Huntsman Corp Stock Price, News & Analysis

Huntsman Corporation reported a robust second quarter in 2021 with revenue of $2,024 million, sharply up from $1,247 million year-on-year. The company posted a net income of $172 million compared to a net loss of $59 million in the previous year. Adjusted EBITDA surged to $334 million, significantly higher than $54 million in Q2 2020. Despite challenges, Huntsman maintained a strong balance sheet with $1.9 billion in liquidity and a net leverage of 1.0x. Noteworthy is the reduction in annual cash interest expenses by $9 million following the refinancing of debt.

Huntsman Corporation (NYSE: HUN) will host a conference call on July 30, 2021, at 10:00 a.m. ET to review its Q2 2021 financial results, which will be available at 6:00 a.m. ET that day. Participants can join by dialing (877) 402-8037 for domestic callers or (201) 378-4913 for international callers. The call will feature presentation slides accessible via the webcast link. Huntsman reported revenues of approximately $6 billion in 2020, operates over 70 facilities worldwide, and employs around 9,000 associates.

Huntsman Corporation (NYSE: HUN) announced plans to expand its ULTRAPURE™ Ethylene Carbonate production capacity at its Conroe, Texas facility by mid-2023. This expansion responds to rising demand in the lithium-ion battery market, crucial for electric vehicles (EVs) and electronics. Huntsman is the only US producer of cyclic carbonates and has seen significant growth in this sector. The company aims to support the expanding US and European markets while enhancing service to its customers and contributing to reduced emissions in transportation.

Huntsman Corporation (NYSE: HUN) has appointed Phil Lister as the new Executive Vice President and Chief Financial Officer, effective July 1, 2021. Lister, a 25-year veteran of the company, succeeds Sean Douglas, who has transitioned to a full-time role with The Church of Jesus Christ of Latter-day Saints. In his previous role as VP of Corporate Development, Lister oversaw transactions worth over $3.5 billion, enhancing the company's portfolio and focus on specialty businesses. This leadership change aims to bolster Huntsman's strategy for organic and acquisition-driven growth.

Huntsman Corporation (NYSE: HUN) has priced a $400 million offering of Senior Notes due 2031 at 99.930%, with a 2.950% interest rate. The offering will close on May 26, 2021. Proceeds will be used to redeem $400 million of 5.125% Senior Notes due 2022 and to cover accrued interest and related expenses. The offering falls under an effective shelf registration with the SEC, and various financial institutions are acting as joint book-running managers. Huntsman, a global specialty chemicals manufacturer, reported approximately $6 billion in revenues for 2020.

Huntsman Corporation (NYSE: HUN) reported first quarter 2021 results showing revenues of $1.837 billion, up 15% from the previous year's $1.593 billion. However, net income fell to $100 million from $708 million a year earlier, with diluted earnings per share at $0.37, down from $3.16. Adjusted net income increased to $147 million from $65 million and adjusted EBITDA rose to $289 million from $165 million. The balance sheet remains strong with $2.1 billion in liquidity and a net leverage of 1.2x. The Board approved a 15% dividend increase.

On April 28, 2021, Huntsman Corporation (NYSE: HUN) announced a $0.1875 per share cash dividend, reflecting a 15% increase from the previous dividend. This dividend will be paid on June 30, 2021, to stockholders on record as of June 15, 2021. CEO Peter Huntsman expressed confidence in the company's future due to strengthened balance sheets and improved business portfolios, highlighting the ability to generate strong free cash flow.

Huntsman Corporation (NYSE: HUN) will host a conference call on April 30, 2021, at 10:00 a.m. ET to discuss its first quarter financial results, set to be released at 6:00 a.m. ET on the same day. Investors can access the call through a webcast, and the presentation slides will be available on Huntsman's investor relations site. Huntsman reported revenues of approximately $7 billion in 2019 and operates over 70 facilities globally. Forward-looking statements indicate potential risks, including economic volatility and operational disruptions.