$HUN Huntsman +2% as strong product demand spar
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Posted On: 07/31/2018 10:41:03 AM
$HUN
Huntsman +2% as strong product demand sparks Q2 earnings beat
Huntsman (HUN +2.5%) moves higher in early trading after reporting better than expected Q2 earnings that more than tripled, as product demand strengthened across most of its business segments.
Q2 adjusted EBITDA was $415M compared to $405M in Q1 and $299M in the prior-year quarter, and revenue topped $2.4B from slightly more than $2B a year ago.
Higher average selling prices and higher sales volumes sparked a 30% rise in sales of polyurethanes to $1.3B, up from just over $1B in the same period last year, while revenues in the performance products business gained 6% to $593M from $561M in the prior year.
Huntsman +2% as strong product demand sparks Q2 earnings beat
Huntsman (HUN +2.5%) moves higher in early trading after reporting better than expected Q2 earnings that more than tripled, as product demand strengthened across most of its business segments.
Q2 adjusted EBITDA was $415M compared to $405M in Q1 and $299M in the prior-year quarter, and revenue topped $2.4B from slightly more than $2B a year ago.
Higher average selling prices and higher sales volumes sparked a 30% rise in sales of polyurethanes to $1.3B, up from just over $1B in the same period last year, while revenues in the performance products business gained 6% to $593M from $561M in the prior year.
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