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Huntsman Second Quarter Revenue Grows 25%

August 11, 2011
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Huntsman recently reported revenues for the second quarter of 2011 of $2,934 million, an increase of 25% compared to $2,343 million for the same period in 2010 and an increase of 10% compared to $2,679 million for the first quarter of 2011. Adjusted EBITDA for the second quarter of 2011 was $318 million, an increase of 24%, compared to $257 million for the same period in 2010 and an increase of 5% compared to $302 million for the 2011 first quarter.

Adjusted net income for the second quarter of 2011 was $117 million vs. $75 million for the same period in 2010 and $114 million for the first quarter of 2011. Net income attributable to Huntsman Corp. for the second quarter of 2011 was $114 million, the same amount as the same period in 2010 and up from the $62 million in the first quarter of 2011.

“Our second quarter 2011 revenues increased 25% compared to the prior year as a result of improvements in both pricing and demand,” said Peter R. Huntsman, president and CEO. “Despite inflation in raw material and other manufacturing costs, our adjusted EBITDA improved 24% compared to the prior year.”

For more information, visit www.huntsman.com.

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