SALT LAKE CITY -- Chemicals giant Huntsman reported fourth-quarter net income of $80.2 million on revenues of $2.54 billion, compared to a net loss of $65 million on sales of $10.68 million for the same period in 2005.

The company announced a definitive agreement to sell its U.S. base chemicals and polymers business to Flint Hills Resources, a division of Koch Industries, for $761 million. The deal is expected to close in the third quarter. 

Huntsman makes solder mask, conformal coating and other specialty materials.