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.
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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.
Huntsman Corporation (NYSE: HUN) declared a $0.2125 per share cash dividend on its common stock, payable on December 30, 2022, to stockholders of record as of December 15, 2022. In 2021, Huntsman generated approximately $8 billion in revenues, operating over 70 facilities across 30 countries with around 9,000 employees. This dividend announcement reflects the company's ongoing commitment to returning value to shareholders.
Huntsman Corporation (NYSE: HUN) reported third quarter 2022 results with revenues of $2,011 million, down 4% from the previous year. Net income decreased to $115 million, or $0.50 per diluted share. Adjusted net income was $141 million, with an adjusted EBITDA of $271 million. Free cash flow improved significantly to $228 million. The company plans to sell its Textile Effects division for $718 million and has expanded cost improvement initiatives to $280 million in response to rising energy costs in Europe. Overall, the business environment remains challenging, particularly in Europe.