Huntsman 2013 Revenue Flat
Huntsman Corp. recently reported its fourth quarter 2013 financial results. Revenues were $2,705 million and adjusted EBITDA was $313 million. Full-year revenue for 2013 was $11,079 million, compared to $11,187 for the same period last year. Net income attributable to Huntsman Corp. was $41 million, compared to a net loss of $40 million in the prior year.
“Our Adjusted EBITDA of $313 million was a fourth quarter record,” said Peter R. Huntsman, president and CEO. “With the notable exception of PO/MTBE, we saw broad improvements in earnings across our businesses in the fourth quarter compared to the prior year. Aggressive self-help measures that have re-focused our efforts on key markets and lowered our costs are yielding benefits to the bottom line. These restructuring efforts are expected to contribute an additional approximate $60 million of future EBITDA.”
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