Huntsman Cuts Q4 Adjusted EBITDA To $40M-$45M From Original Guidance Of $65M-$90M Due To Continued Pressure In Polyurethanes Segment
Portfolio Pulse from Benzinga Newsdesk
Huntsman Corporation has reduced its Q4 adjusted EBITDA forecast to $40M-$45M, down from the previously guided range of $65M-$90M. The revision is attributed to ongoing challenges in the Polyurethanes segment.
January 19, 2024 | 12:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Huntsman Corporation has lowered its Q4 adjusted EBITDA expectations due to persistent difficulties in its Polyurethanes business.
The significant reduction in the EBITDA forecast for Huntsman Corporation is a clear negative signal to the market, indicating that the company is facing more severe challenges than previously anticipated. This is likely to negatively affect investor sentiment and could lead to a short-term decline in the stock price. The Polyurethanes segment is a critical part of Huntsman's business, and continued pressure in this area suggests underlying issues that may take time to resolve.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100