Adhesives & Sealants Headlines

Huntsman Revenues Increase 28%

May 12, 2011
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Huntsman recently reported 2011 first quarter revenues of $2,679 million, an increase of 28% compared to $2,094 million for the same period in 2010 and an increase of 11% compared to $2,412 million for the fourth quarter of 2010.

Adjusted net income for the first quarter of 2011 was $114 million, compared to adjusted net loss of $16 million for the same period in 2010 and adjusted net income of $58 million for the fourth quarter 2010. Net income attributable to Huntsman Corp. for the first quarter of 2011 was $62 million, vs. a net loss of $172 million for the same period in 2010.

“I am pleased with the strong earnings of our business in the first quarter; underlying demand for our largest businesses continues to improve with the global economic recovery,” said Peter R. Huntsman, president and CEO. “We are raising prices and recapturing margin despite the headwind of increased raw material and energy costs.”

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