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Schulman sets double-digit sales and earnings growth targets

2:26 PM MDT | April 16, 2014 | Vincent Valk

A. Schulman has announced that it is aiming to grow sales by 10-11%/year through 2018, to $3.6-$3.7 billion. The company is also aiming to grow adjusted earnings by an average of 19-20%/year through 2018, to $4.50-$4.75/share, and adjusted Ebitda by 17-18%/year in the same timeframe, to $270-284 million. Schulman is also aiming to achieve a 15-16% return on invested capital (ROIC) by 2018. "Our long-term targets are based largely on our expectations for continued success with our organic initiatives and acquisition strategy, combined with our financial...

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