Huntsman Expects Q3 Earnings To Exceed Q2

Huntsman (HUN), a chemical manufacturer, said Monday it expects Q3 results to exceed Q2, when it reported adjusted earnings of $0.85 per share and $2.62 billion in revenues.

The company attributed the expected improvement to the strength of its polyurethanes business and the continued recovery of the performance products business. The company’s Q3 earnings will exclude the pigments and additives division, which will be reported as discontinued operations.

Huntsman meanwhile said that operations in the Texas Gulf Coast region that were temporarily impacted by Hurricane Harvey are in various stages of operations or startup and will resume full operations as engineering and safety checks are completed and raw materials become available. Harvey’s impact on Q3 adjusted EBITDA is expected between $35 million and $40 million.

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