Huntsman Reports Q2 Results Ahead of Olin Merger Vote
Huntsman Corporation narrowed its net loss to $6 million in the second quarter of 2026, a significant improvement over the $158 million loss recorded during the same period last year. As the chemical manufacturer navigates fluctuating energy costs, the company is preparing for a pivotal shareholder vote on its merger with Olin Corporation.
The company reported adjusted EBITDA of $120 million for the quarter, rising from $74 million in the prior year. CEO Peter R. Huntsman attributed the results to increased sales volumes across all three core segments—Polyurethanes, Performance Products, and Advanced Materials—and targeted pricing strategies that helped mitigate the impact of rising raw material costs. Despite these gains, the firm faced headwinds from volatile energy prices, particularly within its European operations.
Financial liquidity remains a primary focus, with the company reporting $0.9 billion in combined cash and unused borrowing capacity as of June 30. Looking ahead, management is prioritizing the integration process for the upcoming all-stock merger with Olin Corporation. Shareholders are scheduled to cast their votes on the transaction on August 25, 2026, a move the company expects will enhance its financial scale and vertical integration.
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