Kraton reports strong growth in Q3

ERJ staff report (DS)

Houston, Texas -- Kraton Performance Polymers, Inc. has announced financial results for the three months ended 30 September, 2010.

Sales revenues increased 24 percent year-on-year to $335 million. Net income was $28 million, up $6 million from $22 million in the third quarter 2009. Adjusted EBITDA was $55 million, reflecting a margin of 16 percent of revenues

"Our results for the third quarter reflect solid operational execution and good progress in developing our innovation platforms," said Kevin M. Fogarty, President and Chief Executive Officer. " We also made great progress on several ongoing initiatives that are positioning Kraton for future growth, including the debottlenecking of our isoprene rubber latex capacity at our Paulinia, Brazil, site and our evaluation of options for a proposed addition to our hydrogenated styrenic block copolymer capacity," added Fogarty.

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Press release from Kraton