Huntsman Advances Olin Merger of Equals Ahead of Third-Quarter Results

Aditi Sarkar

02 November 2026 11:34 PM AEDT

Huntsman Advances Olin Merger of Equals Ahead of Third-Quarter Results

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

Huntsman stockholders approved the all-stock Merger with Olin on 25 August 2026, with about 99% of votes cast in favor.
Each Huntsman share will convert into 0.5476 Olin shares, leaving Huntsman holders with about 45.5% of OlinHuntsman.
Second-quarter 2026 adjusted EBITDA rose to US$120 million from US$74 million on higher volumes across all three segments.
Third-quarter 2026 results are scheduled for release after market close on 2 November 2026, with a call on 3 November.

Huntsman Corporation (NYSE:HUN) heads into its third-quarter Earnings release with its future increasingly tied to Olin Corporation, after both companies' shareholders approved an all-stock merger of equals that would create OlinHuntsman Corporation.

The Woodlands, Texas-based chemicals maker has scheduled its Q3 2026 results for release after the market closes on 2 November 2026, followed by a conference call at 9:00 a.m. ET on 3 November 2026. Until then, the most recent reported figures are for the second quarter, when improved volumes and cost savings narrowed losses.

Shareholders Back the OlinHuntsman Combination

At a special meeting on 25 August 2026, Huntsman holders voted 131.5 million shares in favor of the merger agreement and 1.8 million against, while Olin shareholders approved the deal at their own meeting the same day. The companies will implement a direct merger of Huntsman into Olin, with Olin as the surviving corporation.

Under the agreement signed in June 2026, each Huntsman share will be exchanged for 0.5476 shares of Olin common stock. Based on fully diluted market capitalizations at signing, Olin shareholders are expected to own about 54.5% of the combined group and Huntsman stockholders about 45.5%. The combined company will trade on the NYSE under a new ticker to be agreed.

Leadership and Board of the Combined Group

Olin's Kenneth T. Lane is set to serve as chief executive of OlinHuntsman, with Peter R. Huntsman as non-executive chair. Philip M. Lister is slated to become chief financial officer and Todd A. Slater chief integration officer. The board is planned to have ten members: four from each company's current board plus both chief executives.

The companies expect the transaction to close in the first half of 2027, subject to required regulatory approvals and other customary conditions.

Second-Quarter Momentum and the Road to Closing

In Q2 2026, Revenue rose to US$1.663 billion from US$1.458 billion, and the net loss attributable to Huntsman narrowed to US$6 million, or US$0.03 per diluted share, from US$158 million. Adjusted EBITDA, a non-GAAP measure, reached US$120 million. Polyurethanes adjusted EBITDA more than doubled to US$66 million, Advanced Materials rose to US$64 million and Performance Products to US$37 million.

Free Cash Flow was negative US$90 million in the quarter, and Liquidity stood at about US$0.9 billion at 30 June 2026. Management flagged volatile energy and crude-related costs, especially in Europe, as a continuing headwind, said it will pursue further cost reductions and expects 2026 Capital Expenditure of about US$170 million. The company paid a quarterly Dividend of US$0.0875 per share on 30 September 2026. Shares closed at US$9.64 on 30 October 2026, up 7.47% on the day, giving a market Capitalization of about US$1.69 billion.

FAQs

Q: What will Huntsman shareholders receive in the Olin merger?

A: Each Huntsman share will convert into 0.5476 shares of Olin common stock, with the combined company named OlinHuntsman Corporation.

Q: When is the Olin and Huntsman merger expected to close?

A: The companies expect closing in the first half of 2027, subject to regulatory approvals and customary conditions.

Q: When will Huntsman report third-quarter 2026 results?

A: Results are due after market close on 2 November 2026, with a conference call at 9:00 a.m. ET on 3 November 2026.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.