文章核心观点 - 公司产品广泛应用于多个行业,在经济环境较差时也能保持相对稳定的需求,有望在经济复苏时获得上行空间 [2][3] - 公司收入自2014年以来持续下滑,尽管进行了资本支出和并购等措施,但未能阻止下滑趋势,这令人担忧 [4][5] - 管理层在最近的财报电话会议上表现谨慎,未对未来业绩做出过于乐观的预期,这可能意味着股价触底的迹象 [6][7][8] - 管理层表示将关注成本控制、资产组合优化和环境安全绩效,而不会为了短期利益而做出有损公司长期发展的决策 [7][8] - 公司在电动车领域也有一些新的应用和发展机会,但需要等待实际业绩的验证,不宜过于乐观 [8][9] 财务表现与估值 - 公司近年来收入和EBITDA均呈下降趋势,但毛利率有所改善,这为未来业绩改善提供了基础 [11][12] - 根据敏感性分析,要实现较好的股价表现,需要公司未来5年业绩大幅改善,且估值水平维持较高水平 [15][16] - 目前公司估值指标已处于较低水平,如果业绩进一步下滑,可能会形成较好的买入机会 [17][18] 风险因素 - 如果经济环境持续低迷,公司产品价格上涨受阻,业绩改善可能会推迟,股价走势也会更加波动 [20] - 意外的生产中断、贸易壁垒上升等因素也可能对公司生产和销售产生不利影响 [20] 总结 - 长期来看,公司基本面较为稳健,有望在经济复苏时获得业绩改善,但短期内仍面临一些不确定性 [21] - 如果未来12个月内公司盈利能力进一步恶化,股价可能会有一定下行空间,届时可以考虑逢低买入 [21]

Huntsman Corporation (HUN) is benefiting from actions to grow its downstream businesses and acquisitions. However, it faces headwinds from demand softness and pricing pressure. The company’s shares are down 8.6% over a year, compared with a 6.1% decline of its industry. Image Source: Zacks Investment Research ...

Huntsman Corporation (HUN) has inaugurated a new innovation center in Tienen, Belgium, bolstering its research and development (R&D) capabilities and demonstrating its commitment to its local customers. The new 11,000-square-meter facility includes a world-scale analytical laboratory, two machine halls and fully equipped and automated product testing areas. Together, these assets strengthen Huntsman's ability to complete the whole product innovation path, from the development of original ideas at lab scale ...

TIENEN, Belgium, June 13, 2024 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) officially opened a new innovation center in Tienen, Belgium on June 13, 2024, strengthening its research and development (R&D) capabilities and reinforcing its commitment to its customers in the region. The new 11,000-square-meter facility comprises a world-scale analytical laboratory; two machine halls; and fully equipped and automated product testing facilities. Together, these assets boost Huntsman's ability to perform the e ...

Huntsman Corporation (HUN) is poised to benefit from its investment in downstream businesses and differentiated product innovation as well as strategic acquisitions amid headwinds from soft demand in certain markets and pricing pressure. The company’s shares are up 1.5% over the past year compared with a 6% rise of its industry. Image Source: Zacks Investment Research ...

THE WOODLANDS, Texas, May 21, 2024 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) has published its 2023 corporate sustainability report titled, "Solutions for Sustainability," on its website Huntsman.com/sustainability. This interactive report highlights the many ways in which Huntsman's products provide essential solutions for sustainability challenges. "The report demonstrates how Huntsman's many innovative solutions are essential to realizing the sustainability goals of today and tomorrow," said Britt ...

Huntsman Corporation (HUN) logged a first-quarter 2024 net loss of $37 million or 22 cents per share. This compares to a profit of $153 million or 83 cents in the year-ago quarter. Barring one-time items, adjusted loss per share came in at 6 cents p for the reported quarter. It was narrower than the Zacks Consensus Estimate of a loss of 8 cents. Revenues were $1,470 million, down around 8% year over year. The top line missed the Zacks Consensus Estimate of $1,476.5 million. HUN witnessed lower sales across ...

财务数据和关键指标变化 - 公司第一季度收益有所改善,但仍未完全恢复到正常水平 [13][14] - 公司正努力恢复失去的销量,第一季度取得了一些小幅增长 [13] - 公司需要通过价格上涨来扩大利润空间,目前部分地区的利润水平仍低于再投资水平 [14] - 公司正努力改善现金流,但随着销量和价格上涨,未来可能面临营运资金压力 [15] 各条业务线数据和关键指标变化 - 聚氨酯业务: - 北美需求同比增长25%,但仍未完全恢复到去年同期水平 [13][50][51] - 欧洲需求同比增长9%,也未完全恢复 [50][51] - 公司预计未来几个季度需求将保持缓慢稳定增长 [29][30][31] - 先进材料业务: - 销量同比下降,但剔除低毛利产品后实际增长 [26][27][86][87] - 公司将继续淘汰低毛利的大宗化学品业务,专注于高附加值应用 [86][87] 各个市场数据和关键指标变化 - 中国市场: - 汽车和节能建材领域需求保持较好增长 [23][24][25] - 公司对中国市场的复苏保持谨慎乐观态度,预计将是缓慢稳定的复苏 [25][37] - 欧洲市场: - 部分业务线利润水平仍低于再投资水平,主要受高能源价格和监管压力影响 [80][123][124] - 公司先进材料业务在欧洲表现较好,利润率较高 [123] 公司战略和发展方向及行业竞争 - 公司将继续优化资产组合,审慎评估资产价值最大化 [99][100][101][122] - 公司将关注通过技术、全球化和下游应用整合来增强竞争力的收购机会 [110][111] - 公司将保持谨慎的资产负债表管理策略,不会为了短期利益而过度杠杆 [99][100] 管理层对经营环境和未来前景的评论 - 管理层对需求和价格的恢复持谨慎乐观态度,预计未来几个季度将保持缓慢稳定增长 [13][14][29][30][31] - 管理层认为,实现利润水平的正常化需要需求和价格的双重改善 [14][121][122] - 管理层将继续关注成本控制,应对全球通胀和监管压力 [16][17] 问答环节重要的提问和回答 问题1 **Patrick Cunningham 提问** 对中国市场的看法 [22] **Peter Huntsman 回答** 中国汽车和节能建材领域需求保持较好增长,但出口市场存在不确定性 [23][24][25] 问题2 **Frank Mitsch 提问** 对聚氨酯业务的价格和利润前景 [29][31] **Peter Huntsman 回答** 预计未来几个季度价格和利润将有小幅改善,但主要来自于销量增长 [30][32] 问题3 **David Begleiter 提问** 恢复到10亿美元EBITDA水平需要什么 [35] **Peter Huntsman 回答** 需要市场需求恢复,同时公司内部也有多个可带来150-200百万美元EBITDA增量的项目 [36][37][38][39][40]

1Q24 Earnings Summary May 2, 2024 1 1st Quarter 2024 Earnings Summary Conference Call Friday, May 3, 2024 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to State of Commission Exact Name of Registrant as Specified in its Charter, Incorporation I.R.S. Employer File Number Principal Office Addr ...