Kraton Corporation (KRA) Misses Q3 EPS by 27c, Offers Outlook

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Go back to Kraton Corporation (KRA) Misses Q3 EPS by 27c, Offers Outlook

Kraton Corporation Announces Third Quarter 2018 Results

October 24, 2018 4:20 PM EDT

HOUSTON, Oct. 24, 2018 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global specialty chemicals company that manufactures styrenic block copolymers ("SBCs"), specialty polymers, and high-value performance products primarily derived from pine wood pulping co-products, announces financial results for the quarter ended September 30, 2018.

THIRD QUARTER 2018 SUMMARY

Third quarter consolidated net income of $42.3 million compared to net loss of $4.0 million in the third quarter of 2017. Third quarter Adjusted EBITDA(1) of $98.7 million, down 18.9% compared to the third quarter of 2017. Polymer segment operating income of $44.9 million, up 139.7%, and Adjusted... More