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Markets :: Engineering Plastics :: High-temperature polymers

Kraton Posts Strong Third-Quarter Results

8:21 AM MDT | November 2, 2011 | Lindsey Bewley

Kraton Performance Polymers reported third-quarter net income of $43 million, up 54% from the year-ago period, on sales up 20%, to $402 million. Adjusted Ebitda was $71 million up 31% from the third-quarter of 2010.   "Although prices for raw materials such as butadiene continued to increase throughout much of the third quarter of 2011, Kraton again delivered strong financial results, reporting the second highest Adjusted EBITDA in the company's history," says Kevin Fogarty, president and CEO of Kraton. “During the third quarter the pace of...

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