Huntsman (NYSE: HUN) reported Q1 EPS of $0.96, $0.16 better than the analyst estimate of $0.80. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.17 billion.

First Quarter 2018 Highlights

• Net income was $350 million compared to $92 million in the prior year period and $287 million in the prior quarter.
• Adjusted EBITDA was $405 million compared to $260 million in the prior year period and $360 million in the prior quarter.
• Diluted income per share was $1.11 compared to $0.31 in the prior year period and $1.00 in the prior quarter.
• Adjusted diluted income per share was $0.96 compared to $0.45 in the prior year period and $0.76 in the prior quarter.
• Net cash provided by operating activities was $111 million. Free cash flow generation was $56 million.
• Balance sheet remains strong with a net leverage of 1.3x.
• Completed share repurchases of approximately $103 million through April 19, 2018, and approximately $347 million remains on the existing share repurchase authorization.
• Expanded the Polyurethanes downstream business with the acquisition of Demilec, a leading North American polyurethane spray foam producer, which was completed on April 23, 2018.

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