Posted: Feb 11, 2014 9:16 AM
Updated: Feb 11, 2014 9:16 AM
THE WOODLANDS, Texas (AP) Huntsman Corp. has turned a profit in its fourth quarter, as the prior-year period included a bigger loss on early debt extinguishment.
The company based in The Woodlands on Tuesday reported, for the three months that ended Dec. 31, earning $41 million, or 17 cents per share. That compares with a loss of $40 million, or 17 cents per shares, a year earlier.
The year-ago period included a $78 million loss on early debt extinguishment, while the current quarter's was $16 million.
Excluding certain items, earnings were 48 cents per share.
Revenue increased 3 percent to $2.71 billion from $2.62 billion.
Full-year net income declined 65 percent to $128 million, or 53 cents per share, from $363 million, or $1.51 per share, in the previous year.