Declines in revenue and EBITDA in the recent Q3 2019 financial report were further evidence that the current weakness in industrial demand is substantially affecting Huntsman (HUN) both in terms of volumes and sales prices.
As the time for a potential recovery in demand remains uncertain, it is recommended to avoid the stock at this moment, despite the current low PE multiple and the company's positive initiatives toward more stable and higher margin downstream products.
Q3 2019 Earnings Highlights
Total revenue was $1.687 billion, 7.3% below expectations and down 14.3 YoY, driven by