Huntsman (HUN) Tops Q4 EPS by 10c, Beats on Revenues
Note: EPS may not be comparable
Huntsman (NYSE: HUN) reported Q4 EPS of $0.76, $0.10 better than the analyst estimate of $0.66. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.1 billion.
Fourth Quarter 2017 Highlights
- Net income was $287 million compared to $137 million in the prior year period and $179 million in the prior quarter.
- Adjusted EBITDA was $360 million compared to $210 million in the prior year period and $340 million in the prior quarter.
- Diluted income per share was $1.00 compared to $0.53 in the prior year period and $0.60 in the prior quarter.
- Adjusted diluted income per share was $0.76 compared to $0.21 in the prior year period and $0.67 in the prior quarter.
- Net cash provided by operating activities was $304 million. Free cash flow generation was $190 million.
- Successful secondary offering of Venator (NYSE – VNTR) shares was completed in December. The net proceeds were used to pay down the remaining $511 million on Huntsman\'s Term Loan B due 2023, reducing net leverage to 1.4x. Huntsman\'s remaining ownership interest in Venator is currently approximately 53%.
For earnings history and earnings-related data on Huntsman (HUN) click here.
