Huntsman Corporation (HUN) Q1 2024 Earnings Call Transcript

May 03, 2024 2:50 PM ETHuntsman Corporation (HUN) Stock

Q1: 2024-05-02 Earnings Summary

EPS of -$0.06 beats by $0.00 | Revenue of $1.47B (-8.47% Y/Y) misses by $1.15M

Huntsman Corporation (NYSE:HUN) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET

Company Participants

Ivan Marcuse – VP, IR & Corporate Development
Peter Huntsman – Chairman, CEO & President
Phil Lister – EVP & CFO

John Roberts

Then I had thought you had already exited epoxy BLR resin that’s there. So, what else are you exiting that I thought you exited before and how much is left to go?

Peter Huntsman

Well, again, when we look at our epoxy businesses, we do continue to produce some commodity grades of epoxies and we will do that as we base load some of our facilities. Our emphasis is going to continue to be able to take that volume and moving it into higher value added components and so forth. But, yes, you do have some of the low end of your reactions — reactors that take place and your production that takes place that I consider to be commodity and that — you’re always going to be exiting the bottom end of that and pushing more volume on the upper end of that margin scale. So, not sure that it’s all necessarily, when we talked about exiting businesses, isn’t necessarily all BLR. I would just say that as we look at our capacity, availability and where we want to put our emphasis, that may be beyond just basic BLR as well.

Phil Lister

Yeah. And John, for context, I mean, BLR used to be about 50%, if you go back ten years. Today, we still have some business as Peter says, it’s about 10% of our volumes and we continue to move that down when appropriate.

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