Huntsman Is Really Cheap And Could Move Higher
Alpha Gen Capital
Alpha Gen Capital
Mon, Nov. 14, 4:40 PM
Mon, Nov. 14, 10:41 AM
- Huntsman (HUN +0.8%) promotes Sean Douglas to Executive VP and CFO, and appoints current CFO Kimo Esplin as Executive VP for Strategy and Investment, both effective Jan. 1.
- Douglas, who joined the company in 1990, has held several positions at HUN, most recently VP of Corporate Development and Treasurer; Esplin has served as the company's CFO for 17 years.
Fri, Oct. 28, 9:58 AM
- Huntsman (HUN +4.6%) is higher in early trading after beginning the process to create a new, publicly traded specialty chemical business next year, filing an initial Form 10 registration with the SEC for the previously announced spinoff.
- HUN expects the new pigments, additives and textile effects company will begin trading on the NYSE sometime during H1 2017.
- The new company will focus on titanium dioxide, or TiO2, which is used as a pigment for various items including food coloring, paints, coatings and sunscreen, but the business is more cyclical than HUN’s other divisions.
- “TiO2 prices are improving and with additional increases expected in the future, the timing of our spinoff should be well positioned,” says HUN President and CEO Peter Huntsman.
- HUN posted a Q3 earnings beat on 10% Y/Y lower revenues of $2.36B.
Fri, Oct. 28, 6:02 AM
Thu, Oct. 27, 5:30 PM
Wed, Sep. 21, 11:45 AM
- Huntsman (HUN +5.2%) surges after a fatal explosion at a Chinese competitor’s plant raised expectations that prices for polyurethane would rise.
- The Wanhua Chemical Group plant in Yantai City, China, accounts for 8% of the global supply of methylene diphenyl diisocyanate, which is used to make polyurethanes in hundreds of applications including foam cushioning and rigid insulation.
- HUN stands to benefit should the explosion extend the month-long plant shutdown as that would further tighten the MDI market in Asia, Nomura says.
Tue, Aug. 30, 4:21 PM
Wed, Aug. 3, 3:45 PM
- Huntsman (HUN +3%) agrees to sell three European manufacturing plants for $225M to Innospec (IOSP +6.1%) to help pay off debt.
- HUN says it is selling its surfactants plants in France, Italy and Spain, but that it remains dedicated to its surfactants business in the U.S. and Australia; surfactants are chemicals used to make detergents and other products, such as disperants, for cleaning up oil spills.
- HUN says it plans to enter into supply and long-term tolling arrangements with IOSP to continue marketing some of the products.
Wed, Jul. 27, 4:58 PM
- Huntsman (NYSE:HUN) says its plans to spin off rather than sell the specialty chemical business focusing on TiO2, and create a new publicly traded company by early next year.
- After debating for many months which route to take, Huntsman CEO Peter Huntsman says a spin allows the company to have a process it can control, also noting that shareholders should benefit.
- HUN’s biggest financial drag has been its titanium dioxide plants, and is in the process of closing a plant in South Africa, but the CEO says since the titanium dioxide business is coming back to a small profit with growth potential, the business is ready to stand on its own and stop harming the value of HUN’s stock.
- HUN fell 3.1% in today's trade after reporting in-line Q2 earnings on 7% lower revenue Y/Y.
Wed, Jul. 27, 6:00 AM
Tue, Jul. 26, 5:30 PM
- ANGI, ANTM, ARMH, AUO, AVX, BA, BAH, BOKF, CFR, CG, CMCSA, CRCM, CRI, DCIX, DHX, DPS, DX, DXYN, ENTG, ETM, EVR, FCAU, FCF, FDML, FLIR, FSV, GCI, GD, GIB, GIL, GLW, GRMN, GT, HES, HLT, HUN, I, IMS, IR, KO, LH, LL, LVLT, MDCO, MDLZ, MHO, MMYT, MO, NDAQ, NEE, NOC, NSC, NYCB, OC, PB, POL, Q, R, RES, ROK, ROL, RTIX, SALT, SEIC, SIX, SLAB, SLGN, SNAK, SO, SONS, SPG, STM, STRA, STT, SUP, SVU, TMUS, TPH, TYPE, UCBI, UFS, UMC, VLY, WCIC, WEC, WEX, WIX, WM, WOOF, WYN
Wed, Jul. 6, 9:19 AM
- Huntsman (NYSE:HUN) says it plans to close its 25K metric ton South African titanium dioxide manufacturing facility during Q4, citing margins that remain well below historical norms.
- HUN says closing the facility will have a cash payback of less than two years, and cost savings are in addition to ~$200M previously announced.
- HUN says the closure increases the competitive positioning of its Pigments and Additives business as it prepares to separate the business through a spinoff to its shareholders or other strategic transaction.
Mon, May 9, 4:42 PM
- Huntsman Corporation (NYSE:HUN) declares $0.125/share quarterly dividend, in line with previous.
- Forward yield 3.58%
- Payable June 30; for shareholders of record June 15; ex-div June 13.
Thu, Apr. 28, 6:05 AM
- Huntsman (NYSE:HUN): Q1 EPS of $0.37 beats by $0.10.
- Revenue of $2.36B (-8.9% Y/Y) misses by $20M.
Wed, Apr. 27, 5:30 PM
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Thu, Feb. 11, 12:46 PM
- Huntsman (HUN +1.2%) reverses early losses of as much as 8% after saying during its earnings conference call that it plans to spin off its TiO2 unit when market conditions permit; analysts say the unit could fetch $2B-$2.5B.
- "We should be very close to being able to spin that by the end of the year,” CEO Peter Huntsman said, adding that a titanium dioxide merger or joint venture is possible with the right partner.
- HUN reported better than expected Q4 earnings but below consensus revenues, and says it expects continued EBITDA pressure on its cyclical businesses as a result of lower priced oil and weaker global economic growth.
- But HUN projects free cash generation to improve by $350M in 2016 because of cost reductions and fewer restructuring expenses.
- HUN plans to spend ~$450M annually on capex in 2016 and 2017 after spending $663M on capex in 2015.