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), a global leader in specialty chemicals manufacturing, provides this centralized hub for investors and industry professionals tracking its latest developments. This page aggregates official press releases, financial updates, and strategic announcements from the company’s polyurethanes, performance products, and advanced materials divisions.
Access real-time information on operational milestones, including innovations in chemical solutions for automotive, aerospace, and construction applications. The resource serves as a reliable reference for monitoring HUN’s market positioning, sustainability initiatives, and responses to evolving industry demands.
Key updates typically include earnings disclosures, product launches, partnership agreements, and manufacturing advancements. Content is curated to meet investor needs for decision-making insights while maintaining compliance with financial reporting standards.
Bookmark this page for streamlined access to Huntsman’s verified corporate communications. For comprehensive understanding of HUN’s business strategy and sector impact, combine these updates with fundamental analysis of the company’s global operations and R&D capabilities.
Huntsman Corporation (NYSE: HUN) has announced a conference call scheduled for May 5, 2023, at 10:00 a.m. ET to discuss its first quarter 2023 financial results, which will be released at approximately 6:00 a.m. ET on the same day. The call will be accessible via a webcast link, and participants can dial in using provided phone numbers for domestic and international callers.
The company reported revenues of approximately $8 billion in 2022 and operates over 60 manufacturing and R&D facilities globally, employing around 7,000 associates.
Huntsman Corporation (NYSE: HUN) has finalized the sale of its Textile Effects division to Archroma for $593 million in cash, along with assumed pension liabilities. The net after-tax cash proceeds are estimated to be approximately $540 million, subject to standard closure adjustments. This strategic divestiture allows Huntsman to focus on its core operations in specialty chemicals, which generated revenues of about $8 billion in 2022. The transaction is aligned with the company’s ongoing efforts to optimize its portfolio and enhance operational efficiency.
Huntsman Corporation (NYSE: HUN) reported a net loss of $91 million for Q4 2022, contrasting sharply with a net income of $597 million in Q4 2021. The diluted loss per share was $0.48, down from earnings of $2.73 last year. Adjusted net income fell to $8 million, with an adjusted diluted EPS of $0.04. Revenues dropped to $1.65 billion from $2.11 billion year-on-year. The company anticipates a stronger performance in 2023 as destocking ends and highlights successful cost reduction initiatives. Huntsman is finalizing a $540 million sale of its Textile Effects division, expected to close on February 28, 2023.
Huntsman Corporation (NYSE: HUN) announced a $0.2375 per share cash dividend, reflecting a 12% increase from the prior dividend. The dividend is payable on March 31, 2023 to shareholders recorded as of March 15, 2023.
The company also scheduled its 2023 Annual Meeting of Stockholders for April 21, 2023, at 9:00 AM Central Time. Shareholders of record as of February 27, 2023 can vote.
Executive VP and CFO Phil Lister highlighted the company’s strong balance sheet and expected proceeds from the sale of Textile Effects, reinforcing its commitment to shareholder value.
Huntsman Corporation (NYSE: HUN) has received all regulatory approvals necessary to finalize the sale of its Textile Effects division to Archroma, expected to close on February 28, 2023. The sale price is $593 million in cash, along with assumed pension liabilities. Huntsman anticipates net cash proceeds of approximately $540 million after tax and customary adjustments. CEO Peter Huntsman expressed gratitude towards the employees for their dedication in bringing the deal to completion. This transaction aims to create a leading textile chemicals and dyes company.
Huntsman Corporation (NYSE: HUN) has scheduled a conference call for February 21, 2023, at 10:00 a.m. ET to discuss its fourth quarter 2022 financial results, which will be available earlier that morning at 6:00 a.m. ET. Interested parties can access the call via webcast and find accompanying presentation slides on Huntsman's investor relations website. Huntsman is a leading global manufacturer of specialty chemicals, with approximately $8 billion in revenues for 2021 and operations in 30 countries.
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