Huntsman beats by $0.08, misses on revs
Reports Q2 (Jun) earnings of $0.63 per share, $0.08 better than the Capital IQ Consensus Estimate of $0.55; revenues fell 8.3% year/year to $2.74 bln vs the $3.02 bln consensus.
- "Our Performance Products and Advanced Materials businesses continue to demonstrate remarkable earnings. Combined, these businesses represent approximately 50% of our adjusted EBITDA; they have EBITDA margins of approximately 20% and low earnings volatility. Their EBITDA grew approximately 20% compared to the prior year and we have growth projects in place for these businesses that are expected to deliver an additional $100 million over the next couple of years."