Huntsman Corp. recently reported fourth-quarter 2023 results with revenues of $1,403 million, posting a net loss attributable to Huntsman of $71 million. 

Full-year 2023 saw record sales of $18.2 billion and record operating cash flow of over $2.4 billion – up more than $1.4 billion year-over-year.

These results were driven by the launch of software solutions that enable chemical suppliers and distributors to deliver an improved customer experience.

A strong fourth quarter was partially offset by a financially challenging year, but the 2024 outlook remains positive. 

Despite achieving a record fiscal year adjusted EBITDA margin of 16.5%, the results were mixed for both the fourth quarter and all of 2023, but a positive outlook remains.

Investments in start-ups, acquisitions, and the opening of new plants led to the significant revenue growth for the company

Record setting second-quarter net sales were $1.79 billion, net income $145.5 million, and EBIT was $220.9 million.

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Net sales are up 4% year-over-year, posting $4.6 billion. The company has accordingly raised its full-year adjusted EPS guidance.

 The current dividend represents a 10% increase over the $0.42 quarterly cash dividend paid at this time last year.