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People & Business :: Earnings/Finance
Kraton's Earnings Tumble on Lower Sales and Volumes
9:42 AM MDT | August 1, 2012 | Lindsey Bewley
Kraton Performance Polymers reported second-quarter net income of $12 million (38 cts/share), down 75% from the year-ago quarter, on sales volumes down 6%, to 77,000 m.t. Sales fell 3%, to $376 million, including a $26 million decline from changes in foreign currency. “Our sales volume in the second quarter was impacted by a number of factors including a late start to the North American paving season; wet weather in Europe, which had an adverse effect on roofing activity; continued volatility in raw material prices, which was reflected in purchase...
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