{"id":397075,"date":"2020-12-10T06:33:36","date_gmt":"2020-12-10T11:33:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397075"},"modified":"2020-12-10T06:33:36","modified_gmt":"2020-12-10T11:33:36","slug":"huntsman-updates-its-fourth-quarter-outlook","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/huntsman-updates-its-fourth-quarter-outlook\/","title":{"rendered":"Huntsman Updates its Fourth Quarter Outlook"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n THE WOODLANDS, Texas<\/span>, Dec. 10, 2020<\/span> \/PRNewswire\/ —\u00a0Huntsman Corporation (NYSE: HUN) today updated its fourth quarter 2020 outlook.\u00a0 Overall the Company currently expects its fourth quarter adjusted EBITDA to be better than its prior guidance and above the prior year by between 20% and 25%.\u00a0 For the Polyurethanes segment, fourth quarter adjusted EBITDA is now expected to be better than third quarter 2020 adjusted EBITDA by at least 20%.\u00a0 The increase versus the previous guidance is being driven by stronger than expected overall demand as well as higher MDI component margins, most notably in Asia.\u00a0 For the Performance Products segment, fourth quarter adjusted EBITDA is currently expected to be better than third quarter 2020 by nearly 15%.\u00a0 For the Advanced Materials segment, fourth quarter adjusted EBITDA is now expected to be approximately in-line with the third quarter 2020. \u00a0For the Textile Effects segment, fourth quarter adjusted EBITDA is now expected to be approximately flat with the prior year fourth quarter.\u00a0 <\/p>\n

The Company remains on-track to close on the sale of approximately 42.5 million shares it holds in Venator Materials PLC to funds managed by SK Capital Partners, LP before year-end 2020.\u00a0 Additionally, the Company intends to redeem in full \u20ac445 million in aggregate principal amount of its 5.125% Senior Notes due 2021 at par with available liquidity.\u00a0 The redemption date will be January 15, 2021<\/span>, and the redemption price will equal to 100% of the principal amount of the notes, plus accrued and unpaid interest on the redemption date.\u00a0 Redeeming the notes will reduce the Company’s interest expense by approximately $25 million<\/span> on an annual basis.\u00a0\u00a0 <\/p>\n

\n About Huntsman:
<\/b>
\n Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2019 revenues of <\/i>
\n approximately $7 billion<\/span>. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of <\/i>
\n consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ <\/i>
\n approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company’s website at <\/i>
\n
\n www.huntsman.com<\/a>
\n <\/i>
\n .<\/i>\n <\/p>\n

\n Social Media:
<\/b>
\n Twitter<\/i>
\n : www.twitter.com\/Huntsman_Corp<\/a>
Facebook: www.facebook.com\/huntsmancorp<\/a><\/u>
LinkedIn: www.linkedin.com\/company\/huntsman<\/a><\/u><\/i>\n <\/p>\n

\n Forward-Looking Statements:
<\/b>
\n Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management’s current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed under the caption “Risk Factors” in the Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, ability to achieve projected synergies, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.<\/i>\n <\/p>\n

\u00a0<\/p>\n

\n

\n
\n \"Huntsman
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/huntsman-updates-its-fourth-quarter-outlook-301189928.html<\/a><\/p>\n

SOURCE Huntsman Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire THE WOODLANDS, Texas, Dec. 10, 2020 \/PRNewswire\/ —\u00a0Huntsman Corporation (NYSE: HUN) today updated its fourth quarter 2020 outlook.\u00a0 Overall the Company currently expects its fourth quarter adjusted EBITDA to be better than its prior guidance and above the prior year by between 20% and 25%.\u00a0 For the Polyurethanes segment, fourth quarter adjusted EBITDA is now expected to be better than third quarter 2020 adjusted EBITDA by at least 20%.\u00a0 The increase versus the previous guidance is being driven by stronger than expected overall demand as well as higher MDI component margins, most notably in Asia.\u00a0 For the Performance Products segment, fourth quarter adjusted EBITDA is currently expected to be better than third quarter 2020 by nearly 15%.\u00a0 For … <\/p>\n

Continue reading “Huntsman Updates its Fourth Quarter Outlook”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397075","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHuntsman Updates its Fourth Quarter Outlook - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/huntsman-updates-its-fourth-quarter-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huntsman Updates its Fourth Quarter Outlook - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire THE WOODLANDS, Texas, Dec. 10, 2020 \/PRNewswire\/ —\u00a0Huntsman Corporation (NYSE: HUN) today updated its fourth quarter 2020 outlook.\u00a0 Overall the Company currently expects its fourth quarter adjusted EBITDA to be better than its prior guidance and above the prior year by between 20% and 25%.\u00a0 For the Polyurethanes segment, fourth quarter adjusted EBITDA is now expected to be better than third quarter 2020 adjusted EBITDA by at least 20%.\u00a0 The increase versus the previous guidance is being driven by stronger than expected overall demand as well as higher MDI component margins, most notably in Asia.\u00a0 For the Performance Products segment, fourth quarter adjusted EBITDA is currently expected to be better than third quarter 2020 by nearly 15%.\u00a0 For … Continue reading "Huntsman Updates its Fourth Quarter Outlook"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/huntsman-updates-its-fourth-quarter-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-10T11:33:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/817417\/Huntsman_Corporation_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/huntsman-updates-its-fourth-quarter-outlook\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/huntsman-updates-its-fourth-quarter-outlook\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Huntsman Updates its Fourth Quarter Outlook\",\"datePublished\":\"2020-12-10T11:33:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/huntsman-updates-its-fourth-quarter-outlook\\\/\"},\"wordCount\":571,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/huntsman-updates-its-fourth-quarter-outlook\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/817417\\\/Huntsman_Corporation_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/huntsman-updates-its-fourth-quarter-outlook\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/huntsman-updates-its-fourth-quarter-outlook\\\/\",\"name\":\"Huntsman Updates its Fourth Quarter Outlook - 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