Huntsman CORP
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
HUN$9.50-0.4%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Operations
(In Millions, Except Per Share Amounts)
| Three months · Six months | ||||
|---|---|---|---|---|
| ended · ended | ||||
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Trade sales, services and fees, net | $1,538 | $1,561 | $2,974 | $3,134 |
| Related party sales | 36 | 35 | 70 | 68 |
| Total revenues | 1,574 | 1,596 | 3,044 | 3,202 |
| Cost of goods sold | 1,331 | 1,342 | 2,600 | 2,679 |
| Gross profit | 243 | 254 | 444 | 523 |
| Operating expenses: | ||||
| Selling, general and administrative | 176 | 167 | 352 | 355 |
| Research and development | 33 | 29 | 64 | 59 |
| Restructuring, impairment and plant closing costs | 4 | 8 | 15 | 1 |
| Loss (gain) on acquisition of assets, net | 1 | — | (51) | — |
| Prepaid asset write-off | — | — | 71 | — |
| Other operating income, net | (5) | — | (3) | (3) |
| Total operating expenses | 209 | 204 | 448 | 412 |
| Operating income (loss) | 34 | 50 | (4) | 111 |
| Interest expense, net | (20) | (15) | (39) | (33) |
| Equity in income of investment in unconsolidated affiliates | 18 | 28 | 37 | 40 |
| Other income (expense), net | 12 | (2) | 14 | (2) |
| Income from continuing operations before income taxes | 44 | 61 | 8 | 116 |
| Income tax (expense) benefit | (13) | (28) | 7 | (39) |
| Income from continuing operations | 31 | 33 | 15 | 77 |
| Income (loss) from discontinued operations, net of tax | 7 | (2) | — | 120 |
| Net income | 38 | 31 | 15 | 197 |
| Net income attributable to noncontrolling interests | (16) | (12) | (30) | (25) |
| Net income (loss) attributable to Huntsman Corporation | $22 | $19 | $(15) | $172 |
| Basic income (loss) per share: | ||||
| Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders | $0.09 | $0.12 | $(0.09) | $0.29 |
| Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax | 0.04 | (0.01) | — | 0.66 |
| Net income (loss) attributable to Huntsman Corporation common stockholders | $0.13 | $0.11 | $(0.09) | $0.95 |
| Weighted average shares | 172.1 | 179.2 | 172.0 | 180.9 |
| Diluted income (loss) per share: | ||||
| Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders | $0.09 | $0.12 | $(0.09) | $0.28 |
| Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax | 0.04 | (0.01) | — | 0.66 |
| Net income (loss) attributable to Huntsman Corporation common stockholders | $0.13 | $0.11 | $(0.09) | $0.94 |
| Weighted average shares | 172.8 | 180.3 | 172.0 | 182.3 |
| Amounts attributable to Huntsman Corporation: | ||||
| Income (loss) from continuing operations | $15 | $21 | $(15) | $52 |
| Income (loss) from discontinued operations, net of tax | 7 | (2) | — | 120 |
| Net income (loss) | $22 | $19 | $(15) | $172 |
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