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 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.
Summary not available.
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.
Summary not available.
Huntsman Corporation (NYSE: HUN) announced a cash dividend of $0.2125 per share on its common stock, set for payment on June 30, 2022, to stockholders on record as of June 15, 2022. The company reported revenues of approximately $8 billion in 2021 and operates over 70 facilities worldwide. Huntsman specializes in differentiated and specialty chemicals, with a broad range of products sold in diverse markets.
Huntsman Corporation (NYSE: HUN) has been awarded $93.9 million by a New Orleans jury in a lawsuit against Praxair/Linde, stemming from supply failures at Huntsman's Geismar, Louisiana site. The total damages, including interest, are expected to exceed $125 million. The lawsuit, initiated in 2014, highlighted Praxair's failure to maintain its facility and fulfill contractual obligations. This verdict follows a previous victory against Albemarle, marking significant legal success for Huntsman in recent months, reinforcing its commitment to ensuring shareholder value.
Huntsman Corporation (HUN) reported a robust first quarter in 2022, achieving revenues of $2,389 million, a 30% increase from $1,837 million in Q1 2021. The net income surged to $240 million compared to $100 million a year ago, translating to diluted EPS of $1.04. Adjusted net income was $256 million, with an adjusted EBITDA of $415 million and a margin of 17%. The company has improved its financial flexibility with increased cash flow, a 13% dividend hike, and a doubled share repurchase authorization of $2 billion.
Huntsman Corporation (NYSE: HUN) publicly addressed a lawsuit filed by two former employees claiming racial discrimination and wrongful termination. The company states these allegations are false, asserting that the ex-employees were dismissed for misconduct after a thorough investigation revealed unauthorized behavior. Huntsman emphasizes its commitment to combating discrimination and claims no racial motives were involved in the terminations. The company will robustly defend itself against these allegations, asserting its reputation and integrity.
Huntsman will hold a conference call on April 28, 2022, at 10:00 a.m. ET to discuss its first quarter 2022 financial results, releasing them at 6:00 a.m. ET that day. Investors can access the call via a webcast link and presentation slides will be available on Huntsman's investor relations website. The company, known for its specialty chemicals, reported $6 billion in revenue in 2020 and operates globally across various industries.