Huntsman Corp. recently reported results for the second quarter of 2025, with revenues of $1,458 million compared to $1,574 during the same period in 2024. The company saw net loss attributable to Huntsman of $158 million, adjusted net loss attributable to Huntsman of $34 million, and adjusted EBITDA of $74 million. 

"The second quarter played out largely as expected as lower global construction and industrial activity pressured our volumes. The seasonal uplift in construction demand we typically experience in the second quarter was muted in 2025 and we do not believe that these trends will change in a meaningful way in the third quarter. With our current returns, we have taken decisive actions to reduce costs and restructure, including the closure of our European Maleic Anhydride facility in Moers, Germany, as well as other downstream facilities in both Europe and North America. The restructuring that we started at the end of 2024 has expanded in 2025 and will ultimately reduce our global workforce by nearly 10%, with our European region experiencing the largest reduction. Through our cash management activities, we generated positive cash flow during the second quarter. As we have stated in the past, protecting the balance sheet remains a priority in addition to focusing on cash generation as we navigate the company through the current environment," said Peter R. Huntsman, chairman, president, and CEO of Huntsman. 

The company’s Polyurethanes segment saw a decrease in revenues for the three months ended June 30, 2025, compared to the same period of 2024. The company reports that the decrease is primarily due to lower average selling prices and lower sales volumes. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics. Sales volumes decreased primarily due to lower demand in construction-related markets and the scheduled turnaround at Huntsman’s Rotterdam, the Netherlands, manufacturing facility during the second quarter of 2025. The decrease in segment adjusted EBITDA was primarily due to the impacts of lower average selling prices, lower sales volumes, inventory reductions, and lower equity earnings from the company’s minority-owned joint venture in China, partially offset by lower raw materials costs and lower fixed costs.

In terms of segment sales, the company reported a decrease in revenues in its Performance Products segment for the three months ended June 30, 2025 compared to the same period of 2024. The decrease was primarily due to lower sales volumes. Average selling prices remained relatively flat as a decrease in selling prices was mostly offset by favorable sales mix. Sales volumes decreased primarily due to lower operating rates at Huntsman’s Moers, Germany, facility and softer market conditions, partially offset by share gains. The decrease in segment adjusted EBITDA was primarily due to lower sales revenue and an unfavorable impact from inventory reductions, partially offset by lower variable direct costs and lower other fixed costs.

In its Advanced Materials segment, Huntsman reported a decrease in revenues for the three months ended June 30, 2025, compared to the same period of 2024. The decrease was primarily due to lower average selling prices and lower sales volumes. Average selling prices decreased primarily due to unfavorable sales mix, partially offset by the positive impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes decreased primarily due to reduced demand in Huntsman’s coatings and aerospace markets. The decrease in segment adjusted EBITDA was primarily due to lower average selling prices and lower sales volumes.

Learn more about Huntsman, visit www.huntsman.com.

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