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People & Business :: Earnings/Finance

Huntsman Earnings Up Slightly on Polyurethanes Business

8:24 AM MDT | August 1, 2012 | Lindsey Bewley

Huntsman reported that their second-quarter net income is up 9%, to $124 million (58 cts/share), from the year-ago quarter, on adjusted Ebitda up 14%, to $365 million. Sales were virtually unchanged, at $2.9 billion.   “More than 40% of our adjusted Ebitda was derived from our polyurethanes business, which experienced double-digit growth globally for our MDI products. Margins in that business improved as well,” says Peter Huntsman, president and CEO. “We have yet to realize the majority of benefits from our restructuring efforts. We...

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