Huntsman Corp. reported second quarter 2022 results with revenues of $2,362 million, net income of $242 million, adjusted net income of $265 million, and adjusted EBITDA of $432 million.
Peter R. Huntsman, chairman, president, and CEO, commented, "Second quarter EBITDA margins exceeded 18% on the back of our value over volume strategy, improved pricing, and solid cost control. We remain well ahead or on track to meet the targets that we presented at our Investor Day in November 2021, despite an increasingly challenging economic environment due to extremely high European natural gas prices, headwinds in China associated with government-mandated shutdowns and monetary tightening in the United States. In addition to the positive results, we repurchased approximately $500 million in shares in the first six months of the year and our balance sheet remains extremely strong with a net leverage ratio of 0.6x.