Welcome to our dedicated page for Huntsman news (Ticker: HUN), a resource for investors and traders seeking the latest updates and insights on Huntsman stock.
Huntsman Corporation (NYSE: HUN) is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals, and the HUN news page on Stock Titan aggregates company-specific developments that matter to investors and industry followers. Huntsman’s products, which include differentiated organic chemical categories such as MDI, amines, maleic anhydride and epoxy-based polymer formulations, are used by manufacturers serving a broad range of consumer and industrial end markets, including adhesives, aerospace, automotive and construction-related products.
The news flow for Huntsman often centers on quarterly earnings announcements, segment performance for Polyurethanes, Performance Products and Advanced Materials, and management’s commentary on pricing, volumes, restructuring and cost optimization programs. Press releases provide details on revenues, net income or loss, adjusted net income or loss, adjusted EBITDA, free cash flow from continuing operations and capital expenditures, along with explanations of how factors such as construction demand, coatings and aerospace markets, and competitive pressures affect results.
Investors can also follow updates on dividends declared by the Board of Directors, including changes to the regular quarterly dividend level, as well as disclosures about plant closures, workforce reductions and other restructuring steps. Executive leadership changes, such as the retirement of senior officers and the appointment of new Executive Vice Presidents and General Counsel, are reported through press releases and corresponding Form 8-K filings.
By reviewing Huntsman news in one place, readers can track scheduled earnings conference calls, outlook updates, facility outages that affect segment performance, and capital structure developments such as amendments to receivables financing programs. Bookmarking the HUN news page provides a centralized view of how Huntsman communicates its financial performance, strategic actions and governance changes over time.
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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Huntsman Corporation (NYSE: HUN) will conduct a conference call on October 29, 2021, at 10:00 a.m. ET to discuss its third quarter financial results, which will be released at 6:00 a.m. ET on the same day. The call will provide insights into its financial performance and future outlook. Investors can access the call via a provided webcast. Huntsman is a global manufacturer in the specialty chemicals sector, with revenues near $6 billion for 2020.
KPX Chemical and Huntsman Corporation announced a joint venture named KPX HUNTSMAN POLYURETHANES AUTOMOTIVE CO., LTD. (KHPUA) on Sept. 28, 2021. This collaboration aims to deliver innovative polyurethane solutions to Korean automakers from KPX's Ulsan facility, with operations expected to start by the end of October. The venture leverages KPX's 47 years of experience and Huntsman's expertise in MDI-based solutions to meet the evolving needs of the automotive industry, particularly for lightweight and eco-friendly materials.
Huntsman Corporation (NYSE: HUN) announced a natural gas surcharge of Euros 125 per tonne on MDI sales in Europe, Africa, the Middle East, and India, effective October 1, 2021. This decision is in response to unprecedented natural gas price increases that have exceeded historic levels, impacting production costs significantly. The surcharge is in addition to existing MDI price hikes. President of Polyurethanes, Tony Hankins, stated the company is working with customers to manage this impact.
Huntsman Corporation (HUN) reported that Hurricane Ida did not significantly damage its Geismar, Louisiana manufacturing facility. Operations were safely shut down prior to the hurricane's arrival, and preparations for a gradual restart are underway. The company expects that any EBITDA impacts from the hurricane will be mitigated by strong performance in its Performance Products division and MDI markets in Europe and Asia. The anticipated production resumption timeline is this weekend, with increased rates expected next week.
On August 2, 2021, Huntsman Corporation (NYSE: HUN) declared a cash dividend of $0.1875 per share on its common stock. The dividend will be paid on September 30, 2021, to stockholders of record as of September 15, 2021. Huntsman reported approximately $6 billion in revenues for 2020 and operates over 70 facilities globally, employing around 9,000 associates across four business divisions.
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.