Home / Knowledge / News / Textiles / Adjusted EPS rises 3.09% in 2015 at Huntsman
Adjusted EPS rises 3.09% in 2015 at Huntsman
18
Feb '16
Huntsman Corporation, a US based chemicals manufacturer serving a number of industries including textiles, saw an increase of 3.09 per cent in its adjusted earnings per share (EPS) in 2015 to $2.0 as compared to $1.94 in 2014, according to a press statement released by the company.

On the other hand, the company saw a fall of 8.8 per cent in its adjusted EBITDA to $1,221 million in 2015 as compared to $1,340 million in 2014.

The adjusted net income reported by the company in 2015 was $492 million as compared to $478 million in 2014, a rise of 2.92 per cent.

The total revenue reported by the company in 2015 was $10,299 million as compared to $11,578 million in 2014, a fall of 11.04 per cent.

Commenting on the coming year, Peter Huntsman, president and CEO of Huntsman Corporation said, “In 2016, primarily as a result of lower priced oil and a lower global economic growth environment, we expect continued EBITDA pressure on our cyclical businesses. Growth from our differentiated businesses will offset cyclical pressure and inflationary costs such that we expect our 2016 EBITDA to be a similar amount to 2015.”

“In 2016, we will continue to pursue actively a separation of our TiO2 business through a spinoff to shareholders or other strategic transaction,” he added. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search