Huntsman Corporation reported solid third-quarter results, delivering $200 million in operating cash flow despite ongoing economic challenges in the U.S., China, and Europe.
- Successfully achieved $200 million in operating cash for the quarter; year-to-date free cash flow exceeds $100 million.
- On track with a $100 million cost reduction program, including the closure of 7 sites and restructuring of over 600 positions.
- Cautiously managing dividend payouts amid prolonged market downturns, signaling a focus on cash preservation and balance sheet strength.
- Directing efforts towards optimizing supply chains and exploring cost-effective sourcing options, particularly from the U.S. for European operations.
- Forecast for Q4 includes anticipated seasonality and potential inventory destocking, especially in Europe.
Community Discussion