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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 Corporation (NYSE: HUN) announced a definitive agreement to sell its Textile Effects division to Archroma for approximately $718 million. This figure includes around $125 million in net underfunded pension liabilities. For the last twelve months ending June 30, 2022, the division reported sales of $772 million and adjusted EBITDA of $94 million. The transaction, which is expected to close in the first half of 2023, is anticipated to incur cash taxes of about $50 million.
Huntsman Corporation (NYSE: HUN) has declared a $0.2125 per share cash dividend on common stock, payable on September 30, 2022, to shareholders on record as of September 15, 2022. The company reported revenues of approximately $8 billion in 2021 and operates over 70 manufacturing and R&D facilities globally. Huntsman specializes in the production of differentiated and specialty chemicals, serving diverse consumer and industrial markets.
Huntsman Corporation reported strong second quarter 2022 results, with revenues reaching $2,362 million, a 17% increase from the previous year. Net income was $242 million or $1.10 per diluted share, up from $172 million or $0.70 a year earlier. Adjusted EBITDA rose 29% to $432 million. Free cash flow was notably positive at $162 million, contrasting with a cash outflow previously. The company repurchased approximately $291 million of shares. Despite macroeconomic challenges, Huntsman maintains a strong financial outlook.
Huntsman Corporation will hold a conference call on August 2, 2022, at 10:00 a.m. ET to discuss its Q2 2022 financial results, which will be released at 6:00 a.m. ET on the same day. The call will be accessible via a webcast. Huntsman reported approximately $8 billion in revenues for 2021 and operates more than 70 manufacturing facilities globally. The conference will include presentation slides available on their investor relations website.
Huntsman Corporation (NYSE: HUN) announced a cash dividend of $0.2125 per share on its common stock, set for payment on June 30, 2022, to stockholders on record as of June 15, 2022. The company reported revenues of approximately $8 billion in 2021 and operates over 70 facilities worldwide. Huntsman specializes in differentiated and specialty chemicals, with a broad range of products sold in diverse markets.
Huntsman Corporation (NYSE: HUN) has been awarded $93.9 million by a New Orleans jury in a lawsuit against Praxair/Linde, stemming from supply failures at Huntsman's Geismar, Louisiana site. The total damages, including interest, are expected to exceed $125 million. The lawsuit, initiated in 2014, highlighted Praxair's failure to maintain its facility and fulfill contractual obligations. This verdict follows a previous victory against Albemarle, marking significant legal success for Huntsman in recent months, reinforcing its commitment to ensuring shareholder value.
Huntsman Corporation (HUN) reported a robust first quarter in 2022, achieving revenues of $2,389 million, a 30% increase from $1,837 million in Q1 2021. The net income surged to $240 million compared to $100 million a year ago, translating to diluted EPS of $1.04. Adjusted net income was $256 million, with an adjusted EBITDA of $415 million and a margin of 17%. The company has improved its financial flexibility with increased cash flow, a 13% dividend hike, and a doubled share repurchase authorization of $2 billion.
Huntsman Corporation (NYSE: HUN) publicly addressed a lawsuit filed by two former employees claiming racial discrimination and wrongful termination. The company states these allegations are false, asserting that the ex-employees were dismissed for misconduct after a thorough investigation revealed unauthorized behavior. Huntsman emphasizes its commitment to combating discrimination and claims no racial motives were involved in the terminations. The company will robustly defend itself against these allegations, asserting its reputation and integrity.
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