IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Huntsman Adjusted Earnings Rise 13% on Price Increases

8:35 AM MST | February 16, 2012 | Vincent Valk

Huntsman’s fourth-quarter net income rose 350% year-on-year, to $105 million, or 44 cts/share, on revenues up 9%, to $2.6 billion. However, results in both quarters were significantly impacted by special items. Excluding these items, adjusted earnings for the fourth-quarter totaled $68 million, or 28 cts/share, up 13% from the year-ago period. Price increases in the company's pigments segment accounted for most of the rise in earnings. Earnings narrowly beat analysts’ estimates of 27 cts/share, as reported by Thomson One (New York). The...

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