3 months ended

9 months ended

September 30,

September 30,

In tens of millions, aside from consistent with percentage quantities

2024

2023

2024

2023

Revenues

$     1,540

$     1,506

$     4,584

$     4,708

Internet (loss) source of revenue due to Huntsman Company

$        (33)

$          –

$        (48)

$        172

Adjusted web source of revenue⁽¹⁾

$          17

$          27

$          30

$        103

Diluted (loss) source of revenue consistent with percentage

$      (0.19)

$          –

$      (0.28)

$       0.95

Adjusted diluted source of revenue consistent with percentage⁽¹⁾

$       0.10

$       0.15

$       0.17

$       0.57

Adjusted EBITDA⁽¹⁾

$        131

$        136

$        343

$        428

Internet money equipped by means of working actions from proceeding operations

$        134

$        167

$        126

$          85

Separate money stream from proceeding operations⁽²⁾

$          93

$        117

$          (7)

$        (62)

See finish of press let go for footnote explanations and reconciliations of non-GAAP measures.

Desk 1 – Result of Operations

3 months ended

9 months ended

September 30,

September 30,

In tens of millions, aside from consistent with percentage quantities

2024

2023

2024

2023

Revenues

$     1,540

$     1,506

$     4,584

$     4,708

Value of products offered

1,306

1,275

3,906

3,954

Rude benefit

234

231

678

754

Working bills, web

187

198

600

609

Restructuring, impairment and plant last prices

5

6

20

7

Achieve on acquisition of property, web

–

–

(51)

–

Pay as you go asset write-off

–

–

71

–

Working source of revenue

42

27

38

138

Hobby expense, web

(21)

(15)

(60)

(48)

Fairness in source of revenue of funding in unconsolidated associates

5

30

42

70

Alternative source of revenue (expense), web

8

–

22

(2)

Source of revenue from proceeding operations ahead of source of revenue taxes

34

42

42

158

Source of revenue tax expense

(39)

(27)

(32)

(66)

(Loss) source of revenue from proceeding operations

(5)

15

10

92

(Loss) source of revenue from discontinued operations, web of tax⁽³⁾

(12)

–

(12)

120

Internet (loss) source of revenue

(17)

15

(2)

212

Internet source of revenue due to noncontrolling pursuits

(16)

(15)

(46)

(40)

Internet (loss) source of revenue due to Huntsman Company

$        (33)

$             –

$        (48)

$        172

Adjusted EBITDA⁽¹⁾

$        131

$        136

$        343

$        428

Adjusted web source of revenue ⁽¹⁾

$          17

$          27

$          30

$        103

Unsophisticated (loss) source of revenue consistent with percentage

$      (0.19)

$             –

$      (0.28)

$       0.96

Diluted (loss) source of revenue consistent with percentage

$      (0.19)

$             –

$      (0.28)

$       0.95

Adjusted diluted source of revenue consistent with percentage⁽¹⁾

$       0.10

$       0.15

$       0.17

$       0.57

Habitual percentage knowledge:

Unsophisticated weighted moderate stocks

172

176

172

179

Diluted weighted moderate stocks

172

177

172

181

Diluted stocks for adjusted diluted source of revenue consistent with percentage

173

177

173

181

See finish of press let go for footnote explanations.

Desk 2 – Result of Operations by means of Branch

3 months ended

9 months ended

September 30,

Higher /

September 30,

(Worse) /

In tens of millions

2024

2023

(Worse)

2024

2023

Higher

Branch Revenues:

Polyurethanes

$     1,003

$        967

4 %

$     2,930

$     2,970

(1 %)

Efficiency Merchandise

280

277

1 %

870

918

(5 %)

Complicated Fabrics

261

268

(3 %)

801

841

(5 %)

General Reportable Areas’ Revenues

1,544

1,512

2 %

4,601

4,729

(3 %)

Intersegment Eliminations

(4)

(6)

n/m

(17)

(21)

n/m

General Revenues

$     1,540

$     1,506

2 %

$     4,584

$     4,708

(3 %)

Branch Adjusted EBITDA⁽¹⁾:

Polyurethanes

$          76

$          81

(6 %)

$        195

$        235

(17 %)

Efficiency Merchandise

42

47

(11 %)

130

173

(25 %)

Complicated Fabrics

47

49

(4 %)

142

148

(4 %)

General Reportable Areas’ Adjusted EBITDA⁽¹⁾

165

177

(7 %)

467

556

(16 %)

Company, LIFO and alternative

(34)

(41)

17 %

(124)

(128)

3 %

General Adjusted EBITDA⁽¹⁾

$        131

$        136

(4 %)

$        343

$        428

(20 %)

n/m = now not significant

See finish of press let go for footnote explanations.

Desk 3 – Elements Impacting Gross sales Income

3 months ended

September 30, 2024 vs. 2023

Moderate Promoting Value^(a)

Native

Alternate

Gross sales

Forex & Combine

Charge

Quantity^(b)

General

Polyurethanes

(1 %)

0 %

5 %

4 %

Efficiency Merchandise

(3 %)

0 %

4 %

1 %

Complicated Fabrics

(7 %)

(1 %)

5 %

(3 %)

9 months ended

September 30, 2024 vs. 2023

Moderate Promoting Value^(a)

Native

Alternate

Gross sales

Forex & Combine

Charge

Quantity^(b)

General

Polyurethanes

(9 %)

0 %

8 %

(1 %)

Efficiency Merchandise

(10 %)

0 %

5 %

(5 %)

Complicated Fabrics

(9 %)

0 %

4 %

(5 %)

(a) Excludes gross sales from tolling preparations, by-products and uncooked fabrics.

(b) Excludes gross sales from by-products and uncooked fabrics.

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

 Source of revenue Tax 

 Internet (Loss) 

 Diluted (Loss) Source of revenue 

 EBITDA 

Expense

 Source of revenue 

 Consistent with Proportion 

3 months ended

3 months ended

3 months ended

3 months ended

September 30,

September 30,

September 30,

September 30,

In tens of millions, aside from consistent with percentage quantities

2024

2023

2024

2023

2024

2023

2024

2023

Internet (loss) source of revenue

$         (17)

$          15

$         (17)

$          15

$      (0.10)

$       0.08

Internet source of revenue due to noncontrolling pursuits

(16)

(15)

(16)

(15)

(0.09)

(0.08)

Internet loss due to Huntsman Company

(33)

–

(33)

–

(0.19)

–

Hobby expense, web from proceeding operations

21

15

Source of revenue tax expense from proceeding operations

39

27

$         (39)

$         (27)

Source of revenue tax have the benefit of discontinued operations⁽³⁾

–

(2)

Depreciation and amortization from proceeding operations

70

69

Trade acquisition and integration bills and buy accounting stock changes

–

–

1

1

1

1

0.01

0.01

Source of revenue tax agreement matching to U.S. Tax Reform Employment

–

–

5

–

5

–

0.03

–

EBITDA / Loss from discontinued operations⁽³⁾

12

2

 N/A 

 N/A 

12

–

0.07

–

Loss on sale of commercial/property

1

–

3

–

4

–

0.02

–

Truthful price changes to Venator funding, web

(5)

–

–

–

(5)

–

(0.03)

–

Positive prison and alternative settlements and matching bills⁽⁶⁾

11

2

2

–

13

2

0.08

0.01

Positive non-recurring knowledge generation challenge implementation prices

–

2

–

1

–

3

–

0.02

Amortization of pension and postretirement actuarial losses

9

10

2

–

11

10

0.06

0.06

Restructuring, impairment and plant last and transition prices

6

11

3

–

9

11

0.05

0.06

Adjusted⁽¹⁾

$        131

$        136

$         (23)

$         (25)

17

27

$       0.10

$       0.15

Adjusted source of revenue tax expense⁽¹⁾

23

25

Internet source of revenue due to noncontrolling pursuits

16

15

Adjusted pre-tax source of revenue ⁽¹⁾

$          56

$          67

Adjusted efficient tax price⁽⁴⁾

41 %

37 %

Efficient tax price

115 %

64 %

 Source of revenue Tax 

 Diluted (Loss) Source of revenue 

 EBITDA 

Expense

 Internet (Loss) Source of revenue 

 Consistent with Proportion 

9 months ended

9 months ended

9 months ended

9 months ended

September 30,

September 30,

September 30,

September 30,

In tens of millions, aside from consistent with percentage quantities

2024

2023

2024

2023

2024

2023

2024

2023

Internet (loss) source of revenue

$           (2)

$        212

$           (2)

$        212

$      (0.01)

$       1.17

Internet source of revenue due to noncontrolling pursuits

(46)

(40)

(46)

(40)

(0.27)

(0.22)

Internet (loss) source of revenue due to Huntsman Company

(48)

172

(48)

172

(0.28)

0.95

Hobby expense, web from proceeding operations

60

48

Source of revenue tax expense from proceeding operations

32

66

$         (32)

$         (66)

Source of revenue tax (get advantages) expense from discontinued operations⁽³⁾

(8)

14

Depreciation and amortization from proceeding operations

214

208

Trade acquisition and integration bills and buy accounting stock changes

21

3

(16)

–

5

3

0.03

0.02

Source of revenue tax agreement matching to U.S. Tax Reform Employment

–

–

5

–

5

–

0.03

–

EBITDA / Loss (source of revenue) from discontinued operations⁽³⁾

20

(134)

N/A

N/A

12

(120)

0.07

(0.66)

Loss (acquire) on sale of commercial/property

1

(1)

3

–

4

(1)

0.02

(0.01)

Truthful price changes to Venator funding, web

(12)

5

2

–

(10)

5

(0.06)

0.03

Positive prison and alternative settlements and matching bills⁽⁶⁾

13

4

1

–

14

4

0.08

0.02

Positive non-recurring knowledge generation challenge implementation prices

–

5

–

–

–

5

–

0.03

Amortization of pension and postretirement actuarial losses

25

25

1

(2)

26

23

0.15

0.13

Restructuring, impairment and plant last and transition prices

25

13

(3)

(1)

22

12

0.13

0.07

Adjusted⁽¹⁾

$        343

$        428

$         (39)

$         (69)

30

103

$       0.17

$       0.57

Adjusted source of revenue tax expense⁽¹⁾

39

69

Internet source of revenue due to noncontrolling pursuits

46

40

Adjusted pre-tax source of revenue⁽¹⁾

$        115

$        212

Adjusted efficient tax price⁽⁴⁾

34 %

33 %

Efficient tax price

76 %

42 %

N/A = now not appropriate

See finish of press let go for footnote explanations.

Desk 5 – Stability Sheets

September 30,

December 31,

In tens of millions

2024

2023

Money

$               330

$               540

Accounts and notes receivable, web

829

753

Inventories

1,004

867

Alternative tide property

130

154

Component, plant and gear, web

2,580

2,376

Alternative noncurrent property

2,461

2,558

General property

$            7,334

$            7,248

Accounts payable

$               745

$               719

Alternative tide liabilities

469

441

Tide portion of debt

346

12

Lengthy-term debt

1,513

1,676

Alternative noncurrent liabilities

916

922

Huntsman Company stockholders’ fairness

3,112

3,251

Noncontrolling pursuits in subsidiaries

233

227

General liabilities and fairness

$            7,334

$            7,248

Desk 6 – Remarkable Debt

September 30,

December 31,

In tens of millions

2024

2023

Debt:

Revolving credit score facility

$                  –

$                  –

Senior notes

1,820

1,471

Accounts receivable systems

–

169

Variable pastime entities

19

26

Alternative debt

20

22

General debt – apart from associates

1,859

1,688

General money

330

540

Internet debt – apart from associates⁽⁵⁾

$            1,529

$            1,148

See finish of press let go for footnote explanations.

Desk 7 – Summarized Statements of Money Flows                 

3 months ended

9 months ended

September 30,

September 30,

In tens of millions

2024

2023

2024

2023

General money at starting of length

$            335

$            502

$            540

$            654

Internet money equipped by means of working actions from proceeding operations

134

167

126

85

Internet money impaired in working actions from discontinued operations⁽³⁾

(5)

(4)

(16)

(40)

Internet money (impaired in) equipped by means of making an investment actions from proceeding operations

(7)

(49)

(87)

395

Internet money impaired in making an investment actions from discontinued operations⁽³⁾

–

–

–

(4)

Internet money impaired in financing actions

(129)

(117)

(231)

(581)

Impact of change price adjustments on money

2

(3)

(2)

(13)

General money at finish of length

$            330

$            496

$            330

$            496

Separate money stream from proceeding operations⁽²⁾:

Internet money equipped by means of working actions from proceeding operations

$            134

$            167

$            126

$              85

Capital expenditures

(41)

(50)

(133)

(147)

Separate money stream from proceeding operations⁽²⁾

$              93

$            117

$              (7)

$             (62)

Supplemental money stream knowledge:

Money paid for pastime

$             (14)

$              (9)

$             (55)

$             (43)

Money paid for source of revenue taxes

(16)

(20)

(60)

(82)

Money paid for restructuring and integration

(3)

(13)

(26)

(51)

Money paid for pensions

(9)

(21)

(26)

(41)

Depreciation and amortization from proceeding operations

70

69

214

208

Trade in number one operating capital:

Accounts and notes receivable

$              58

$              17

$             (72)

$              17

Inventories

(66)

56

(137)

33

Accounts payable

(1)

(11)

21

(209)

General exchange in number one operating capital

$              (9)

$              62

$           (188)

$           (159)

See finish of press let go for footnote explanations.

(1)

We importance adjusted EBITDA to measure the working efficiency of our trade and for making plans and comparing the efficiency of our trade areas.  We lend adjusted web source of revenue (loss) as a result of we really feel it supplies significant perception for the funding population into the efficiency of our trade.  We consider that web source of revenue (loss) is the efficiency measure calculated and introduced in line with typically authorised accounting rules within the U.S. (“GAAP”) this is maximum at once similar to adjusted EBITDA and altered web source of revenue (loss).  Extra knowledge with recognize to our importance of every of those monetary measures follows:

Adjusted EBITDA, adjusted web source of revenue (loss) and altered diluted source of revenue (loss) consistent with percentage, as impaired herein, don’t seem to be essentially similar to alternative in a similar way titled measures of alternative firms.

Adjusted EBITDA is computed by means of getting rid of please see from web source of revenue (loss):  (a) web source of revenue due to noncontrolling pursuits; (b) pastime expense, web; (c) source of revenue taxes; (d) depreciation and amortization; (e) amortization of pension and postretirement actuarial losses; (f) restructuring, impairment and plant last and transition prices; and extra adjusted for positive alternative pieces eager forth within the reconciliation of web source of revenue (loss) to adjusted EBITDA in Desk 4 above. 

Adjusted web source of revenue (loss) and altered diluted source of revenue (loss) consistent with percentage are computed by means of getting rid of the later tax have an effect on of please see pieces from web source of revenue (loss): (a) web source of revenue due to noncontrolling pursuits; (b) amortization of pension and postretirement actuarial losses; (c) restructuring, impairment and plant last and transition prices; and extra adjusted for positive alternative pieces eager forth within the reconciliation of web source of revenue (loss) to adjusted web source of revenue (loss) in Desk 4 above.  The source of revenue tax affects, if any, of every adjusting merchandise constitute a ratable allocation of the entire remaining between the unadjusted tax expense and the entire adjusted tax expense, computed with out attention of any adjusting pieces the use of a with and with out means.

We would possibly reveal forward-looking adjusted EBITDA as a result of we can’t adequately forecast positive pieces and occasions that can or won’t have an effect on us within the akin pace, comparable to trade acquisition and integration bills and buy accounting stock changes, web, positive prison and alternative settlements and matching bills, good points on sale of companies/property and sure tax most effective pieces, together with tax regulation adjustments now not but enacted. Every of such adjustment has now not but passed off, is out of our keep an eye on and/or can’t be slightly predicted. In our view, our forward-looking adjusted EBITDA represents the forecast web source of revenue on our underlying trade operations however does now not replicate any changes matching to the pieces famous above that can happen and will reason our adjusted EBITDA to vary.

(2)

Control internally makes use of separate money stream measure: (a) to guage our liquidity, (b) evaluation strategic investments, (c) plan reserve buyback and dividend ranges and (d) evaluation our skill to incur and repair debt. Separate money stream is outlined as web money equipped by means of working actions much less capital expenditures. Separate money stream isn’t an outlined promise beneath U.S. GAAP, and it must now not be inferred that all of the separate money stream quantity is to be had for discretionary expenditures.

(3)

All through the primary quarter 2023, we finished the divestiture of our Textile Results trade, which is reported as discontinued operations at the source of revenue and money stream statements.

(4)

We consider the adjusted efficient tax price supplies advanced comparison between classes throughout the exclusion of positive pieces that control believes don’t seem to be indicative of the companies’ operational profitability and that can difficult to understand underlying trade effects and developments. In our view, efficient tax price is the efficiency measure calculated and introduced in line with U.S. GAAP this is maximum at once similar to adjusted efficient tax price. The reconciliation of ancient adjusted efficient tax price and efficient tax price is ready forth in Desk 4 above. The following the reconciliation of our web source of revenue to adjusted web source of revenue in Desk 4 for main points in regards to the tax affects of our non-GAAP changes.

Our forward-looking adjusted efficient tax price is calculated in line with our forecast efficient tax price, and the field of our forward-looking adjusted efficient tax price equals the field of our forecast efficient tax price. We reveal forward-looking adjusted efficient tax price as a result of we can’t adequately forecast positive pieces and occasions that can or won’t have an effect on us within the akin pace, comparable to trade acquisition and integration bills and buy accounting stock changes, positive prison and alternative settlements and matching bills, good points on sale of companies/property and sure tax most effective pieces, together with tax regulation adjustments now not but enacted. Every of such adjustment has now not but passed off, is out of our keep an eye on and/or can’t be slightly predicted. In our view, our forward-looking adjusted efficient tax price represents the forecast efficient tax price on our underlying trade operations however does now not replicate any changes matching to the pieces famous above that can happen and will reason our efficient tax price to vary.

(5)

Internet debt is a measure we importance to observe how a lot debt we’ve later bearing in mind our overall money. We importance it as a hallmark of our general monetary place, and calculate it by means of taking our overall debt, together with the tide portion, and subtracting overall money.

(6)

Positive prison and alternative settlements and matching bills for the 3 and 9 months ended September 30, 2024 contains roughly $10 million matching to the agreement of a declare in reference to a business dispute.