Latest news with #HUN
Yahoo
29-05-2025
- Business
- Yahoo
Huntsman to Close German Maleic Anhydride Plant After Strategic Review
Huntsman Corporation HUN has announced the completion of a strategic review of its European Maleic Anhydride business, leading to the decision to permanently close its Maleic Anhydride facility in Moers, Germany. This move comes after a thorough evaluation of the business's performance. The closure is expected to be completed by the end of the current decision is driven by the underperformance in the European Maleic Anhydride operations, which recorded an adjusted EBITDA loss of approximately $10 million in 2024. Huntsman has decided to serve customers in the European region through its facilities in North America, which are located in Pensacola, FL, and Geismar, a result of the facility closure in Moers, Huntsman expects to incur a one-time, non-cash asset impairment charge of around $75 million in the second quarter of 2025. Shares of Huntsman have lost 54% in the past year compared with the Zacks Chemicals Diversified industry's 27.8% decline. Image Source: Zacks Investment Research HUN, on its first-quarter call, noted that order patterns in many of its key markets, including construction, transportation and other industrial-related markets, are being hurt by low visibility and customer uncertainty regarding demand trends. The cautious customer order patterns are adversely impacting the seasonal volume improvement in its markets. While HUN is optimistic about an improvement in demand conditions, it remains focused on cost actions, which include workforce reductions as well as asset optimization in both Europe and North America. Huntsman Corporation price-consensus-chart | Huntsman Corporation Quote HUN currently carries a Zacks Rank #5 (Strong Sell).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Alamos Gold Inc. AGI and Hawkins, Inc. HWKNCarpenter Technology currently sports a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 110% in the past year. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Alamos Gold current-year earnings is pegged at $1.29 per share. AGI, carrying a Zacks Rank #1, surpassed the Zacks Consensus Estimate in two of the trailing four quarters while missing twice, with the average earnings surprise being 1.4%. The company's shares have rallied 58.1% in the past which currently carries a Zacks Rank #2, beat the consensus estimate in one of the trailing four quarters while missing thrice. In this time frame, it delivered an earnings surprise of roughly 8.2%, on average. The company's shares have rallied 43.6% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Huntsman Corporation (HUN) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
21-05-2025
- Politics
- Korea Herald
Strong Support for Governing Coalition Ahead of Key MPP Congress Vote
LONDON, May 20, 2025 /PRNewswire/ -- On the eve of the Mongolian People's Party Congress vote on whether to maintain the current governing coalition, new polling shows that the alliance between MPP, DP, and HUN continues to enjoy strong support among the Mongolian electorate. The nationally representative poll, conducted by international research firm Sancrox Political Advisory from 16 to 23 April, shows that 42% of Mongolian voters approve of the decision to form a coalition between MAH, AH, and HUN, compared to 36% who disapprove and 19% who neither approve nor disapprove. This includes: These figures show that the coalition retains a solid base of support among its founding parties. As the MPP Congress prepares to vote, public opinion remains in favour of continuity.
Yahoo
03-05-2025
- Business
- Yahoo
Why Huntsman Corporation (HUN) Went Down On Friday
We recently published a list of . In this article, we are going to take a look at where Huntsman Corporation (NYSE:HUN) stands against other Friday's worst performers. Wall Street's major indices ended the trading week on a strong note, clocking in robust gains as investors cheered better-than-expected non-farm payrolls last month while digesting more corporate earnings results. The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.51 percent. The S&P 500 clocked in a 1.47-percent gain, while the Dow Jones grew by 1.39 percent. Despite the broader market optimism, 10 companies managed to register declines amid dismal earnings performance in the first quarter of the year. In this article, let us explore Friday's 10 worst performers and the reasons behind their decline. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. Workers in a chemical plant, creating the state-of-the-art organic chemical products. Huntsman Corporation (NYSE:HUN) Huntsman Corp. dropped its share prices by 9.35 percent on Friday to finish at $12.12 apiece following a mixed earnings performance in the first quarter of the year, coupled with a soft outlook guidance for the rest of the year. In a statement, Huntsman Corporation (NYSE:HUN) said that its net loss attributable to the company narrowed by 86 percent to $5 million from $37 million in the same period last year. Revenues, on the other hand, declined by 4 percent to $1.41 billion from $1.47 billion year-on-year. 'Since our last earnings call, short-term business conditions continue to change markedly. Low visibility and customer uncertainty regarding demand trends over the coming months are pressuring order patterns in many of our key markets, including construction, transportation, and other industrial-related markets. The cautious customer order patterns are muting the seasonal volume improvement our markets typically experience during the second quarter,' said Huntsman Corporation (NYSE:HUN) Chairman, President, and CEO Peter Huntsman. 'While we are hopeful that demand conditions improve, we are not waiting for that to happen and remain aggressive on costs, which include announced workforce reductions as well as asset optimization in both Europe and North America,' he added. Overall, HUN ranks 6th on our list of Friday's worst performers. While we acknowledge the potential of HUN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HUN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
