IHS Chemical Week

Huntsman posts loss on debt repayment, restructuring costs

12:11 PM MST | February 12, 2013

Huntsman Corp. posted a net loss of $40 million for the fourth quarter, compared to net income $105 million of income in the prior year period, due to the impact of a loss from early repayment of debt and restructuring costs. Adjusted net income was $58 million, down 15% from the year-ago quarter. Revenues were flat at $2.6 billion. The company reports adjusted net earnings for the quarter of 24 cts/share, just ahead of the consensus estimate of 23 cts, and down 14% from the year-ago quarter. Earnings declines in pigments and advanced materials more than offset...

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