We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Huntsman's (HUN) Earnings and Revenues Top Estimates in Q4
Read MoreHide Full Article
Huntsman Corporation (HUN - Free Report) recorded profits of $607 million or $2.73 per share in the fourth quarter of 2021, rising from $360 million or $1.54 in the year-ago quarter.
Barring one-time items, adjusted earnings per share rose to 95 cents in the reported quarter from 51 cents in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of 88 cents.
Revenues were $2,307 million, up 38.3% year over year from $1,668 million. The top line surpassed the Zacks Consensus Estimate of $2,231.7 million. Huntsman witnessed higher sales across all segments in the reported quarter and reaped the benefits of economic recovery, higher average selling prices and synergies arising from acquisitions.
Huntsman Corporation Price, Consensus and EPS Surprise
Polyurethanes: Revenues from the segment rose 35.2% year over year to $1,393 million in the reported quarter due to higher MDI (methylene diphenyl diisocyanate) average selling prices in all the regions. An increase in sales volumes, primarily due to growth in the Americas region and across multiple markets also positively impacted revenues.
Performance Products: Revenues surged 54.7% to $410 million due to higher average selling prices led by strong demand on market recovery and higher raw-material costs. Volumes rose due to stronger demand.
Advanced Materials: Revenues from the unit jumped 53% to $317 million on higher average selling prices, increased volumes, the benefits of Gabriel acquisition and the recent divestiture of the India-based DIY business. Sales volumes increased across all markets on the back of a global market recovery. Average selling prices increased in response to higher raw-material costs.
Textile Effects: Revenues from the division rose 12.7% to $195 million. The increase can be attributed to higher average selling prices led by increases in raw material and logistics costs.
FY21 Results
Earnings (as reported) for full-year 2021 were $3.54 per share compared with 98 cents a year ago. Net sales increased 40.5% year over year to roughly $8,453 million.
Financials
Huntsman had total cash of $1,041 million at the end of the quarter, falling 34.7% year over year. The free cash flow used in continuing operations was $698 million in the quarter, rising from $88 million a year ago. The long-term debt was $1,538 million, rising modestly from $1,528 million a year ago.
Outlook
The company expects growth in earnings, higher adjusted EBITDA margins and improved free cash flow and cost optimization in 2022. In the second quarter of 2022, the company expects to complete the Geismar MDI splitter project that will expand the differentiated Polyurethanes business in the Americas.
Price Performance
Shares of Huntsman have increased 38.6% in the past year compared with an 8.4% rise of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Huntsman currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Albemarle Corporation (ALB - Free Report) , Nutrien Ltd. (NTR - Free Report) and AdvanSix Inc. (ASIX - Free Report) .
Albemarle, currently sporting a Zacks Rank #1 (Strong Buy), has an expected earnings growth rate of 56.2% for the current year. The Zacks Consensus Estimate for ALB's earnings for the current year has been revised 8.9% upward in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB has rallied around 53.2% over a year.
Nutrien, sporting a Zacks Rank #1, has a projected earnings growth rate of 55.8% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 13.2% upward in the past 60 days.
Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 33.2% in a year.
AdvanSix has a projected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has surged 51.6% over a year. The company carries a Zacks Rank #2 (Buy).
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Huntsman's (HUN) Earnings and Revenues Top Estimates in Q4
Huntsman Corporation (HUN - Free Report) recorded profits of $607 million or $2.73 per share in the fourth quarter of 2021, rising from $360 million or $1.54 in the year-ago quarter.
Barring one-time items, adjusted earnings per share rose to 95 cents in the reported quarter from 51 cents in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of 88 cents.
Revenues were $2,307 million, up 38.3% year over year from $1,668 million. The top line surpassed the Zacks Consensus Estimate of $2,231.7 million. Huntsman witnessed higher sales across all segments in the reported quarter and reaped the benefits of economic recovery, higher average selling prices and synergies arising from acquisitions.
Huntsman Corporation Price, Consensus and EPS Surprise
Huntsman Corporation price-consensus-eps-surprise-chart | Huntsman Corporation Quote
Segment Highlights
Polyurethanes: Revenues from the segment rose 35.2% year over year to $1,393 million in the reported quarter due to higher MDI (methylene diphenyl diisocyanate) average selling prices in all the regions. An increase in sales volumes, primarily due to growth in the Americas region and across multiple markets also positively impacted revenues.
Performance Products: Revenues surged 54.7% to $410 million due to higher average selling prices led by strong demand on market recovery and higher raw-material costs. Volumes rose due to stronger demand.
Advanced Materials: Revenues from the unit jumped 53% to $317 million on higher average selling prices, increased volumes, the benefits of Gabriel acquisition and the recent divestiture of the India-based DIY business. Sales volumes increased across all markets on the back of a global market recovery. Average selling prices increased in response to higher raw-material costs.
Textile Effects: Revenues from the division rose 12.7% to $195 million. The increase can be attributed to higher average selling prices led by increases in raw material and logistics costs.
FY21 Results
Earnings (as reported) for full-year 2021 were $3.54 per share compared with 98 cents a year ago. Net sales increased 40.5% year over year to roughly $8,453 million.
Financials
Huntsman had total cash of $1,041 million at the end of the quarter, falling 34.7% year over year. The free cash flow used in continuing operations was $698 million in the quarter, rising from $88 million a year ago. The long-term debt was $1,538 million, rising modestly from $1,528 million a year ago.
Outlook
The company expects growth in earnings, higher adjusted EBITDA margins and improved free cash flow and cost optimization in 2022. In the second quarter of 2022, the company expects to complete the Geismar MDI splitter project that will expand the differentiated Polyurethanes business in the Americas.
Price Performance
Shares of Huntsman have increased 38.6% in the past year compared with an 8.4% rise of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Huntsman currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Albemarle Corporation (ALB - Free Report) , Nutrien Ltd. (NTR - Free Report) and AdvanSix Inc. (ASIX - Free Report) .
Albemarle, currently sporting a Zacks Rank #1 (Strong Buy), has an expected earnings growth rate of 56.2% for the current year. The Zacks Consensus Estimate for ALB's earnings for the current year has been revised 8.9% upward in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB has rallied around 53.2% over a year.
Nutrien, sporting a Zacks Rank #1, has a projected earnings growth rate of 55.8% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 13.2% upward in the past 60 days.
Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 33.2% in a year.
AdvanSix has a projected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has surged 51.6% over a year. The company carries a Zacks Rank #2 (Buy).