-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下： HUN公佈2026年第一季營收為14.2億美元（年增0.7%），超出市場預期2.2%。儘管調整後每股虧損0.20美元，但仍高於去年同期的0.11美元，不過也超出市場預期0.01美元。 3月的地緣政治動盪導致原料成本大幅上漲，儘管聚氨酯銷量成長4%，先進材料營收成長12%，但各業務板塊的利潤率都受到擠壓。我們認為銷售成長雖有一定正面意義，但利潤率下滑和投入成本上升，加上持續的價格壓力，令人擔憂能否恢復到7%-11%的歷史息稅前利潤率水準。管理層預計，隨著銷售成長和應對原料價格飆升的定價策略，第二季獲利能力將有所改善。然而，鑑於市場狀況難以預測以及競爭壓力限制了定價能力，我們認為執行風險較高。 HUN的財務狀況依然緊張，淨債務增至16.87億美元，自由現金流為負9,100萬美元，儘管比前一年的1.07億美元略有改善。
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