Kraton Corporation Announces Third Quarter 2021 Results

Third quarter 2021 results for the Polymer segment reflect a 9.2% increase in sales volume, compared to the year-ago quarter. Specialty Polymers sales volume was up 17.2% versus the third quarter of 2020, benefiting from continued recovery in global demand and higher sales into lubricant additive applications, principally due to the timing of sales. Sales volume for Performance Products was up 6.4% compared to the third quarter of 2020, driven by higher sales into consumer and adhesive applications. As previously discussed, while unit margins have been adversely impacted by increases in raw material and energy costs, this largely reflects the lag effect associated with realization of price increases. As such, we view the margin pressures as transitory, and we expect unit margins and segment profitability to continue to benefit from ongoing implementation of further price increases