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Home / Knowledge / News / Textiles / Huntsman textile reports better growth
Huntsman textile reports better growth
22
Feb '08
Huntsman releases 2007 Q4 and full year results. Adjusted EBITDA from continuing operations for the fourth quarter 2007 increased by 13% as compared to prior year period.

Fourth Quarter 2007 Highlights
• Revenues for the fourth quarter of 2007 were $2,503.9 million, an increase of 17% as compared to $2,147.8 million for the fourth quarter of 2006.

• Net income for the fourth quarter of 2007 was $2.2 million or $0.01 per diluted share as compared to net income of $80.2 million or $0.34 per diluted share for the same period in 2006. Adjusted net income from continuing operations for the fourth quarter of 2007 was $47.7 million or $0.20 per diluted share as compared to $47.8 million or $0.20 for the same period in 2006.

• Adjusted EBITDA from continuing operations for the fourth quarter of 2007 was $192.3 million, an increase of 13 % as compared to $170.8 million for the same period in 2006.

2007 Highlights:
• Revenues for 2007 were $9,650.8 million, an increase of 11% as compared to $8,730.9 million for 2006.

• Net loss for 2007 was $172.1 million or $0.74 loss per diluted share as compared to net income of $229.8 million or $0.99 per diluted share for 2006. 2007 net loss includes $217.1 million of loss from discontinued operations and $209.8 million in merger related expenses while 2006 results includes $132.9 of loss from discontinued operations. Adjusted net income from continuing operations for 2007 was $261.0 million or $1.12 per diluted share an increase of 5% as compared to $250.0 million
or $1.07 per diluted share for 2006.

• Adjusted EBITDA from continuing operations for 2007 was $912.9 million as compared to $923.7 million for 2006.

• Net interest expense declined by 19% to $285.6 million in 2007 from $350.7 million in 2006.

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Huntsman Corporation


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