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  "documentTitle": "Huntsman Corporation (HUN)",
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  "notes": "Uses direct quotes from executives to demonstrate the contradiction.",
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      "text": "The Company's confidence in achieving $2.0 billion of Adj. EBITDA evaporated between 2015 and 2016.",
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      "text": "Adjusted EBITDA: $2.0 billion",
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      "text": "Between Q1 2015 and Q1 2016, the Company's $2.0 billion Adj. EBITDA target was not only eliminated, but was also replaced with a diminished commitment for $1.5 billion Adj. EBITDA over \"the next couple of years.\"",
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      "text": "\"About a year ago, at our Investor Day, we introduced to the market our near-term EBITDA target of $2 billion. We believed that we could achieve this number in the next two to three years...we continue to target a $2 billion run rate in 2017. With present industry trends, we think we will continue to see stronger specialty and differentiated growth than we had expected and softer commodity TiO2 in our recovery.\" — Peter Huntsman, President & CEO; \"We continued to emphasize our goal that we gave out about -- it's been about a year and a half now of a $2 billion EBITDA. Obviously, in the last 18 months, the world's economy and so forth is between the price of crude oil. We made that forecast as, what, about $110 a barrel, and what we were seeing growth in China and so forth. And a lot of that's been turned around from what we saw 18 months ago.\" — Peter Huntsman, President & CEO; \"...of the $2 billion [EBITDA], there was roughly $425 billion of the pigment's EBITDA in there, so if you exclude that and you use the FX headwind, that Peter mentioned, of about $140 million. That's a number, I think, that this company can hit in the next couple of years. Is $1.5 billion a number that we're capable of? Yes, I think that that's realistic.\" — Kimo Esplin, CFO",
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      "text": "Source: Public company filings and transcripts.",
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      "text": "However, By Early 2016, Just Twelve Months Later, the Company Stopped Promising Adjusted EBITDA of $2.0 Billion",
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