Huntsman Corporation (HUN) reported a 16% year-over-year increase in Polyurethanes revenue in Q2 2026, driven by higher prices and stronger volumes in the Americas and Europe. Adjusted EBITDA more than doubled to $66 million. The company anticipates adjusted EBITDA for Q3 to range between $60-$75 million, impacted by an ongoing weak construction market.
Huntsman is reducing structural costs through site closures and layoffs, achieving a $120 million annualized run rate. The company plans to cut over 500 jobs and implement multiple closures, expecting cumulative savings to exceed $100 million in 2026 and $120 million in 2027.
Additionally, Huntsman is progressing towards a merger with Olin Corporation (OLN), which is expected to create OlinHuntsman Corporation with projected revenues of approximately $12.5 billion by 2025. The merger has cleared the U.S. Hart-Scott-Rodino waiting period and is targeting a closure in the first half of 2027, pending regulatory approvals.
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