Huntsman Corporation reported fourth quarter 2024 revenues of $1,452 million, a 3% increase from $1,403 million in the prior-year period. However, the company posted a net loss attributable to Huntsman of $141 million, a significant increase from a $71 million loss in Q4 2023.
Adjusted net loss for the quarter was $43 million, compared to a $36 million loss in Q4 2023, while adjusted EBITDA increased by 61% to $71 million from $44 million. Diluted loss per share was $0.82, compared to a $0.41 loss in the prior-year period.
For the full year 2024, revenues were $6,036 million, a 1% decrease from $6,111 million in 2023, and the company reported a net loss of $189 million, a reversal from a $101 million net income in 2023. Huntsman announced workforce reductions in its Polyurethanes segment and is assessing strategic options for its European maleic anhydride business, alongside closing downstream Polyurethanes facilities.
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