Huntsman Corporation Reports Positive Results for Second Quarter of Fiscal Year 2023
August 8, 2023
☀️Earnings Overview
HUNTSMAN CORPORATION ($NYSE:HUN) reported their results for the second quarter of fiscal year 2023, ending June 30 2023. The total revenue for the quarter was USD 1596.0 million, a drop of 32.4% compared to the same quarter in the previous year. Their net income for the quarter was USD 19.0 million, a decrease of 91.7% from the same quarter in the prior year.
Price History
The company’s stock opened the day at $29.7 and closed at $29.8, representing a gain of 0.1% over its previous closing price of $29.7. The company attributed the increase in sales to higher volumes in specialty chemicals and polyurethanes, as well as higher pricing in titanium dioxide. The company attributed the decrease in net debt to improved cash flow and cost reduction measures, as well as its successful divestment of non-strategic businesses. With strong sales and earnings growth, as well as reduced net debt, the company is well-positioned for continued success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Huntsman Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 6.47k | 181 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Huntsman Corporation. More…
| Operations | Investing | Financing |
| 675 | -279 | -849 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Huntsman Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.55k | 3.71k | 19.95 |
Key Ratios Snapshot
Some of the financial key ratios for Huntsman Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.5% | 14.2% | 4.1% |
| FCF Margin | ROE | ROA |
| 6.5% | 4.5% | 2.2% |
Analysis
At GoodWhale, we have analyzed HUNTSMAN CORPORATION‘s financials and fundamentals. Our Star Chart shows that HUNTSMAN CORPORATION has a strong dividend performance, while being medium in asset, profitability and growth. Moreover, GoodWhale’s Health Score for HUNTSMAN CORPORATION is 9/10, signifying that it is capable to pay off debts and fund future operations. Furthermore, based on our analysis, we have classified HUNTSMAN CORPORATION as a ‘cow’, which is a type of company that has a track record of paying out consistent and sustainable dividends. Given this information, investors who are looking for a reliable company that offers consistent and sustainable dividends could be interested in investing in HUNTSMAN CORPORATION. More…
Peers
They operate in four segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. Huntsman Corp’s competitors include Univar Solutions Inc, Solvay SA, Braskem SA.
– Univar Solutions Inc ($NYSE:UNVR)
Univar Solutions Inc is a chemical and ingredient distributor with a market cap of 4.58B as of 2022. The company has a return on equity of 23.02%. Univar Solutions Inc distributes chemicals and ingredients to customers in a variety of industries including oil & gas, food & beverage, pharmaceuticals, personal care, and more. The company has a network of over 200 distribution facilities in North America, Europe, Asia Pacific, and Latin America.
– Solvay SA ($OTCPK:SLVYY)
Solvay SA is a Belgian chemical company with a market cap of 9.61B as of 2022. The company has a Return on Equity of 13.2%. Solvay SA produces a wide range of chemicals, plastics, and performance materials. The company’s products are used in a variety of industries, including automotive, aerospace, electronics, construction, and healthcare. Solvay SA has a strong market position and is well-positioned to continue growing its business.
– Braskem SA ($NYSE:BAK)
Braskem SA is one of the world’s largest petrochemical companies, with a market capitalization of over $5 billion. The company produces a wide range of chemicals and plastics, and has a strong presence in Brazil and other Latin American countries. Braskem’s return on equity is an impressive 65.49%, indicating that the company is generate significant profits for its shareholders. The company is well-positioned to continue its growth in the coming years.
Summary
Investors may consider Huntsman Corporation a risky investment due to its second quarter fiscal year 2023 results, which showed a decrease of 32.4% in total revenue compared to the same period in the previous year, and a 91.7% decrease in net income. However, due to the company’s long-term outlook, investors may still find value in its stock price given its potential future growth. It is important for potential investors to do their own research and analysis when considering an investment in Huntsman Corporation.
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