Kraton Corporation (KRA) Tops Q3 EPS by 53c
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Kraton Corporation Announces Third Quarter 2020 Results
October 28, 2020 4:30 PM EDTHOUSTON, 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