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Last $35.85 USD
Change Today +0.19 / 0.53%
Volume 239.4K
SHLM On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

schulman (a.) inc (SHLM) Key Developments

A. Schulman, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2015; Revises Earnings Guidance for the Fiscal 2015 and Provides Capex Guidance for the Fourth Quarter of 2015

A. Schulman, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2015. For the quarter, the company reported net sales were $560.86 million against $645.73 million a year ago. Operating income was $23.27 million against $25.35 million a year ago. Income from continuing operations before income taxes was $1.38 million against $24.009 million a year ago. Net loss from continuing operations was $8.97 million against profit of $19.35 million a year ago. Diluted loss per share was $0.34 against profit of $0.65 a year ago. Net loss attributable to A. Schulman, Inc. was $9.33 million against $19.09 million a year ago. Net loss available to A. Schulman, Inc. common stockholders was $9.89 million against $19.09 million a year ago. Diluted loss per share was $0.34 against profit of $0.65 a year ago. Adjusted operating income was $32.82 million against $28.4 million a year ago. The increase was primarily due to acquisition contribution of $2.8 million and decreased SG&A expense, partially offset by the negative impact of foreign currency translation of $4.7 million. Adjusted net income available to A. Schulman, Inc. common stockholders was $21.2 million against $21.83 million a year ago. Adjusted diluted income per share was $0.72 against profit of $0.74 a year ago. EBITDA adjusted was $43.9 million against $40.23 million a year ago. In the third quarter, the company achieved adjusted operating profit per pound of $0.06 and, if applied to the 2010 euro to U.S. dollar currency rate, this metric instead would indeed have doubled to a full $0.07. This performance was achieved despite the widespread slow growth and diverse foreign exchange environment and many other external challenges. For the nine months, the company reported net sales were $1,718.2 million against $1,819.64 million a year ago. Operating income was $49.66 million against $59.04 million a year ago. Income from continuing operations before income taxes was $22.72 million against $51.28 million a year ago. Net income from continuing operations was $3.92 million against profit of $38.63 million a year ago. Diluted income per share was $0.08 against profit of $1.30 a year ago. Net income attributable to A. Schulman, Inc. was $2.94 million against $41.02 million a year ago. Net income available to A. Schulman, Inc. common stockholders was $2.38 million against $41.02 million a year ago. Diluted income per share was $0.08 against profit of $1.40 a year ago. Net cash provided from operating activities was $56.281 million against $35.036 million a year ago. Expenditures for property, plant and equipment was $32.662 million against $24.126 million a year ago. These expenditures were primarily related to strategic investments in the company's global manufacturing facilities and technical innovation and collaboration centers focused on organic growth and new product development. Adjusted operating income was $79.77 million against $72.15 million a year ago. Adjusted net income available to A. Schulman, Inc. common stockholders was $51.13 million against $49.83 million a year ago. Adjusted diluted income per share was $1.73 against profit of $1.70 a year ago. EBITDA adjusted was $114.9 million against $105.28 million a year ago. Adjusted EBITDA was negatively impacted by $5.7 million due to the FX rate. For the fiscal 2015 adjusted net income guidance previously provided of $2.50 to $2.55 per diluted share represented significant growth over fiscal 2014 results, excluding any impact from the then pending acquisition of Citadel. While the Citadel acquisition has occurred, and related financing actions taken, it is important to take note that the previous guidance range is achievable excluding the dilution expected in fourth quarter related to these strategic long-term actions. The combination of previous guidance, updated for the fiscal 2015 dilution from the Citadel acquisition and convertible special stock dividend results in adjusted guidance range of $2.37 to $2.42 per diluted share. For the fourth quarter of 2015, the company expects capex of $10 million. Fourth quarter non-GAAP effective tax rate will be very similar to the third quarter rate of 2015.

A. Schulman, Inc. to Report Q3, 2015 Results on Jul 06, 2015

A. Schulman, Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Jul 06, 2015

A. Schulman, Inc., Q3 2015 Earnings Call, Jul 07, 2015

A. Schulman, Inc., Q3 2015 Earnings Call, Jul 07, 2015

A. Schulman, Inc. Appoints Tony Daponte as First Research & Development Director

A. Schulman, Inc. announced the appointment of Tony Daponte as the company's first Research & Development Director Masterbatch for the Asia-Pacific region. In this capacity, he will collaborate with the existing application centers in the region and assist in the development of a R&D facility dedicated to harnessing the technical know-how in APAC. Since 2001, Daponte has served as the company's R&D Director Masterbatch for Europe, Middle East and Africa. In this role, he has contributed to the ongoing development of innovative products and value-adding properties that support the company’s diverse solutions portfolio. In 2012, he also was named the Managing Director for the company's facility in Bornem, Belgium.

A. Schulman Declares Quarterly Cash Dividend, Payable on August 3, 2015

A. Schulman, Inc. declared a regular quarterly cash dividend of $0.205 per common share, payable August 3, 2015, to shareholders of record on July 15, 2015.

 

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Price/Earnings 60.5x
Price/Sales 0.4x
Price/Book 1.8x
Price/Cash Flow 57.7x
TEV/Sales 0.1x
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