Huntsman Corporation reported second quarter 2024 results with revenues of US$ 1,574 million as compared to  US$ 1,596 million in 2Q 2023.

Q2 2024 net income attributable to Huntsman of US$ 22 million compared to net income of US$ 19 million in the prior year period.

Q2 2024 adjusted net income attributable to Huntsman of US$ 24 million compared to adjusted net income of US$ 39 million in the prior year period. Second quarter 2024 adjusted EBITDA of US$ 131 million compared to US$ 156 million in the prior year period.

Q2 2024 net cash provided by operating activities from continuing operations was US$ 55 million. Free cash flow from continuing operations was US$ 5 million for the second quarter 2024 compared to a use of cash of US$ 11 million in the prior year period.

Peter R. Huntsman, Chairman, President, and CEO, commented: "Our second quarter 2024 was consistent with our expectations and represented a $50 million adjusted EBITDA improvement compared to the first quarter. Our sales volumes improved 9% year over year and we expect our growth comparisons to continue to be favorable in the second half of the year. That said, we do not expect global economic activity to change substantially from the current levels through the remainder of the third quarter. We will continue to control our costs, focus on cash flow and drive stronger sales volumes compared to 2023 with higher overall utilization rates. Our balance sheet is strong, and we will remain disciplined in our approach to allocating capital to strengthen our company for the long-term and return cash to shareholders."