Huntsman’s 2019 revenues were almost $6.8 billion, down 11% from $7.6 billion in 2018.
Huntsman Corp. recently reported its fourth quarter and full-year 2019 results. For the year, the company’s revenues declined 11%, to reach almost $6.8 billion (from $7.6 billion in 2018).
“2019 was a memorable year for Huntsman with several milestones achieved that significantly strengthened the company for years to come,” said Peter R. Huntsman, chairman, president, and CEO. “The biggest milestone was the $2 billion divestiture of our Chemical Intermediates and Surfactants businesses, which significantly reduces our upstream footprint. The proceeds from this sale have further fortified our investment grade balance sheet and enhances our ability to focus on and grow our core downstream businesses. Additionally, we acquired the remaining 50% investment in our Maleic Anhydride joint venture from Sasol, we opened a new polyurethanes system house in Dubai, and in early December we announced the agreement to acquire Icynene-Lapolla which will double the size of our existing high growth spray foam business. We remained balanced in our capital allocation by repurchasing over $200 million in stock and paying $150 million in dividends to our shareholders. Lastly, in the beginning of 2019 we achieved our long-term goal to earn an investment grade rating.