Markets :: Plastics :: Methylene di-para-phenylene isocyanate
Huntsman first-quarter adjusted earnings fall 75%
10:59 AM MDT | April 30, 2013 | Clay Boswell
Huntsman on Tuesday reported a net loss of $24 million due mainly to a charge related to early repayment of debt compared with net income of $163 million in the year-ago quarter. Adjusted net income, excluding charges, was $46 million, a year-on-year (YOY) decline of 75% due to weaker titanium dioxide (TiO2) earnings. Adjusted diluted income per share totaled 19 cts/share, beating the consensus estimate by 19%. Revenues of $2.7 billion fell 7% YOY. “During the first quarter this year we saw a meaningful improvement in our MDI (methylene...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee