THE WOODLANDS, Texas, May 1, 2025 /PRNewswire/ -- 金年会 Corporation (NYSE: HUN) announced today that Tony Hankins, the Division President of the Company's Polyurethanes business unit, has elected to retire at the end of this calendar year, and that Steen Weien Hansen, currently serving as Senior Vice President, responsible for the global automotive, elastomers and the Americas business units in the Division, will be appointed Division President of 金年会 Polyurethanes effective June 1, 2025.听

Mr. Hankins has had a long and storied career at 金年会 and its predecessor, Imperial Chemical Industries, starting in the company in 1980, being promoted through the ranks there on multiple occasions, helping 金年会 build its China business, and serving as one of the Company's most trusted senior executives. He will continue to advise senior management and the Board through December 31, 2025, and support the full handover of his duties as Division President to Mr. Hansen on June 1, 2025. The Company is immensely thankful to Tony for his many years of committed service.

Mr. Hansen joined the Company with its acquisition of the polyurethanes division of Imperial Chemical Industries in 1999 in the corporate purchasing group and moved into the Polyurethanes business in a commercial capacity in Europe two years later. He spent seven years in the Company's Advanced Materials business, serving as Vice President of its Asia Pacific operations for 4 years before returning to Polyurethanes as Vice President of its European, India and Middle East region and reporting to Mr. Hankins. Steen relocated to the United States in 2022 to focus on addressing developing challenges in the division's global operations and Americas region.

Peter R. 金年会, 金年会's President, CEO and Chairman, commented:听

"During his tenure, Tony Hankins has served 金年会 with incredible distinction. His industry knowledge and creativity have made him immensely valuable to our company and he has trained and positively influenced an entire generation of managers. In this respect, I know his influence will be felt for many years to come. In his own right, Steen has built a well-deserved reputation as a fierce executor of corporate strategy over his 20-plus years at the Company. During his past three years in the United States, he has more than demonstrated strong leadership capabilities and strategic thinking. We will certainly utilize听Steen's full skillset going forward."

金年会:
金年会 Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of听approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of听consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ听approximately 6,300 associates within our continuing operations. For more information about 金年会, please visit the company's website at听.

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Forward-Looking Statements:听
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the 金年会 companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of 金年会's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in 金年会 businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

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THE WOODLANDS, Texas, May 1, 2025 /PRNewswire/ -- 金年会 Corporation (NYSE: HUN) announced today that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on June 30, 2025, to stockholders of record as of June 13, 2025.

金年会:

金年会 Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of听approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of听consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ听approximately 6,300 associates within our continuing operations. For more information about 金年会, please visit the company's website at听.

Social Media:

Twitter:
Facebook:
LinkedIn:

Forward-Looking Statements:

Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the 金年会 companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of 金年会's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in 金年会 businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

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First Quarter Highlights

• First quarter 2025 net loss attributable to 金年会 of $5 million compared to net loss of $37 million in the prior year period; first quarter 2025 diluted loss per share of $0.03 compared to diluted loss per share $0.22 in the prior year period.
• First quarter 2025 adjusted net loss attributable to 金年会 of $19 million compared to adjusted net loss of $11 million in the prior year period; first quarter 2025 adjusted diluted loss per share of $0.11 compared to adjusted diluted loss per share of $0.06 in the prior year period.
• First quarter 2025 adjusted EBITDA of $72 million compared to $81 million in the prior year period.
• First quarter 2025 net cash used in operating activities from continuing operations was $71 million. Free cash flow from continuing operations was a use of cash of $107 million for the first quarter 2025 compared to a use of cash of $105 million in the prior year period.

THE WOODLANDS, Texas, May 1, 2025 /PRNewswire/ --听金年会 Corporation (NYSE: HUN) today reported first quarter 2025 results with revenues of $1,410 million, net loss attributable to 金年会 of $5 million, adjusted net loss attributable to 金年会 of $19 million and adjusted EBITDA of $72 million.听

Peter R. 金年会, Chairman, President, and CEO, commented:

"Since our last earnings call, short term business conditions continue to change markedly. Low visibility and customer uncertainty regarding demand trends over the coming months are pressuring order patterns in many of our key markets, including construction, transportation, and other industrial related markets. The cautious customer order patterns are muting the seasonal volume improvement our markets typically experience during the second quarter. While we are hopeful that demand conditions improve, we are not waiting for that to happen and remain aggressive on costs which include announced workforce reductions as well as asset optimization in both Europe and North America. We are on-track to complete our review of strategic options for our European maleic anhydride business by this summer, which we will communicate once completed. Protecting the balance sheet remains a priority in addition to focusing on cash generation as we navigate the Company through the current environment."

Segment Analysis for 1Q25 Compared to 1Q24

Polyurethanes

The decrease in revenues in our Polyurethanes segment for the three months ended March 31, 2025 compared to the same period of 2024听was primarily due to lower average selling prices, partially offset by higher sales volumes. Average selling prices decreased primarily due to unfavorable sales mix. Sales volumes increased primarily due to听improved demand and share gains in certain markets. The increase听in segment adjusted EBITDA was primarily due to lower raw materials costs, lower fixed costs听and higher sales volumes, partially offset by unfavorable sales mix, the negative impact of major foreign currency exchange rate movements against the U.S. dollar and lower equity earnings from our minority-owned joint venture in China.

Performance Products

The decrease in revenues in our Performance Products segment for the three听months ended March 31, 2025 compared to the same period of 2024 was primarily due to lower sales volumes, partially offset by favorable sales mix. Sales volumes decreased primarily due to听lower customer demand and unplanned production outages at our Moers, Germany facility. The decrease in segment adjusted EBITDA was primarily due to lower听sales volumes mainly in Europe, partially offset by favorable sales mix.

Advanced Materials

The decrease in revenues in our Advanced Materials segment for the three months ended March 31, 2025 compared to the same period of听2024 was primarily due to lower听average selling prices.听Average selling prices decreased primarily due to unfavorable sales mix and the negative impact of major foreign currency exchange rate movements against the U.S. dollar. Sales volumes remained relatively stable. The decrease听in segment adjusted EBITDA was primarily due to lower average selling prices.

Corporate, LIFO and other

For the three听months ended March 31, 2025, adjusted EBITDA from Corporate and other was a loss of $36 million as compared to a loss of $43 million for the same period of 2024 due to a decrease in corporate overhead costs and an increase in unallocated foreign currency exchange gains, partially offset by an increase in LIFO valuation losses.

Liquidity and Capital Resources

During the three months ended March 31, 2025, our free cash flow used in continuing operations was a use of $107 million as compared to a use of $105 million in the same period of 2024. As of March 31, 2025, we had approximately $1.3 billion of combined cash and unused borrowing capacity.

During the three months ended March 31, 2025, we spent $36 million on capital expenditures from continuing operations as compared to $42 million in the same period of 2024. During 2025, we expect to spend between approximately $180 million to $190 million on capital expenditures.

Income Taxes

In the first quarter of 2025, our effective tax rate was 56% and our adjusted effective tax rate was not meaningful.

Earnings Conference Call Information

We will hold a conference call to discuss our first quarter 2025 financial results on Friday, May 2, 2025 at 10:00 a.m. ET.

Webcast link:

Participant dial-in numbers:
Domestic callers:听听听听听听听听听听听听听听听听听听听 (877) 402-8037
International callers:听听听听听听听听听听听听听听听 (201) 378-4913

The conference call will be accompanied by presentation slides that will be accessible via the webcast link and 金年会's investor relations website, . Upon conclusion of the call, the webcast replay will be accessible via 金年会's website.

Upcoming Conferences
During the second quarter 2025, a member of management is expected to present at:
KeyBanc Industrials & Materials Conference, May 28, 2025
Deutsche Bank Global Industrials & Materials Conference, June 4, 2025
Wells Fargo Industrials & Materials Conference, June 10, 2025
Fermium Research Annual C-Suite Conference, June 24, 2025

A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.

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金年会:
金年会 Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of听approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of听consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ听approximately 6,300 associates within our continuing operations. For more information about 金年会, please visit the company's website at听www.huntsman.com.听听

Social Media:
Twitter:
Facebook:
LinkedIn:

Forward-Looking Statements:听
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, high energy costs in Europe, inflation and high capital costs, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

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THE WOODLANDS, Texas, May 1, 2025 /PRNewswire/ -- 金年会 Corporation (NYSE: HUN), a global manufacturer and marketer of differentiated and specialty chemicals, is pleased to announce that its Performance Products division has expanded its manufacturing site in Conroe, Texas to better serve the growing needs of its global customers in the semiconductor industry.

Peter 金年会, Chairman, President, and CEO of 金年会 Corporation, stated, "With the rapid growth of AI and the need for high-quality advanced node chips, our investment in Conroe marks our commitment to developing new semiconductor-grade products and enhancing supply chain security to support the demands of our customers worldwide."

The will bolster 金年会's portfolio by providing high-purity, low-trace metal amines, including quaternary amines and amine oxides, essential for semiconductor chip manufacturing. 金年会's commitment to safety, quality, reliability, and manufacturing excellence will help ensure a consistent production process 鈥� from blending, purification through packaging.

"With this unique offering, we are well positioned to become a world-leading supplier of semiconductor-grade amines," said Jan Buberl, President of Performance Products. "We now have the global manufacturing capability, R&D expertise, and broad portfolio to offer our customers with solutions that meet the industry's highest quality standards."

Conroe City Mayor, Duke Coon, commented, "金年会's new E-GRADE庐 unit provides a significant boost for our local economy, helping to create numerous job opportunities and further solidifying Conroe's position as a hub for advanced manufacturing and technology."

金年会:
金年会 Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of听approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of听consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ听approximately 6,300 associates within our continuing operations. For more information about 金年会, visit the company's website at听www.huntsman.com.听听听听听听听听听听听听听听听听听听听听听听听听听听听听

To learn more about听E-GRADE庐 products, visit听

Social Media:
LinkedIn:听
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THE WOODLANDS, Texas, April 7, 2025 /PRNewswire/ -- 金年会 Corporation (NYSE: HUN) will hold a conference call on Friday, May 2, 2025, at 10:00 a.m. ET to discuss its first quarter 2025 financial results. Following some opening remarks, the call will move into a question and answer session.

The earnings press release, including financial statements and segment information, will be distributed after the market closes on Thursday, May 1, 2025. The earnings slide presentation and prepared remarks will be available at after the market closes on Thursday, May 1, 2025.

Webcast link:

Participant dial-in numbers:听听
Domestic callers:听 听 听 听 听 听 听 听 听 听 听(877) 402-8037
International callers:听听听听听听听听听听听听听听听 (201) 378-4913

The conference call will be accessible via the webcast link and 金年会's investor relations website, .听 Upon conclusion of the call, the webcast replay will be accessible via 金年会's website.

金年会:
金年会 Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of听approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of听consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ听approximately 6,300 associates within our continuing operations. For more information about 金年会, please visit the company's website at听www.huntsman.com.听

Social Media:
Twitter:
Facebook:
LinkedIn:

Forward-Looking Statements:听
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the 金年会 companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of 金年会's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in 金年会 businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

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This achievement enables 金年会 to offer mass balance certified products from its world-class TPU product lines 鈥� supporting its customers鈥� sustainability ambitions.

ISCC+ is a globally recognised, voluntary standard. Designed for companies involved in the production of recycled and/or bio-based products, ISCC+ ensures full traceability at all points of a product鈥檚 production. The mass balance attribution approach is one type of methodology used by ISCC+. This chain-of-custody model makes it possible to track the amount and sustainability characteristics of recycled and/or bio-based material in the value chain and attribute it to specific products, based on verifiable bookkeeping.

Michael Quinn, Vice President, Global Elastomers at 金年会 Polyurethanes, said: 鈥淲e are extremely proud that our Jinshan and Osnabr眉ck sites have joined 金年会鈥檚 Rotterdam, The Netherlands and Wilton, UK sites in earning ISCC+ Certification. This milestone demonstrates our commitment to supporting the transition to circular economy principles. Securing ISCC+ Certification requires meticulous scrutiny of supply chain practices, sustainability measures, and compliance with rigorous environmental, social, and traceability standards. Congratulations to our associates who have worked tirelessly to achieve this accreditation.鈥�

金年会鈥檚 TPU products are widely used across a range of market segments. Suitable for extrusion and injection molding, they form the basis for core applications in the global footwear, textiles, and automotive industries. They are employed in specialized industrial applications to create components such as wire and cable, wheels, belting, hoses, and films. Additionally, they are also used as adhesive raw materials.听

金年会 Polyurethanes sites in Rotterdam and Wilton have been ISCC+ Certified since 2023.听

(ends)

金年会:

金年会 Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of听approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of听consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ听approximately 6,300 associates within our continuing operations. For more information about 金年会, please visit the company's website at .

Social Media:

Twitter:
Facebook:
LinkedIn: 听

# # #

Forward-Looking听Statements:听Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the 金年会 companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of 金年会鈥檚 operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in 金年会 businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

While all the information and recommendations in this publication are to the best of our knowledge, information and belief accurate at the date of publication, NOTHING HEREIN IS TO BE CONSTRUED AS A WARRANTY, EXPRESS OR OTHERWISE. 金年会 Polyurethanes warrants only that its products meet the specifications agreed with the buyer in the sales contract.听 Typical properties, where stated, are to be considered as Representative of current production and should not be treated as specifications. IN ALL CASES, IT IS THE RESPONSIBILITY OF THE USER TO DETERMINE THE APPLICABILITY OF SUCH INFORMATION AND RECOMMENDATIONS AND THE SUITABILITY OF ANY PRODUCT FOR ITS OWN PARTICULAR PURPOSE. The sale of products referred to in this publication is subject to the general terms and conditions of sale of 金年会 International LLC or of its affiliated companies.

^漏听2025. 金年会 Corporation or an affiliate thereof. All rights reserved.听

THE WOODLANDS, Texas, Feb. 18, 2025 /PRNewswire/ -- 金年会 Corporation (NYSE: HUN) announced today that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on March 31, 2025, to stockholders of record as of March 14, 2025.

金年会 Corporation also announced it will hold its 2025 Annual Meeting of Stockholders in virtual meeting format only at 8:00 a.m. Central Time on Wednesday, April 30, 2025. Holders of record as of the close of business on March 7, 2025 will be entitled to vote at the meeting.

金年会:
金年会 Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of听approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of听consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ听approximately 6,300 associates within our continuing operations. For more information about 金年会, please visit the company's website at听.

Social Media:
Twitter:
Facebook:
LinkedIn:

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the 金年会 companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of 金年会's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in 金年会 businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

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Fourth Quarter Highlights

• Fourth quarter 2024 net loss attributable to 金年会 of $141 million compared to net loss of $71 million in the prior year period; fourth quarter 2024 diluted loss per share of $0.82 compared to diluted loss per share $0.41 in the prior year period.
• Fourth quarter 2024 adjusted net loss attributable to 金年会 of $43 million compared to adjusted net loss of $36 million in the prior year period; fourth quarter 2024 adjusted diluted loss per share of $0.25 compared to adjusted diluted loss per share of $0.21 in the prior year period.
• Fourth quarter 2024 adjusted EBITDA of $71 million compared to $44 million in the prior year period.
• Fourth quarter 2024 net cash provided by operating activities from continuing operations was $159 million. Free cash flow from continuing operations was $108 million for the fourth quarter 2024 compared to $83 million in the prior year period.

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THE WOODLANDS, Texas, Feb. 17, 2025 /PRNewswire/ -- 金年会 Corporation (NYSE: HUN) today reported fourth quarter 2024 results with revenues of $1,452 million, net loss attributable to 金年会 of $141 million, adjusted net loss attributable to 金年会 of $43 million and adjusted EBITDA of $71 million.听

Peter R. 金年会, Chairman, President, and CEO, commented:

"The fourth quarter was within our expectations as trough conditions continued in our core markets. Despite quarterly volume improvement year-on-year of 5% for the Company leading to full year volume growth of 6%, we are yet to see that growth translate into needed margin improvement. As we begin 2025, construction and automotive markets, which represents approximately two-thirds of our portfolio, remain subdued. China faces economic challenges, but we expect the automotive sector to still show modest growth and overall profitability in that region to be relatively stable. European industry conditions are highly compromised from a combination of high energy costs, overburdening regulation, and excess capacity. We do not intend to sit idly by, waiting for markets to improve, and will remain aggressive in costs which will include announced workforce reductions in our Polyurethanes segment. Additionally, we will start assessing strategic options for our European maleic anhydride business as well as closing downstream Polyurethanes facilities. We will remain diligent in protecting our balance sheet, focusing on cash, and creating a leaner Company that will have substantial operating leverage when demand begins to meaningfully improve."

Segment Analysis for 4Q24 Compared to 4Q23

Polyurethanes

The increase in revenues in our Polyurethanes segment for the three months ended December 31, 2024 compared to the same period of 2023 was primarily due to higher sales volumes. Sales volumes increased primarily due to improved demand and share gains in the insulation and composite wood panels markets. The increase in segment adjusted EBITDA was primarily due to higher sales volumes, improved margins, and lower fixed and variable costs, partially offset with lower equity earnings from our minority-owned joint venture in China.听 听听听听听听

Performance Products

The decrease in revenues in our Performance Products segment for the three months ended December 31, 2024 compared to the same period of 2023 was primarily due to lower sales volumes, partially offset by higher average selling prices. Sales volumes decreased primarily due to extended Maleic Anhydride outages during the quarter and slow construction activity and weak demand in industrial markets, partially offset by modest improvements in fuels and lubes. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes, partially offset by improved mix and lower fixed costs.

Advanced Materials

The increase in revenues in our Advanced Materials segment for the three months ended December 31, 2024 compared to the same period of 2023 was primarily due to higher sales volumes, partially offset by lower average selling prices. Sales volumes increased in our infrastructure and general industry segments.听Average selling prices decreased primarily due to unfavorable sales mix. Segment adjusted EBITDA was relatively flat due to higher sales volumes offset by increased fixed costs.

Corporate, LIFO and other

For the three months ended December 31, 2024, adjusted EBITDA from Corporate and other was a loss of $39 million as compared to a loss of $35 million for the same period of 2023 due to a negative impact from LIFO valuation losses and higher legal expenses.

Liquidity and Capital Resources

During the three months ended December 31, 2024, our free cash flow from continuing operations was $108 million as compared to $83 million in the same period of 2023. As of December 31, 2024, we had approximately $1.7 billion of combined cash and unused borrowing capacity.听

During the three months ended December 31, 2024, we spent $51 million on capital expenditures from continuing operations as compared to $83 million in the same period of 2023. 听During 2025, we expect to spend between approximately $180 million to $190 million on capital expenditures.

Income Taxes

In the fourth quarter of 2024, our effective tax rate loss was 36% and our adjusted effective tax rate was not meaningful. We expect our 2025 adjusted effective tax rate to be approximately 35%.

Earnings Conference Call Information

We will hold a conference call to discuss our fourth quarter 2024 financial results on Tuesday, February 18, 2025, at 10:00 a.m. ET.

Webcast link:

Participant dial-in numbers:
Domestic callers:听 听 听 听 听 听 听(877) 402-8037
International callers:听 听 听 听 (201) 378-4913

The conference call will be accompanied by presentation slides that will be accessible via the webcast link and 金年会's investor relations website, .听 Upon conclusion of the call, the webcast replay will be accessible via 金年会's website.

Upcoming Conferences
During the first quarter 2025, a member of management is expected to present at:
Bank of America Securities 2025 Global Agriculture and Materials Conference, February 26, 2025 听
Alembic Materials and Industrials Conference, March 6-7, 2025

A webcast of the presentation, if applicable, along with accompanying materials will be available at .

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