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 conference call on February 12, 2021, at 10:00 a.m. ET to discuss its fourth quarter 2020 financial results. Results will be released at 6:00 a.m. ET on the same day. The call will be available via webcast, accessible through Huntsman’s investor relations website. The company reported approximately $7 billion in revenues for 2019, operating in over 30 countries with around 9,000 employees across four business divisions.
Huntsman Corporation (NYSE: HUN) has successfully sold around 42.4 million shares of Venator Materials PLC to SK Capital Partners, generating about $100 million in cash. This transaction includes an option for the sale of 9.7 million additional shares at $2.15 per share. Additionally, Huntsman will realize $150 million in immediate cash tax savings due to the sale, totaling approximately $250 million in cash benefits this year. CEO Peter Huntsman expressed confidence in Venator’s future as the markets strengthen.
Huntsman Corporation (NYSE: HUN) has revised its fourth quarter 2020 outlook, projecting an adjusted EBITDA increase of 20% to 25% year-over-year. Specifically, the Polyurethanes segment is expected to see over a 20% improvement from Q3 2020, driven by robust demand and higher MDI margins, particularly in Asia. Performance Products is anticipated to rise nearly 15% compared to Q3. Additionally, Huntsman plans to sell 42.5 million shares of Venator Materials and redeem €445 million in Senior Notes due 2021, reducing interest expenses by approximately $25 million annually.
Huntsman Corporation (NYSE: HUN) has announced an agreement to acquire Gabriel Performance Products for $250 million. This all-cash transaction, set to close in Q1 2021, aims to broaden Huntsman's portfolio in specialty chemicals, particularly in coatings and adhesives. Gabriel, which reported $106 million in revenue in 2019, offers unique toughening agents and additives. This acquisition, with an EBITDA multiple of 11 times, is expected to generate significant synergies and enhance Huntsman's competitiveness in North America.
Huntsman Corporation (NYSE: HUN) has successfully completed the sale of its India-based DIY consumer adhesives business to Pidilite Industries in an all-cash deal valued at approximately $257 million. The transaction, finalized on November 3, 2020, excludes working capital adjustments, with potential additional proceeds of up to $28 million based on future sales performance. This sale reflects a 15x multiple on the business's adjusted EBITDA from 2019, indicating strong valuation metrics.
Huntsman Corporation (NYSE: HUN) has declared a $0.1625 per share cash dividend on its common stock, payable on December 31, 2020. Stockholders of record as of December 15, 2020, will receive the dividend. In 2019, Huntsman generated revenues of approximately $7 billion and operates over 70 manufacturing and R&D facilities globally. The company employs around 9,000 associates and markets a diverse range of specialty chemicals.
Huntsman Corporation (HUN) reported third quarter 2020 results with revenues of $1.51 billion, down 10% year-over-year. Net income increased to $57 million, or $0.22 per diluted share, while adjusted net income fell to $70 million from $95 million in Q3 2019. Adjusted EBITDA was $188 million, representing a 13% decrease. The company expects to realize $250 million in cash benefits from a share sale and tax savings. Huntsman also plans to close the sale of its India-based DIY adhesives business for up to $285 million shortly.
Huntsman Corporation (NYSE: HUN) has signed an agreement to sell its India-based DIY consumer adhesives business to Pidilite Industries for up to $285 million. The transaction will provide approximately $257 million in cash at closing, with an additional $28 million available based on sales performance. The deal, expected to close within a week, reflects a 2019 adjusted EBITDA multiple of around 15 times. CEO Peter Huntsman believes Pidilite is better positioned to grow the business in India and hints at reinvesting proceeds into core operations.
Huntsman Corporation (NYSE: HUN) reported a partial outage at its MDI facility in Geismar, Louisiana, caused by mechanical failure at a third-party supplier. This outage is expected to last approximately 5 weeks and could affect the company's fourth quarter adjusted EBITDA by around $15 million. An update will be provided during the third quarter earnings conference call scheduled for October 29, 2020.
Huntsman Corporation (NYSE: HUN) will hold a conference call on October 29, 2020, at 10:00 a.m. ET to discuss its third quarter 2020 financial results, which will be released earlier that day at 6:00 a.m. ET. The call will include a presentation accessible via the webcast. Participants can join by dialing (877) 402-8037 for domestic calls and (201) 378-4913 for international calls. Huntsman reported revenues of approximately $7 billion in 2019, employing around 9,000 associates.
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