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  "documentTitle": "Huntsman Corporation (HUN)",
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      "text": "On a normalized basis, Huntsman made no progress towards its $1.3 billion Adjusted EBITDA target over two years",
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      "text": "Adjusted EBITDA: 11%",
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      "text": "Huntsman spun-off its TiO2 business in mid-2017, and unfortunately, even after benefitting from a $125 million commodity price spike, the core business ended 2017 below the Company's 2016 Investor Day Adjusted EBITDA target.",
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      "kind": "quote",
      "text": "...we benefited this past quarter from a continued spike in our component MDI... We believe that these one-off conditions will abate...",
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      "text": "“...we benefited this past quarter from a continued spike in our component MDI. We said in our third quarter call that we believe we benefited by approximately $40 million of extra margin due to this temporary spike...We believe that the fourth quarter benefited by approximately $85 million due to these constraints. We believe that these one-off conditions will abate...” — Peter Huntsman, Chairman, President & CEO, February 2018",
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      "text": "Source: Public company filings, transcripts, and presentations.",
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      "text": "Huntsman failed to achieve its 2016 Investor Day Adjusted EBITDA target.",
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      "text": "Promises Huntsman Made at Its 2016 Investor Day Regarding 2017 Adjusted EBITDA Also Failed to Materialize",
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