Huntsman Corp Stock Price, News & Analysis

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.

Huntsman Corporation (NYSE: HUN) will hold a conference call on November 4, 2022, at 8:00 a.m. ET to discuss its third-quarter 2022 financial results, releasing them at 6:00 a.m. ET. Domestic callers can join at (877) 402-8037 while international callers can use (201) 378-4913. The call will feature presentation slides available through the webcast and on Huntsman's investor relations website. The company, a global manufacturer of specialty chemicals, reported approximately $8 billion in revenues for 2021.

Huntsman (NYSE: HUN) provided an update during its second quarter earnings call, forecasting third quarter adjusted EBITDA between $310 million and $355 million, excluding Textile Effects. Adjusted EBITDA from continuing operations is expected to be between $260 million and $280 million. The company is facing challenges due to high energy costs in Europe, lower demand in key segments, and sluggish economic conditions in China. Nevertheless, Huntsman anticipates achieving approximately $170 million in annualized cost savings by year-end.

Huntsman Corporation (NYSE: HUN) announced a definitive agreement to sell its Textile Effects division to Archroma for approximately $718 million. This figure includes around $125 million in net underfunded pension liabilities. For the last twelve months ending June 30, 2022, the division reported sales of $772 million and adjusted EBITDA of $94 million. The transaction, which is expected to close in the first half of 2023, is anticipated to incur cash taxes of about $50 million.

Huntsman Corporation (NYSE: HUN) has declared a $0.2125 per share cash dividend on common stock, payable on September 30, 2022, to shareholders on record as of September 15, 2022. The company reported revenues of approximately $8 billion in 2021 and operates over 70 manufacturing and R&D facilities globally. Huntsman specializes in the production of differentiated and specialty chemicals, serving diverse consumer and industrial markets.

Huntsman Corporation reported strong second quarter 2022 results, with revenues reaching $2,362 million, a 17% increase from the previous year. Net income was $242 million or $1.10 per diluted share, up from $172 million or $0.70 a year earlier. Adjusted EBITDA rose 29% to $432 million. Free cash flow was notably positive at $162 million, contrasting with a cash outflow previously. The company repurchased approximately $291 million of shares. Despite macroeconomic challenges, Huntsman maintains a strong financial outlook.

Huntsman Corporation will hold a conference call on August 2, 2022, at 10:00 a.m. ET to discuss its Q2 2022 financial results, which will be released at 6:00 a.m. ET on the same day. The call will be accessible via a webcast. Huntsman reported approximately $8 billion in revenues for 2021 and operates more than 70 manufacturing facilities globally. The conference will include presentation slides available on their investor relations website.