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Huntsman Announces Strong and Consistent Growth in Second Quarter 2018 Earnings

01/08/2018

Second Quarter 2018 Highlights

• Net income was $623 million compared to $183 million in the prior year period and $350 million in the prior quarter.

• Adjusted EBITDA was $415 million compared to $299 million in the prior year period and $405 million in the prior quarter.

• Diluted income per share was $1.71 compared to $0.69 in the prior year period and $1.11 in the prior quarter.

• Adjusted diluted income per share was $1.01 compared to $0.59 in the prior year period and $0.96 in the prior quarter.

• Net cash provided by operating activities was $228 million. Free cash flow generation was $174 million.

• Balance sheet remains strong with a net leverage of 1.4x.

• Completed cumulative share repurchases of approximately $138 million through end of second quarter 2018.

 

Source: www.ir.huntsman.com (2018)

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