Huntsman Q1 Profit Tops Estimates - Quick Facts

(RTTNews) - Huntsman Corporation (HUN) reported first-quarter net income to company of $5 million or $0.02 per share, compared to $54 million or $0.22 per share, prior year. Adjusted net income was $98 million or $0.40 per share, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.28 for the quarter. Analysts' estimates typically exclude special items.

Adjusted EBITDA was $285 million compared to $329 million in the prior year period. The company said the decrease was primarily attributable to an estimated adjusted EBITDA impact of approximately $60 million from a planned maintenance outage at Port Neches, Texas facility, partially offset by earnings from the performance additives and titanium dioxide businesses that was acquired from Rockwood.

Revenue decreased to $2.59 billion from $2.76 billion last year. Analysts expected revenue of $2.85 billion for the quarter.