Kraton Corporation (KRA) Tops Q2 EPS by 25c
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Kraton Corporation Announces Second Quarter 2020 Results
July 29, 2020 4:45 PM EDTHOUSTON, July 29, 2020 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces financial results for the quarter ended June 30, 2020.
SECOND QUARTER 2020 SUMMARY
Strong Adjusted EBITDA result despite weaker demand environment associated with COVID-19. Second quarter consolidated net loss of $7.1 million, compared to consolidated net income of $43.4 million in the second quarter of 2019. Second quarter consolidated Adjusted EBITDA(1) of $69.5 million, down 31.9% compared to the second quarter of 2019. Polymer segment operating... More