Kraton Performance Polymers Earnings: Everything You Must Know Now

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Kraton Performance Polymers Inc. (NYSE:KRA) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Kraton Performance Polymers Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 86% to $0.07 in the quarter versus EPS of $0.50 in the year-earlier quarter.

Revenue: Decreased 16.7% to $340.11 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kraton Performance Polymers Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company missed the mean analyst estimate of $0.28. It missed the average revenue estimate of $363.22 million.

Quoting Management: “Our first quarter 2013 sales volume was 78 kilotons, an increase of 16% compared to the fourth quarter 2012, but down 13% from the record 90 kilotons we reported in the first quarter 2012. Sales volume in Q1 2012 was atypical, particularly in our Paving & Roofing end use, in which demand reflected aggressive building of inventories following the butadiene-driven destocking in the fourth quarter of 2011, a rapid increase in butadiene prices, which were up over 50% from December 2011 to April 2012, and an early start to the paving season due to favorable weather,” said Kevin M. Fogarty, Kraton’s President and Chief Executive Officer.

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