THE WOODLANDS, Texas - Huntsman Corporation (NYSE: NYSE:HUN) has revised its fourth quarter 2023 adjusted EBITDA expectations to a range of $40M to $45M, a significant decrease from the previously projected $65M to $90M. The adjustment, announced today, is attributed mainly to persistent challenges in the Polyurethanes segment, including reduced equity earnings and the adverse effects of an unexpected outage at the company's Rotterdam facility. The outage has since been addressed.
These preliminary figures are part of an update ahead of the corporation's full earnings release and are subject to the finalization of the annual audit. Huntsman plans to hold a conference call on Thursday, February 22, 2024, to discuss the detailed financial results for the fourth quarter of 2023. The call will feature an initial briefing followed by a Q&A session.
The earnings details, alongside financial statements and segment information, will be made available after the market close on February 21, 2024. Additionally, presentation materials and prepared remarks will be posted on Huntsman's investor relations website.
Huntsman Corporation, with 2022 revenues of approximately $8B, operates globally, manufacturing and marketing a wide array of specialty and differentiated chemicals. The company employs around 7,000 associates and maintains facilities in nearly 30 countries.
The information provided in this update includes forward-looking statements, which are subject to various risks and uncertainties. These could affect the company's operations and financial performance, and actual results may differ from the projections made in these statements. This news is based on a press release statement from Huntsman Corporation.
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