06.08.2010 • NewsHuntsmanKunststoffe & PolymereQ2 2010

Huntsman Posts Better-Than-Expected Q2 Profit

Chemicals maker Huntsman posted a higher-than-expected quarterly profit on Thursday as sales jumped across its units, pushing shares up 4.7% in premarket trading. For the period that ended June 30, the company posted net income of $114 million, or 47 cents per share, compared with $406 million, or $1.51 per share, in the year-ago period.

The year-ago results include a settlement with two banks over a botched sale of Huntsman to a private equity firm. Excluding one-time items, the company posted a profit of 31 cents per share.

Analysts expected earnings of 8 cents per share, according to Thomson Reuters I/B/E/S. Revenue rose 27% to $2.34 billion. Analysts expected revenue of $2.19 billion.

Huntsman, based in The Woodlands, Texas, said sales in its polyurethane business rose 34% and pricing increased 11%. Polyurethane is used to construct a wide range of products, including foam insulation and Spandex. Its shares rose 48 cents, or 4.7%, to $10.75 in premarket trading. The stock has traded between $6.10 and $14.25 in the past 52 weeks.

Company

Huntsman

Everslaan 45
3078 Everberg
Belgium

Company contact







Artificial Intelligence

Pierre Racz: "Real Artificial Intelligence Does Not Exist"
part one of a three-part interview series

Pierre Racz: "Real Artificial Intelligence Does Not Exist"

In part one Pierre Racz, President of Genetec, is addressing why IP network video systems were the game changer in the industry and why he does not like the term AI.

Free Virtual Event

ProteiNext 2025

ProteiNext 2025

ProteiNext is an annual symposium that offers a platform for sharing insights on protein analysis

most read

Photo
24.01.2025 • News

CEFIC Publishes 2024 Facts and Figures Report

CEFIC , the European Chemical Industry Council, has published its 2024 Facts & Figures report, which reinforces the need to take bold and urgent action to secure Europe’s industrial future, not only to implement the Green Deal but also to prevent further de-industrialization in Europe.

Photo
08.11.2024 • News

Future Prospects in Green Chemistry

The Discourse on Green Chemistry Interactive Pitch Competition, held on November 5, 2024, at Wiley's Berlin office as part of Berlin Science Week, showcased a range of innovative projects aimed at addressing critical environmental challenges.