Huntsman Corp. recently reported second quarter 2021 results, with revenues topping $2 billion, an increase of over 62% compared to the 2020 second quarter. Revenues increased in each of the company’s business segments.
“We are pleased with second quarter earnings as demand in many of our businesses returned to pre-pandemic levels,” said Peter R. Huntsman, chairman, CEO, and president. “The recent acquisitions and synergies already captured in Gabriel, CVC and our Huntsman Building Solutions franchise and several cost optimization initiatives that are well underway, are all contributing to our earnings improvement. We are also making good progress on our organic capital investments, including our MDI splitter project in Geismar, Louisiana, which we now expect to start up in early 2022.
“We are focused on delivering a strong EBITDA performance and high free cash flow in the second half of 2021. We remain committed to maintain a strong balance sheet and a balanced deployment of our capital including further investments to secure growth. We will showcase our strategic initiatives and the continued transformation of the entire portfolio at our New York City Investor Day on November 9, 2021.”
Additional details are available at www.huntsman.com.