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Schulman earnings rise 5% YOY

9:24 AM MST | January 7, 2014 | Vincent Valk

A. Schulman has reported fiscal first-quarter net income up 5% year-on-year (YOY), to $12.4 million, on net sales up 10%, to $585.4 million. Adjusted income, which excludes restructuring and other expenses, totals $16.7 million, up 14% YOY. Schulman’s fiscal first-quarter ended on 30 November 2013. "We are extremely encouraged by our strong start to fiscal 2014 and expect to continue the trend of earnings improvement. During the quarter, we successfully capitalized on operational efficiencies in Europe, benefited from prior restructuring in Europe and...

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