments
(4 %)
4 %
1 %
1 %
(a) Excludes sales from tolling arrangements, by-products and raw materials.
(b) Excludes sales from by-products and raw materials.
Table 4 -- Reconciliation of U.S. GAAP to Non-GAAP Measures
Income tax
Net
Diluted (loss) income
EBITDA
and other expense
(loss) income
per share
Three months ended
Three months ended
Three months ended
Three months ended
March 31,
March 31,
March 31,
March 31,
In millions, except per share amounts
2026
2025
2026
2025
2026
2025
2026
2025
Net (loss) income
$ (41)
$ 11
$ (41)
$ 11
$ (0.24)
$ 0.06
Net income attributable to noncontrolling interests
(12)
(16)
(12)
(16)
(0.07)
(0.09)
Net loss attributable to Huntsman Corporation
(53)
(5)
(53)
(5)
(0.31)
(0.03)
Interest expense, net
21
19
Income tax expense
11
15
$ (11)
$ (15)
Depreciation and amortization
73
69
Business acquisition and integration gain and purchase accounting inventory adjustments, net
-
(5)
-
-
-
(5)
-
(0.03)
EBITDA / Loss from discontinued operations
1
1
N/A
N/A
1
1
0.01
0.01
Establishment of significant deferred tax asset valuation allowances
-
-
-
9
-
9
-
0.05
Loss on early extinguishment of debt
1
-
-
-
1
-
0.01
-
Certain legal and other settlements and related expenses (income), net
4
(33)
-
7
4
(26)
0.02
(0.15)
Amortization of pension and postretirement actuarial losses
7
7
(2)
(2)
5
5
0.03
0.03
Restructuring, impairment and plant closing and transition costs
8
4
(1)
(2)
7
2
0.04
0.01
Adjusted(1)
$ 73
$ 72
$ (14)
$ (3)
(35)
(19)
$ (0.20)
$ (0.11)
Adjusted income tax expense(1)
14
3
Net income attributable to noncontrolling interests
12
16
Adjusted pre-tax loss (1)
$ (9)
$ -
Adjusted effective tax rate(3)
N/M
N/M
Effective tax rate
(38 %)
56 %
N/M = not meaningful
N/A = not applicable
See end of press release for footnote explanations.
Table 5 -- Selected Balance Sheet Items
March 31,
December 31,
In millions
2026
2025
Cash
$ 369
$ 429
Accounts and notes receivable, net
776
677
Inventories
885
818
Prepaid expenses
104
94
Other current assets
45
46
Property, plant and equipment, net
2,441
2,486
Other noncurrent assets
2,511
2,465
Total assets
$ 7,131
$ 7,015
Accounts payable(5)
$ 843
$ 758
Other current liabilities(5)
500
478
Current portion of debt
376
353
Long-term debt
1,680
1,658
Other noncurrent liabilities
830
811
Huntsman Corporation stockholders' equity
2,681
2,750
Noncontrolling interests in subsidiaries
221
207
Total liabilities and equity
$ 7,131
$ 7,015
See end of press release for footnote explanations.
Table 6 -- Outstanding Debt
March 31,
December 31,
In millions
2026
2025
Debt:
Revolving credit facility
$ 367
$ 343
Senior notes
1,489
1,488
Amounts outstanding under A/R programs
173
152
Variable interest entities
5
7
Other debt
22
21
Total debt - excluding affiliates
2,056
2,011
Total cash
369
429
Net debt - excluding affiliates(4)
$ 1,687
$ 1,582
See end of press release for footnote explanations.
Table 7 -- Summarized Statement of Cash Flows
Three months ended
March 31,
In millions
2026
2025
Total cash at beginning of period
$ 429
$ 340
Net cash used in operating activities from continuing operations
(53)
(71)
Net cash used in operating activities from discontinued operations
-
(3)
Net cash (used in) provided by investing activities
(37)
6
Net cash provided by financing activities
30
60
Effect of exchange rate changes on cash
-
2
Total cash at end of period
$ 369
$ 334
Free cash flow(2):
Net cash used in operating activities from continuing operations
$ (53)
$ (71)
Capital expenditures
(38)
(36)
Free cash flow from continuing operations(2)
$ (91)
$ (107)
Supplemental cash flow information:
Cash paid for interest
$ (5)
$ (8)
Cash paid for income taxes
(14)
(12)
Cash paid for restructuring and integration
(12)
(3)
Cash paid for pensions
(9)
(8)
Depreciation and amortization from continuing operations
73
69
Change in primary working capital:
Accounts and notes receivable
$ (111)
$ (65)
Inventories
(75)
(101)
Accounts payable(5)
105
(27)
Total change in primary working capital
$ (81)
$ (193)
See end of press release for footnote explanations.
Footnotes
(1)
We use adjusted EBITDA to measure the operating performance of our business and for planning and evaluating the performance of our business segments. We provide adjusted net income (loss) because we feel it provides meaningful insight for the investment community into the performance of our business. We believe that net income (loss) is the performance measure calculated and presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") that is most directly comparable to adjusted EBITDA and adjusted net income (loss). Additional information with respect to our use of each of these financial measures follows:
Adjusted EBITDA, adjusted net income (loss) and adjusted diluted income (loss) per share, as used herein, are not necessarily comparable to other similarly titled measures of other companies.
Adjusted EBITDA is computed by eliminating the following from net income (loss): (a) net income attributable to noncontrolling interests; (b) interest expense, net; (c) income taxes; (d) depreciation and amortization; (e) amortization of pension and postretirement actuarial losses; (f) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted EBITDA in Table 4 above.
Adjusted net income (loss) and adjusted diluted income (loss) per share are computed by eliminating the after tax impact of the following items from net income (loss): (a) net income attributable to noncontrolling interests; (b) amortization of pension and postretirement actuarial losses; (c) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted net income (loss) in Table 4 above. The income tax impacts, if any, of each adjusting item represent a ratable allocation of the total difference between the unadjusted tax expense and the total adjusted tax expense, computed without consideration of any adjusting items using a with and without approach.
We may disclose forward-looking adjusted EBITDA because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, net, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted EBITDA represents the forecast net income on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our adjusted EBITDA to differ.
(2)
We believe free cash flow is an important indicator of our liquidity as it measures the amount of cash we generate. Management internally uses free cash flow measure to: (a) evaluate our liquidity, (b) evaluate strategic investments, (c) plan stock buyback and dividend levels and (d) evaluate our ability to incur and service debt. Free cash flow is defined as net cash provided by (used in) operating activities less capital expenditures. Free cash flow is not a defined term under U.S. GAAP, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures.
(3)
We believe the adjusted effective tax rate provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the businesses' operational profitability and that may obscure underlying business results and trends. In our view, effective tax rate is the performance measure calculated and presented in accordance with U.S. GAAP that is most directly comparable to adjusted effective tax rate. The reconciliation of historical adjusted effective tax rate and effective tax rate is set forth in Table 4 above. Please see the reconciliation of our net income to adjusted net income in Table 4 for details regarding the tax impacts of our non-GAAP adjustments.
(4)
Net debt is a measure we use to monitor how much debt we have after taking into account our total cash. We use it as an indicator of our overall financial position, and calculate it by taking our total debt, including the current portion, and subtracting total cash.
(5)
Certain prior period amounts have been reclassified in the condensed consolidated financial statements to conform to current period presentation.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: http://www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
, /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that its Board of Directors has declared a $0.0875 per share cash dividend on its common stock. The dividend is payable on June 30, 2026, to stockholders of record as of June 15, 2026.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Huntsman (HUN - Free Report) came out with a quarterly loss of $0.2 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.04%. A quarter ago, it was expected that this chemical company would post a loss of $0.29 per share when it actually produced a loss of $0.37, delivering a surprise of -27.59%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Huntsman, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $1.42 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.33%. This compares to year-ago revenues of $1.41 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Huntsman shares have added about 32.5% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for Huntsman?While Huntsman has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Huntsman was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.06 on $1.49 billion in revenues for the coming quarter and -$0.46 on $5.83 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Diversified is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, LyondellBasell (LYB - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 1.
This oil refiner and chemical company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -6.1%. The consensus EPS estimate for the quarter has been revised 48.6% higher over the last 30 days to the current level.
LyondellBasell's revenues are expected to be $7.52 billion, down 2.1% from the year-ago quarter.
For the quarter ended March 2026, Huntsman (HUN - Free Report) reported revenue of $1.42 billion, up 0.7% over the same period last year. EPS came in at -$0.20, compared to -$0.11 in the year-ago quarter.
The reported revenue represents a surprise of +3.33% over the Zacks Consensus Estimate of $1.37 billion. With the consensus EPS estimate being -$0.23, the EPS surprise was +13.04%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Huntsman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales volume - Polyurethanes: 4% versus the two-analyst average estimate of 4.4%.Local currency & mix - Polyurethanes: -6% compared to the -7.9% average estimate based on two analysts.Total - Polyurethanes: 1% versus -0.5% estimated by two analysts on average.Sales volume - Performance Products: -9% versus the two-analyst average estimate of -1%.Local currency & mix - Performance Products: -4% versus the two-analyst average estimate of -3.5%.Exchange rate - Advanced Materials: 5% compared to the 2.2% average estimate based on two analysts.Sales volume - Advanced Materials: 3% compared to the 2.4% average estimate based on two analysts.Local currency & mix - Advanced Materials: 4% versus -0.5% estimated by two analysts on average.Revenues- Polyurethanes: $923 million versus $906.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.Revenues- Advanced Materials: $279 million versus $259.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.Revenues- Performance Products: $228 million compared to the $249.63 million average estimate based on three analysts. The reported number represents a change of -11.3% year over year.Revenues- Intersegment eliminations: $-10 million compared to the $-11.17 million average estimate based on two analysts. The reported number represents a change of +25% year over year.View all Key Company Metrics for Huntsman here>>>
Shares of Huntsman have returned +1.8% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Huntsman remains a buy, with sequential improvement expected as global supply tightens and end markets gradually recover. Q1 showed resilient volumes, margin expansion in Advanced Materials, and early benefits from cost-cutting and Middle East supply disruptions. Leverage is elevated at 6.1x due to cyclically depressed EBITDA, but liquidity is solid with a new $800M revolver and $369M cash.
Key Takeaways Huntsman posted a wider Q1 loss Y/Y, while revenues rose 1% and beat estimates. HUN saw Polyurethanes volume growth and Advanced Materials gains offset Performance Products weakness.Huntsman expects sequential Q2 improvement, led by pricing actions and Polyurethanes recovery. Huntsman Corporation’s (HUN - Free Report) first-quarter 2026 loss (as reported) was 31 cents per share, wider than a loss of 3 cents in the year-ago quarter.
Barring one-time items, adjusted loss per share was 20 cents compared with a loss of 11 cents in the year-ago quarter. It was narrower than the Zacks Consensus Estimate of a loss of 23 cents.
Revenues were $1,420 million, up around 1% year over year. The top line beat the Zacks Consensus Estimate of $1,374.2 million. HUN saw volume growth in Polyurethanes and strength in Advanced Materials, partly offset by lower selling prices and weakness in Performance Products.
Huntsman Corporation Price, Consensus and EPS SurpriseHUN’s Q1 Segment HighlightsPolyurethanes: Revenues from the segment rose 1% year over year to $923 million. The figure beat our estimate of $903 million. The upside was driven by higher sales volumes, mainly in the Americas and Europe, partly offset by lower average selling prices. MDI selling prices fell due to less favorable supply-demand dynamics, partly masked by favorable currency movements.
Performance Products: Revenues moved down 11% year over year to $228 million, missing our estimate of $242 million. The decrease was mainly caused by lower sales volumes and lower average selling prices. Volumes were hurt by the closure of the Moers, Germany maleic anhydride facility and lower demand, while pricing was adversely impacted by competitive pressures.
Advanced Materials: Revenues from the unit increased 12% year over year to $279 million and beat our estimate of $252 million. The increase was primarily due to higher average selling prices and higher sales volumes. Pricing benefited from a favorable sales mix and currency movements, while volumes improved across aerospace, power and automotive markets.
HUN’s FinancialsFree cash flow from continuing operations was a use of $91 million compared with a use of $107 million in the prior-year quarter. The company had around $0.9 billion in combined cash and unused borrowing capacity as of March 31, 2026. Huntsman spent $38 million on capital expenditures compared with $36 million in the prior-year quarter. Net cash used in operating activities from continuing operations was $53 million in the reported quarter.
HUN’s OutlookFor the second quarter of 2026, Huntsman expects sequential improvement, especially in Polyurethanes. The company expects margin improvement across regions from its pricing initiatives. It anticipates second-quarter adjusted EBITDA of $60-$75 million for Polyurethanes, $30-$40 million for Performance Products and $50-$55 million for Advanced Materials.
Huntsman expects Performance Products to benefit from price increases implemented to offset higher feedstock costs, additional savings from cost-reduction programs and contributions from recently completed growth capital investments. In Advanced Materials, the company expects continued strength from aerospace demand, sustained investment in power generation and grid infrastructure, and disciplined pricing to offset higher costs. The company also expects to manage capital expenditures at a level similar to 2025, with critical maintenance, cybersecurity risk mitigation and mandatory safety and environmental spending of around $150 million. Depreciation and amortization are expected to be roughly $290 million in 2026.
HUN’s Stock Price PerformanceShares of Huntsman have gained 22.3% in the past year compared with the Zacks Chemicals Diversified industry’s 18.9% rise.
Image Source: Zacks Investment Research
HUN’s Zacks Rank & Key PicksHUN currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are Sociedad Quimica y Minera de Chile S.A. (SQM - Free Report) , Idaho Strategic Resources, Inc. (IDR - Free Report) and Hawkins, Inc. (HWKN - Free Report) .
Sociedad is slated to report first-quarter 2026 results on May 26. The Zacks Consensus Estimate for loss is pegged at $1.58 per share, indicating 229.2% year-over-year growth. SQM has a Zacks Rank #2 (Buy) at present.
Idaho is expected to report first-quarter 2026 results on May 14. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, indicating 258.3% year-over-year growth. IDR sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hawkins is scheduled to report fiscal fourth-quarter results on May 13. The Zacks Consensus Estimate for HWKN’s fourth-quarter earnings is pegged at 77 cents per share. HWKN currently has a Zacks Rank #2.
On June 04, 2026, Huntsman Corp HUN shares fell 3.2% to $14.26. The stock has experienced a volatile year, with a 52-week range between $7.30 and $15.90.
GF Value™ verdict: Current price of $14.26 vs GF Value™ of $19.09 indicates a 25.3% upside potential.GF Score™ is 72/100, suggesting the stock is above average in terms of quality and potential returns.There have been no insider transactions in the last 3 months, indicating stability in insider sentiment. Is HUN Overvalued or Undervalued? According to the GF Value™, Huntsman Corp HUN is currently undervalued, trading at $14.26, which is significantly below the estimated fair value of $19.09. This presents a margin of safety of approximately 25.3%, indicating that the stock could potentially appreciate in value if it aligns with its intrinsic worth. The GF Valuation label categorizes HUN as "Modestly Undervalued," suggesting that while there is room for growth, caution is warranted as market conditions can shift unexpectedly.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The substantial difference between the current market price and the GF Value™ invites consideration of HUN as an opportunity for long-term investment, albeit with the caveat that market fluctuations and company performance can impact future valuations.
How Does HUN's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 1783.5x 9.4x (5-Year Median) The current P/E ratio of 1783.5x is significantly above the 5-year median P/E of 9.4x. This disparity suggests that HUN is trading well above its historical valuation, indicating possible overvaluation based on traditional earnings metrics. This P/E analysis contradicts the GF Value™ verdict of undervaluation, highlighting a complex picture of HUN's current market position.
What Does HUN's GF Score™ Tell Us? Metric Rating GF Score™ 72 Financial Strength 4/10 Profitability 6/10 Growth 4/10 Valuation 8/10 Momentum 6/10 The GF Score™ of 72/100 indicates that Huntsman Corp has a solid overall quality, with particular strengths in valuation (8/10). However, the Financial Strength score of 4/10 raises concerns, suggesting the company may face challenges in stability and debt management. The Profitability (6/10) and Momentum (6/10) scores reflect a moderate performance, while the Growth score of 4/10 indicates limited potential for rapid expansion. Together, these scores provide a nuanced view of HUN's performance, highlighting both potential opportunities and areas of risk.
What Are Insiders Doing with HUN Stock? There have been no insider transactions in the last three months for Huntsman Corp, suggesting a period of stability and possibly a lack of urgency or confidence among insiders regarding the stock's near-term outlook. This inactivity can sometimes signal that insiders do not foresee significant changes in the company’s direction or valuation in the immediate future.
What This Means for Investors Based on the GF Value™ assessment, Huntsman Corp HUN is currently undervalued with a fair value of $19.09 compared to its trading price of $14.26. However, the high current P/E ratio compared to historical norms suggests caution, as it could indicate potential overvaluation in the context of earnings. Investors should consider these mixed signals when evaluating the stock.
For the complete analysis, visit the Huntsman Corp HUN stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is HUN's GF Score™?
The GF Score™ for Huntsman Corp is 72/100, indicating that it is above average in terms of quality and potential returns based on its financial metrics.
Is HUN overvalued or undervalued?
Huntsman Corp is considered undervalued according to GF Value™, with a current price of $14.26 compared to a fair value of $19.09, suggesting a potential upside.
What is HUN's P/E ratio?
The current P/E ratio for Huntsman Corp is 1783.5x, which is significantly higher than its 5-year median P/E of 9.4x, indicating a divergence from historical valuation metrics.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
, /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that it has sold Huntsman Gomet, a business located in Azeglio, Italy, to Trelleborg Group for €42.5 million (approximately $50 million), subject to customary post-closing adjustments. Gomet is a manufacturer of molded rubber and thermoplastic automotive aftermarket components, which was a business within Huntsman's Polyurethanes division, and was acquired by Huntsman in 2014 as part of the Rockwood acquisition. In 2025, Gomet generated revenues of approximately €24 million. The proceeds from this transaction will be used to reduce outstanding borrowings.
Houlihan Lokey served as financial advisor and Freshfields LLP served as legal counsel to Huntsman Corporation.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.