Huntsman (HUN) Reports $450M Share Repurchase Program
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Huntsman Announces Strong Fourth Quarter 2017 Results; Net Leverage Reduced to 1.4x; The Board Approves a 30% Dividend Increase and Share Repurchases of up to $450 million
February 23, 2018 6:00 AM UTCTHE WOODLANDS, Texas, Feb. 23, 2018 /PRNewswire/ --
Fourth Quarter 2017 Highlights
Net income was $287 million compared to $137 million in the prior year period and $179 million in the prior quarter. Adjusted EBITDA was $360 million compared to $210 million in the prior year period and $340 million in the prior quarter. Diluted income per share was $1.00 compared to $0.53 in the prior year period and $0.60 in the prior quarter. Adjusted diluted income per share was $0.76 compared to $0.21 in the prior year period and $0.67 in the prior quarter. Net cash provided by operating activities was $304... More