Huntsman Releases 2009 First Quarter Results - Adjusted EBITDA in Line with Fourth Quarter Results; Available Liquidity of $1.1 Billion
Adjusted EBITDA in Line with Fourth Quarter Results; Available Liquidity of $1.1 Billion
First Quarter 2009 Highlights
- Revenues for the first quarter of 2009 were $1,693 million, a decrease of 33% compared to $2,540 million for the first quarter of 2008 and a decrease of 17% compared to $2,048 million for the fourth quarter of 2008.
- As of March 31, 2009, we had $1,115 million of combined cash and unused borrowing capacity consisting of $473 million cash and $642 million available borrowings under our credit facilities. We generated positive cash flow through aggressive management of our primary working capital. This available liquidity uniquely positions our business during these challenging economic times.
Read the full release here. (PDF, 142 kb)