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Schulman net income soars on stronger demand

10:07 AM MDT | July 7, 2014

A. Schulman reports net income from continuing operations of $19.1 million for the company’s fiscal third quarter ended 31 May, up almost fourfold year-on-year (YOY) from $5.2 million. Net sales totaled $645.7 million, up 18% YOY from $548.6 million. The strong results “reflect continued demand in our key end markets as well as contributions from our recent acquisitions,” says Joseph Gingo, chairman, president, and CEO. “Unlike last year’s unusual third quarter, I believe we have returned to our typical historic pattern where our third quarter is the...

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