NEWS
Huntsman Releases First Quarter 2011 Results

STRONG DEMAND LEADS TO A 28% YEAR OVER YEAR INCREASE IN REVENUE AND ADJUSTED EBITDA OF $302 MILLION

First Quarter 2011 Highlights

  • Revenues for the first quarter of 2011 were $2,679 million, an increase of 28% compared to
    $2,094 million for the same period in 2010 and an increase of 11% compared to $2,412
    million for the fourth quarter of 2010.
  • Adjusted EBITDA for the first quarter of 2011 was $302 million compared to $123 million for
    the same period in 2010 and $219 million for the fourth quarter of 2010.
  • Adjusted net income for the first quarter of 2011 was $114 million or $0.47 per diluted share.
    This compares to adjusted net loss of $16 million or $0.07 loss per diluted share for the
    same period in 2010 and adjusted net income of $58 million or $0.24 per diluted share for
    the fourth quarter of 2010.
  • Net income attributable to Huntsman Corporation for the first quarter of 2011 was $62
    million or $0.26 per diluted share. This compares to net loss attributable to Huntsman
    Corporation of $172 million or $0.73 loss per diluted share for the same period in 2010 and
    net income attributable to Huntsman Corporation of $30 million or $0.12 per diluted share
    for the fourth quarter of 2010.

Read the full release here. (PDF, 130 kb)

 
 
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