Last $20.84 USD
Change Today +0.01 / 0.05%
Volume 56.7K
KRA On Other Exchanges
Symbol
Exchange
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

kraton performance polymers (KRA) Snapshot

Open
$20.80
Previous Close
$20.83
Day High
$20.98
Day Low
$20.61
52 Week High
02/27/14 - $28.87
52 Week Low
10/15/14 - $15.52
Market Cap
684.2M
Average Volume 10 Days
269.1K
EPS TTM
$1.11
Shares Outstanding
32.8M
EX-Date
--
P/E TM
18.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for KRATON PERFORMANCE POLYMERS (KRA)

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kraton performance polymers (KRA) Details

Kraton Performance Polymers, Inc. manufactures and markets styrenic block copolymers (SBCs) and other engineered polymers worldwide. The company offers highly-engineered synthetic elastomers that enhance the performance of various end use products. It also provides isoprene rubber products for use in the production of medical products, adhesives, tackifiers, paints, coatings, and photo-resistors; and isoprene rubber latex, a substitute for natural rubber latex that is used in medical, healthcare, personal care, and food contact operations. In addition, the company is involved in the development and commercialization of polyvinyl chloride alternatives for wire, cable, and medical applications; polymers and compounds for soft skin and coated fabric applications for transportation and consumer markets; membrane polymers for water filtration, heating, ventilation, air conditioning, and breathable fabrics; and synthetic cement formulations and other oilfield applications. Further, it offers core commercial grades of SBCs; un-hydrogenated SBCs, which are primarily used in paving and roofing, adhesives, and sealants and coatings, as well as footwear applications; hydrogenated SBCs, which are used in soft touch and flexible materials, personal hygiene products, medical products, automotive components, and adhesives and sealant applications; and compounds, other polymers, resins, oils, or fillers that are used in various consumer and industrial applications. Kraton Performance Polymers, Inc. markets its products through various channels, including direct sales force, marketing representatives, and distributors under the Kraton, Elexar, Giving Innovators Their Edge, NEXAR, and Cariflex brands. The company was formerly known as Polymer Holdings LLC and changed its name to Kraton Performance Polymers, Inc. in December 2009. Kraton Performance Polymers, Inc. is based in Houston, Texas.

936 Employees
Last Reported Date: 02/27/14

kraton performance polymers (KRA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $783.8K
Chief Financial Officer and Vice President
Total Annual Compensation: $413.8K
Vice President of Operations
Total Annual Compensation: $315.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $300.0K
Vice President of Technology
Total Annual Compensation: $334.8K
Compensation as of Fiscal Year 2013.

kraton performance polymers (KRA) Key Developments

Kraton Performance Polymers Inc. Presents at 2014 US Basic Materials Conference, Dec-10-2014

Kraton Performance Polymers Inc. Presents at 2014 US Basic Materials Conference, Dec-10-2014 . Venue: Four Seasons, Boston, Massachusetts, United States. Speakers: H. Gene Shiels, Director of Investor Relations, Stephen E. Tremblay, Chief Financial Officer and Vice President.

Kraton Performance Polymers Inc. Announces Executive Changes, Effective December 15, 2014

G. Scott Lee, Vice President – Operations of Kraton Performance Polymers Inc. and a named executive officer, is leaving the company pursuant to the mutual agreement of Mr. Lee and the company. Following a transition period, Mr. Lee will leave the company in the first quarter 2015. Stephen W. Duffy, Vice President, General Counsel and Secretary of the company is leaving such position with company effective December 15, 2014 pursuant to the mutual agreement of Mr. Duffy and the company. Mr. Duffy will remain in the employ of the company through a transition period ending in the first quarter 2015. James L. Simmons will assume the position of Vice President, General Counsel and Secretary on December 16, 2014. Mr. Simmons joined the company in January 2010, assuming roles of increasing responsibility, including most recently the position of Deputy General Counsel. Prior to his appointment, from 2004 to 2010, Mr. Simmons served in a number of roles in the legal department of HCC Insurance Holdings Inc., including as Vice President & Corporate Secretary.

Kraton Performance Polymers Inc. Announces Unaudited Consolidated Operating Results for the Third Quarter and Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for the Year 2014

Kraton Performance Polymers Inc. announced unaudited consolidated operating results for the third quarter and earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company revenue was $318,971,000 compared to $327,109,000 for the same period a year ago. Income before income taxes was $17,439,000 compared to loss before income taxes of $3,831,000 for the same period a year ago. Consolidated net income was $16,317,000 compared to consolidated net loss of $5,852,000 for the same period a year ago. Net income attributable to the company was $16,615,000 or $0.50 per diluted share compared to net loss attributable to the company of $5,598,000 or $0.17 per diluted share for the same period a year ago. EBITDA was $40,090,000 compared to $17,724,000 for the same period a year ago. Adjusted EBITDA was $39,417,000 compared to $44,754,000 for the same period a year ago. While third quarter 2014 adjusted EBITDA decreased year-on-year in large part due to the weakness in European Paving and Roofing markets. Adjusted net income attributable to the company was $11.6 million, or $0.35 per diluted share, compared to $19.6 million, or $0.60 per diluted share, in the third quarter 2013. In the third quarter 2014 and 2013, cash provided by operating activities totaled $32.8 million and $62.5 million, respectively. The decline in operating cash flow in the third quarter 2014 compared to the third quarter 2013 was primarily the result of changes in raw material costs and the timing of cash receipts and disbursements. Third quarter 2014 CapEx was $29 million, this includes $11.3 million of CapEx at the JV. For the nine months, the company reported revenue was $954,394,000 compared to $1,001,759,000 for the same period a year ago. Income before income taxes was $22,396,000 compared to loss before income taxes of $1,327,000 for the same period a year ago. Consolidated net income was $18,991,000 compared to consolidated net loss of $5,699,000 for the same period a year ago. Net income attributable to the company was $19,849,000 or $0.60 per diluted share compared to net loss attributable to the company of $5,517,000 or $0.17 per diluted share for the same period a year ago. Net cash used in operating activities was $18,777,000 compared to net cash provided by operating activities of $58,087,000 for the same period a year ago. Kraton purchase of property, plant and equipment was $47,539,000 compared to $49,638,000 for the same period a year ago. KFPC purchase of property, plant and equipment was $33,807,000 compared to $8,284,000 for the same period a year ago. Purchase of software and other intangibles were $2,724,000 compared to $3,106,000 for the same period a year ago. EBITDA was $90,693,000 compared to $70,274,000 for the same period a year ago. Adjusted EBITDA was $115,491,000 compared to $105,905,000 for the same period a year ago. Adjusted net income attributable to the company was $33.49 million, or $1.01 per diluted share, compared to $29.49 million, or $0.90 per diluted share, in the third quarter 2013. The increase in adjusted EPS largely reflects the aforementioned expansion in adjusted gross profit in 2014 compared to the first nine months of 2013. Net debt as of September 30, 2014 was $311.6 million. And on a year-to-date basis, CapEx was $84.1 million. This again includes $33.8 million of CapEx in the KFPC joint venture. Third quarter 2014 sales volume was 80.7 kilotons and this was down 2.8 kilotons, or 3.4%, compared to the third quarter of 2013. Cariflex's sales volume was up 48% compared to the third quarter 2013, and ASE volume was up nearly 5%. However, sales volume in Paving and Roofing end use was down 14% with the majority of that decline driven by lower sales volume in European Paving and Roofing markets. Largely as a result of the weakness in European paving and roofing market in the third quarter of 2013, the company is revising its full-year 2014 Adjusted EBITDA estimate, which excludes the spread between FIFO and ECRC, to a range of $147.0 to $150.0 million. Depreciation expense for 2014 is expected to be $67 million. This represents an increase of about $1 million from prior year estimates. The company continues to expect 2014 interest to be $25 million.

 

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TEV/Sales 0.2x
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