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 (NYSE: HUN) has appointed Jan Buberl as the new President of the Performance Products Division, effective August 1, 2024. Buberl brings extensive global experience to the role, having served as Vice President of Huntsman Polyurethanes, Americas for the past five years and as a director of Huntsman's Chinese PO/MTBE joint venture with Sinopec. His background includes previous work at Venator and a 16-year tenure at BASF, where he held various global roles, including leading BASF's North America corporate strategy development.
Peter Huntsman, Chairman, President, and CEO of Huntsman , expressed enthusiasm for Buberl joining the executive leadership team, citing his deep experience and track record of success. Buberl holds a master's degree in international marketing from the University of Ludwigshafen, Germany, and an MBA from the University of North Carolina at Greensboro.
Huntsman (NYSE: HUN) will discuss its Q2 2024 financial results on August 6, 2024, at 10:00 a.m. ET via a conference call.
The earnings release, including financial statements and segment information, will be published after market close on August 5, 2024.
A webcast link and dial-in numbers for the call are provided, with a replay available on Huntsman's investor relations website post-call.
Huntsman (NYSE: HUN) inaugurated a new innovation center in Tienen, Belgium on June 13, 2024. The 11,000-square-meter facility includes state-of-the-art laboratories, machine halls, and automated testing facilities, enhancing Huntsman’s R&D capabilities. Housing over 100 scientists, the center will support the Polyurethanes and Performance Products businesses, focusing on key markets like automotive and energy. The event featured speeches from CEO Peter Huntsman and Polyurethanes President Tony Hankins, who emphasized the center's role in fostering innovation and sustainability. Huntsman aims to leverage this facility to advance its technologies and address sustainability challenges.
Huntsman has released its 2023 corporate sustainability report, titled 'Solutions for Sustainability.' The report underscores Huntsman's innovative solutions to sustainability challenges.
Key highlights include 60% progress towards Horizon 2025 targets, publication of 25 product safety summaries, reductions in both total waste intensity and water consumption in stressed areas, and improved disclosures against TCFD, GRI, and SASB frameworks.
The company emphasizes its role in providing energy-saving products and materials that contribute to sustainability goals globally.
Huntsman (NYSE: HUN) declared a $0.25 per share cash dividend on its common stock, payable on June 28, 2024. The announcement was made on May 9, 2024, by the Board of Directors.
Huntsman (HUN) reported a net loss of $37 million in Q1 2024 compared to a net income of $153 million in the prior year. Adjusted EBITDA was $81 million. The company expects improving trends in sales volumes and margins going forward. Revenues were $1,470 million.
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