Huntsman raises Fourth Quarter 2017 expectations results

Huntsman Corporation is raising fourth quarter 2017 expectations due to its global MDI Urethanes business showing stronger than expected demand and margins in the fourth quarter despite typical seasonality

The robust strength in MDI Urethanes was somewhat offset by a weaker than expected quarter in its Performance Products division partially due to unplanned outages and weather related issues in the Gulf Coast region, which have since been fully resolved.  Performance Products EBITDA is now expected to be down versus the prior year pro forma EBITDA of USD 61 million, adjusted for the sale of its European surfactants business.  For the fourth quarter 2017 Huntsman Corporation expects to report total adjusted EBITDA modestly above the third quarter 2017 adjusted EBITDA of USD 340 million.