Huntsman (NYSE: HUN) reported Q3 EPS of $0.84, $0.04 better than the analyst estimate of $0.80. Revenue for the quarter came in at $2.44 billion versus the consensus estimate of $2.26 billion.

• Adjusted EBITDA was $374 million compared to $340 million in the prior year period and $415 million in the prior quarter.
• Net loss of $8 million compared to a net income of $179 million in the prior year period and $623 million in the prior quarter. Adjusted net income of $202 million compared to adjusted net income of $164 million in the prior year period and $246 million in the prior quarter
• Diluted loss per share was $0.05 compared to diluted income per share of $0.60 in the prior year period and $1.71 in the prior quarter.
• Adjusted diluted income per share was $0.84 compared to $0.67 in the prior year period and $1.01 in the prior quarter.
• Net cash provided by operating activities was $295 million. Free cash flow generation was $226 million.
• Balance sheet continues to strengthen with a net leverage of 1.3x.
• Completed cumulative share repurchases of approximately $175 million through the end of third quarter 2018.

Peter R. Huntsman, Chairman, President and CEO, commented:

"This was a solid quarter overall for our Company, which demonstrated the consistency of our downstream and differentiated businesses. Expected adjustments to short term fundamentals in component MDI provided us an opportunity to show the strength of our unique downstream urethanes portfolio and strategy. In spite of the uncertainty around global trade and certain pockets of softer demand mostly seen in China, long term fundamentals remain intact. We are confident and on track to deliver on our 2020 targets that we laid out at our Investor Day on May 23, 2018. Our free cash flow remains strong with a good performance in the third quarter and our balance sheet continues to strengthen with net leverage improving to 1.3 times, well within investment grade metrics. We are committed to our balanced and opportunistic approach to capital allocation by growing our downstream differentiated portfolio of businesses and repurchasing shares to create long term value for our shareholders."

For earnings history and earnings-related data on Huntsman (HUN) click here.