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Huntsman Corporation - HUN STOCK NEWS

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.

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Huntsman (NYSE: HUN) will discuss its Q2 2024 financial results on August 6, 2024, at 10:00 a.m. ET via a conference call.

The earnings release, including financial statements and segment information, will be published after market close on August 5, 2024.

A webcast link and dial-in numbers for the call are provided, with a replay available on Huntsman's investor relations website post-call.

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Huntsman (NYSE: HUN) inaugurated a new innovation center in Tienen, Belgium on June 13, 2024. The 11,000-square-meter facility includes state-of-the-art laboratories, machine halls, and automated testing facilities, enhancing Huntsman’s R&D capabilities. Housing over 100 scientists, the center will support the Polyurethanes and Performance Products businesses, focusing on key markets like automotive and energy. The event featured speeches from CEO Peter Huntsman and Polyurethanes President Tony Hankins, who emphasized the center's role in fostering innovation and sustainability. Huntsman aims to leverage this facility to advance its technologies and address sustainability challenges.

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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.

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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.

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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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Huntsman Corp. awards 19 scholarships to Spring ISD students for STEM education. The scholarships range from $1,000 to $5,000 and are renewable based on academic performance. The ceremony was attended by company executives, school officials, and scholars' families.
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Huntsman 's $500,000 donation to expand the Montgomery County Food Bank in Conroe, Texas, is being matched by Brynn and Peter Huntsman, totaling $1,000,000. The project, supported by a grant from the Texas Legislature, aims to increase the facility's capacity and optimize food donations, benefiting thousands of households monthly.
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Huntsman (NYSE: HUN) will host a conference call on May 3, 2024, to discuss its first quarter 2024 financial results. The earnings press release will be distributed on May 2, 2024, with financial statements and segment information. The call will include an opening remarks session followed by a Q&A session.
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Huntsman Corporation reports fourth quarter 2023 results with a net loss of $71 million, adjusted net loss of $36 million, and adjusted EBITDA of $44 million. The company repurchased shares, increased the quarterly dividend by 5%, and experienced a decline in revenues compared to the prior year. CEO Peter R. Huntsman remains cautiously optimistic about future demand.
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Huntsman Corporation (HUN) raises its cash dividend by 5% to $0.25 per share and schedules its 2024 Annual Meeting of Stockholders in a virtual format. The dividend will be payable on March 29, 2024, to stockholders of record as of March 15, 2024.
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FAQ

What are the main products of Huntsman Corporation?

Huntsman's main products include Methyl Diphenyl Diisocyanate (MDI), Amines, Maleic Anhydride, and Epoxy-based polymer formulations.

What are the primary segments of Huntsman Corporation?

Huntsman's primary segments are Polyurethanes, Performance Products, and Advanced Materials.

How has Huntsman Corporation performed financially in recent times?

In 2023, Huntsman reported revenues of approximately $6 billion. Despite challenges, the company maintained financial discipline, returning cash to shareholders and investing in strategic projects.

What recent strategic moves has Huntsman Corporation made?

Huntsman has focused on strengthening its balance sheet through strategic divestitures, improving cash flow, and investing in cost-saving programs and strategic projects.

How does Huntsman Corporation engage with its stakeholders?

Huntsman engages through quarterly earnings reports, investor conferences, and an active presence on social media platforms like Twitter, Facebook, and LinkedIn.

What recent financial updates have been provided by Huntsman?

Recent updates include a declared dividend of $0.25 per share and the resolution of an unplanned outage at the Rotterdam facility.

Where can I find more information about Huntsman Corporation?

More information can be found on Huntsman's official website at www.huntsman.com.

What is Huntsman Corporation's approach to investor relations?

Huntsman provides detailed financial reports, participates in investor conferences, and maintains transparency through public disclosures and social media updates.

What challenges has Huntsman faced recently?

Huntsman has faced challenges such as weak demand, pricing pressures, and economic uncertainties, which have impacted its financial performance.

What are Huntsman Corporation's future growth plans?

Huntsman plans to continue investing in strategic projects, optimizing its cost structure, and exploring opportunities to improve its market position and shareholder value.

Huntsman Corporation

NYSE:HUN

HUN Rankings

HUN Stock Data

3.90B
173.00M
5.74%
86.62%
2.89%
Plastics Material and Resin Manufacturing
Manufacturing
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