MergerJul 30, 2026, 04:37 PM
Huntsman Updates on Olin Merger Progress; Reports Q2 2026 Results
AI Summary
Huntsman Corporation provided an update on its planned all-stock merger of equals with Olin Corporation, confirming the stockholder vote is scheduled for August 25, 2026. The company reported improved financial results for Q2 2026, with revenues increasing to $1,663 million and net loss attributable to Huntsman significantly narrowing to $6 million from $158 million year-over-year. Adjusted EBITDA also saw a substantial increase to $120 million. However, free cash flow was a use of $90 million for the quarter.
Key Highlights
- Merger of equals with Olin Corporation continues to progress, with stockholder vote scheduled for August 25, 2026.
- Q2 2026 revenues increased to $1,663 million, up from $1,458 million in the prior year period.
- Q2 2026 net loss attributable to Huntsman improved to $6 million, compared to a net loss of $158 million YoY.
- Q2 2026 adjusted EBITDA rose to $120 million, up from $74 million in the prior year period.
- Polyurethanes segment revenues increased 16% and adjusted EBITDA increased 113% year-over-year.
- Advanced Materials segment revenues increased 19% and adjusted EBITDA increased 42% year-over-year.
- Free cash flow was a use of $90 million in Q2 2026, compared to a source of $55 million in Q2 2025.
- Capital expenditures for 2026 are expected to be approximately $170 million.
Price Impact
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