Announcement • Apr 02
Huntsman Corporation to Report Q1, 2026 Results on Apr 30, 2026 Huntsman Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2026 Announcement • Jan 08
Huntsman Corporation to Report Q4, 2025 Results on Feb 17, 2026 Huntsman Corporation announced that they will report Q4, 2025 results After-Market on Feb 17, 2026 Announcement • Dec 31
Huntsman Corporation Announces Executive Changes, Effective January 5, 2026 Huntsman Corporation announced that Amy Smedley has joined the company as Executive Vice President, General Counsel & Secretary effective January 5, 2026. Ms. Smedley will succeed Huntsman's current General Counsel, David Stryker, who is retiring. Ms. Smedley has extensive experience in litigation, compliance, and corporate governance. Most recently, she has served as Executive Vice President and Chief Legal Officer at Savage Companies since 2022. Prior to joining Savage Companies, Ms. Smedley spent 16 years at Huntsman, where she built a successful career as an essential member of the Legal team. With Huntsman, she advanced through key legal leadership roles, ultimately serving as Vice President and Deputy General Counsel. In that time, her tenure included leading high-profile cases, notably the successful Albemarle litigation, along with other critical legal matters. Ms. Smedley previously clerked for the Honorable William T. Thurman, United States Bankruptcy Judge, and practiced at Snell & Wilmer L.L.P. in Salt Lake City, Utah. Announcement • Nov 07
Huntsman Corporation Announces Fourth Quarter 2025 Common Dividend, Payable on December 31, 2025 Huntsman Corporation announced that its Board of Directors has declared a $0.0875 per share cash dividend on its common stock. The dividend is payable on December 31, 2025, to stockholders of record as of December 15, 2025. Announcement • Oct 04
Huntsman Corporation to Report Q3, 2025 Results on Nov 06, 2025 Huntsman Corporation announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Announcement • Sep 27
Huntsman Announces Executive Changes Huntsman Corporation announced that Julia Wright, named as the successor to David Stryker as Executive Vice President, General Counsel and Secretary on September 4, 2025, has withdrawn from the position for personal reasons. Ms. Wright had been scheduled to start with the Company on October 13, 2025. David Stryker will continue to serve as the Company's Executive Vice President, General Counsel and Secretary while the search for his successor is underway. Announcement • Sep 05
Huntsman Corporation Announces Executive Changes Huntsman Corporation announced that Julia Wright will join Huntsman as Executive Vice President, General Counsel and Secretary effective on October 13, 2025. Ms. Wright will succeed Huntsman's current General Counsel, David Stryker, who has announced his retirement effective at the end of the year. Mr. Stryker will move into the Chairman's Office to serve as Executive Vice President, Strategic Initiatives, pending his retirement. Ms. Wright has over 15 years of senior executive experience, most recently at ChampionX Corporation, a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies. Ms. Wright served as Senior Vice President, General Counsel and Secretary at ChampionX, where she was responsible for the legal organization, including corporate governance, compliance, trade compliance, litigation, M&A, employment, commercial, intellectual property, shareholder engagement, and SEC filings until ChampionX was acquired by SLB (formerly Schlumberger) on July 16, 2025. Ms. Wright joined ChampionX in 2018 and previously served as Vice President and General Counsel at Nabors Industries. Ltd., a leading provider of advanced technologies to the energy industry. Ms. Wright started her career at Vinson and Elkins in Dallas, Texas, and also worked at Baker McKenzie. Mr. Stryker will support Ms. Wright in the transition of the legal department and focus on strategic initiatives and opportunities at the corporate level. Mr. Stryker has served as the Company's General Counsel since June 2013. Announcement • Aug 01
Huntsman Corporation Announces Third Quarter 2025 Common Dividend, Payable on September 30, 2025 Huntsman Corporation announced that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on September 30, 2025, to stockholders of record as of September 15, 2025. Announcement • Jul 04
Huntsman Corporation to Report Q2, 2025 Results on Jul 31, 2025 Huntsman Corporation announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Announcement • May 22
Huntsman Corporation Expands Global Business Services Center in Kraków, Embraces Future-Ready Workforce Huntsman Corporation announced the successful relocation of its Global Business Services (GBS) center in Kraków to a spacious, future ready office designed to support the ongoing growth of its GBS operation. Offering room for growth, enhanced functionality, and ample team workspaces, this environment fully supports workplace flexibility and reflects the company's dedication to fostering a connected, engaging, and prepared workforce. The new office is centrally located in the High5ive office complex next to the train station and in proximity to other public transportation, fitness, and shopping facilities. Announcement • Apr 08
Huntsman Corporation to Report Q1, 2025 Results on May 01, 2025 Huntsman Corporation announced that they will report Q1, 2025 results After-Market on May 01, 2025 Announcement • Feb 20
Huntsman Corporation announces Quarterly dividend, payable on March 31, 2025 Huntsman Corporation announced Quarterly dividend of USD 0.2500 per share payable on March 31, 2025, ex-date on March 14, 2025 and record date on March 14, 2025. Announcement • Feb 19
Huntsman Corporation, Annual General Meeting, Apr 30, 2025 Huntsman Corporation, Annual General Meeting, Apr 30, 2025. Announcement • Jan 15
Huntsman Corporation to Report Q4, 2024 Results on Feb 17, 2025 Huntsman Corporation announced that they will report Q4, 2024 results After-Market on Feb 17, 2025 New Risk • Nov 11
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €403k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 288% Minor Risk Significant insider selling over the past 3 months (€403k sold). Recent Insider Transactions • Nov 11
Independent Director recently sold €403k worth of stock On the 6th of November, Mary Beckerle sold around 20k shares on-market at roughly €19.96 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €357k more than they bought in the last 12 months. Declared Dividend • Nov 11
Third quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 5.0%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (288% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Announcement • Nov 06
Huntsman Corporation Announces Fourth Quarter 2024 Common Dividend, Payable on December 31, 2024 Huntsman Corporation announced that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on December 31, 2024, to stockholders of record as of December 13, 2024. Reported Earnings • Nov 05
Third quarter 2024 earnings released Third quarter 2024 results: US$0.12 loss per share. Revenue: US$1.54b (up 2.3% from 3Q 2023). Net loss: US$21.0m (flat on 3Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Oct 03
Huntsman Corporation to Report Q3, 2024 Results on Nov 04, 2024 Huntsman Corporation announced that they will report Q3, 2024 results on Nov 04, 2024 Upcoming Dividend • Sep 06
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 September 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.2%). Buy Or Sell Opportunity • Aug 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to €18.40. The fair value is estimated to be €23.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to decline by 41% in the next 2 years. Declared Dividend • Aug 07
Second quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 4.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (204% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$0.087 (vs US$0.12 in 2Q 2023) Second quarter 2024 results: EPS: US$0.087 (down from US$0.12 in 2Q 2023). Revenue: US$1.57b (down 1.4% from 2Q 2023). Net income: US$15.0m (down 29% from 2Q 2023). Profit margin: 1.0% (down from 1.3% in 2Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
Huntsman Corporation Announces Third Quarter 2024 Common Dividend, Payable on September 30, 2024 Huntsman Corporation announced that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on September 30, 2024, to stockholders of record as of September 13, 2024. Announcement • Aug 01
Huntsman Corporation Appoints Jan Buberl as President of the Performance Products Division Huntsman Corporation announced that Jan Buberl has been appointed President of the Performance Products Division effective August 1, 2024. For the last five years, Jan has served as Vice President of Huntsman Polyurethanes, Americas, and as a director of its Chinese PO/MTBE joint venture with Sinopec. He previously worked at Venator (formerly Huntsman Pigments) and spent sixteen years with BASF in various global roles, including leading the development of BASF's North America corporate strategy. Jan earned his master's degree in international marketing from the University of Ludwigshafen, Germany in 2000 and an MBA from the University of North Carolina at Greensboro in 2001. Announcement • Jul 11
Huntsman Corporation to Report Q2, 2024 Results on Aug 05, 2024 Huntsman Corporation announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.1%). Declared Dividend • May 13
First quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 4.0%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (234% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Announcement • May 10
Huntsman Corporation Announces Second Quarter 2024 Common Dividend, Payable on June 28, 2024 Huntsman Corporation announced that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on June 28, 2024, to stockholders of record as of June 14, 2024. New Risk • May 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 247% Reported Earnings • May 03
First quarter 2024 earnings released: US$0.17 loss per share (vs US$0.17 profit in 1Q 2023) First quarter 2024 results: US$0.17 loss per share (down from US$0.17 profit in 1Q 2023). Revenue: US$1.47b (down 8.5% from 1Q 2023). Net loss: US$30.0m (down 197% from profit in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 02
Huntsman Corporation to Report Q1, 2024 Results on May 02, 2024 Huntsman Corporation announced that they will report Q1, 2024 results After-Market on May 02, 2024 Upcoming Dividend • Mar 07
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.9%). Announcement • Feb 22
Huntsman Corporation, Annual General Meeting, May 02, 2024 Huntsman Corporation, Annual General Meeting, May 02, 2024, at 09:00 Central Standard Time. Reported Earnings • Feb 22
Full year 2023 earnings released: US$0.096 loss per share (vs US$2.23 profit in FY 2022) Full year 2023 results: US$0.096 loss per share (down from US$2.23 profit in FY 2022). Revenue: US$6.11b (down 24% from FY 2022). Net loss: US$17.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jan 20
Huntsman Corporation to Report Q4, 2023 Results on Feb 21, 2024 Huntsman Corporation announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.24 per share at 3.8% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.0%). Announcement • Nov 03
Huntsman Corporation Declares Cash Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023 Huntsman Corporation announced that its board of directors has declared a $0.2375 per share cash dividend on its common stock. The dividend is payable on December 29, 2023, to stockholders of record as of December 15, 2023. Reported Earnings • Nov 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$1.51b (down 25% from 3Q 2022). Net income: US$0 (down US$101.0m from profit in 3Q 2022). Profit margin: 0% (down from 5.0% in 3Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Oct 05
Huntsman Corporation to Report Q3, 2023 Results on Oct 31, 2023 Huntsman Corporation announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 31, 2023 Announcement • Sep 26
Huntsman Corporation Launches Technology Portal to Foster Innovation & Manufacturing-Driven Collaborations Huntsman Corporation launched its Technology Portal, a platform dedicated to engaging with innovators and manufacturers across the value chain. The cross-divisional initiative aims to facilitate and foster external collaborations, connecting minds and expertise from diverse sectors with Huntsman to unlock potential business opportunities. Reflecting the company's commitment to deep collaborations, Huntsman Technology Portal offers two distinct cooperation routes for: Innovation-driven Solutions: streamlined interface for innovators and entrepreneurs to share innovation challenges, problems to solve, and collaboration opportunities with Huntsman. Manufacturing Solutions: contact hub for chemical manufacturers to explore tailored scale-up, industrialization, custom manufacturing, and other manufacturing solutions for their unique requirements. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.24 per share at 3.6% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%). New Risk • Aug 01
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 99% Dividend yield: 3.3% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$0.12 (vs US$0.97 in 2Q 2022) Second quarter 2023 results: EPS: US$0.12 (down from US$0.97 in 2Q 2022). Revenue: US$1.60b (down 19% from 2Q 2022). Net income: US$21.0m (down 89% from 2Q 2022). Profit margin: 1.3% (down from 10.0% in 2Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year. Announcement • Jul 12
Huntsman Corporation to Report Q2, 2023 Results on Jul 31, 2023 Huntsman Corporation announced that they will report Q2, 2023 results After-Market on Jul 31, 2023 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.24 per share at 3.6% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%). Recent Insider Transactions • Jun 06
Executive VP recently bought €57k worth of stock On the 2nd of June, David Stryker bought around 3k shares on-market at roughly €22.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €787k more in shares than they have sold in the last 12 months. Buying Opportunity • Jun 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €28.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 1.8% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. Reported Earnings • May 07
First quarter 2023 earnings released: EPS: US$0.17 (vs US$0.96 in 1Q 2022) First quarter 2023 results: EPS: US$0.17 (down from US$0.96 in 1Q 2022). Revenue: US$1.61b (down 27% from 1Q 2022). Net income: US$31.0m (down 85% from 1Q 2022). Profit margin: 1.9% (down from 9.4% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €30.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Buying Opportunity • Mar 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 4.4%. The fair value is estimated to be €33.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.24 per share at 2.9% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.2%). Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$2.23 (vs US$4.77 in FY 2021) Full year 2022 results: EPS: US$2.23 (down from US$4.77 in FY 2021). Revenue: US$8.02b (down 5.1% from FY 2021). Net income: US$448.0m (down 57% from FY 2021). Profit margin: 5.6% (down from 12% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jan 06
Huntsman Corporation to Report Q4, 2022 Results on Feb 21, 2023 Huntsman Corporation announced that they will report Q4, 2022 results at 6:00 AM, US Eastern Standard Time on Feb 21, 2023 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.5%). Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Curt Espeland was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Huntsman Corporation Announces Common Dividend for Fourth Quarter 2022, Payable on December 30, 2022 Huntsman Corporation announced that its board of directors has declared a $0.2125 per share cash dividend on its common stock. The dividend is payable on December 30, 2022, to stockholders of record as of December 15, 2022. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: US$0.51 (vs US$0.97 in 3Q 2021) Third quarter 2022 results: EPS: US$0.51 (down from US$0.97 in 3Q 2021). Revenue: US$2.01b (down 12% from 3Q 2021). Net income: US$101.0m (down 53% from 3Q 2021). Profit margin: 5.0% (down from 9.4% in 3Q 2021). Revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 05
Huntsman Corporation to Report Q3, 2022 Results on Nov 04, 2022 Huntsman Corporation announced that they will report Q3, 2022 results at 6:00 AM, US Eastern Standard Time on Nov 04, 2022 Upcoming Dividend • Sep 07
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.9%). Recent Insider Transactions • Aug 16
Independent Director recently bought €438k worth of stock On the 11th of August, Curtis Espeland bought around 15k shares on-market at roughly €29.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €730k more in shares than they have sold in the last 12 months. Announcement • Aug 11
Archroma agreed to acquire Textile Effects division from Huntsman Corporation (NYSE:HUN) for approximately $720 million. Archroma U.S., Inc. agreed to acquire Textile Effects division from Huntsman Corporation (NYSE:HUN) for approximately $720 million on August 9, 2022. The total enterprise value of the transaction is approximately $718 million, which includes the assumption of approximately $125 million in net underfunded pension liabilities as of December 31, 2021. The acquisition is being partially funded with preferred equity, of which Huntsman is taking up to $80 million, an amount SK Capital Partners will seek to syndicate prior to the transaction closing. Huntsman intends to report Textile Effects as discontinued operations beginning in the third quarter of 2022. Over the last twelve months ending June 30, 2022, the Textile Effects division reported sales of $772 million and adjusted EBITDA of $94 million. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the first half of 2023. The proceeds from the sale will be deployed in-line with Huntsman's current balanced capital allocation program which includes strategic investments and acquisitions. BofA Securities is serving as Huntsman's financial advisor and Kirkland & Ellis LLP is acting as its legal advisor. Announcement • Aug 05
Huntsman Corporation Declares Dividend, Payable on September 30, 2022 Huntsman Corporation announced that its board of directors has declared a $0.2125 per share cash dividend on its common stock. The dividend is payable on September 30, 2022, to stockholders of record as of September 15, 2022. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: US$1.11 (vs US$0.70 in 2Q 2021) Second quarter 2022 results: EPS: US$1.11 (up from US$0.70 in 2Q 2021). Revenue: US$2.36b (up 17% from 2Q 2021). Net income: US$228.0m (up 47% from 2Q 2021). Profit margin: 9.7% (up from 7.7% in 2Q 2021). Over the next year, revenue is expected to shrink by 1.4% compared to a 6.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Huntsman Reportedly in Discussions to Sell Textiles Business to SK Capital Huntsman Corporation (NYSE:HUN) is in advanced talks to sell its textiles unit to private equity firm SK Capital Partners, according to people with knowledge of the matter. The groups are discussing a deal that would value the business at less than $1 billion, said the people, who asked not to be identified because they weren’t authorized to speak publicly. A final decision hasn’t been made and Huntsman could elect to keep the unit, the people said. SK Capital could potentially combine the unit with Archroma, the business it built when it bought textile chemicals, paper specialties and emulsions assets from Swiss company Clariant AG in 2013. A representative for Huntsman declined to comment. A spokesperson for SK Capital didn’t respond to requests for comment. Announcement • Jun 22
Huntsman Corporation to Report Q2, 2022 Results on Aug 02, 2022 Huntsman Corporation announced that they will report Q2, 2022 results at 6:00 AM, US Eastern Standard Time on Aug 02, 2022 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €26.80, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 72% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.8%). Announcement • May 06
Huntsman Corporation Announces Common Dividend for Second Quarter of 2022, Payable on June 30, 2022 Huntsman Corporation announced that its board of directors has declared a $0.2125 per share cash dividend on its common stock. The dividend is payable on June 30, 2022, to stockholders of record as of June 15, 2022. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.37 in 1Q 2021) First quarter 2022 results: EPS: US$1.04 (up from US$0.37 in 1Q 2021). Revenue: US$2.39b (up 30% from 1Q 2021). Net income: US$222.0m (up 171% from 1Q 2021). Profit margin: 9.3% (up from 4.5% in 1Q 2021). Over the next year, revenue is forecast to grow 4.6%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Curt Espeland was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Huntsman Corporation to Report Q1, 2022 Results on Apr 28, 2022 Huntsman Corporation announced that they will report Q1, 2022 results at 6:00 AM, US Eastern Standard Time on Apr 28, 2022 Announcement • Apr 01
Huntsman Corporation Elects James L. Gallogly, Sandra Beach Lin as Nominees of Starboard Value LP Huntsman Corporation announced that at its Annual Meeting of Stockholders held on March 25, 2022, elected directors James L. Gallogly, Sandra Beach Lin as Nominees of Starboard Value LP. Board Change • Mar 29
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Curt Espeland was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 11
Starboard Value LP Issues a supplemental presentation On March 8, 2022, Starboard Value LP issued a supplemental presentation responding to various false and misleading statements and mischaracterizations made by Huntsman Corporation in its recent investor presentation 1) Huntsman’s history of promises and commitments to shareholders; 2) Huntsman’s capital allocation; 3) Huntsman’s history of governance and compensation practices; 4) Huntsman’s history of financial performance; 5) Huntsman’s history of share price performance; and 6) Starboard and its slate of qualified, diverse and experienced director nominees. Announcement • Mar 10
Starboard Value LP Issued an Open letter to the Shareholders of Huntsman Corporation On March 7, 2022, Starboard Value LP’s director candidate James Gallogly delivered a letter to David Stryker, the Company’s Executive Vice President and General Counsel, highlighting various false and misleading statements with respect to Gallogly’s background and experience that were published by the Company in recent communications and filings. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (4.6%). Announcement • Feb 18
Starboard Value Sends a letter to Huntsman Corporation On February 17, 2022, Starboard Value LP announced that it has delivered a letter to Huntsman Corporation in connection with the Company’s repeated questions and requests for information regarding Starboard Value and its nominees’ delivery of Starboard Value’s nomination notice to the Company. Starboard Value added that it has uploaded materials to www.shareholdersforhuntsman.com in connection with the Company’s annual shareholders meeting. Reported Earnings • Feb 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$4.77 (up from US$1.17 in FY 2020). Revenue: US$8.45b (up 41% from FY 2020). Net income: US$1.05b (up 304% from FY 2020). Profit margin: 12% (up from 4.3% in FY 2020). Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 5.4%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Huntsman Corporation Declares Common Dividend for the First Quarter of 2022, Payable on March 31, 2022 Huntsman Corporation announced that its board of directors declared a $0.2125 per share cash dividend on its common stock. This represents a 13% increase from the previous dividend. The dividend is payable on March 31, 2022, to stockholders of record as of March 15, 2022. Announcement • Feb 11
Starboard Value Delivers an Open Letter to Shareholders of Huntsman Corporation On February 10, 2022, Starboard Value LP announced that it has delivered an open letter to Huntsman Corporation stockholders and has filed definitive proxy materials with the Securities and Exchange Commission in connection with Starboard Value’s nomination of a slate of 4 director nominees for election to the Company’s Board of Directors at the Company’s upcoming 2022 annual meeting of stockholders. Starboard Value expressed its views that new independent Board members required to increase accountability, demand improved performance and help maximize stockholder value. Starboard Value stated that it urges all stockholders to vote for its slate of nominees on its proxy card. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.8%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.98 (vs US$0.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.29b (up 51% from 3Q 2020). Net income: US$214.0m (up 346% from 3Q 2020). Profit margin: 9.4% (up from 3.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Sep 29
Starboard Value Engages in Discussions with Huntsman Corporation On September 28, 2021, Starboard Value announced that it has acquired an 8.4% stake in Huntsman Corp. saying that it bought the shares as they were undervalued. Starboard Value stated that the Company said it engages with its shareholders on an ongoing basis, and that it was looking forward to a constructive dialogue with Starboard Value. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.5%). Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS US$0.70 (vs US$0.30 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.02b (up 62% from 2Q 2020). Net income: US$155.0m (up US$222.0m from 2Q 2020). Profit margin: 7.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Executive Departure • Jul 04
Executive VP & CFO Sean Douglas has left the company During their tenure, earnings grew by 5.7% annually compared to the industry average, which went down by 5.3%. On the 1st of July, Sean Douglas left the company after 4.5 in the role. As of March 2021, Sean still personally held 198.61k shares (€4.9m worth at the time). Sean is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.08 years. Executive Departure • Jul 04
Executive VP & CFO Sean Douglas has left the company During their tenure, earnings grew by 5.7% annually compared to the industry average, which went down by 5.3%. On the 1st of July, Sean Douglas left the company after 4.5 in the role. As of March 2021, Sean still personally held 198.61k shares (€4.9m worth at the time). Sean is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.08 years. Executive Departure • Jul 04
Executive VP & CFO Sean Douglas has left the company During their tenure, earnings grew by 5.7% annually compared to the industry average, which went down by 5.3%. On the 1st of July, Sean Douglas left the company after 4.5 in the role. As of March 2021, Sean still personally held 198.61k shares (€4.9m worth at the time). Sean is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.08 years. Executive Departure • Jul 04
Executive VP & CFO Sean Douglas has left the company During their tenure, earnings grew by 5.7% annually compared to the industry average, which went down by 5.3%. On the 1st of July, Sean Douglas left the company after 4.5 in the role. As of March 2021, Sean still personally held 198.61k shares (€4.9m worth at the time). Sean is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.08 years. Executive Departure • Jul 04
Executive VP & CFO Sean Douglas has left the company During their tenure, earnings grew by 5.7% annually compared to the industry average, which went down by 5.3%. On the 1st of July, Sean Douglas left the company after 4.5 in the role. As of March 2021, Sean still personally held 198.61k shares (€4.9m worth at the time). Sean is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.08 years.