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.
Huntsman Corporation (NYSE: HUN) has sent a letter to shareholders ahead of its Annual Meeting on March 25, 2022, urging them to vote for its board nominees using the WHITE proxy card. The company claims it has delivered record results and increased guidance for Q1 2022. Huntsman highlights a five-year total shareholder return of 98%, emphasizing its focus on high-margin products and a strengthened board with eight new directors since 2018. The letter defends against Starboard's proxy fight, arguing that their nominees lack the necessary experience for the company's strategic direction.
Starboard Value LP, a major shareholder in Huntsman Corporation (NYSE: HUN) with an 8.8% stake, has released a supplemental presentation challenging Huntsman's recent claims made in its investor presentation. Starboard highlights Huntsman's history of unmet commitments, including a significant failure to achieve its $1.3 billion Adjusted EBITDA target set in 2016, missing it by 11%. Additionally, Huntsman’s Adjusted EBITDA in 2020 was 52% below its 2018 target. Starboard seeks change in Huntsman's board to improve governance and financial performance.
Huntsman Corporation (NYSE: HUN) mailed a letter to shareholders ahead of its Annual Meeting on March 25, 2022, refuting claims made by Starboard Value LP. Huntsman urges shareholders to vote the WHITE proxy card for its qualified directors. The letter highlights Huntsman's significant transformation and record performance, including a 123% total shareholder return (TSR) since Starboard's investment. Additionally, Huntsman announced increased Adjusted EBITDA guidance for Q1 2022, reiterating confidence in its strategic execution and financial health.
Huntsman Corporation (NYSE: HUN) updated its first-quarter 2022 outlook, expecting adjusted EBITDA to exceed the previous range of $350 million to $380 million, with a margin of 17%. This positive revision follows strong performance in the Performance Products segment and resilience in North America and Asia despite European energy cost challenges. Additionally, the company received a credit upgrade from Fitch Ratings to BBB, enhancing its financial profile.
Huntsman Corporation (HUN) has filed an investor presentation with the SEC for its 2022 Annual Meeting, showcasing its transformational strategy that has led to record profits in 2021. Highlights include a 40% portfolio divestiture over five years, successful cost optimization ahead of schedule, and a projected increase of over 300 basis points in adjusted EBITDA margin by 2024. The company also announced a refreshed board of directors aimed at advancing its transformation and expressed concerns regarding Starboard's proxy campaign, asserting it risks value destruction.
Starboard Value LP, a major shareholder of Huntsman Corporation (NYSE: HUN), with an 8.8% stake, has released a presentation titled Transforming Huntsman Corporation. The presentation critiques Huntsman's history of poor financial performance, governance issues, and unmet shareholder commitments. Starboard highlights a significant underperformance of ~562% against peers since 2005 and calls for an election of its slate of qualified director nominees at the upcoming shareholder meeting to improve accountability and performance.
Huntsman Corporation (NYSE: HUN) has sent a letter to shareholders ahead of its Annual Meeting on March 25, 2022, advocating for the election of its board nominees via the WHITE proxy card. The letter emphasizes Huntsman's recent record performance, including a 45% rise in Adjusted EBITDA to $349 million. It critiques Starboard's proposed slate of nominees, asserting they lack relevant industry experience and threaten Huntsman's strategic trajectory, which has yielded a total shareholder return of ~98% over five years. Huntsman urges shareholders to reject Starboard's proposals to protect long-term value.
Huntsman Corporation (NYSE: HUN) filed definitive proxy materials for its Annual Meeting of Stockholders on March 25, 2022. Stockholders as of February 1, 2022, can vote. Key highlights include record financial results in 2021, with adjusted EBITDA of $349 million and free cash flow of $698 million in Q4, 45% and 691% increases year-over-year, respectively. Huntsman has engaged with activist investor Starboard since September 2021, asserting that their proxy campaign risks value destruction. The Board has been refreshed, appointing eight new independent directors since 2018, enhancing oversight and governance.
On February 17, 2022, Starboard Value LP, holding approximately 8.6% of Huntsman Corporation's shares, expressed concerns in a letter to the company regarding repeated inquiries about their nomination of four independent director candidates for the upcoming Annual Meeting. Starboard asserts that it has thoroughly disclosed all information related to its nominees and criticizes Huntsman's Board for continued questioning. Starboard emphasizes the need for a reconstituted Board to enhance accountability and shareholder value.
Huntsman Corporation reported strong fourth quarter 2021 results, achieving $2,307 million in revenues and net income of $607 million, a significant increase from $360 million in Q4 2020. Adjusted diluted EPS rose to $0.95 from $0.51. The company experienced a 45% increase in adjusted EBITDA, reaching $349 million. Free cash flow for the quarter was $698 million, supported by a $332.5 million arbitration settlement. A 13% dividend increase was also announced, reflecting a commitment to shareholder returns. Huntsman anticipates further growth in 2022.