THE WOODLANDS, Texas,
Jan. 25, 2018 /PRNewswire/
-- Huntsman Corporation (NYSE: HUN) is raising fourth quarter
2017 expectations due to its global MDI Urethanes business showing
stronger than expected demand and margins in the fourth quarter
despite typical seasonality. The robust strength in MDI
Urethanes was somewhat offset by a weaker than expected quarter in
its Performance Products division partially due to unplanned
outages and weather related issues in the Gulf Coast region, which
have since been fully resolved. Performance Products EBITDA
is now expected to be down versus the prior year pro forma EBITDA
of $61 million, adjusted for the sale
of its European surfactants business. For the fourth quarter
2017 Huntsman Corporation expects to report total adjusted EBITDA
modestly above the third quarter 2017 adjusted EBITDA of
$340 million.
Huntsman will hold a conference call to discuss its fourth
quarter 2017 financial results on Friday,
February 23, 2018 at 10:00 a.m.
ET. Fourth quarter 2017 results will be released to
the public at approximately 6:00 a.m.
ET that day via PR Newswire.
Call-in numbers for
the conference call:
|
U.S.
participants
|
(888) 680 –
0890
|
International
participants
|
(617) 213 -
4857
|
Passcode
|
299 322
06#
|
In order to facilitate the registration process, you may use the
following link to pre-register for the conference call. Callers who
pre-register will be given a unique PIN to gain immediate access to
the call and bypass the live operator. You may pre-register at any
time, including up to and after the call start time. To
pre-register, please go to:
https://www.theconferencingservice.com/prereg/key.process?key=PX4DVDQR7
Webcast Information
The conference call will be available via webcast and can be
accessed from the company's website at ir.huntsman.com.
Replay Information
The conference call will be available for replay beginning
February 23, 2018 and ending
March 2, 2018.
Call-in numbers for
the replay:
|
U.S.
participants
|
(888) 286 -
8010
|
International
participants
|
(617) 801 -
6888
|
Replay
code
|
29385180
|
About Huntsman:
Huntsman Corporation is a publicly
traded global manufacturer and marketer of differentiated and
specialty chemicals with 2016 revenues of approximately
$7 billion. Our chemical
products number in the thousands and are sold worldwide to
manufacturers serving a broad and diverse range of consumer and
industrial end markets. We operate more than 75 manufacturing,
R&D and operations facilities in over 30 countries and employ
approximately 10,000 associates within our four distinct business
divisions. For more information about Huntsman, please visit the
company's website at www.huntsman.com.
Social Media:
Twitter:
www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn:
www.linkedin.com/company/huntsman
Forward-Looking Statements:
Statements in this
release that are not historical are forward-looking statements.
These statements are based on management's current beliefs and
expectations. The forward-looking statements in this release are
subject to uncertainty and changes in circumstances and involve
risks and uncertainties that may affect the company's operations,
markets, products, services, prices and other factors as discussed
in the Huntsman companies' filings with the U.S. Securities and
Exchange Commission. Significant risks and uncertainties may relate
to, but are not limited to, volatile global economic conditions,
cyclical and volatile product markets, disruptions in production at
manufacturing facilities, reorganization or restructuring of
Huntsman's operations, the ability to implement cost reductions and
manufacturing optimization improvements in Huntsman businesses, and
other financial, economic, competitive, environmental, political,
legal, regulatory and technological factors. The company assumes no
obligation to provide revisions to any forward-looking statements
should circumstances change, except as otherwise required by
applicable laws.
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SOURCE Huntsman Corporation