Kraton Performance Polymers (KRA) Misses Q4 EPS by 4c

Go back to Kraton Performance Polymers (KRA) Misses Q4 EPS by 4c

Kraton Corporation Announces Fourth Quarter and Full Year 2016 Results

February 27, 2017 5:21 PM EST

HOUSTON, Feb. 27, 2017 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products, announces financial results for the quarter and year ended December 31, 2016.

2016 FOURTH QUARTER AND FULL YEAR SUMMARY

Exceeded the previously announced target for integration synergies, delivering $37 million of the $65 million total synergies expected by 2018. Delivered an incremental $12 million of cost reductions in the Polymer segment, for an aggregate $31 million as part of our previously announced $70 million cost reset... More