Kraton Corporation Announces First Quarter 2019 Results
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Kraton Corporation (KRA) Tops Q1 EPS by 23c, Revenues Miss
April 24, 2019 4:27 PM EDTKraton Corporation (NYSE: KRA) reported Q1 EPS of $0.88, $0.23 better than the analyst estimate of $0.65. Revenue for the quarter came in at $456.11 million versus the consensus estimate of $491.64 million.
"First quarter 2019 consolidated Adjusted EBITDA of $89.4 million reflects improved margins and profitability in our Polymer segment, compared to the first quarter 2018, and stable unit margins in our Chemical segment as we worked to return to full operational capability at our Panama City, Florida, site," said Kevin M. Fogarty, Kraton's President and Chief Executive Officer. "Polymer segment Adjusted EBITDA of $48.2 million for the first quarter 2019 was... More
