Login

Kraton Corp

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Feb 24, 2022. Its latest SEC filing is a SC 13G/A from Feb 10, 2023.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Makes specialty polymers and pine-based chemicals for manufacturers of adhesives, personal-care products, and paving and roofing materials.

How Did They Make Money?

Customers generally pay at or shortly after the sale of products, which usually ship with title transferring to the customer. Under the DL Chemical rubber supply agreement, revenue follows product sales on a volume-based schedule.

FY2021 revenue

Who Were Their Customers?

Sells through a direct sales force, marketing representatives, and distributors. Its polymers and pine-derived chemicals go to manufacturers serving adhesives, personal care, paving and roofing, tire, and other industrial markets.

Did Revenues Turn Into Profits?

Yes. It kept 9 cents of every revenue dollar as net income in FY2021 and turned 4 cents into free cash flow.

Operating income, FY2021
13% of revenue
▲ Now profitable vs FY2020 (−$331.6M, −21%)
Net income, FY2021
9% of revenue
▲ Now profitable vs FY2020 (−$225.6M, −14%)
Free cash flow, FY2021
4% of revenue
▲ +4% vs FY2020 ($77.4M, 5%)

How Were They Changing?

Since the FY2021 annual report
  • Mar 15, 2022 DL Chemical completed its acquisition of Kraton Kraton became DL Chemical's wholly owned subsidiary; Marcello Boldrini and Holger Jung became co-CEOs.

Held flat. Revenue was $2B in FY2021, about the same as the $2B of FY2017.

Cariflex business The older report lists Cariflex as a product group and describes IR and IRL sales. The latest report no longer lists Cariflex as an active product group and describes IR supplied to DL Chemical under an agreement.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support