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Huntsman Reports 16% Increase in Third Quarter Revenue

November 11, 2010
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Huntsman Corp. has reported revenues of $2,401 million for the third quarter of 2010, an increase of 16% compared to $2,075 million for the same period in 2009 and an increase of 2% compared to $2,343 million for the second quarter of 2010.

Adjusted net income for the third quarter of 2010 was $83 million, compared to adjusted net loss of $48 million for the same period in 2009.

“I am very pleased with our earnings in the third quarter 2010,” said Peter R. Huntsman, president and CEO. “We have seen a continuous recovery in global demand for all of our products, and margins are increasing in most product lines. We have previously used 2007 as a benchmark for a normalized demand environment. In the third quarter, our total company sales volumes exceeded the same period volume in 2007, however, with a very different product and geographic profile. As our global focus is on the further development of our specialty products, we continue to see many opportunities for growth.”

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