Huntsman Corp. recently reported first-quarter 2025 results with revenues of $1,410 million, compared to revenue of $1,470 million in the same period of 2024. The company reported net loss attributable to Huntsman of $5 million, up from a net loss of $70 million in the same period last year. For the three months ended March 31, 2025, the company reported an adjusted net loss attributable to Huntsman of $19 million, compared to $11 million in the same period of 2024. Additionally, the company reported adjusted EBITDA of $72 million. 

Peter R. Huntsman, chairman, president, and CEO, commented, "Since our last earnings call, short term business conditions continue to change markedly. Low visibility and customer uncertainty regarding demand trends over the coming months are pressuring order patterns in many of our key markets, including construction, transportation, and other industrial related markets. The cautious customer order patterns are muting the seasonal volume improvement our markets typically experience during the second quarter. While we are hopeful that demand conditions improve, we are not waiting for that to happen and remain aggressive on costs which include announced workforce reductions as well as asset optimization in both Europe and North America. We are on-track to complete our review of strategic options for our European maleic anhydride business by this summer, which we will communicate once completed. Protecting the balance sheet remains a priority in addition to focusing on cash generation as we navigate the Company through the current environment."

Segment Analysis

The decrease in revenues in Huntsman’s Polyurethanes segment for the three months ended March 31, 2025, compared to the same period of 2024 was primarily due to lower average selling prices, partially offset by higher sales volumes. Average selling prices decreased primarily due to unfavorable sales mix. Sales volumes increased primarily due to improved demand and share gains in certain markets. The increase in segment adjusted EBITDA was primarily due to lower raw materials costs, lower fixed costs and higher sales volumes, partially offset by unfavorable sales mix, the negative impact of major foreign currency exchange rate movements against the U.S. dollar and lower equity earnings from our minority-owned joint venture in China.

In Huntsman’s Performance Products segment, a decrease in revenues compared to the same period of 2024 was primarily due to lower sales volumes, partially offset by favorable sales mix. Sales volumes decreased primarily due to lower customer demand and unplanned production outages at Huntsman’s Moers, Germany, facility. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes mainly in Europe, partially offset by favorable sales mix.

The decrease in revenues in Huntsman’s Advanced Materials segment was primarily due to lower average selling prices. Average selling prices decreased primarily due to unfavorable sales mix and the negative impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes remained relatively stable. The decrease in segment adjusted EBITDA was primarily due to lower average selling prices.

Learn more about Huntsman at www.huntsman.com.