Kraton Corporation (KRA) Tops Q3 EPS by 57c, Beats on Revenues

Kraton Corporation (NYSE: KRA) reported Q3 EPS of $1.51, $0.57 better than the analyst estimate of $0.94. Revenue for the quarter came in at $510.9 million versus the consensus estimate of $481.77 million.

THIRD QUARTER 2017 SUMMARY

• Third quarter consolidated revenue of $510.9 million, up 12.5% compared to the third quarter of 2016
• Third quarter consolidated net loss of $4.0 million compared to net income of $15.6 million in the third quarter of 2016
• Third quarter Adjusted EBITDA(1) of $121.7 million, up 33.6% compared to the third quarter of 2016
• Polymer segment Adjusted EBITDA(1) of $77.4 million, with an associated margin(2) of 24.6%, up $27.8 million or 56.0% compared to the third quarter of 2016
• Chemical segment Adjusted EBITDA(1) of $44.3 million, with an associated margin(2) of 22.5%, up $2.8 million or 6.8% compared to the third quarter of 2016
• Delivered incremental cost reductions and transaction synergies of $10.7 million, with full realization of $65 million of transaction synergies at September 30, 2017, ahead of the initial FYE 2018 target

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

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