Kraton Corporation (KRA) Tops Q3 EPS by 53c

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Go back to Kraton Corporation (KRA) Tops Q3 EPS by 53c

Kraton Corporation Announces Third Quarter 2020 Results

October 28, 2020 4:30 PM EDT

HOUSTON, Oct. 28, 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 September 30, 2020.

THIRD QUARTER 2020 SUMMARY

Results reflect improved sequential demand fundamentals in many end markets, resulting in favorable sales volume growth relative to the third quarter of 2019. Consolidated net loss of $402.6 million, compared to consolidated net income of $20.9 million in the third quarter of 2019. The results include a non-cash goodwill impairment charge of $400.0 million within the... More