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...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee