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Kraton Corp (KRA.N)

KRA.N on New York Stock Exchange

50.81USD
19 Jan 2018
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$0.95 (+1.91%)
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Latest Key Developments (Source: Significant Developments)

Kraton Corporation reports Q3 revenue $510.9 mln
Tuesday, 24 Oct 2017 04:05pm EDT 

Oct 24 (Reuters) - Kraton Corp :Kraton Corporation announces third quarter 2017 results.Q3 revenue $510.9 million versus I/B/E/S view $481.8 million.Kraton Corp - qtrly ‍diluted loss per share $0.13​.Kraton Corp - qtrly ‍adjusted diluted earnings per share $1.51​.Kraton Corp - ‍ as of Sept 30th, co achieved $65 million synergy goal related to acquisition of chemical segment ahead of original year-end 2018 target​.Kraton Corp - ‍now expect to realize about $50 million of $70 million cost reset goal by year-end 2017, expect full $70 million run rate to be achieved in 2018​.  Full Article

Kraton Corp enters fourth amendment to Credit and Guarantee Agreement ‍dated Jan 6, 2016​
Thursday, 17 Aug 2017 11:23am EDT 

Aug 17 (Reuters) - Kraton Corp ::Says on Aug 16, 2017, Kraton, certain of co's units, entered into fourth amendment to Credit and Guarantee Agreement ‍dated as of Jan 6, 2016​.Says ‍maturity date of term loan facility remained unchanged and each tranche of term loans will mature on January 6, 2022​ - SEC filing.  Full Article

Kraton to initiate euro-denominated term loan and reprice existing term loan
Thursday, 27 Jul 2017 06:45am EDT 

July 27 (Reuters) - Kraton Corp :Kraton corporation announces intent to initiate euro-denominated term loan and reprice existing term loan.Kraton corp - units enter into fourth amendment to credit and guarantee agreement amending credit and guarantee agreement, dated as of january 6, 2016.Kraton corp - company intends to borrow a new tranche of term loans denominated in euros in an aggregate principal amount equal to eur 220 million.Kraton corp - plans to use proceeds from euro tranche borrowings to pay down a portion of existing u.s. Dollar denominated term loans.Kraton corp - as a result of new euro tranche and repricing of usd tranche company expects to generate savings in interest expense annually.Kraton corp - simultaneously with pay down of usd tranche, company intends to reprice then-outstanding usd tranche.  Full Article

Kraton Corporation Q2 earnings per share $0.81
Wednesday, 26 Jul 2017 04:08pm EDT 

July 26 (Reuters) - Kraton Corp :Kraton Corporation announces second quarter 2017 results.Q2 revenue $525.3 million versus I/B/E/S view $506.6 million.Expect full realization of $65 million of transaction synergies by year-end 2017.Kraton Corp - ‍expect full realization of $65 million of transaction synergies by year-end 2017​.Qtrly earnings per share $0.81.Kraton Corp - ‍remain on track to reduce kraton net debt by $100 million to $150 million in 2017​.Qtrly adjusted earnings per share $0.82."remain on track to deliver our planned $70 million of cost reductions for polymer segment by year-end 2018".  Full Article

Kraton Corp reports Q1 earnings per share $0.20
Wednesday, 26 Apr 2017 04:30pm EDT 

April 26 (Reuters) - Kraton Corp -:Kraton Corporation announces first quarter 2017 results.Kraton Corp qtrly diluted earnings per share $0.20.Kraton Corp qtrly adjusted loss per share $0.15.Q1 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S.Kraton corp qtrly revenue $458.1 million versus $419.9 million.Kraton Corp- continue to estimate 2017 adjusted ebitda will be approximately $350 million ,we expect to reduce net indebtedness by $100-$150 million in 2017.Kraton Corp - expect that for balance of 2017, will deliver an additional $27 million in cost reductions towards 2018 target of $135 million.Kraton Corp - currently estimate that results in q2 2017 will reflect a positive spread between fifo and ecrc of approximately $10 million.Q1 revenue view $487.2 million -- Thomson Reuters I/B/E/S.  Full Article

Jacobs engineering group says got 4-year contract extension from Kraton
Tuesday, 25 Apr 2017 07:45am EDT 

April 25 (Reuters) - Jacobs Engineering Group Inc :Kraton awards Jacobs maintenance and product handling and packaging contract.Jacobs engineering group-got 4-year contract extension from kraton for maintenance, product handling, packaging services at Kraton's belpre, ohio facility.  Full Article

Kraton Corp announces proposed private offering of $400 mln in aggregate principal amount of senior notes due 2025
Wednesday, 15 Mar 2017 04:41pm EDT 

Kraton Corp : Kraton Corporation announces proposed private offering of $400 million in aggregate principal amount of senior notes due 2025 . Kraton - intends to use net proceeds from offering to repay a portion of outstanding borrowings under its existing senior secured term loan facility .Kraton Corp - units intend to offer $400 million in aggregate principal amount of senior notes due 2025.  Full Article

Kraton Corp announces qtrly loss per share $ 0.12
Monday, 27 Feb 2017 05:20pm EST 

Kraton Corp : Kraton Corporation announces fourth quarter and full year 2016 results . Qtrly loss per share $ 0.12 . Qtrly adjusted earnings per share $0.29 . Kraton Corp- currently expect q1 2017 adjusted EBITDA to be $60-$65 million . Qtrly revenue $ 415.4 million versus $ 248.3 million . Kraton Corp- currently expect to reduce net indebtedness by an additional $100-$150 million in 2017 .Q4 earnings per share view $0.33, revenue view $465.8 million -- Thomson Reuters I/B/E/S.  Full Article

Kraton Corporation announces third quarter results
Wednesday, 26 Oct 2016 05:47pm EDT 

Kraton Corp : Kraton Corporation announces third quarter 2016 results . Q3 adjusted non-GAAP earnings per share $0.63 . Q3 earnings per share $0.49 . Q3 revenue $454.1 million versus I/B/E/S view $454 million . Q3 earnings per share view $0.70 -- Thomson Reuters I/B/E/S . Kraton Corp - now expect Q4 2016 adjusted EBITDA to be in low $80 million range, resulting in full-year 2016 adjusted EBITDA of approximately $360 million . Kraton Corp - Q3 2016 results were below expectations primarily due to weaker than anticipated margins and volumes for sales into adhesive applications . Kraton Corp - Expect Kraton net debt to be approximately $1.6 billion at December 31, 2016 . Kraton Corp - Remain committed to goal of delivering a $500 million reduction in Kraton net debt by December 31, 2018 . Kraton Corp - Currently estimate that results in Q4 2016 will reflect a positive spread between FIFO and ECRC of approximately $5.0 million .Kraton Corp - Still expect to deliver $70 million of cost reductions and $65 million of transaction synergies by year-end 2018.  Full Article

Kraton Performance Polymers Inc Q2 earnings per share $0.24
Wednesday, 27 Jul 2016 06:40pm EDT 

Kraton Performance Polymers Inc : Kraton Performance Polymers Inc. announces second quarter 2016 results . Q2 adjusted non-gaap earnings per share $0.63 . Q2 earnings per share $0.24 . Q2 revenue $454.6 million versus I/B/E/S view $445.1 million . Q2 earnings per share view $0.70 -- Thomson Reuters I/B/E/S .Says modifying 2016 adjusted EBITDA range to $370 - $380 million from earlier guidance of $370 - $390 million.  Full Article

BRIEF-Kraton Corporation reports Q3 revenue $510.9 mln

* Q3 revenue $510.9 million versus I/B/E/S view $481.8 million