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 reports developments tied to its global differentiated and specialty chemicals business. The company manufactures and markets products used by industrial and consumer-goods manufacturers, with operating areas that include Polyurethanes, Performance Products and Advanced Materials. Recurring updates cover earnings, segment performance, cash flow, common-stock dividends and annual meeting matters.
Company news also includes manufacturing and product-capacity developments, such as Performance Products investments for amine catalysts used in polyurethane, coatings, metalworking and electronics applications. Other recurring themes include demand conditions in end markets such as construction, automotive, durable goods and insulation, as well as executive leadership and corporate governance changes.
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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