Huntsman Corp · Q4 2019 earnings

Briefing

Huntsman reported Q4 2019 results with revenues of $1,657 million, net income of $308 million, adjusted net income of $65 million and adjusted EBITDA of $182 million.

Huntsman Corporation reported Q4 2019 revenues of $1,657 million, net income of $308 million, adjusted net income of $65 million and adjusted EBITDA of $182 million. The company highlighted the $2 billion divestiture of its Chemical Intermediates and Surfactants businesses and the acquisition of the remaining 50% investment in its Maleic Anhydride joint venture from Sasol.

• Divested Chemical Intermediates and Surfactants businesses for $2 billion.
• Acquired the remaining 50% investment in Maleic Anhydride joint venture from Sasol.
• Opened a new polyurethanes system house in Dubai.
• Announced the agreement to acquire Icynene-Lapolla.

Headline financials

Revenue & EPS history

Heading into 2020 we remain focused on what we can control, which will include investing both organically and through acquisitions into our downstream and specialty platforms, and being balanced in our approach to capital allocation, including maintaining a competitive dividend and ongoing opportunistic share repurchases. The economic headwinds remain as we enter the year making earnings growth more of a challenge. However, with our strengthened balance sheet and strong downstream platforms for further growth, I see far more opportunities than challenges before us as we pursue multiple opportunities to create further shareholder value.