IHS Chemical Week

A. Schulman first-quarter earnings decline

11:21 AM MST | January 4, 2013

A. Schulman recorded fiscal first-quarter earnings down 13.2% year-on-year (YOY), to $11.8 million, on sales up 4.5%, to $540.6 million. Adjusted earnings totaled 50 cts/share, slightly ahead of analysts’ consensus estimate of 49 cts/share, as reported by Thomson Reuters (New York). A. Schulman’s fiscal first-quarter ended on 30 November. The company reiterated its full-year 2013 earnings guidance of $2.14-$2.19/share. In Europe, the Middle East and Africa (EMEA), sales were down 0.4% YOY, to $351.5 million, while operating income fell 16.1%, to $16.1...

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