Kraton Corporation (KRA) Tops Q1 EPS by 23c

Kraton Corporation (NYSE: KRA) reported Q1 EPS of $0.27, $0.23 better than the analyst estimate of $0.04. Revenue for the quarter came in at $427.3 million versus the consensus estimate of $409.91 million.

OUTLOOK:

While our first quarter results were not materially impacted by COVID-19, the progression of COVID-19 may result in significant disruption in global demand fundamentals for the balance of 2020. As it is not possible to determine the magnitude or duration of the impact that COVID-19 may have for the balance of 2020, we are not providing full year 2020 Adjusted EBITDA guidance at this time. This decision is based solely on our inability to effectively determine likely outcomes from COVID-19 progression, or to translate a wide range of possible scenarios into an accurate financial forecast, and is not a reflection of any specific concerns or known adverse developments in our business.

We will continue to monitor the potential impacts of COVID-19 on customer demand and we intend to maintain transparency around demand trends and market developments and our expectations for their impact on our business results as the year progresses.

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

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