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News Release FOR IMMEDIATE RELEASE October 29 , 2021 The Woodlands , TX NYSE : HUN ● Media : Gary Chapman ( 281 ) 719-4324 Huntsman Announces Improved Third Quarter 2021 Earnings ; Repurchases Approximately $ 102 million of Shares During the Quarter ; Wins Significant Arbitration Award Against Albemarle Third Quarter Highlights Third quarter 2021 net income of $ 225 million compared to net income of $ 57 million in the prior year period ; third quarter 2021 diluted earnings per share of $ 0.94 compared to diluted earnings per share of $ 0.22 in the prior year period . In millions , except per share amounts Revenues Net income Adjusted net income ( 1 ) Diluted income per share Adjusted diluted income per share ( ¹ ) Adjusted EBITDA ( 1 ) Third quarter 2021 adjusted net income of $ 239 million compared to adjusted net income of $ 70 million in the prior year period ; third quarter 2021 adjusted diluted earnings per share of $ 1.08 compared to adjusted diluted earnings per share of $ 0.32 in the prior year period . Third quarter 2021 adjusted EBITDA of $ 371 million compared to $ 188 million in the prior year period . Third quarter 2021 net cash provided by operating activities from continuing operations was $ 186 million . Free cash flow from continuing operations was $ 110 million for the third quarter 2021 . Balance sheet is strong with a net leverage of 0.9x and total liquidity of approximately $ 2 billion . Repurchased approximately 4 million shares for approximately $ 102 million in the third quarter 2021 . On October 28 , 2021 , Huntsman won an arbitration award against Albemarle for fraud and breach of contract in excess of $ 600 million of which the Company expects to net in excess of $ 400 million after attorney's fees . Net cash provided by operating activities from continuing operations Free cash flow from continuing operations ( ² ) Adjusted free cash flow from continuing operations ( 6 ) See end of press release for footnote explanations and reconciliations of non - GAAP measures . $ $ $ GA $ $ HUNTSMAN Enriching lives through innovation Three months ended September 30 , 2020 LA LA LA Investor Relations : Ivan Marcuse ( 281 ) 719-4637 2021 $ $ 371 $ 186 110 2,285 $ 1,510 57 225 $ 239 $ 70 0.94 $ 0.22 1.08 $ 0.32 $ 110 GA $ GA GA GA $ $ $ 188 65 11 189 $ $ $ GA $ GA GA GA Nine months ended September 30 , 2020 $ 2.02 $ $ 2.60 $ $ 2021 $ 6,146 $ 4,350 706 105 497 $ 577 $ 994 163 ( 87 ) $ ( 84 ) $ $ $ $ LA GA 3.13 0.47 407 110 ( 60 ) 128