Huntsman announces first quarter 2017 financial report-TMPDA-Tetramethylpropylenediamine

Highlights of the First Quarter Financial Report

The group’s net profit for this quarter reached US$92 million, which was higher than US$62 million in the same period last year and declined from US$137 million in the previous quarter.

The Group’s adjusted profit before interest, taxes, depreciation and amortization in the first quarter was US$329 million, an increase from US$274 million in the same period last year and US$256 million in the previous quarter. Go higher.

The group’s diluted earnings per share in the first quarter was US$0.31, higher than US$0.24 in the same period last year and slightly lower than US$0.53 million in the previous quarter.

Adjusted diluted earnings per share was $0.57, higher than $0.37 in the same period last year and $0.30 in the previous quarter.

The group’s net cash flow from operating activities in the first quarter reached US$93 million, and free cash flow was US$82 million.

The group paid US$100 million on April 25, 2017 to repay debts in advance.

Whether it is a company split or a spin-off and listing, the group promises to make a decision on whether to stay in its pigment business in the summer of 2017.

Presentation

Huntsman announced the group’s first quarter financial report for 2017 on April 26 – the group’s first quarter operating income was US$2.469 billion and net profit was US$92 million. Adjusted EBITDA was $329 million.

Peter R. Huntsman, President and CEO of the Group, made the following comments: “In the first quarter, the Group’s business showed a strong trend that far exceeded expectations. It is worth mentioning that, in addition to the pigment business, the profits before interest, taxes, depreciation and amortization of each of the group’s business divisions this quarter have increased compared with last year.

The group’s net profit for the quarter reached US$92 million, and the adjusted profit before interest, tax, depreciation and amortization was US$329 million. Even taking into account the proceeds from the sale of the European surfactant business in the fourth quarter of last year, revenue in the first quarter of this year still showed an increase of nearly $62 million compared with last year’s average.

The group’s net cash flow from operating activities in the first quarter reached US$93 million, and free cash flow was US$82 million, including US$54 million in insurance claims, a year-on-year increase of 95 million Dollar.

On the basis of repaying nearly US$670 million last year, the group repaid US$100 million of debt in advance on April 25 this year. In the future, we will continue to make unremitting efforts to improve corporate financial management and balance receipts and payments.

Thanks to the outstanding performance of each business in the first quarter, the group’s free cash flow in fiscal 2017 is expected to exceed the US$450 million mark.

The group is still making efforts to divest its pigments and additives business, and is expected to spin it off and list it this summer or separate the company. ”

Polyurethane business comparison during the same period

As of March 31, 2017, the year-on-year growth of the Group’s polyurethane business was still mainly due to the increase in average sales price. Among them, due to rising raw material costs and strong market demand, MDI prices have been rising. On the other hand, the rise in MTBE prices is mainly caused by the rising price of high-octane gasoline. In terms of sales volume, the MDI and MTBE businesses did not show much change. The strength of the MDI business made up for the shrinking profits of MTBE to a certain extent, and ultimately promoted the increase in polyurethane business revenue in the first quarter.

() is deeply engaged in the subdivision industry of polyurethane raw materials – amine catalysts; it develops and manufactures various types of amine catalysts; main products: A-33|33LV|CS90|C225|GSY9727|SMP|Z-131|Solidamineetc., suitable for sponge, molding, high return Elastic, self-crusting, PU toys and various hard foam and semi-rigid foam and other end products.