Kraton Performance Polymers, Inc. Announces First Quarter 2016 Results
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Kraton Performance Polymers (KRA) Tops Q1 EPS by 25c, Sales Miss
April 27, 2016 5:28 PM EDTKraton Performance Polymers (NYSE: KRA) reported Q1 EPS of $0.80, $0.25 better than the analyst estimate of $0.55. Revenue for the quarter came in at $419.9 million versus the consensus estimate of $463.13 million.
"Kraton's first quarter 2016 results reflect solid business performance and continued execution against our stated strategic objectives. Our first quarter 2016 Adjusted EBITDA of $93 million includes $52 million of Adjusted EBITDA from our Polymer segment and $41 million from our newly-acquired Chemical segment," said Kevin M. Fogarty, Kraton's President and Chief Executive Officer. "Building upon the good business momentum we saw in... More
