Huntsman second quarter results: revenue down, acquisition on track
According to Huntsman’s second quarter report, the chemical manufacturer had revenues of $1,247 million, net loss of $59 million, adjusted net loss of $30 million and adjusted net income of $54 million.
The second quarter net loss of $59 million is compared to net income of $118 million in the same period last year; the reported loss per share of $0.28 is compared to diluted earnings per share of $0.47; and the adjusted net loss of $30 million is compared to adjusted net income of $108 million last year for the same period. The second quarter 2020 adjusted EBITDA of $54 million is compared to $245 million in the prior year period. Second quarter net cash from operating activities was $85 million and free cash flow from continuing operations was $30 million.
