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Mar 31, 2023
Huntsman Q1 2023 Earnings Report
Huntsman reported first quarter 2023 results, showing improvement across all business segments despite headwinds in North American construction.
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.
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%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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