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.
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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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.