Huntsman (HUN) Tops Q3 EPS by 6c

Huntsman (NYSE: HUN) reported Q3 EPS of $0.60, $0.06 better than the analyst estimate of $0.54. Revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.91 billion.

Peter R. Huntsman, our President and CEO, commented:

"We continue to see growing demand for key products such as MDI polyurethanes, amines, maleic, aerospace composites and environmentally friendly textile dyes and chemicals. Third quarter EBITDA from these products increased more than $30 million compared to the prior year. The strength in our earnings is underpinned by broad earnings growth from multiple products across our divisions.

Recently, we successfully completed the acquisition of Rockwood's performance additives and specialty titanium dioxide businesses. We have plans to deliver $130 million of annual synergies by the middle of 2016 at which point we believe this acquisition will yield approximately $0.70 of earnings per share to shareholders."

For earnings history and earnings-related data on Huntsman (HUN) click here.

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