Huntsman Q4 2020 Earnings Report
Key Takeaways
Huntsman Corporation reported Q4 2020 results with revenues of $1,668 million, net income of $360 million, adjusted net income of $113 million and adjusted EBITDA of $240 million. The company significantly exceeded expectations with adjusted EBITDA surpassing the previous year's Q4, despite challenges in the Aerospace sector. Solid free cash flow was delivered for both the fourth quarter and the full year.
Q4 adjusted EBITDA significantly exceeded the fourth quarter of a year ago.
Delivered a solid fourth quarter and full year free cash flow, beyond what was anticipated.
Added three highly complementary, differentiated businesses to core portfolio.
Targeting in excess of $120 million of annualized benefits by mid-2023 through cost realignment and business optimization plans.
Huntsman
Huntsman
Forward Guidance
While we are prepared for macro uncertainties to continue in 2021, we see steady improvements over 2020 in most of our core markets and we remain totally committed to creating value for our shareholders.