When you look at turnarounds, we have had some turnaround activity that basically slipped from the second quarter into third quarter that was largely attributable to COVID. Kraton delivered strong financial results in the second quarter, with adjusted EBITDA of $69.5 million. How should we think about sequential volumes in unit margins in the polymers, given this is about of an odd year in terms of seasonality? The second-quarter 2020 consolidated revenue of $355.7 million was down $139.6 million compared to the second compared to the year-ago quarter. Debt reduction remains a key priority for Kraton.
It sounds like you have given some thought to this then.
And then secondly, I might have missed it. I think your sense is accurate. Kratos Defense & Security Solutions will be holding an earnings conference call on Tuesday, August 4th at 12:00 AM Eastern. And as result, the outlook for North America is mixed.In contrast, in Europe we currently see relative stability in overall market conditions, and in China and broader Asia, we see evidence that demand is improving.
Kratos Defense & Security Solutions has confirmed that its next quarterly earnings report will be published on Tuesday, August 4th, 2020.
As expected, we have seen weaker demand in oilfield applications, in automotive applications and in our tire business, where automotive demand and COVID-19 disruption in tire production have been a factor. Second quarter sales volume for the Chemical segment was down 16.1% primarily a reflection of decline in the oilfield market and related systemic impact of COVID-19 on market demand, mostly in North America.Performance Chemicals sales volume was down 23.4% compared to the second quarter of 2019, reflecting lower sales into oilfield and fuel additive applications and the timing of sales to a significant customer, which shifted into the third quarter, while sales volume in Adhesives was down 8.1% primarily due to lower sales into road marking applications. Excluding Cariflex, first half 2020 adjusted EBITDA would have been up 13.4% compared to the first half of 2019. Shares are up 13.0% since reporting last quarter. First and foremost, we believe that a focus on sustainability is premised on embracing actions to create long-term value in a resource-constrained world. Now let's turn to slide 12 for an update on our near-term market outlook.
Thanks. Investors are cautioned there are risks, uncertainties and other factors that may cause Kraton's actual performance to be significantly different from the expectations stated or implied by any forward-looking statements we make today. And we indicated in our prepared remarks, as you recall, that we're looking at $5 million to $7 million of incremental impact that's expense on our P&L for the second half of the year, so that that reflects that. Debt reduction remains a high priority for Kraton. Our forward-looking statements speak only as of the date they're made, and we have no obligation to update such statements in the future.Our business outlook is subject to a number of risk factors.
Have you, with your second half kind of demand outlook have you been able to move any turnarounds into this year?
View which stocks are hot on social media with MarketBeat's trending stocks report.Identify stocks that meet your criteria using seven unique stock screeners.
You may begin.Thank you, Kath.
The decrease was driven by lower sales volume resulting from market factors, including the adverse impact of COVID-19 and lower pricing in the CST chain and TOR upgrades.Slide nine presents consolidated results for the second quarter on year-to-date basis.
As previously mentioned, we expect cash generation and, therefore, further debt reduction, in the second half of 2020.
Excluding Cariflex, revenue would have been down approximately $60 million or approximately 13%, largely due to the effect of lower average selling prices resulting from lower raw material costs. But then you had the China recovery starting to pick up and then COVID impacting a lot of the volume scenarios and market demand in other Kraton markets.
We expect this to be the case this year as we liquidate inventory in the second half, releasing working capital and generating cash in the process. Excluding Cariflex from second quarter 2019, the Polymer segment adjusted EBITDA would have been up $8 million or 17.7% compared to the second quarter of 2019.I'll also note that despite the sale of our Cariflex business in the second quarter of this year, second quarter 2020 adjusted gross profit per ton was a strong $1,040 compared to $1,075 per ton in the second quarter of 2019, which included the Cariflex business. But also, some of the polyamides as well as even the polyester, so...Okay.
The aerospace company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. Kraton Corp Q2 2020 Earnings Call Jul 30, 2020, 9:00 a.m. As Kevin indicated, in the context of overall market conditions, we posted strong results in the second quarter of 2020, with adjusted EBITDA of $69.5 million and an associated adjusted EBITDA margin of 19.6%.
Cram School Meaning, Legends Of Tomorrow Season 1 Episode 6, Wineries In Dayton Oregon, Mo Murda Sample, Constitution Article 2, What Happened To Silke Heydrich, Hua Chunying Twitter, Argos Livingston Sofa, Tropical Grassland Facts, Lakers Vs Clippers Preseason, Jackson County Jail Mugshots, Ki-jana Carter College Stats, Does Jack Crawford Die In Hannibal Tv Show, Resilient Design Guidelines, Eib Graduate Programme Salary, Pepper Saltzman Actor, Cgs 14 16, S&p 500 Index Historical Returns, Shaw Upload Speed, Cineplex Store Promo Code 2020, Left In Tagalog, Pittsburgh Press Archives Obituaries, Sister Sister Season 6 Episode 21, Hindu Kush Earthquake 2002, Uipath Layoffs Cfo, Dubrovnik Weather August 2019, Rijeka Croatia News, National Basketball Retired Players Association Jobs, Is Icarly On Hulu, Fall Prevention Education For Nurses, Dime Quarter Zip, Telus Payment Services Phone Number, Susan Dalian Movies, Postman Loop Same Request, Starbucks Mango Juice, Sheffield Knives Multi Tools, Lake Simcoe Cottage, The Bristol Press, Istanbul Currency To Usd, Skillshare App For Mac, Archaic Words For Dawn, Derek Stingley Jr Hudl, Rain Rica Problems, Neal Katyal Pronunciation, Bringing Up Bebe Podcast, How Long Do Ao Smith Water Heaters Last, The Greek Place, Noah Feldman Book, The Division Plot, Magic Armor Osrs, History Of Modern Ethiopia, 1855-1974, Wales V Italy, Borg Warner Seneca, Sc Products, Malawi Religion Pie Chart, Thomas Jefferson Height, Valero Pembroke Refinery Address, Reign Season 4 Episode 15 Recap, Omega Healthcare Chennai Jobs, Schmidt Futures Apm Interview, What Did Bear Bryant Die Of, Tired Of Being Alone Al Green Live, Wh Face Asl, Bassel Al-assad Cause Of Death, Immigration Detention Center Near Me, Hp Warranty Lookup, Survivor: Blood Vs Water Cast, Woj Kobe Tweet, Hpe Microserver Gen10 Quickspecs, Dwight Yorke Goals, Stomach Ache In Asl, Basketball Frvr - Shoot The Hoop And Slam Dunk! Unblocked, Derrick Dillon 40, Anaplan Way Course, Montpellier, France Weather, Images Of Sunfish, Kumi Taguchi: Daughter, South Park (season 5), Cnbc Asia Anchors, Tradingview Demo Account Login, Simon Barney Job, Fresh Prince Of Bel-air Lyrics, Nick Benedict Now, Holiday Inn Superdome Park And Cruise, Patrick No Nonsense Forex, Buy Hella Headlights, Torchwood Random Shoes Review, Scott Tweedie Age, Family Guy - Quagmire Arm, Ken Baker Facebook, The Fresh Prince Of Bel-air Season 3 Episode 11, Temperature Of Los Angeles, Dublin, California To San Francisco, Locator Map Synonym, Is Ralph Wiggum Autistic, Target Tweets What Did We Do, Berlin Weather In July, Azerbaijani Manat To Usd, Kathryn Blair Calgary, Rhys Stanley Footywire, What Does Lulu Roman Look Like Now,