A. Schulman Reports Strong Fiscal 2012 Fourth-Quarter And Full-Year Results; Projects Higher Earnings In Fiscal 2013

 A. Schulman Reports Strong Fiscal 2012 Fourth-Quarter And Full-Year Results;
                   Projects Higher Earnings In Fiscal 2013

PR Newswire

AKRON, Ohio, Oct. 24, 2012

AKRON, Ohio, Oct. 24, 2012 /PRNewswire/ --

  oFull-year fiscal 2012 net income was $50.9 million, or $1.72 per diluted
    share; excluding certain items, net income was $61.0 million, or $2.06 per
    diluted share, an increase of 10.8% compared with last year
  oNet income for the quarter was $11.2 million, or $0.38 per diluted share;
    excluding certain items, net income was $14.1 million, or $0.48 per
    diluted share, compared with $15.0 million, or $0.49 per diluted share,
    for the prior-year period
  oCompany expects full-year fiscal 2013 net income, excluding certain items,
    to be in the range of $2.14 to $2.19 per diluted share

A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today earnings for the full
fiscal year and fourth quarter ended August 31, 2012. The Company reported
full-year net income of $50.9 million, or $1.72 per diluted share, compared
with $41.0 million, or $1.32 per diluted share, last year. Excluding certain
items, net income for the year was $61.0 million, or $2.06 per diluted share,
compared with $58.0 million, or $1.86 per diluted share, for the prior year.
The translation effect of foreign currencies negatively impacted net income
for the year by $3.6 million, or $0.12 per share, on a non-GAAP basis.

For the fourth quarter, the Company reported net income of $11.2 million, or
$0.38 per diluted share, compared with net income of $5.9 million, or $0.19
per diluted share, for the comparable period last year. Excluding certain
items, net income for the quarter was $14.1 million, or $0.48 per diluted
share, compared with $15.0 million, or $0.49 per diluted share, for the
prior-year period. The translation effect of foreign currencies negatively
impacted net income for the quarter by $1.7 million, or $0.06 per share, on a
non-GAAP basis.

Fiscal 2012 net sales were $2.1 billion compared with $2.2 billion for fiscal
2011. Excluding the impact of foreign currency, net sales for fiscal 2012
were consistent with the prior-year levels despite a volume decrease of 7.0%.

Net sales for the fiscal 2012 fourth quarter were $524.4 million compared with
$578.1 million for the same period last year. Net sales declined by $53.7
million, or 9.3%. Volume declined 3.7% in the quarter compared with the same
quarter last year. Excluding the translation effect of foreign currencies, net
sales increased by $3.7 million in the fourth quarter compared with the same
period last year.

"The outstanding performance of the Americas and Asia Pacific regions, coupled
with the dedicated efforts of our European team,allowed us to overcome the
major challenge of the European economy. The collective commitment of our
global team enabled us to overcome difficult macroeconomic conditions as we
continue to improve net income, operating profit per pound, cash flow from
operations and earnings per share," said Joseph M. Gingo, Chairman, President
and Chief Executive Officer. "This marks the third consecutive year of
adjusted earnings growth, and demonstrates the strength of our team, the
benefit of our strategy and effective cost control. We will continue to focus
on growth opportunities in the Americas and Asia Pacific while maintaining our
leadership position in Europe."

The Company uses the following non-GAAP financial measures of net income
excluding certain items and net income per diluted share excluding certain
items. These financial measures are used by management to monitor and
evaluate the ongoing performance of the Company and to allocate resources.
The Company believes that the additional measures are useful to investors for
financial analysis. However, non-GAAP measures are not in accordance with,
nor are they a substitute for, GAAP measures. Please see the table in this
release for reconciliation of non-GAAP measures to the nearest comparable GAAP
results. Results in the following discussion are presented on a non-GAAP
basis excluding certain items.

Fiscal 2012 gross profit was $278.1 million, a decrease of $8.1 million
compared with last year. Excluding the foreign currency impact, gross profit
increased $5.4 million, compared with last year, primarily as a result of
successful restructuring initiatives and increased sales of niche products.
Gross profit for the quarter was $66.8 million, compared with $71.4 million
last year. Excluding the impact of foreign currency translation, gross profit
increased by $2.2 million compared with the year-ago quarter, reflecting the
Company's continual product mix improvement, the benefits of prior
restructuring initiatives, and ongoing efforts to control costs.

The Company's selling, general and administrative (SG&A) expenses for fiscal
2012 decreased $14.0 million compared with the prior year, including a $5.4
million decrease in the fourth quarter compared with the prior-year fourth
quarter. These decreases were primarily attributable to the Company realizing
SG&A expense synergies in connection with the continued integration of
acquisitions, the benefit of successful restructuring initiatives, favorable
foreign currency translation and successful cost control efforts.
Additionally, the fourth quarter of the prior year included a settlement
involving a business relationship.

Europe, Middle East and Africa ("EMEA") – For the full year, net sales in the
EMEA segment were $1.4 billion compared with $1.5 billion in fiscal 2011.
Volume declined by 8.3% on a year-over-year basis. Operating income was $71.8
million, a decline of $14.8 million compared with the prior year. The decrease
was due to the lower gross profit driven by the reduced volume, partially
offset by a $10.6 million decrease in SG&A expenses. SG&A expenses were
reduced as a result of EMEA's successful restructuring initiatives and its
continued aggressive actions to control costs. Foreign currency translation
also contributed to the decline and adversely impacted EMEA operating income
by $4.5 million in fiscal 2012.

In the fiscal 2012 fourth quarter, EMEA net sales were $333.8 million, a
decrease of $60.9 million, or 15.4%, compared with the prior-year period.
Foreign exchange effect negatively impacted net sales by $49.5 million,
accounting for 81% of the fourth-quarter decrease in net sales.

EMEA gross profit was $37.8 million for the quarter, a decrease of $9.0
million compared with the same three-month period last year. Foreign currency
translation negatively impacted EMEA gross profit by $5.6 million or
approximately 62% of the decline.

EMEA segment operating income for the quarter was $13.9 million, a decrease of
$5.9 million compared with the same period last year. Foreign exchange
negatively impacted operating income by $2.2 million or approximately 37% of
the decrease.

The Americas – For the full year, the Americas reported net sales of $558.9
million, an increase of 8.1% from $516.8 million last year. The increase in
net sales was a result of the improved mix in all product families.
Incremental fiscal 2012 net sales of $18.0 million from acquisitions that
closed in fiscal 2011 were almost entirely offset by the negative impact of
foreign currency translation in fiscal 2012.

Operating income for the year ended August 31, 2012 more than doubled to $28.9
million compared with $14.0 million last year. Operating income increased
primarily due to improved gross profit per pound. In addition, SG&A decreased
by $2.3 million primarily related to the prior-year settlement involving a
business relationship. Foreign currency translation negatively impacted
operating income by $1.3 million.

In the fiscal 2012 fourth quarter, net sales for the Americas were $154.2
million, an increase of $9.0 million, or 6.2%, compared with the prior-year
period. The increase in net sales was primarily attributable to improved
product mix in the Company's specialty powders and masterbatch product
families. Foreign currency translation negatively impacted net sales by $7.4
million.

Gross profit for the Americas was $23.5 million in the fiscal 2012 fourth
quarter, an increase of $3.5 million compared with the same period last year.
The increases in gross profit and gross profit per pound for the fourth
quarter of 17.7% and 15.0%, respectively, were primarily in the engineered
plastics product family. The Company was able to increase margins by improving
product mix and implementing operational efficiencies from restructuring
initiatives in the Americas. Foreign currency translation negatively impacted
gross profit by $1.2 million.

Operating income for the Americas for the quarter was $9.5 million compared
with $1.9 million last year. The nearly 400% increase in operating income was
primarily due to improved gross profit per pound and a decrease of $4.1
million in SG&A expenses which included a settlement involving a business
relationship in the fourth quarter of 2011. Foreign currency translation
negatively impacted operating income by $0.4 million.

Asia Pacific ("APAC") – Net sales for APAC for the year ended August 31, 2012
were $144.7 million, an increase of $2.5 million or 1.8% despite a reduction
in volume of 8.1% compared with the prior-year period. The reduction in
volume was primarily attributable to the roto compounding product line as a
result of the prior successful restructuring initiative in Australia and
continued focus on products with higher technical requirements. Partially
offsetting this reduction, the masterbatch and engineered plastics product
families experienced a significant volume increase in higher technical
component products compared with the prior year. Foreign currency translation
favorably impacted net sales by $1.4 million. Gross profit increased to $22.0
million in fiscal 2012, up 27.5% from a year ago, and operating income
increased 81.6% to $10.1 million.

In the fiscal 2012 fourth quarter, net sales for APAC were $36.4 million, a
decrease of $1.7 million or 4.5% compared with the same prior-year period.
Foreign currency translation negatively impacted net sales by $0.5 million.
Gross profit for APAC for the quarter was $5.5 million, an increase of 19.5%
compared with last year.

APAC segment operating income was $2.2 million for the quarter compared with
$1.7 million last year. The 27.8% increase in profitability was principally
due to the increase in gross profit partially offset by a slight increase in
SG&A expenses.

Working Capital/Cash Flow From Operations/Share Repurchase
Working capital was 57 days at the end of the fiscal 2012 compared with 60
days at the end of fiscal 2011. The improvement was attributable to continued
progress of the Company's working capital management process.

Net cash provided from operations was $99.5 million and $68.9 million for
fiscal years 2012 and 2011, respectively, for a combined total of $168.4
million over the two-year period. The improvement of $30.6 million in cash
provided by operations year-over-year was primarily due to the improvements in
earnings and working capital management.

The Company's cash and cash equivalents decreased $31.7 million since August
31, 2011. This decrease was driven primarily by the acquisition of Elian SAS
for $64.9 million in net cash consideration, the repurchase of treasury shares
totaling $26.8 million, expenditures for capital projects of $34.0 million,
and dividend payments of $20.9 million. Combined, these four uses of cash and
cash equivalents totaled $146.6 million, and were partially offset by the net
cash provided by operations.

Business Outlook
"In fiscal 2012, we delivered on our promise to control what we could control
in a tough environment, and I'm pleased with our results. With that said,
we'll aggressively look for ways to continue to deliver value to our
shareholders given expected tepid global growth, at best, in fiscal 2013,"
Gingo said. "Our goal is to drive year-over-year growth in earnings regardless
of the macro climate, and we are focused on delivering this goal in 2013 in
the same way as we executed on this commitment in 2012."

Gingo continued, "Given our execution of prior restructuring activities,
successful integration of strategic acquisitions, internal value-added growth
initiatives and our unwavering commitment to executing on our proven
strategies, we believe we can grow earnings in the face of existing global
economic pressures. Overall, we anticipate that our fiscal 2013 full-year net
income will be in the range of $2.14 to $2.19 per diluted share. However, we
do anticipate pressure in our fiscal 2013 first-quarter results but expect
stronger performance in subsequent quarters compared with the prior year. "

Conference Call on the Web
A live Internet broadcast of A. Schulman's conference call regarding fiscal
2012 fourth-quarter earnings can be accessed at 10:00 a.m. Eastern Time on
Thursday, October 25, 2012, on the Company's website, www.aschulman.com. An
archived replay of the call will also be available on the website.

Investor Presentation Materials
Senior executives of the Company may participate in meetings with analysts and
investors throughout the remainder of this fiscal year. The Company has posted
presentation materials, portions of which may be used during such meetings, in
the Investors section of its website at www.aschulman.com. The presentation
will remain on the website as long as it is in use.

About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance
plastic compounds and resins headquartered in Akron, Ohio. Since 1928, the
Company has been providing innovative solutions to meet its customers'
demanding requirements. The Company's customers span a wide range of markets
such as packaging, mobility, building & construction, electronics &
electrical, agriculture, personal care & hygiene, sports & leisure, custom
services and others. The Company employs approximately 3,100 people and has
34 manufacturing facilities globally. A. Schulman reported net sales of $2.1
billion for the fiscal year ended August 31, 2012. Additional information
about A. Schulman can be found at www.aschulman.com.

Use of Non-GAAP Financial Measures
This release includes certain financial information determined by methods
other than in accordance with accounting principles generally accepted in the
United States ("GAAP"). These non-GAAP financial measures include: net income
excluding certain items and net income per diluted share excluding certain
items. However, non-GAAP measures are not in accordance with, nor are they a
substitute for, GAAP measures, and tables included in this release reconcile
each non-GAAP financial measure with the most directly comparable GAAP
financial measure. The most directly comparable GAAP financial measures for
these purposes are net income and net income per diluted share. The Company's
non-GAAP financial measures are not meant to be considered in isolation or as
a substitute for comparable GAAP financial measures, and should be read only
in conjunction with the Company's consolidated financial statements prepared
in accordance with GAAP.

While the Company believes that these non-GAAP financial measures provide
useful supplemental information to investors, there are very significant
limitations associated with their use. These non-GAAP financial measures are
not prepared in accordance with GAAP, may not be reported by all of the
Company's competitors and may not be directly comparable to similarly titled
measures of the Company's competitors due to potential differences in the
exact method of calculation. The Company compensates for these limitations by
using these non-GAAP financial measures as supplements to GAAP financial
measures and by reviewing the reconciliations of the non-GAAP financial
measures to their most comparable GAAP financial measures.

Cautionary Note on Forward-Looking Statements
A number of the matters discussed in this document that are not historical or
current facts deal with potential future circumstances and developments and
may constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements can be
identified by the fact that they do not relate strictly to historic or current
facts and relate to future events and expectations. Forward-looking statements
contain such words as "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe," and other words and terms of similar meaning in connection
with any discussion of future operating or financial performance.
Forward-looking statements are based on management's current expectations and
include known and unknown risks, uncertainties and other factors, many of
which management is unable to predict or control, that may cause actual
results, performance or achievements to differ materially from those expressed
or implied in the forward-looking statements. Important factors that could
cause actual results to differ materially from those suggested by these
forward-looking statements, and that could adversely affect the Company's
future financial performance, include, but are not limited to, the following:

  oworldwide and regional economic, business and political conditions,
    including continuing economic uncertainties in some or all of the
    Company's major product markets or countries where the Company has
    operations;
  othe effectiveness of the Company's efforts to improve operating margins
    through sales growth, price increases, productivity gains, and improved
    purchasing techniques;
  ocompetitive factors, including intense price competition;
  ofluctuations in the value of currencies in major areas where the Company
    operates;
  ovolatility of prices and availability of the supply of energy and raw
    materials that are critical to the manufacture of the Company's products,
    particularly plastic resins derived from oil and natural gas;
  ochanges in customer demand and requirements;
  oeffectiveness of the Company to achieve the level of cost savings,
    productivity improvements, growth and other benefits anticipated from
    acquisitions, joint ventures and restructuring initiatives;
  oescalation in the cost of providing employee health care;
  ouncertainties regarding the resolution of pending and future litigation
    and other claims;
  othe performance of the global automotive market; and
  ofurther adverse changes in economic or industry conditions, including
    global supply and demand conditions and prices for products.

The risks and uncertainties identified above are not the only risks the
Company faces. Additional risk factors that could affect the Company's
performance are set forth in the Company's Annual Report on Form 10-K for the
fiscal year ended August 31, 2012. In addition, risks and uncertainties not
presently known to the Company or that it believes to be immaterial also may
adversely affect the Company. Should any known or unknown risks or
uncertainties develop into actual events, or underlying assumptions prove
inaccurate, these developments could have material adverse effects on the
Company's business, financial condition and results of operations.

SHLM_ALL



A. SCHULMAN, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
                     Three months ended August 31,  Year ended August 31,
                     2012            2011           2012          2011
                     Unaudited

                     (In thousands, except per share data)
Net sales            $  524,446      $  578,087     $ 2,106,753   $ 2,192,955
Cost of sales        457,663         507,042        1,829,336     1,907,409
Selling, general and
administrative       46,747          52,325         192,439       206,406
expenses
Restructuring        2,471           2,338          9,256         8,117
expense
Asset impairment     806             6,225          3,392         8,150
Curtailment (gains)  —               —              (310)         —
losses
Operating income     16,759          10,157         72,640        62,873
Interest expense     1,845           1,724          8,377         6,453
Interest income      (24)            (331)          (699)         (922)
Foreign currency
transaction (gains)  (324)           197            245           1,595
losses
Other (income)       (138)           354            (1,251)       (1,720)
expense, net
Income before taxes  15,400          8,213          65,968        57,467
Provision (benefit)
for U.S. and foreign 3,852           2,107          13,919        15,782
income taxes
Net income           11,548          6,106          52,049        41,685
Noncontrolling       (312)           (248)          (1,162)       (689)
interests
Net income
attributable to A.   $  11,236       $  5,858       $ 50,887      $ 40,996
Schulman, Inc.
Weighted-average
number of shares
outstanding:
Basic                29,321          30,637         29,389        30,978
Diluted              29,438          30,721         29,549        31,141
Earnings per share
of common stock
attributable to A.
Schulman, Inc.:
Basic                $  0.38         $  0.19        $ 1.73        $ 1.32
Diluted              $  0.38         $  0.19        $ 1.72        $ 1.32
Cash dividends per   $  0.190        $  0.155       $ 0.720       $ 0.620
common share



A. SCHULMAN, INC.
CONSOLIDATED BALANCE SHEETS
                                                    August 31,    August 31,
                                                    2012          2011
                                                    Unaudited

                                                    (In thousands)
ASSETS
Current assets:
Cash and cash equivalents                           $ 124,031     $ 155,753
Accounts receivable, net                            304,698       347,036
Inventories, average cost or market, whichever is   247,222       264,747
lower
Prepaid expenses and other current assets           32,403        34,376
Total current assets                                708,354       801,912
Property, plant and equipment, at cost:
Land and improvements                               28,739        30,826
Buildings and leasehold improvements                156,951       165,267
Machinery and equipment                             363,811       382,828
Furniture and fixtures                              39,404        41,860
Construction in progress                            14,320        12,967
Gross property, plant and equipment                 603,225       633,748
Accumulated depreciation and investment grants of   377,349       399,448
$579 in 2012 and $815 in 2011
Net property, plant and equipment                   225,876       234,300
Other assets:
Deferred charges and other noncurrent assets        41,146        35,947
Goodwill                                            128,353       91,753
Intangible assets, net                              90,038        76,075
Total other assets                                  259,537       203,775
Total assets                                        $ 1,193,767   $ 1,239,987
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable                                    $ 248,069     $ 254,405
U.S. and foreign income taxes payable               4,268         11,072
Accrued payroll, taxes and related benefits         42,275        44,560
Other accrued liabilities                           37,282        50,608
Short-term debt                                     35,411        11,550
Total current liabilities                           367,305       372,195
Long-term debt                                      174,466       184,598
Pension plans                                       92,581        84,673
Other long-term liabilities                         29,324        24,161
Deferred income taxes                               22,402        20,055
Total liabilities                                   686,078       685,682
Commitments and contingencies                       —             —
Stockholders' equity:
Common stock, $1 par value, authorized - 75,000
shares, issued - 47,958 shares in 2012 and 47,816   47,958        47,816
shares in 2011
Additional paid-in capital                          259,253       254,184
Accumulated other comprehensive income (loss)       (5,921)       50,007
Retained earnings                                   571,205       541,256
Treasury stock, at cost, 18,649 shares in 2012 and  (371,099)     (344,759)
17,207 shares in 2011
Total A. Schulman, Inc.'s stockholders' equity      501,396       548,504
Noncontrolling interests                            6,293         5,801
Total equity                                        507,689       554,305
Total liabilities and equity                        $ 1,193,767   $ 1,239,987



A. SCHULMAN, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                        Year ended August 31,
                                                        2012        2011
                                                        Unaudited

                                                        (In thousands)
Operating:
Net income                                              $ 52,049    $ 41,685
Adjustments to reconcile net income to net cash
provided from (used in) operating activities:
Depreciation                                            29,176      32,342
Amortization                                            9,608       7,932
Deferred tax provision                                  (14,733)    1,261
Pension, postretirement benefits and other deferred     10,276      (909)
compensation
Net (gains) losses on asset sales                       —           (140)
Asset impairment                                        3,392       8,150
Curtailment (gains) losses                              (310)       —
Changes in assets and liabilities, net of acquisitions:
Accounts receivable                                     16,788      (28,564)
Inventories                                             (6,222)     (27,269)
Accounts payable                                        9,584       32,803
Income taxes                                            (4,832)     9,052
Accrued payroll and other accrued liabilities           (11,563)    (1,463)
Other assets and long-term liabilities                  6,284       (5,934)
Net cash provided from (used in) operating activities   99,497      68,946
Investing:
Expenditures for property, plant and equipment          (34,003)    (26,359)
Proceeds from the sale of assets                        1,581       10,041
Business acquisitions, net of cash acquired             (64,918)    (15,944)
Net cash provided from (used in) investing activities   (97,340)    (32,262)
Financing:
Cash dividends paid                                     (20,938)    (19,389)
Increase (decrease) in notes payable                    (6,339)     (2,196)
Borrowings on revolving credit facilities               188,730     250,268
Repayments on revolving credit facilities               (155,669)   (218,768)
Repayments on long-term debt                            (3,552)     (115)
Payment of debt issuance costs                          —           (2,220)
Cash distributions to noncontrolling interests          (580)       (700)
Issuances of stock, common and treasury                 1,347       1,168
Redemptions of common stock                             (382)       (1,043)
Purchases of treasury stock                             (26,752)    (22,154)
Net cash provided from (used in) financing activities   (24,135)    (15,149)
Effect of exchange rate changes on cash                 (9,744)     11,464
Net increase (decrease) in cash and cash equivalents    (31,722)    32,999
Cash and cash equivalents at beginning of year          155,753     122,754
Cash and cash equivalents at end of year                $ 124,031   $ 155,753
Cash paid during the year for:
Interest                                                $ 7,472     $ 5,737
Income taxes                                            $ 26,964    $ 10,402



A. SCHULMAN, INC.
Reconciliation of GAAP and Non-GAAP Financial Measures
Unaudited
(In thousands, except per share data)
                        Three months ended August 31,    Year ended August 31,
                        2012                2011         2012        2011
                        (In thousands, except per share data)
Net income
attributable to A.
Schulman, Inc.:
GAAP, as reported       $    11,236         $   5,858    $  50,887   $ 40,996
Certain items, net
of tax:
Asset write-downs       613                 6,225        2,530       8,150
(1)
Costs related to        359                 552          1,311       1,391
acquisitions (2)
Restructuring           1,767               2,288        6,671       7,243
related (3)
Inventory step-up       —                   112          451         296
(4)
Tax benefits            100                 —            (867)       (65)
(charges) (5)
Non-GAAP                $    14,075         $   15,035   $  60,983   $ 58,011
Non-GAAP diluted EPS    $    0.48           $   0.49     $  2.06     $ 1.86
Weighted-average
number of shares        29,438              30,721       29,549      31,141
outstanding -diluted
1 - Asset write-downs primarily relate to asset impairments and accelerated
depreciation.
2 - Costs related to acquisitions include those costs incurred to pursue
intended targets.
3 - Restructuring related costs include items such as employee severance
charges, lease termination charges, curtailment gains and other employee
termination costs.
4 - Inventory step-up costs include the adjustment for fair value of
inventory acquired as a result of acquisition purchase accounting.
5 - Tax benefits (charges) include the effect of the adjustment to the Italian
valuation allowance in fiscal 2012 and the realization of certain deferred tax
assets in fiscal 2011 as a result of the 2010 ICO, Inc. acquisition.



A. SCHULMAN, INC.
SUPPLEMENTAL SEGMENT INFORMATION
                   Three months ended August 31,  Year ended August 31,
                   2012             2011          2012           2011
                   Unaudited

                   (In thousands, except for %'s)
Pounds sold to
unaffiliated
customers
EMEA               292,223          311,993       1,174,515      1,281,066
Americas           171,003          166,984       610,418        635,700
APAC               29,552           32,781        121,012        131,626
Total pounds sold
to unaffiliated    492,778          511,758       1,905,945      2,048,392
customers
Net sales to
unaffiliated
customers
EMEA               $  333,847       $  394,796    $ 1,403,151    $ 1,533,993
Americas           154,225          145,203       558,910        516,814
APAC               36,374           38,088        144,692        142,148
Total net sales
to unaffiliated    $  524,446       $  578,087    $ 2,106,753    $ 2,192,955
customers
Segment gross
profit
EMEA               $  37,842        $  46,857     $ 171,768      $ 197,171
Americas           23,486           19,949        84,282         71,698
APAC               5,455            4,563         22,044         17,284
Total segment      66,783           71,369        278,094        286,153
gross profit
Inventory step-up  —                (324)         (677)          (607)
Total gross        $  66,783        $  71,045     $ 277,417      $ 285,546
profit
Segment operating
income
EMEA               $  13,896        $  19,813     $ 71,849       $ 86,663
Americas           9,549            1,941         28,872         14,032
APAC               2,169            1,697         10,145         5,587
Total segment      25,614           23,451        110,866        106,282
operating income
Corporate and      (5,219)          (3,854)       (23,786)       (25,106)
other
Costs related to   (359)            (553)         (1,425)        (1,429)
acquisitions
Restructuring      (2,471)          (2,338)       (9,256)        (8,117)
related
Asset write-downs  (806)            (6,225)       (3,392)        (8,150)
Curtailment gain   —                —             310            —
(loss)
Inventory step-up  —                (324)         (677)          (607)
Operating income   16,759           10,157        72,640         62,873
Interest expense,  (1,821)          (1,393)       (7,678)        (5,531)
net
Foreign currency
transaction gains  324              (197)         (245)          (1,595)
(losses)
Other income       138              (354)         1,251          1,720
(expense), net
Income before      $  15,400        $  8,213      $ 65,968       $ 57,467
taxes
Capacity
Utilization
EMEA               75          %    67         %  79          %  76          %
Americas           82          %    71         %  70          %  66          %
APAC               80          %    92         %  83          %  87          %
Worldwide          79          %    70         %  76          %  73          %



SOURCE A. Schulman, Inc.

Website: http://www.aschulman.com
Contact: Jennifer K. Beeman, Director of Corporate Communications & Investor
Relations, A. Schulman, Inc., +1-330-668-7346,
Jennifer_Beeman@us.aschulman.com
 
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