NYSE$HUN

Huntsman Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Huntsman reported strong Q4 2021 results driven by higher prices and volumes, and announced a dividend increase and share repurchases.

Huntsman Corporation reported fourth quarter 2021 results with revenues of $2,307 million, net income of $607 million, adjusted net income of $207 million and adjusted EBITDA of $349 million. The company concluded 2021 with its best year with the current portfolio of businesses. They repurchased over $200 million of shares in the second half of the year and announced a 13% increase to the quarterly dividend.

  • Q4 2021 revenues reached $2,307 million.
  • Net income for Q4 2021 was $607 million.
  • Adjusted net income for Q4 2021 was $207 million.
  • Adjusted EBITDA for Q4 2021 was $349 million.

Headline financials

Total Revenue

$2.31B

Previous: $1.67B+38.3%
EPS (adj)

$0.95

Previous: $0.51+86.3%
Capital Expenditures

$92M

Previous: $79M+16.5%
Free Cash Flow

$698M

Previous: $157M+344.6%
Net Income

$607M

Previous: $360M+68.6%
Operating Income

$607M

Previous: $389M+56.0%
Gross Profit

$469M

Previous: $362M+29.6%
Cash & Equivalents

$2.5B

Previous: $1.59B+56.9%
Total Assets

$9.39B

Previous: $8.71B+7.8%
Stock-Based Comp

$8M

Previous: $7M+14.3%

Revenue & EPS history

Huntsman · Revenue · Quarterly

$2.31B

Q4 2021+38.3%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Huntsman expects 2022 to be another strong year. They expect to grow earnings further, expand adjusted EBITDA margins and deliver improved free cash flow and cost optimization.

Tailwinds

  • Complete Geismar Louisiana, MDI splitter project in Q2 2022.
  • Expand differentiated Polyurethanes business in the Americas.
  • Progress investments targeting electric vehicle batteries.
  • Progress investments targeting semi-conductors.
  • Progress investments targeting polyurethane catalysts.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.6%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.1%

Avg return

30 days after

56%

38 / 68 earnings

Positive

+14.6%

Q3 2011

Best reaction

-29.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.7%+5.1%+6.8%
Q4 2025+8.6%+1.1%-15.7%
Q3 2025+10.2%+14.3%+35.3%
Q1 2025-9.6%-16.2%-16.7%
Q4 2024+4.8%+3.6%-3.8%
Q3 2024-4.0%-6.7%-7.6%
Q2 2024-5.5%-5.6%+2.0%
Q1 2024+1.9%+3.4%+2.0%
Q4 2023+6.1%+3.9%+3.6%
Q3 2023-0.3%+2.8%+7.4%
Q2 2023-5.4%-3.8%-6.4%
Q1 2023-1.5%-4.4%-3.1%
Q4 2022-5.6%-4.1%-13.0%
Q3 2022+3.0%-0.6%+9.3%
Q2 2022-1.0%-0.5%-5.8%
Q1 2022-1.8%-0.1%+6.0%
Q4 2021+12.2%+12.4%+8.6%
Q3 2021+5.4%+5.9%+2.4%
Q2 2021-1.6%-4.2%+0.1%
Q1 2021+1.2%+6.4%-3.3%
Q4 2020+0.8%+1.1%+4.2%
Q3 2020+1.2%+3.9%+6.5%
Q2 2020-1.2%-6.7%+8.8%
Q1 2020-9.8%-12.8%+8.0%
Q4 2019-3.4%-6.4%-28.3%
Q3 2019-3.4%-4.2%-1.1%
Q2 2019+2.2%-4.9%-2.4%
Q1 2019-8.4%-6.5%-21.0%
Q4 2018+1.7%+5.1%+5.6%
Q3 2018+5.3%+12.8%-4.3%
Q2 2018+3.2%+2.6%-2.6%
Q1 2018-1.9%-0.6%+7.4%
Q4 2017+1.6%-3.2%-13.2%
Q3 2017+5.2%+6.8%+3.6%
Q2 2017-1.8%-3.9%-3.1%
Q1 2017-1.5%-0.7%-2.9%
Q4 2016-0.6%-1.8%+5.3%
Q3 2016+4.1%+2.7%+18.6%
Q2 2016-1.6%-4.3%+5.4%
Q1 2016+2.2%
Q4 2015+5.5%
Q3 2015+13.5%
Q2 2015+1.8%
Q1 2015+2.9%
Q4 2014-6.9%
Q3 2014-1.8%
Q2 2014-2.5%
Q1 2014+1.6%
Q4 2013+1.6%
Q3 2013+6.5%
Q2 2013+1.2%
Q1 2013-2.3%
Q4 2012-8.1%
Q3 2012+9.9%
Q2 2012+1.2%
Q1 2012+9.0%
Q4 2011+6.2%
Q3 2011+14.6%
Q2 2011-29.4%
Q1 2010+6.1%
Q1 2011+0.7%
Q4 2010-3.3%
Q4 2008-3.3%
Q3 2009-1.4%
Q3 2010-1.4%
Q2 2010+1.6%
Q4 2009+1.6%
Q2 2009+1.6%

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