Adhesives Mag logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Adhesives Mag logo
  • NEW PRODUCTS
  • NEWS
    • Adhesives & Sealants Headlines
    • Mergers/Acquisitions
    • Events Calendar
    • Market Trends
  • TOPICS
    • Finished Adhesives and Sealants
    • Pressure-Sensitive Adhesives (PSAs)
    • Coatings
    • Raw Materials and Chemicals
    • Materials Handling/Processing
    • Meter/Mix/Dispense
    • Curing
    • Testing/Quality Control
    • Packaging of Adhesives & Sealants
    • Converting/Packaging
    • Composites
    • Sustainability
  • COLUMNS
    • European Perspectives
    • Strategic Solutions
    • Supply Chain Strategies
    • Tape Talk
  • TOP 20
  • MULTIMEDIA
    • Videos
    • Podcasts
    • Webinars
    • eBooks
  • EXPLORE
    • Adhesives in Action
    • Blog
    • ASI Store
    • Industry Links
    • Market Research
    • Classifieds
  • DIRECTORIES
    • Buyers' Guide
    • Global Adhesives & Sealants Directory
    • Raw Materials, Chemicals, Polymers and Additives Handbook
    • Equipment Handbook
    • Distributor Directory
  • EMAGAZINE
    • EMAGAZINE
    • ARCHIVE ISSUES
    • ADVERTISE
      • Custom Content & Marketing Services
    • CONTACT
  • SIGN UP!
NewsAdhesives and Sealants TopicsAdhesives & Sealants HeadlinesFinished Adhesives and SealantsRaw Materials and Chemicals

Huntsman Optimistic for 2019 Despite First Quarter Dip

Huntsman reports that its Polyurethanes segment saw decreased revenues in the 2019 third quarter due to lower average methylene diphenyl diisocyanate (MDI) and methyl tertiary butyl ether (MTBE) selling prices, partially offset by higher MDI sales volumes.

market trends
May 3, 2019

Huntsman Corp. recently reported first quarter 2019 revenues of $2 billion and net income of $131 million, compared to $2.3 billion and $350 million, respectively, in the 2018 first quarter. The company reports that its Polyurethanes segment saw decreased revenues in the 2019 third quarter due to lower average methylene diphenyl diisocyanate (MDI) and methyl tertiary butyl ether (MTBE) selling prices, partially offset by higher MDI sales volumes. MDI average selling prices decreased primarily due to a decline in polymeric MDI selling prices in China and Europe. MDI sales volumes increased primarily due to the startup of the company’s new Chinese MDI facility in 2018 and the acquisition of Demilec in the second quarter of 2018. MTBE average selling prices decreased primarily as a result of lower pricing for high octane gasoline.

The decrease in revenues in the company’s Performance Products segment for the first quarter of 2019 was reportedly due to lower sales volumes and lower average selling prices. Sales volumes decreased primarily due to weakened market conditions, while average selling prices were down primarily due to lower raw material costs and weakened market conditions.

Huntsman’s Advanced Materials segment also saw revenues decline in the 2019 first quarter. According to the company, the decrease was primarily due to lower average selling prices, which were down mainly as a result of the impact of a stronger U.S. dollar against major international currencies, partially offset by higher local currency selling prices. The impact of sales volumes on revenues remained relatively flat, as favorable product mix effect from sales volumes in the aerospace components market was offset by lower sales volumes in the power- and automotive-related markets.

“While global economic conditions remained challenging in the first quarter of this year, we are pleased with the relative resilience of our core downstream portfolio,” said Peter R. Huntsman, chairman, president and CEO. “The month of March ended slightly better than we projected, and while we remain cautious of certain regions of the world, notably Europe, we see momentum returning to Asia, especially in China. In 2019, we are on course to achieve our second best year ever. We remain focused on delivering consistent strong free cash flow and executing our downstream strategy through strategic investments, new products and continued globalization of recent bolt-on acquisitions. Our balance sheet is strong, our dividend yield is attractive, and we continue our balanced approach to capital allocation, including share repurchases.”

Additional details are available at www.huntsman.com.

KEYWORDS: financial results general business polyurethanes

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • mouse in hole

    Using Foam Sealants for Pest Prevention

    According to the National Pest Management Association,...
    Finished Adhesives and Sealants
    By: Kevin Corcoran
  • linked network nodes

    Using the Power of AI for Adhesive and Sealant Formulation

    With the help of software solutions, adhesive formulators...
    Adhesives and Sealants Topics
    By: Karen Parker
  • top20-hero.jpg

    2024 ASI Top 20: Leading Global Manufacturers of Adhesives and Sealants

    ASI's annual ranking of the top 20 global adhesive and...
    Adhesives and Sealants Topics
Subscribe For Free!
  • eMagazine Issues
  • eNewsletter
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

More Videos

Popular Stories

image of confetti in air

Winners of ASC Innovation Awards

Picture of white beads of hot-melt adhesives

Henkel and Synthomer Work to Cut Carbon Emissions in Adhesives

news on internet screen

H.B. Fuller Names 2025 Customer Innovation Awards Winners

ASI Top 20 website

Events

January 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Products

Structural Adhesives: Properties, Characterization and Applications

Structural Adhesives: Properties, Characterization and Applications

See More Products

ASI CASE EBOOK

Related Articles

  • headlines and news

    Covestro Optimistic Despite Challenging 2019 Second Quarter

    See More
  • Headline News 2

    Revenues Dip 9% for Huntsman in 2019 Second Quarter

    See More
  • market trends

    Clariant Sales Increase 2% in 2019 First Quarter Despite Slow Start in Plastics & Coatings Segment

    See More

Related Products

See More Products
  • adhesive-bonding-materials.gif

    Adhesive Bonding: Materials, Applications and Technology

  • adhesion aspects.jpg

    Adhesion Aspects in MEMS/NEMS

  • acc.jpg

    Adhesives, Coatings and Consolidants, 3E

See More Products
×

Keep the info flowing with our eNewsletters!

Get the latest industry updates tailored your way.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey & Sample
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Youtube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing