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News Release FOR IMMEDIATE RELEASE July 30 , 2021 The Woodlands , TX NYSE : HUN ● ● Second Quarter Highlights Second quarter 2021 net income of $ 172 million compared to net loss of $ 59 million in the prior year period ; second quarter 2021 diluted earnings per share of $ 0.70 compared to loss per share of $ 0.28 in the prior year period . Huntsman Announces Strong Second Quarter 2021 Earnings Media : Gary Chapman ( 281 ) 719-4324 Second quarter 2021 adjusted net income of $ 191 million compared to adjusted net loss of $ 30 million in the prior year period ; second quarter 2021 adjusted diluted earnings per share of $ 0.86 compared to adjusted loss per share of $ 0.14 in the prior year period . Second quarter 2021 adjusted EBITDA of $ 334 million compared to adjusted EBITDA of $ 54 million in the prior year period . Second quarter 2021 net cash used in operating activities from continuing operations was $ 7 million . Free cash flow from continuing operations was a use of $ 83 million for the second quarter 2021 . In millions , except per share amounts Revenues Balance sheet is strong with a net leverage of 1.0x and total liquidity of approximately $ 1.9 billion . On May 26 , 2021 , the Company completed a $ 400 million offering of 2.95 % senior notes due 2031. The net proceeds from the offering , along with cash on hand , were used to redeem in full $ 400 million in aggregate principal amount of the Company's 5.125 % senior notes due 2022. These actions will reduce Huntsman's annual cash interest expense by approximately $ 9 million . Net income ( loss ) ( 1 ) Adjusted net income ( loss ) Received the $ 28 million earnout in May 2021 from the November 2020 divestiture of our India - based do - it - yourself consumer adhesives business . Gross proceeds from the divestiture totaled approximately $ 285 million , a 15x multiple on 2019 adjusted EBITDA of the divested business . Diluted income ( loss ) per share Adjusted diluted income ( loss ) per share ( 1 ) Adjusted EBITDA ( 1 ) Net cash ( used in ) provided by operating activities from continuing operations Free cash flow from continuing operations ( ² ) Adjusted free cash flow from continuing operations ( 6 ) HUNTSMAN Enriching lives through innovation See end of press release for footnote explanations and reconciliations of non - GAAP measures . Investor Relations : Ivan Marcuse ( 281 ) 719-4637 SA SA Three months ended June 30 , 2020 2021 $ 2,024 $ 1,247 $ 3,861 $ 2,840 $ 172 $ ( 59 ) $ 272 $ 649 $ 191 $ ( 30 ) $ 338 $ 35 ^^ $ 0.70 $ ( 0.28 ) $ 1.07 $ 2.90 $ 0.86 $ ( 0.14 ) $ 1.52 $ 0.16 $ 334 $ 54 $ 623 $ 219 ( 7 ) $ 85 $ ( 23 ) $ 45 ( 83 ) $ 30 $ ( 197 ) $ ( 71 ) 38 $ ( 194 ) $ ( 61 ) LA LA LA $ $ 2021 $ ( 80 ) LA LA LA $ Six months ended June 30 , 2020