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 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.
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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.
Huntsman Corporation (NYSE: HUN) announced that Sean Douglas, the Executive Vice President and Chief Financial Officer, will resign effective July 1, 2021, to pursue a full-time calling with The Church of Jesus Christ of Latter-day Saints. Peter Huntsman, Chairman and CEO, praised Douglas for his 30 years of service, noting his significant contributions to the company's financial strategy and product portfolio transition. The company is currently searching for a new CFO and aims to have someone in place by the resignation date.
Huntsman Corporation (NYSE: HUN) has declared a $0.1625 cash dividend per share on its common stock, payable on March 31, 2021, to stockholders of record by March 15, 2021. Additionally, the company will hold its 2021 Annual Meeting in a virtual format on April 28, 2021, due to ongoing COVID-19 health concerns, with eligibility for record holders as of March 4, 2021. Huntsman reported revenues of approximately $6 billion in 2020, operating over 70 facilities globally.
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