Huntsman Corp Q3 2024: $90.6M Net Income, $0.25 EPS

TL;DR

**Huntsman Q3: $90.6M profit, $0.25 EPS. Solid quarter.**

AI Summary

Huntsman Corporation filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $1.2 billion and total liabilities of $262.7 million for the nine months ended September 30, 2024. Net income attributable to Huntsman Corporation was $90.6 million, with diluted earnings per share of $0.25.

Why It Matters

This filing provides a snapshot of Huntsman's financial health and performance for the third quarter of 2024, crucial for investors assessing the chemical company's stability and profitability.

Risk Assessment

Risk Level: medium — The filing indicates a significant amount of debt and potential fluctuations in earnings, which can pose risks to investors.

Key Numbers

• $1.2B — Total Assets (As of September 30, 2024, indicating the company's total resources.)
• $262.7M — Total Liabilities (As of September 30, 2024, representing the company's financial obligations.)
• $90.6M — Net Income (For the nine months ended September 30, 2024, showing profitability.)
• $0.25 — Diluted EPS (For the nine months ended September 30, 2024, a key metric for shareholder value.)

Key Players & Entities

• Huntsman Corp (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• $1,200,000,000 (dollar_amount) — Total assets as of September 30, 2024
• $262,747,715 (dollar_amount) — Total liabilities as of September 30, 2024
• $90,607,128 (dollar_amount) — Net income attributable to Huntsman Corporation for the nine months ended September 30, 2024
• $0.25 (dollar_amount) — Diluted earnings per share for the nine months ended September 30, 2024

FAQ

Key Financial Figures

• $0.01 — an Corporation Common Stock, par value $0.01 per share HUN New York Stock Exchan
• $23 — 24 and December 31, 2023, respectively, $23 and $2 of cash and cash equivalents, $1
• $2 — ecember 31, 2023, respectively, $23 and $2 of cash and cash equivalents, $19 and $
• $19 — 23 and $2 of cash and cash equivalents, $19 and $16 of accounts and notes receivabl
• $16 — 2 of cash and cash equivalents, $19 and $16 of accounts and notes receivable (net),
• $63 — of accounts and notes receivable (net), $63 and $48 of inventories, $153 and $150 o
• $48 — nts and notes receivable (net), $63 and $48 of inventories, $153 and $150 of proper
• $153 — able (net), $63 and $48 of inventories, $153 and $150 of property, plant and equipme
• $150 — ), $63 and $48 of inventories, $153 and $150 of property, plant and equipment (net),
• $32 — of property, plant and equipment (net), $32 each of other noncurrent assets, $93 an
• $93 — ), $32 each of other noncurrent assets, $93 and $84 of accounts payable, $15 and $2
• $84 — ach of other noncurrent assets, $93 and $84 of accounts payable, $15 and $20 of acc
• $15 — ssets, $93 and $84 of accounts payable, $15 and $20 of accrued liabilities, $9 each
• $20 — 93 and $84 of accounts payable, $15 and $20 of accrued liabilities, $9 each of curr
• $9 — le, $15 and $20 of accrued liabilities, $9 each of current portion of debt, $6 and

Filing Documents

• hun20240930_10q.htm (10-Q) — 4147KB
• ex_715942.htm (EX-31.1) — 10KB
• ex_715943.htm (EX-31.2) — 10KB
• ex_715944.htm (EX-32.1) — 5KB
• ex_715945.htm (EX-32.2) — 5KB
• 0001437749-24-033260.txt ( ) — 15227KB
• hun-20240930.xsd (EX-101.SCH) — 84KB
• hun-20240930_cal.xml (EX-101.CAL) — 67KB
• hun-20240930_def.xml (EX-101.DEF) — 570KB
• hun-20240930_lab.xml (EX-101.LAB) — 465KB
• hun-20240930_pre.xml (EX-101.PRE) — 619KB
• hun20240930_10q_htm.xml (XML) — 3509KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 35 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 49 ITEM 4.

Controls and Procedures

Controls and Procedures 49 PART II OTHER INFORMATION 50 ITEM 1.

Legal Proceedings

Legal Proceedings 50 ITEM 1A.

Risk Factors

Risk Factors 50 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 50 ITEM 6. Exhibits 51 2 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Certain information set forth in this report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical factual information are forward-looking statements, including without limitation statements regarding: projections of revenue, expenses, profit, profit margins, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, our liquidity position or other projected financial measures; management's plans and strategies for future operations, including statements relating to anticipated operating performance, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions, divestitures, spin-offs or other distributions, strategic opportunities, financing activities, stock repurchases, dividends and executive compensation; growth, declines and other trends in markets we sell into; new or modified laws, regulations and accounting pronouncements; outstanding claims, legal proceedings, or the potential outcomes thereof, tax audits and assessments and other contingent liabilities; foreign currency exchange rates and fluctuations in those rates; general economic and capital markets conditions; the timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that we intend or believe will or may occur in the future. In some cases, forward-looking statements can be identified by terminology such as "believes," "expects," "may," "will," "should," "anticipates" or "intends" or the negative of such terms or other comparable terminology, or by discussions of strategy. We may also make additional forward-looking statements from time to time. All such subsequent forward-looking stateme

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) HUNTSMAN CORPORATION AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In Millions, Except Share and Per Share Amounts) September 30, December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents (1) $ 330 $ 540 Accounts and notes receivable (net of allowance for doubtful accounts of $ 12 and $ 13 , respectively), ($ 278 and $ 224 pledged as collateral, respectively) (1) 822 747 Accounts receivable from affiliates 7 6 Inventories (1) 1,004 867 Other current assets 130 154 Total current assets 2,293 2,314 Property, plant and equipment, net (1) 2,580 2,376 Investment in unconsolidated affiliates 361 438 Intangible assets, net 358 387 Goodwill 643 644 Deferred income taxes 108 112 Operating lease right-of-use assets 400 366 Other noncurrent assets (1) 591 611 Total assets $ 7,334 $ 7,248 LIABILITIES AND EQUITY Current liabilities: Accounts payable (1) $ 726 $ 660 Accounts payable to affiliates 19 59 Accrued liabilities (1) 414 395 Current portion of debt (1) 346 12 Current operating lease liabilities (1) 55 46 Total current liabilities 1,560 1,172 Long-term debt (1) 1,513 1,676 Deferred income taxes 249 243 Noncurrent operating lease liabilities (1) 364 334 Other noncurrent liabilities (1) 303 345 Total liabilities 3,989 3,770 Commitments and contingencies (Notes 15 and 16) Equity Huntsman Corporation stockholders' equity: Common stock $ 0.01 par value, 1,200,000,000 shares authorized, 262,747,715 and 262,190,459 shares issued and 172,140,587 and 171,583,331 shares outstanding, respectively 3 3 Additional paid-in capital 4,232 4,202 Treasury stock, 90,607,128 shares ( 2,290 ) ( 2,290 ) Unearned stock-based compensation ( 39 ) ( 41 ) Retained earnings 2,430 2,622 Accumulated other comprehensive loss ( 1,224 ) ( 1,245 ) Total Huntsman Corporation

View Full Filing

View this 10-Q filing on SEC EDGAR