Huntsman Q1 2023 Earnings Report
Key Takeaways
Huntsman Corporation reported first quarter 2023 revenues of $1,606 million, net income attributable to Huntsman of $153 million, adjusted net income of $37 million and adjusted EBITDA of $136 million. The company saw quarter-over-quarter improvement in all three business segments, with sequential improvements in China and Europe.
First quarter results were in line with expectations.
Saw quarter over quarter improvement in all three business segments.
Headwinds on demand continued into the second quarter, specifically in North American construction.
Balance sheet is strong and provides flexibility to return cash to shareholders and consider investments.
Huntsman
Huntsman
Forward Guidance
During 2023, the company expects to spend between $240 million to $250 million on capital expenditures. We expect our 2023 adjusted effective tax rate to be approximately 24% to 26%. We expect our long-term adjusted effective tax rate to be approximately 22% to 24%.