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Huntsman announces fourth quarter and full year 2016 financial results

2017-02-17 11:04:58  【Print】
BEIJING (Asian Metal) 17 Feb 17 - On February 16, 2017, Huntsman Corporation reported fourth quarter 2016 results with revenues of $2,395 million, net income of $137 million and adjusted EBITDA of $256 million.

Fourth Quarter 2016 Highlights:
  • Net income was $137 million compared to $9 million in the prior year period and $64 million in Q3;
  • Adjusted EBITDA was $256 million compared to $240 million in the prior year period and $272 million in Q3;
  • Diluted income per share was $0.Asian Metal Copyright23 in the prior quarter; Adjusted diluted income per share was $0.Asian Metal Copyright53 compared to $0.Asian Metal Copyright Full Year 2016 Highlights: Net income was $357 million compared to $126 million last year; Adjusted EBITDA was $1,127 million compared to $1,221 million in the prior year; Net cash provided by operating activities was $1,088 million compared to $575 million last year; Free cash flow generation was $686 million compared to negative free cash flow of $30 million in the prior year; The company repaid $560 million of debt during the year from cash generation and proceeds from the sale of European surfactants business.Asian Metal Copyright02 in the prior year period and $0.23 in the prior quarter;
  • Adjusted diluted income per share was $0.Asian Metal Copyright51 in the prior year period and $0.Asian Metal Copyright30 compared to $0.Asian Metal CopyrightBEIJING Asian Metal 17 Feb 17 - On February 16, 2017, Huntsman Corporation reported fourth quarter 2016 results with revenues of $2,395 million, net income of $137 million and adjusted EBITDA of $256 million.Asian Metal Copyright51 in the prior year period and $0.38 in Q3;
  • Net cash provided by operating activities was $240 million. Free cash flow generation was $117 million;
  • On December 30, 2016, the company completed the sale of European surfactants business for an enterprise value of $225 million;
  • On December 30, 2016, the company made a $260 million early repayment of debt.
Full Year 2016 Highlights:
  • Net income was $357 million compared to $126 million last year;
  • Adjusted EBITDA was $1,127 million compared to $1,221 million in the prior year;
  • Net cash provided by operating activities was $1,088 million compared to $575 million last year;
  • Free cash flow generation was $686 million compared to negative free cash flow of $30 million in the prior year;
  • The company repaid $560 million of debt during the year from cash generation and proceeds from the sale of European surfactants business.Asian Metal Copyright23 in the prior quarter; Adjusted diluted income per share was $0.Asian Metal Copyright This represents a 12% reduction in debt during 2016.

.Asian Metal CopyrightBEIJING Asian Metal 17 Feb 17 - On February 16, 2017, Huntsman Corporation reported fourth quarter 2016 results with revenues of $2,395 million, net income of $137 million and adjusted EBITDA of $256 million.Asian Metal Copyright

Titanium Sponge

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Unit:RMB/mt
China's active high titanium slag producers' operating rate statistics by province by month
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