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 Corporation (NYSE: HUN) has announced a series of strategic initiatives aimed at enhancing shareholder value. These include initiating a strategic review of the Textile Effects Division, authorizing $1 billion in share repurchases over the next three years, implementing a multi-year incentive compensation program, and completing a Board refreshment process with independent directors. The company has divested around 40% of its businesses, generating significant shareholder returns, outperforming the S&P 500.
Starboard Value LP, owning approximately 8.6% of Huntsman Corporation (HUN), has nominated four director candidates for the 2022 Annual Meeting. The investment firm cites opportunities for enhancing Huntsman's operational performance and capital allocation to unlock shareholder value. Starboard criticizes the company's historical underperformance and lack of execution on financial targets, highlighting a $350 million decline in Adjusted EBITDA since 2014. The firm believes that fresh board representation is essential for restoring investor confidence and improving Huntsman's valuation.
Huntsman Corporation (NYSE: HUN) has appointed David B. Sewell to its Board of Directors, enhancing its leadership team with his extensive experience in the materials sector. This move aligns with Huntsman's ongoing Board succession plan and follows a strategic review of its Textile Effects Division aimed at boosting shareholder value. The appointment marks the addition of the sixth independent director in 18 months, following the recent retirements of long-standing board members. Huntsman emphasizes its commitment to achieving ambitious financial targets set during the November Investor Day.
Huntsman Corporation (NYSE: HUN) will host a conference call on February 15, 2022, at 10:00 a.m. ET to review its fourth quarter 2021 financial results, which will be disclosed at 6:00 a.m. ET the same day. Participants can join via a webcast link or by using dial-in numbers for domestic and international callers. Huntsman reported revenues of approximately $6 billion in 2020 and operates more than 70 facilities globally with about 9,000 employees.
Huntsman Corporation (NYSE: HUN) announced the appointment of Curtis E. Espeland and José Muñoz as new independent directors, effective January 1, 2022. Cynthia L. Egan is now the Lead Independent Director, while Sonia Dulá joins the Compensation Committee. These changes are part of Huntsman’s director succession plan aimed at improving governance and aligning with its strategic growth goals. The company also announced upcoming retirements of three directors, effective at the 2022 Annual Meeting of Stockholders on March 25, 2022, signifying ongoing board refreshment and commitment to shareholder value.
Huntsman Corporation (NYSE: HUN) announced a strategic review of its Textile Effects Division, which may include a potential sale, expected to commence in Q1 2022. The division is projected to generate approximately $100 million of Adjusted EBITDA in 2021. Additionally, Huntsman introduced a multi-year compensation plan for management, aligning with targets set during the November Investor Day. This plan incorporates performance-based equity incentives tied to shareholder return and cash flow metrics, aiming to enhance shareholder value.
Huntsman Corporation (NYSE: HUN) hosted its Investor Day on Nov. 9, 2021, providing insights into its growth strategy and financial targets. CEO Peter R. Huntsman highlighted operational improvements since 2016 and announced a $1 billion share repurchase plan. The company aims for approximately $1.4 billion in adjusted EBITDA for 2022, with an EBITDA margin target of 18-20% post-2022. Huntsman emphasizes financial discipline, strong cash generation, and a balanced approach to capital allocation, positioning itself for shareholder value creation.
Huntsman Corporation (NYSE: HUN) will hold an investor meeting on November 9, 2021, at 10:30 a.m. ET, to discuss its business strategies and long-term plans. Key presenters include Peter Huntsman, the Chairman and CEO, along with senior leadership. A live webcast will be available, and materials can be accessed on www.huntsman.com/investor-day. Huntsman reported $6 billion in revenues for 2020 and operates over 70 facilities globally.
Huntsman Corporation (NYSE: HUN) announced a significant development regarding a recent arbitration case with Albemarle. The companies' CEOs reached an agreement for Albemarle to accelerate payment of an arbitration award totaling $665 million. Huntsman will receive $465 million net of legal fees. The payment is structured in two installments: the first before December 3, 2021, and the second by May 2, 2022. Following the second payment, Huntsman will terminate all related proceedings.
Huntsman Corporation (NYSE: HUN) has declared a $0.1875 per share cash dividend on its common stock, payable on December 31, 2021. Shareholders on record as of December 15, 2021 will receive this dividend. The company reported approximately $6 billion in revenues for 2020, highlighting its substantial presence in the specialty chemicals sector with over 70 facilities worldwide. Huntsman operates across various consumer and industrial markets, employing around 9,000 associates.
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