Welcome to our dedicated page for Huntsman Corporation news (Ticker: HUN), a resource for investors and traders seeking the latest updates and insights on Huntsman Corporation stock.
Huntsman Corporation (NYSE: HUN) is a prominent publicly traded global manufacturer and marketer of differentiated and specialty chemicals. With 2023 revenues of approximately $6 billion, Huntsman offers a vast array of chemical products that serve a broad range of consumer and industrial end markets worldwide. The company operates more than 60 manufacturing, Research & Development (R&D), and operations facilities across approximately 25 countries, employing around 6,000 associates within its continuing operations.
Huntsman's product portfolio includes Methyl Diphenyl Diisocyanate (MDI), Amines, Maleic Anhydride, and Epoxy-based polymer formulations. These products find applications in various sectors, including adhesives, aerospace, automotive, and construction. The company's operations are divided into three primary segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment, which includes MDI, polyols, and TPU (thermoplastic polyurethane), is the largest revenue generator for the company.
Huntsman has made strategic moves to enhance its financial health and operational efficiency. Between 2020 and 2022, the company strengthened its balance sheet through strategic divestitures and improved cash flow management, ensuring resilience amidst economic uncertainties. Despite challenges in 2023, such as weak demand and pricing pressures, Huntsman has maintained financial discipline, investing in strategic projects and returning cash to shareholders through share repurchases and dividends.
Recent achievements include the successful resolution of an unplanned outage at the Rotterdam facility and consistent capital expenditures aimed at long-term growth. Huntsman has also declared a $0.25 per share cash dividend, showcasing its commitment to shareholder value. The company continues to explore opportunities to improve its cost structure, targeting savings programs and strategic investments to stay competitive in the market.
Huntsman engages with its stakeholders through various channels, including quarterly earnings reports and investor conferences. The company maintains an active presence on social media platforms such as Twitter, Facebook, and LinkedIn, providing timely updates and insights into its operations and market performance.
For more information about Huntsman Corporation, visit the company's website at www.huntsman.com.
Huntsman has released its 2023 corporate sustainability report, titled 'Solutions for Sustainability.' The report underscores Huntsman's innovative solutions to sustainability challenges.
Key highlights include 60% progress towards Horizon 2025 targets, publication of 25 product safety summaries, reductions in both total waste intensity and water consumption in stressed areas, and improved disclosures against TCFD, GRI, and SASB frameworks.
The company emphasizes its role in providing energy-saving products and materials that contribute to sustainability goals globally.
Huntsman (NYSE: HUN) declared a $0.25 per share cash dividend on its common stock, payable on June 28, 2024. The announcement was made on May 9, 2024, by the Board of Directors.
Huntsman (HUN) reported a net loss of $37 million in Q1 2024 compared to a net income of $153 million in the prior year. Adjusted EBITDA was $81 million. The company expects improving trends in sales volumes and margins going forward. Revenues were $1,470 million.
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