Huntsman Returns to Profit; Volumes Surge

Huntsman reported first-quarter net income of $62 million, compared with a net loss of $172 million in the same period last year. The 2010 quarter included charges related to the early extinguishment of debt of $155 million. Earnings of 47 cts/share beat the consensus of analysts’ estimates of 24 cts/share, as reported by Reuters Thomson (New York). Sales rose 28%, to $2.7 billion. "I am pleased with the strong earnings of our business in the first quarter; underlying demand for our largest businesses continues to improve with the global economic...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers