Huntsman (HUN) Tops Q2 EPS by 19c, Revenues In-Line

Huntsman (NYSE: HUN) reported Q2 EPS of $0.85, $0.19 better than the analyst estimate of $0.66. Revenue for the quarter came in at $2.62 billion versus the consensus estimate of $2.62 billion.

Second Quarter 2017 Highlights

• Net income was $183 million compared to $94 million in the prior year period and $92 million in the prior quarter.
• Adjusted EBITDA was $413 million compared to $325 million in the prior year period and $329 million in the prior quarter.
• Diluted income per share was $0.69 compared to $0.36 in the prior year period and $0.31 in the prior quarter.
• Adjusted diluted income per share was $0.85 compared to $0.53 in the prior year period and $0.57 in the prior quarter.
• Net cash provided by operating activities was $301 million. Free cash flow generation was $251 million.
• On July 26, 2017, we made a $100 million early repayment of debt on our term loan B due 2019.
• Our Pigments and Additives division (Venator) launched its initial public offering on July 24, 2017.
• Our definitive agreement to merge with Clariant remains on track. We are confident in our ability to achieve in excess of $400 million in annual cost synergies with another $25 million in annual tax savings, creating in excess of $3.5 billion of value for shareholders

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

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