NEWS
Huntsman Releases 2010 Fourth Quarter and Full Year Results

HIGHER REVENUES LEAD TO ADJUSTED EBITDA OF $219 MILLION; GREATER THAN ANY PREVIOUS FOURTH QUARTER

Fourth Quarter 2010 Highlights

  • Revenues for the fourth quarter of 2010 were $2,412 million, an increase of 17% compared to $2,064 million for the same period in 2009 and a slight increase compared to $2,401 million for the third quarter of 2010.
  • Adjusted EBITDA for the fourth quarter of 2010 was $219 million compared to $174 million for the same period in 2009 and $273 million for the third quarter of 2010.
  • Adjusted net income for the fourth quarter of 2010 was $58 million or $0.24 per diluted share. This compares to adjusted net income of $78 million or $0.30 per diluted share for the same period in 2009 and adjusted net income of $83 million or $0.34 per diluted share for the third quarter of 2010.
  • Net income attributable to Huntsman Corporation for the fourth quarter of 2010 was $30 million or $0.12 per diluted share. This compares to net income attributable to Huntsman Corporation of $66 million or $0.26 per diluted share for the same period in 2009 and $55 million or $0.23 per diluted share for the third quarter of 2010.

Full Year 2010 Highlights

  • Revenues for 2010 were $9,250 million compared to $7,665 million for 2009.
  • Adjusted EBITDA for 2010 was $872 million compared to $529 million for 2009.
  • Adjusted net income for 2010 was $200 million or $0.83 per diluted share compared to adjusted net loss of $303 million or $1.30 loss per diluted shared for 2009.
  • Net income attributable to Huntsman Corporation for 2010 was $27 million or $0.11 per diluted share compared to $114 million or $0.48 per diluted shared for 2009. 

Click here to view the press release in its entirety (PDF, 142Kb) 

 
 
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