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Category: 3. Business

  • Huntsman Announces Third Quarter 2025 Earnings :: Huntsman Corporation (HUN)

    Huntsman Announces Third Quarter 2025 Earnings :: Huntsman Corporation (HUN)

    Third Quarter Highlights

    • Third quarter 2025 net loss attributable to Huntsman of $25 million compared to a net loss of $33 million in the prior year period; third quarter 2025 diluted loss per share of $0.14 compared to diluted loss per share $0.19 in the prior year period.

    • Third quarter 2025 adjusted net loss attributable to Huntsman of $5 million compared to adjusted net income of $17 million in the prior year period; third quarter 2025 adjusted diluted loss per share of $0.03 compared to adjusted diluted income per share of $0.10 in the prior year period.

    • Third quarter 2025 adjusted EBITDA of $94 million compared to $131 million in the prior year period.

    • Third quarter 2025 net cash provided by operating activities from continuing operations was $200 million. Free cash flow from continuing operations was $157 million for the third quarter 2025 compared to free cash flow of $93 million in the prior year period.

    • Regular quarterly dividend reset to $0.0875 per share, a decrease of 65% versus the prior dividend. This represents an annual dividend payout of $0.35 per share.

    Three months ended

    Nine months ended

    September 30, 

    September 30, 

    In millions, except per share amounts

    2025

    2024

    2025

    2024


    Revenues

    $     1,460

    $     1,540

    $     4,328

    $     4,584


    Net loss attributable to Huntsman Corporation

    $        (25)

    $        (33)

    $       (188)

    $        (48)

    Adjusted net (loss) income(1)

    $          (5)

    $          17

    $        (58)

    $          30


    Diluted loss per share

    $      (0.14)

    $      (0.19)

    $      (1.09)

    $      (0.28)

    Adjusted diluted (loss) income per share(1)

    $      (0.03)

    $       0.10

    $      (0.34)

    $       0.17


    Adjusted EBITDA(1)

    $          94

    $        131

    $        240

    $        343


    Net cash provided by operating activities from continuing operations

    $        200

    $        134

    $        221

    $        126

    Free cash flow from continuing operations(2)

    $        157

    $          93

    $        105

    $          (7)


    See end of press release for footnote explanations and reconciliations of non-GAAP measures.


     

    THE WOODLANDS, Texas, Nov. 6, 2025 /PRNewswire/ — Huntsman Corporation (NYSE: HUN) today reported third quarter 2025 results with revenues of $1,460 million, net loss attributable to Huntsman of $25 million, adjusted net loss attributable to Huntsman of $5 million and adjusted EBITDA of $94 million. 

    Peter R. Huntsman, Chairman, President, and CEO, commented:

    “As we expected, third quarter fundamentals remained consistent with the first half of the year. Volumes improved compared to the prior year while pricing in some parts of the portfolio remained under pressure. Cash generation and cost control remain top priorities for our Company. Our current restructuring programs, that will likely exceed $100 million in savings, remain on track and are expected to be completed in 2026. Additionally, our cash generation over the past year has been strong despite lower levels of profitability, reflecting quick actions taken on working capital and capital expenditure control in an ever-challenging environment. After thorough deliberation, and reflecting the global economic conditions of our industry, our Board decided to reset the regular dividend to 35 cents a share annually, a reduction of 65%. The adjusted dividend payout will allow us to preserve our financial flexibility as we continue to navigate this extended cyclical trough, while also allowing the Company to keep a balanced capital allocation program including a competitive regular dividend. We would anticipate returning to a higher dividend payout as soon as conditions warrant.”

    Segment Analysis for 3Q25 Compared to 3Q24

    Polyurethanes

    The decrease in revenues in our Polyurethanes segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to lower average selling prices, partially offset by higher sales volumes. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics. Sales volumes increased primarily in the Americas and Asia regions. The decrease in segment adjusted EBITDA was primarily due to the impacts of lower average selling prices, inventory reductions and lower equity earnings from our minority-owned joint venture in China, partially offset by higher sales volumes, lower raw material costs and cost savings achieved from our cost optimization program.

    Performance Products

    The decrease in revenues in our Performance Products segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to lower sales volumes and lower average selling prices. Sales volumes decreased primarily due to the closure of our Moers, Germany maleic anhydride facility and overall softening market conditions. Average selling prices decreased primarily due to competitive pressures. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes and margins.

    Advanced Materials

    The increase in revenues in our Advanced Materials segment for the three months ended September 30, 2025 compared to the same period of 2024 was primarily due to higher average selling prices. Average selling prices increased primarily due to the positive impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes were essentially unchanged from the same period in 2024. Segment adjusted EBITDA was slightly lower primarily due to an unfavorable impact from inventory reductions.

    Liquidity and Capital Resources

    During the three months ended September 30, 2025, our free cash flow from continuing operations was $157 million as compared to $93 million in the same period of 2024. As of September 30, 2025, we had approximately $1.4 billion of combined cash and unused borrowing capacity.

    During the three months ended September 30, 2025, we spent $43 million on capital expenditures from continuing operations as compared to $41 million in the same period of 2024. During 2025, we expect to spend between approximately $170 million to $180 million on capital expenditures.

    Income Taxes

    In the third quarter of 2025, our effective tax rate was -43% and our adjusted effective tax rate was 40%.

    Earnings Conference Call Information

    We will hold a conference call to discuss our third quarter 2025 financial results on Friday, November 7, 2025, at 10:00 a.m. ET.

    Webcast link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=FbX1HK73

    Participant dial-in numbers:
    Domestic callers:                    (877) 402-8037
    International callers:               (201) 378-4913

    The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman’s investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman’s website.

    Upcoming Conferences
    During the fourth quarter 2025, a member of management is expected to present at:
    Seaport’s Chemical Cornucopia Conference, November 19, 2025
    Citi’s 2025 Basic Materials Conference, December 2, 2025
    Bank of America High Yield Conference, December 3, 2025

    A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.

     





































    Table 1 – Results of Operations


    Three months ended

    Nine months ended

    September 30, 

    September 30, 

    In millions, except per share amounts

    2025

    2024

    2025

    2024


    Revenues

    $     1,460

    $     1,540

    $     4,328

    $     4,584

    Cost of goods sold

    1,256

    1,306

    3,741

    3,906

    Gross profit

    204

    234

    587

    678

    Operating expenses:


    Selling, general and administrative

    163

    153

    489

    505

    Research and development

    29

    27

    94

    91

    Restructuring, impairment and plant closing costs

    12

    5

    137

    20

    Gain on acquisition of assets, net

    –

    –

    (5)

    (51)

    Prepaid asset write-off

    –

    –

    –

    71

    Income associated with litigation matter, net

    –

    –

    (33)

    –

    Other operating (income) expense, net

    (6)

    7

    (23)

    4

    Total operating expenses

    198

    192

    659

    640

    Operating income (loss)

    6

    42

    (72)

    38

    Interest expense, net

    (20)

    (21)

    (60)

    (60)

    Equity in income of investment in unconsolidated affiliates

    1

    5

    –

    42

    Other income, net

    6

    8

    13

    22

    (Loss) income from continuing operations before income taxes

    (7)

    34

    (119)

    42

    Income tax expense

    (3)

    (39)

    (25)

    (32)

    (Loss) income from continuing operations

    (10)

    (5)

    (144)

    10

    Income from discontinued operations, net of tax

    (1)

    (12)

    (1)

    (12)

    Net loss

    (11)

    (17)

    (145)

    (2)

    Net income attributable to noncontrolling interests

    (14)

    (16)

    (43)

    (46)

    Net loss attributable to Huntsman Corporation

    $        (25)

    $        (33)

    $       (188)

    $        (48)


    Adjusted EBITDA (1)

    $          94

    $        131

    $        240

    $        343

    Adjusted net (loss) income (1)

    $          (5)

    $          17

    $        (58)

    $          30


    Basic loss per share

    $      (0.14)

    $      (0.19)

    $      (1.09)

    $      (0.28)

    Diluted loss per share

    $      (0.14)

    $      (0.19)

    $      (1.09)

    $      (0.28)

    Adjusted diluted (loss) income per share (1)

    $      (0.03)

    $       0.10

    $      (0.34)

    $       0.17


    Common share information:


    Basic weighted average shares

    173

    172

    173

    172

    Diluted weighted average shares

    173

    172

    173

    172

    Diluted shares for adjusted diluted (loss) income per share

    173

    173

    173

    173


    See end of press release for footnote explanations.


     















    Table 2 – Results of Operations by Segment


    Three months ended

    Nine months ended


    September 30, 

    (Worse) /

    September 30, 

    (Worse) /

    In millions

    2025

    2024

    better

    2025

    2024

    better


    Segment revenues:


    Polyurethanes

    $        956

    $     1,003

    (5 %)

    $     2,800

    $     2,930

    (4 %)

    Performance Products

    246

    280

    (12 %)

    773

    870

    (11 %)

    Advanced Materials

    265

    261

    2 %

    778

    801

    (3 %)

    Total reportable segments’ revenues

    1,467

    1,544

    (5 %)

    4,351

    4,601

    (5 %)


    Intersegment eliminations

    (7)

    (4)

    n/m

    (23)

    (17)

    n/m


    Total revenues

    $     1,460

    $     1,540

    (5 %)

    $     4,328

    $     4,584

    (6 %)


    Segment adjusted EBITDA (1) :


    Polyurethanes

    $          48

    $          76

    (37 %)

    $        121

    $        195

    (38 %)

    Performance Products

    29

    42

    (31 %)

    91

    130

    (30 %)

    Advanced Materials

    44

    47

    (6 %)

    125

    142

    (12 %)

    n/m = not meaningful


    See end of press release for footnote explanations.


     







    Table 3 – Factors Impacting Sales Revenue



    Three months ended

    September 30, 2025 vs. 2024

    Average selling price (a)


    Local

    Exchange

    Sales


    currency & mix

    rate

    volume (b)

    Total



    Polyurethanes

    (10 %)

    1 %

    4 %

    (5 %)



    Performance Products

    (2 %)

    0 %

    (10 %)

    (12 %)



    Advanced Materials

    (1 %)

    2 %

    1 %

    2 %



    Combined segments

    (7 %)

    1 %

    1 %

    (5 %)



    Nine months ended

    September 30, 2025 vs. 2024

    Average selling price (a)


    Local

    Exchange

    Sales


    currency & mix

    rate

    volume (b)

    Total



    Polyurethanes

    (5 %)

    0 %

    1 %

    (4 %)



    Performance Products

    1 %

    0 %

    (12 %)

    (11 %)



    Advanced Materials

    (3 %)

    0 %

    0 %

    (3 %)



    Combined segments

    (4 %)

    0 %

    (2 %)

    (6 %)



    (a) Excludes sales from tolling arrangements, by-products and raw materials.


    (b) Excludes sales from by-products and raw materials.


     







































    Table 4 – Reconciliation of U.S. GAAP to Non-GAAP Measures


     Income tax 

     Net (loss) 

     Diluted (loss) income 

     EBITDA 

    and other expense

     income 

     per share 

    Three months ended

    Three months ended

    Three months ended

    Three months ended

    September 30, 

    September 30, 

    September 30, 

    September 30, 

    In millions, except per share amounts

    2025

    2024

    2025

    2024

    2025

    2024

    2025

    2024


    Net loss

    $         (11)

    $         (17)

    $         (11)

    $         (17)

    $      (0.06)

    $      (0.10)

    Net income attributable to noncontrolling interests

    (14)

    (16)

    (14)

    (16)

    (0.08)

    (0.09)


    Net loss attributable to Huntsman Corporation

    (25)

    (33)

    (25)

    (33)

    (0.14)

    (0.19)

    Interest expense, net from continuing operations

    20

    21


    Income tax expense from continuing operations

    3

    39

    $           (3)

    $         (39)


    Depreciation and amortization from continuing operations

    73

    70


    Business acquisition and integration expenses and purchase accounting inventory adjustments

    –

    –

    –

    1

    –

    1

    –

    0.01

    Income tax settlement related to U.S. Tax Reform Act

    –

    –

    –

    5

    –

    5

    –

    0.03

    EBITDA / Loss from discontinued operations

    1

    12

     N/A 

     N/A 

    1

    12

    0.01

    0.07

    Loss on sale of business/assets

    2

    1

    –

    3

    2

    4

    0.01

    0.02

    Fair value adjustments to Venator investment, net and other tax matter adjustments

    –

    (5)

    –

    –

    –

    (5)

    –

    (0.03)

    Certain legal and other settlements and related expenses, net

    –

    11

    –

    2

    –

    13

    –

    0.08

    Amortization of pension and postretirement actuarial losses

    8

    9

    (2)

    2

    6

    11

    0.03

    0.06

    Restructuring, impairment and plant closing and transition costs

    12

    6

    (1)

    3

    11

    9

    0.06

    0.05


    Adjusted (1)

    $          94

    $        131

    $           (6)

    $         (23)

    (5)

    17

    $      (0.03)

    $       0.10


    Adjusted income tax expense(1)

    6

    23


    Net income attributable to noncontrolling interests

    14

    16



    Adjusted pre-tax income (1)

    $          15

    $          56



    Adjusted effective tax rate (3)

    40 %

    41 %



    Effective tax rate

    (43 %)

    115 %



     Income tax 

     Net (loss) 

     Diluted (loss) income 

     EBITDA 

    and other expense

     income 

     per share 

    Nine months ended

    Nine months ended

    Nine months ended

    Nine months ended

    September 30, 

    September 30, 

    September 30, 

    September 30, 

    In millions, except per share amounts

    2025

    2024

    2025

    2024

    2025

    2024

    2025

    2024


    Net loss

    $       (145)

    $           (2)

    $       (145)

    $           (2)

    $      (0.84)

    $      (0.01)

    Net income attributable to noncontrolling interests

    (43)

    (46)

    (43)

    (46)

    (0.25)

    (0.27)


    Net loss attributable to Huntsman Corporation

    (188)

    (48)

    (188)

    (48)

    (1.09)

    (0.28)

    Interest expense, net from continuing operations

    60

    60


    Income tax expense from continuing operations

    25

    32

    $         (25)

    $         (32)


    Income tax expense (benefit) from discontinued operations(3)

    1

    (8)


    Depreciation and amortization from continuing operations

    214

    214


    Business acquisition and integration (gain) expenses and purchase accounting inventory adjustments

    (5)

    21

    –

    (16)

    (5)

    5

    (0.03)

    0.03

    Income tax settlement related to U.S. Tax Reform Act

    –

    –

    –

    5

    –

    5

    –

    0.03

    EBITDA / Loss from discontinued operations(3)

    –

    20

    N/A

    N/A

    1

    12

    0.01

    0.07

    Establishment of significant deferred tax asset valuation allowances, net

    –

    –

    1

    –

    1

    –

    0.01

    –

    Loss on sale of business/assets

    2

    1

    –

    3

    2

    4

    0.01

    0.02

    Fair value adjustments to Venator investment, net and other tax matter adjustments

    –

    (12)

    –

    2

    –

    (10)

    –

    (0.06)

    Certain legal and other settlements and related (income) expenses, net

    (32)

    13

    7

    1

    (25)

    14

    (0.14)

    0.08

    Amortization of pension and postretirement actuarial losses

    22

    25

    (4)

    1

    18

    26

    0.10

    0.15

    Restructuring, impairment and plant closing and transition costs

    141

    25

    (3)

    (3)

    138

    22

    0.80

    0.13


    Adjusted (1)

    $        240

    $        343

    $         (24)

    $         (39)

    (58)

    30

    $      (0.34)

    $       0.17


    Adjusted income tax expense(1)

    24

    39


    Net income attributable to noncontrolling interests

    43

    46



    Adjusted pre-tax income (1)

    $            9

    $        115



    Adjusted effective tax rate (4)

    267 %

    34 %



    Effective tax rate

    (21 %)

    76 %



    N/M = not meaningful


    N/A = not applicable


    See end of press release for footnote explanations.


     






















    Table 5 – Balance Sheets


    September 30, 

    December 31,

    In millions

    2025

    2024


    Cash

    $               468

    $               340

    Accounts and notes receivable, net

    768

    725

    Inventories

    836

    917

    Prepaid expenses

    57

    114

    Other current assets

    53

    29

    Property, plant and equipment, net

    2,475

    2,493

    Other noncurrent assets

    2,425

    2,496

    Total assets

    $            7,082

    $            7,114


    Accounts payable

    $               688

    $               770

    Other current liabilities

    535

    470

    Current portion of debt

    378

    325

    Long-term debt

    1,630

    1,510

    Other noncurrent liabilities

    850

    876

    Huntsman Corporation stockholders’ equity

    2,766

    2,959

    Noncontrolling interests in subsidiaries

    235

    204

    Total liabilities and equity

    $            7,082

    $            7,114

     














    Table 6 – Outstanding Debt 

    September 30, 

    December 31,

    In millions

    2025

    2024


    Debt:


    Revolving credit facility

    $               366

    $                  –

    Senior notes

    1,488

    1,799

    Accounts receivable programs

    124

    –

    Variable interest entities

    9

    16

    Other debt

    21

    20

    Total debt – excluding affiliates

    2,008

    1,835


    Total cash

    468

    340

    Net debt – excluding affiliates (4)

    $            1,540

    $            1,495


    See end of press release for footnote explanations.


     


























    Table 7 – Summarized Statements of Cash Flows


    Three months ended

    Nine months ended

    September 30, 

    September 30, 

    In millions

    2025

    2024

    2025

    2024


    Total cash at beginning of period

    $            399

    $            335

    $            340

    $            540


    Net cash provided by operating activities from continuing operations

    200

    134

    221

    126

    Net cash used in operating activities from discontinued operations

    (4)

    (5)

    (8)

    (16)

    Net cash used in investing activities

    (42)

    (7)

    (74)

    (87)

    Net cash used in financing activities

    (83)

    (129)

    (14)

    (231)

    Effect of exchange rate changes on cash

    (2)

    2

    3

    (2)


    Total cash at end of period

    $            468

    $            330

    $            468

    $            330


    Free cash flow from continuing operations (2) :


    Net cash provided by operating activities from continuing operations

    $            200

    $            134

    $            221

    $            126

    Capital expenditures

    (43)

    (41)

    (116)

    (133)


    Free cash flow from continuing operations (2)

    $            157

    $              93

    $            105

    $              (7)


    Supplemental cash flow information:


    Cash paid for interest

    $              (5)

    $             (14)

    $             (49)

    $             (55)

    Cash paid for income taxes

    (18)

    (16)

    (79)

    (60)

    Cash paid for restructuring and integration

    (7)

    (3)

    (18)

    (26)

    Cash paid for pensions

    (9)

    (9)

    (25)

    (26)

    Depreciation and amortization from continuing operations

    73

    70

    214

    214


    Change in primary working capital:


    Accounts and notes receivable

    $              37

    $              58

    $             (26)

    $             (72)

    Inventories

    55

    (66)

    114

    (137)

    Accounts payable

    (9)

    (1)

    (103)

    21

    Total change in primary working capital

    $              83

    $              (9)

    $             (15)

    $           (188)


    See end of press release for footnote explanations.


     












    Footnotes

    (1)

    We use adjusted EBITDA to measure the operating performance of our business and for planning and evaluating the performance of our business segments.  We provide adjusted net income (loss) because we feel it provides meaningful insight for the investment community into the performance of our business.  We believe that net income (loss) is the performance measure calculated and presented in accordance with generally accepted accounting principles in the U.S. (“GAAP”) that is most directly comparable to adjusted EBITDA and adjusted net income (loss).  Additional information with respect to our use of each of these financial measures follows:


    Adjusted EBITDA, adjusted net income (loss) and adjusted diluted income (loss) per share, as used herein, are not necessarily comparable to other similarly titled measures of other companies.


    Adjusted EBITDA is computed by eliminating the following from net income (loss):  (a) net income attributable to noncontrolling interests; (b) interest expense, net; (c) income taxes; (d) depreciation and amortization; (e) amortization of pension and postretirement actuarial losses; (f) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted EBITDA in Table 4 above. 


    Adjusted net income (loss) and adjusted diluted income (loss) per share are computed by eliminating the after tax impact of the following items from net income (loss): (a) net income attributable to noncontrolling interests; (b) amortization of pension and postretirement actuarial losses; (c) restructuring, impairment and plant closing and transition costs; and further adjusted for certain other items set forth in the reconciliation of net income (loss) to adjusted net income (loss) in Table 4 above.  The income tax impacts, if any, of each adjusting item represent a ratable allocation of the total difference between the unadjusted tax expense and the total adjusted tax expense, computed without consideration of any adjusting items using a with and without approach.


    We may disclose forward-looking adjusted EBITDA because we cannot adequately forecast certain items and events that may or may not impact us in the near future, such as business acquisition and integration expenses and purchase accounting inventory adjustments, net, certain legal and other settlements and related expenses, gains on sale of businesses/assets and certain tax only items, including tax law changes not yet enacted. Each of such adjustment has not yet occurred, is out of our control and/or cannot be reasonably predicted. In our view, our forward-looking adjusted EBITDA represents the forecast net income on our underlying business operations but does not reflect any adjustments related to the items noted above that may occur and can cause our adjusted EBITDA to differ.


    (2)

    We believe free cash flow is an important indicator of our liquidity as it measures the amount of cash we generate. Management internally uses free cash flow measure to: (a) evaluate our liquidity, (b) evaluate strategic investments, (c) plan stock buyback and dividend levels and (d) evaluate our ability to incur and service debt. Free cash flow is defined as net cash provided by (used in) operating activities less capital expenditures. Free cash flow is not a defined term under U.S. GAAP, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures.


    (3)

    We believe the adjusted effective tax rate provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the businesses’ operational profitability and that may obscure underlying business results and trends. In our view, effective tax rate is the performance measure calculated and presented in accordance with U.S. GAAP that is most directly comparable to adjusted effective tax rate. The reconciliation of historical adjusted effective tax rate and effective tax rate is set forth in Table 4 above. Please see the reconciliation of our net income to adjusted net income in Table 4 for details regarding the tax impacts of our non-GAAP adjustments.


    (4)

    Net debt is a measure we use to monitor how much debt we have after taking into account our total cash. We use it as an indicator of our overall financial position, and calculate it by taking our total debt, including the current portion, and subtracting total cash.

    About Huntsman:

    Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,300 associates within our continuing operations. For more information about Huntsman, please visit the company’s website at  www.huntsman.com . 

    Social Media:

    X : http://www.x.com/Huntsman_Corp
    Facebook     : www.facebook.com/huntsmancorp
    LinkedIn     : www.linkedin.com/company/huntsman

    Forward-Looking Statements: 

    This press release includes “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 forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words “estimates,” “expects,” “anticipates,” “likely,” “projects,” “outlook,” “plans,” “intends,” “believes,” “forecasts,” or future or conditional verbs, such as “will,” “should,” “could” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management’s examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company’s operations, markets, products, prices and other factors as discussed in the Company’s filings with the Securities and Exchange Commission (the “SEC”). Significant risks and uncertainties may relate to, but are not limited to, high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company’s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company’s businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/huntsman-announces-third-quarter-2025-earnings-302607844.html

    SOURCE Huntsman Corporation

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  • Regional airline Eastern Airways enters administration

    Regional airline Eastern Airways enters administration

    UK regional airline Eastern Airways has entered administration after the majority of its 330 staff were made redundant last week.

    The airline had operated across the UK, Ireland and Europe, and ran services supported by the Scottish government for people in the northernmost point of mainland UK.

    However, after a contract to operate services for Dutch airline KLM was ended, the carrier had been left with a cost base that was “too high to be sustainable”, the administrators said.

    Jamie Miller from RSM UK Restructuring Advisory, who has been appointed joint administrator, said sufficient staff had been retained to maintain the fleet while they sought to rescue some or all of Eastern’s operations.

    He added: “We would welcome any interest from potential alternative operators, or those who may have an interest in the underlying assets.”

    RSM said Eastern Airways had been operating four aircraft for KLM Cityhopper in Europe, but, when this contract was terminated, it had left Eastern with “high fixed overheads and a staff base that has ultimately proved too high to be sustainable”.

    The company had filed a notice of intention to appoint an administrator on 27 October after the Civil Aviation Authority announced all of its flights had been cancelled.

    Launched in 1997, Eastern is one of the UK’s last remaining regional airlines and is based at Humberside Airport in North Lincolnshire.

    But the airline has faced financial challenges since the Covid pandemic, in part due to falling passenger numbers.

    It also operates out of East Midlands, Jersey, Manchester, Newcastle, Newquay and Southampton, as well as Esbjerg in Denmark.

    It has been an operator in the North Sea offshore oil and gas industry, flying between UK cities with a significant presence in the sector such as Aberdeen, Humberside, Teesside and Wick.

    It has run a weekday service between Wick John O’Groats Airport and Aberdeen, which is seen as vital for people living in the most northerly point on mainland UK.

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  • Intellia Therapeutics Announces Third Quarter 2025 Financial Results and Recent Updates – Intellia Therapeutics

    1. Intellia Therapeutics Announces Third Quarter 2025 Financial Results and Recent Updates  Intellia Therapeutics
    2. Intellia Gears Up to Report Q3 Earnings: What’s in the Cards?  Zacks Investment Research
    3. NTLA FY2027 EPS Reduced by Brookline Capital Management  MarketBeat
    4. Intellia (NASDAQ: NTLA) completes HAELO Phase 3 enrollment; topline mid-2026  Stock Titan
    5. Intellia Therapeutics (NTLA) Expected to Announce Quarterly Earnings on Thursday  MarketBeat

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  • Boeing Company – Air Astana Selects up to 15 Boeing 787 Dreamliners to Expand Global Network

    Boeing Company – Air Astana Selects up to 15 Boeing 787 Dreamliners to Expand Global Network

    • Airline’s largest-ever order commitment highlights Central Asia’s rising role in global aviation
    • Kazakhstan’s flag carrier will grow and modernize its exclusive Boeing widebody fleet

    WASHINGTON, Nov. 6, 2025 /PRNewswire/ — Boeing [NYSE: BA] and Air Astana JSC announced today the Kazakhstan flag carrier will purchase up to 15 787 Dreamliners to grow and modernize its fleet. The agreement for additional 787-9 airplanes will enable Air Astana to expand its operations and enhance its passengers’ experience.

    When the order is finalized and posted to Boeing’s Orders & Deliveries website, it will be Air Astana’s largest single airplane purchase and will support more than 20,000 jobs across the U.S. With three more 787-9 airplanes to be delivered via lessors, Air Astana’s 787 fleet will grow up to 18 787-9 airplanes to fuel its long-haul capabilities.

    “Air Astana is strategically committed to boosting its service capabilities from Central Asia / Caucasus to Asia, Europe and the rest of the world over the next decade, with the arrival of the first Boeing 787-9 Dreamliner next year marking the start of this exciting phase of development,” said Peter Foster, CEO of Air Astana. “With its customer friendly cabin, fuel efficiency and range flexibility, the fleet of up to 18 Boeing 787-9 aircraft is destined to become an outstanding success with the airline and its discerning passengers.”

    Air Astana currently operates three Boeing 767 widebody jets across a network that connects Kazakhstan with destinations in Europe, Asia and the Middle East. The airline will leverage the ultra-efficient 787-9, which will seat 303 passengers, to grow capacity across its existing routes and enable expansion into North America.

    The agreement was signed at the C5+1 Summit as the U.S. marks the 10th anniversary of the diplomatic platform.

    “Boeing airplanes have been integral to Air Astana’s operations from the beginning and we’re proud the 787 Dreamliner will support Central Asia’s growing importance in aviation,” said Paul Righi, vice president of Boeing Commercial Sales for Eurasia and India. “Air Astana’s decision to expand its fleet with the 787-9 aligns with its vision to boost operational capabilities and efficiency while elevating its service offerings.”

    The 787 Dreamliner is renowned for its fuel efficiency, advanced technology and superior passenger comfort, making it an ideal choice for long-haul operations. Air Astana will join the global operators that leverage the 787 Dreamliner family to fly about 500,000 passengers daily and connect the most countries of any widebody fleet.

    A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

    Contact
    Boeing Media Relations
    [email protected]

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/air-astana-selects-up-to-15-boeing-787-dreamliners-to-expand-global-network-302607807.html

    SOURCE Boeing

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  • Meta ad tools ‘potent instruments’ for scammers

    New reporting shows Meta is profiting from billions in revenue generated by scam advertising on Facebook and Instagram.

    Cristobal Cheyre, assistant professor of information science, studies the effects of behaviorally targeted advertising on user behavior and well-being.

    Cheyre says:

    “Reuters’ investigation exposes a dark facet of behaviorally targeted advertising. Meta’s ad tools – engineered to maximize engagement – have also become potent instruments for scammers, enabling them to identify and repeatedly target vulnerable users with precision. The volume of fraudulent ads uncovered is staggering, yet it likely represents only the visible tip of a much larger ecosystem of deceptive, exploitative advertising sustained by behavioral targeting.

    “Beyond the numbers lies an even greater, largely unmeasured story of consumer loss. If scammers are spending billions each year on Meta’s platforms, they must be earning several times that amount – pure consumer losses that go uncounted.

    “Meta’s response underscores a deeper failure of incentives: it bans only the most flagrant offenders while allowing others under suspicion to remain active, so long as they pay higher ad rates. This structure perversely rewards the most profitable scams – and ensures the platform takes a larger share of their proceeds.

    “The findings call for a clearer understanding of the consumer losses caused by misleading and fraudulent ads – and for new accountability mechanisms that go beyond penalizing ill-gotten profits to hold platforms liable for the financial harms they enable by giving scammers access to user data and powerful targeting tools.”

    Cornell University has dedicated television and audio studios available for media interviews.

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  • OpenAI does not 'want government guarantees' for massive AI data center buildout, CEO Altman says – Reuters

    1. OpenAI does not ‘want government guarantees’ for massive AI data center buildout, CEO Altman says  Reuters
    2. Is AI Too Big To Fail? OpenAI’s Finance Chief May Have Said the Quiet Part Out Loud.  Barron’s
    3. Sam Altman says he doesn’t want the government to bail out OpenAI if it fails  Yahoo Finance
    4. White House AI Czar Rules Out Federal Bailout for the Sector  US News Money
    5. OpenAI walks back comments about government support for its AI spending  MarketWatch

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  • Peloton recalls more than 800,000 US exercise bikes over faulty seat post | US news

    Peloton recalls more than 800,000 US exercise bikes over faulty seat post | US news

    The US Consumer Product Safety Commission said on Thursday that Peloton Interactive is recalling about 833,000 units of its Original Bike+ Model PL02 after reports that the seat post assembly could break during use, posing a risk of falls and injuries.

    The consumer safety regulator said the fitness products maker has received three reports of the seat post breaking and detaching during use, including two incidents that resulted in injuries from falls.

    Consumers have been urged to stop using the recalled bikes immediately and contact Peloton for a free repair. The company is offering customers a replacement seat post that can be self-installed.

    The recall follows a 2023 voluntary pullback of more than 2 million of Peloton’s original model bikes, which were recalled over a similar seat post issue.

    The company’s shares, down 18.1% so far this year, dropped 6.5% in New York on Thursday.

    Peloton has been cutting costs and reducing headcount under a turnaround effort, while raising prices for its products to help offset higher expenses tied to Donald Trump’s tariffs.

    In August, the company said it would reduce its global workforce by 6% and warned that the latest tariffs were expected to dent its 2026 free cash flow by about $65m.

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  • Investment Managers Turn to AI for Competitive Advantage and Efficiencies | Insights

    This article, featuring partners Howard Glazer and Melissa Bender and director of technology innovation Sergey Polak, was originally published in Corporate Counsel on October 29, 2025.

    It’s no secret that Al is a transformative technology that is beginning to reshape industries. Investment management is no exception, and a recent collaborative survey by Corporate Counsel and Ropes & Gray is bringing to light the priorities, drivers, concerns, and progress of Al adoption for investment managers.

    Most striking about the survey data may be the speed of adoption, with nearly 75% of in-house counsel surveyed saying they are using Al in their organizations’ operations, and the rest reporting early-stage pilots or exploration of Al initiatives.

    It’s also something Ropes & Gray’s attorneys are seeing firsthand, with a laser-like focus on the technology, “Al is fundamentally transforming the business landscape, creating new opportunities and challenges for investment managers, private equity firms, asset managers and public companies,” said Howard Glazer, partner and head of Ropes & Gray’s private equity transactions practice.

    However, investment managers face concerns and barriers when considering the use of Al. According to the survey results, security of the tools and product indecision are top of the list. To allay these, clients can leverage Ropes & Gray’s experience. When clients are unable to invest time and money vetting and configuring software tools, Ropes & Gray can advise them.

    ‘There are an overwhelming number of tools and products available,” said Melissa Bender, a Ropes & Gray asset management partner and co-head of the firm’s private funds practice. “We help clients both understand what these Al software tools can and cannot do and evaluate which tools best meet their needs. In some cases, clients may choose not to license software tools themselves but will instead look to Ropes & Gray for implementation.”

    “We’re able to use these tools in the most effective ways to help them,” said Sergey Polak, director of technology innovation at Ropes & Gray. “We advise our clients in considering both the technical risks and the legal risks. On the technical side, we do very detailed due diligence on these tools.”

    As is true across Ropes & Gray, the firm’s asset management attorneys and the technology team often work hand-in-hand assisting clients. “Our cross-practice teams deliver deep expertise across every angle of Al use, risk assessment, tool evaluation, and investment, helping clients leverage Al for their own competitive advantage,” said Glazer.

    Enhancing operational efficiency, strengthening compliance and risk functions, and staying competitive with peers are leading reasons in-house counsel cited as primary motivations to implement Al.

    In the heavily regulated asset management sector clients need to ensure that their compliance policies are current as they implement these tools, Bender said. “But the tools themselves can also help clients meet their regulatory compliance obligations.”

    Ropes & Gray’s private funds regulatory team recently used an Al tool to build a database of SEC exam requests and is building a similar database for disclosure documents. The disclosure database will allow clients to compare their disclosure documents across several products to ensure they are consistent and that what they are doing is best-in-class, she said.

    Clients are very interested in what their peer firms are doing, particularly in terms of their fund agreements and broader market terms. Historically, that data could be pulled, but it was a manual process often involving significant time and expense. By using Al, Ropes & Gray and its clients can very quickly access benchmarking information, Bender said.

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  • Societe Generale sees strong catalysts for reshoring in 2026. These names could benefit

    Societe Generale sees strong catalysts for reshoring in 2026. These names could benefit

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  • US layoffs for October surge to two-decade high, Challenger data shows – Reuters

    1. US layoffs for October surge to two-decade high, Challenger data shows  Reuters
    2. October Challenger Report: 153,074 Job Cuts on Cost-Cutting & AI  Challenger, Gray & Christmas, Inc.
    3. Jerome Powell and the Fed Have New Bearish Jobs Data to Mull  CoinDesk
    4. A Wave of US Layoffs Flash Early Warning Sign for Job Market  Bloomberg.com
    5. CNBC’s Joe Kernen Offers Positive Spin to Layoffs Hitting 20-Year High Under Trump: ‘We’re on Our Way Back Up!’  Yahoo Finance

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