Huntsman Reports Q2 Earnings Call Highlights
Huntsman Corporation (NYSE:HUN) reported mixed second-quarter results with improved margins but subdued global demand growth of approximately 0% to 2%. The company highlighted strong performance in its Advanced Materials segment, driven by power-grid infrastructure and renewable energy investments. Industrial Elastomers and spray foam insulation also showed solid volume gains. Huntsman reiterated support for the proposed merger with Olin Corporation, aiming for $300 million in synergies and additional benefits after a chlorine supply contract expires. The company's net leverage improved to 5.4 times EBITDA and is expected to approach four times by year-end. Management expects stable conditions into Q3 but remains cautious about weak North American housing indicators and uneven consumer confidence. Chairman, CEO, and President Peter Huntsman noted that pricing actions in the MDI business helped offset higher raw material costs, leading to nearly doubled EBITDA compared to last year's second quarter.
Topics: chemicals demand_forecast materials mergers_and_acquisitions