06.08.2010 • News

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

I am interested in:

an offer
a callback
detailed information

Your request

salutation first name last name

country phone email

Please note our data protection information for the contact form.

Article

Reshaping Specialty Chemicals Manufacturing

The State of the US Specialty Chemicals Industry

SOCMA's Jenn Klein examines how specialty chemical manufacturers — the invisible backbone behind pharmaceuticals, electronics, agriculture, and energy — are navigating supply chain shifts, policy uncertainty, and constant change while remaining resilient, disciplined, and focused on execution.

From Lab to Market Challenge

Choose your favourite among the finalists

Vote Now: Germany's Most Promising Chemistry Start-ups

The "From Lab to Market Challenge" brings together the most promising founders from chemistry, materials science, and industrial biotechnology. Starting June 1st, you can cast your public vote for the finalists on CHEManager.com — before the award ceremony with €10,000 in prizes takes place on June 25th.