Huntsman Reports 16% Increase in Third Quarter Revenue
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.”
For additional details, visit www.huntsman.com.
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.”
For additional details, visit www.huntsman.com.
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