Huntsman Corporation (NYSE:HUN) Q2 2022 Results Conference Call August 2, 2022 10:00 AM ET

Company Participants

Ivan Marcuse - Vice President of Investor Relations

Peter Huntsman - Chairman, CEO and President

Phil Lister - Executive Vice President and CFO

Conference Call Participants

Kevin McCarthy - Vertical Research Partners

Matthew Blair - Tudor, Pickering, Holt

Aleksey Yefremov - KeyBanc Capital Markets

Laurence Alexander - Jefferies

Dan Rizzo - Jefferies

Frank Mitsch - Fermium Research

Hassan Ahmed - Alembic Global

Mike Sison - Wells Fargo

Matthew DeYoe - Bank of America

David Begleiter - Deutsche Bank

Josh Spector - UBS

Operator

Greetings, and welcome to the Huntsman Corporation's Second Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to Ivan Marcuse, Vice President of Investor Relations. Thank you. You may begin.

Ivan Marcuse

Thank you, Darrell and good morning, everyone. Welcome to Huntsman's Second Quarter '22 Earnings Call. Joining us on the call today are Peter Huntsman, Chairman, CEO and President; and Phil Lister, Executive Vice President and CFO. This morning, before the market opened, we released earnings for the second quarter '22 via press release and posted to our website, huntsman.com. We also posted a set of slides on our website, which we will use on the call this morning while presenting our results.

During the call, we may make statements about our projections or expectations for the future. All such statements are forward-looking statements. And while they reflect our current expectations, they involve risks and uncertainties and not guarantees of future performance. You should review our filings with the SEC for more information regarding the factors that could cause results to differ materially from these projections or expectations.

We do not plan on publicly updating or revising any forward-looking statements during the quarter. We will also refer to non-GAAP financial measures, such as adjusted EBITDA, adjusted net income and free cash flow. You can find reconciliations to the most directly comparable GAAP financial measures in our earnings release, which has been posted to our website, huntsman.com.

I'll now turn the call over to Peter Huntsman, Chairman and CEO.

Peter Huntsman

Thank you, Ivan. Good morning, everyone. Thanks for taking the time to join us. Let's [indiscernible] on Slide number 5. Adjusted EBITDA for our Polyurethanes division in the second quarter was $229 million compared to $208 million of a year ago, a 10% increase.