Kraton Performance Polymers (KRA) Misses Q3 EPS by 14c

Kraton Performance Polymers (NYSE: KRA) reported Q3 EPS of $0.48, $0.14 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $269 million versus the consensus estimate of $292.76 million.

OUTLOOK

We currently estimate that our results in the fourth quarter of 2015 will reflect a negative spread between FIFO and ECRC of approximately $10.0 million. We now expect adjusted gross profit will be in the range of $900 to $915 per ton for the full year 2015, which would translate into full year 2015 adjusted EBITDA of $160 million. We believe the current raw material price environment is positive for our business, as lower average selling prices, in combination with the performance qualities of Kraton's product offering, provide a strong value proposition relative to competing materials.

For earnings history and earnings-related data on Kraton Performance Polymers (KRA) click here.

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