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Huntsman earnings up as strong polyurethanes offset weak TiO2
November 2, 2012 | Robert Westervelt
Huntsman reported third-quarter net income of $116 million, reversing a loss of $34 million in the prior-year period as stronger polyurethanes results offset weak titanium dioxide (TiO2). Revenue rose 7.9%, to $2.7 billion. Reported adjusted earnings of 70 cts/share were up 49% from the year-ago quarter, and 38% above the midpoint of analyst estimates as recorded by Thomson Reuters. “Compared to the prior year and quarter, improved earnings in our polyurethanes businesses more than offset the decline in our pigments business,” says Huntsman CEO Peter...
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