- Huntsman (HUN +1.5%) is higher after Q3 earnings beat expectations despite dropping more than 70% Y/Y, as it launches an accelerated $100M share buyback as part of its overall $150M repurchase program.
- HUN says it is reducing its planned capex by a combined $150M over the next two years, with the intention of delivering more than $100M of future synergy and restructuring savings; HUN's announced capital budget for 2015 was $525M.
- “We are aggressively focused on those elements within our business that we can control and are fully committed to an improvement in our free cash flow generation,” HUN President/CEO Peter Huntsman says.