Huntsman CORP
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
HUN$9.50-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
(In Millions, Except Per Share Amounts)
| Three months · Nine months | ||||
|---|---|---|---|---|
| ended · ended | ||||
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Trade sales, services and fees, net | $1,500 | $1,477 | $4,474 | $4,611 |
| Related party sales | 40 | 29 | 110 | 97 |
| Total revenues | 1,540 | 1,506 | 4,584 | 4,708 |
| Cost of goods sold | 1,306 | 1,275 | 3,906 | 3,954 |
| Gross profit | 234 | 231 | 678 | 754 |
| Operating expenses: | ||||
| Selling, general and administrative | 153 | 165 | 505 | 520 |
| Research and development | 27 | 28 | 91 | 87 |
| Restructuring, impairment and plant closing costs | 5 | 6 | 20 | 7 |
| Gain on acquisition of assets, net | — | — | (51) | — |
| Prepaid asset write-off | — | — | 71 | — |
| Other operating expense, net | 7 | 5 | 4 | 2 |
| Total operating expenses | 192 | 204 | 640 | 616 |
| Operating income | 42 | 27 | 38 | 138 |
| Interest expense, net | (21) | (15) | (60) | (48) |
| Equity in income of investment in unconsolidated affiliates | 5 | 30 | 42 | 70 |
| Other income (expense), net | 8 | — | 22 | (2) |
| Income from continuing operations before income taxes | 34 | 42 | 42 | 158 |
| Income tax expense | (39) | (27) | (32) | (66) |
| (Loss) income from continuing operations | (5) | 15 | 10 | 92 |
| (Loss) income from discontinued operations, net of tax | (12) | — | (12) | 120 |
| Net (loss) income | (17) | 15 | (2) | 212 |
| Net income attributable to noncontrolling interests | (16) | (15) | (46) | (40) |
| Net (loss) income attributable to Huntsman Corporation | $(33) | $— | $(48) | $172 |
| Basic (loss) income per share: | ||||
| (Loss) income from continuing operations attributable to Huntsman Corporation common stockholders | $(0.12) | $— | $(0.21) | $0.29 |
| (Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax | (0.07) | — | (0.07) | 0.67 |
| Net (loss) income attributable to Huntsman Corporation common stockholders | $(0.19) | $— | $(0.28) | $0.96 |
| Weighted average shares | 172.1 | 175.7 | 172.0 | 179.1 |
| Diluted (loss) income per share: | ||||
| (Loss) income from continuing operations attributable to Huntsman Corporation common stockholders | $(0.12) | $— | $(0.21) | $0.29 |
| (Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax | (0.07) | — | (0.07) | 0.66 |
| Net (loss) income attributable to Huntsman Corporation common stockholders | $(0.19) | $— | $(0.28) | $0.95 |
| Weighted average shares | 172.1 | 177.0 | 172.0 | 180.5 |
| Amounts attributable to Huntsman Corporation: | ||||
| (Loss) income from continuing operations | $(21) | $— | $(36) | $52 |
| (Loss) income from discontinued operations, net of tax | (12) | — | (12) | 120 |
| Net (loss) income | $(33) | $— | $(48) | $172 |
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