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Markets :: Basic Chemicals :: Petrochemicals :: Butadiene
Kraton earnings fall YOY
8:15 AM MDT | May 3, 2013 | Clay Boswell
Kraton Performance Polymers (Houston) on Wednesday reported adjusted earnings per share of 7 cts/share, down 86% year-over-year (YOY) and well below the analyst consensus estimate of 28 cts/share. Revenue for the quarter fell 17% YOY to $340 million. Sales volume fell 13% YOY to 78,000 tons. Kraton attributed the substantial declines in volume and revenue to unusually heavy demand in the year-ago period, the result of a butadiene-driven destocking in the fourth quarter of 2011. Pre-buying for the second quarter spurred by rapidly rising prices and an early...
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