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A Schulman Inc (SHLM.O)

SHLM.O on Nasdaq

26.62USD
21 Jul 2017
Change (% chg)

$0.73 (+2.80%)
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Latest Key Developments (Source: Significant Developments)

A. Schulman cuts FY 2017 adj EPS forecast to $1.60-$1.70
Thursday, 20 Jul 2017 08:15am EDT 

July 20 (Reuters) - A Schulman Inc :A. Schulman revises fiscal 2017 guidance.Lowers fy 2017 adjusted earnings per share view to $1.60 to $1.70.Lowering its full-year 2017 adjusted net income guidance range to $1.60 to $1.70 per diluted share​.Sees FY 2017 adjusted EBITDA to $200 to $204 million​."While our volumes in Europe remain on track with our expectations, we are incurring significant margin pressure in region"​.FY guidance​ driven by margin compression in European business, weakened operating results from forecasts in certain other regions.Negative foreign currency effects on adjusted net income, adjusted EBITDA expected to be $0.12 per diluted share and $6 million, respectively, for FY 2017​.Margin pressure in Europe is due "magnitude and timing of raw material cost increases"​.FY 2017 earnings per share view $2.03 -- Thomson Reuters I/B/E/S.  Full Article

A Schulman to secure international executive search firm to support CEO succession plan
Tuesday, 27 Jun 2017 08:30am EDT 

June 27 (Reuters) - A Schulman Inc ::A Schulman Inc - A. Schulman to secure international executive search firm to support CEO succession plan.A Schulman Inc - plan calls for Gingo to step down from his chief executive officer position at end of his current, two-year contract in August 2018.A Schulman- retain executive search firm to assist board in search for successor candidate to current chairman, president and CEO Joseph M. Gingo.A Schulman Inc - plans call for Gingo to remain with company as its executive chairman when a successor is named to ensure a seamless transition.  Full Article

A Schulman reports Q2 EPS $0.11
Tuesday, 4 Apr 2017 04:16pm EDT 

A Schulman Inc - : A Schulman reports fiscal 2017 second quarter, first half results . Q2 adjusted earnings per share $0.31 . Q2 gaap earnings per share $0.11 . Q2 sales $568.7 million versus I/B/E/S view $581.4 million . Q2 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Sees fy 2017 sales $2.5 billion to $2.6 billion . Co is maintaining previously stated fiscal 2017 operating targets of $2.5 billion-$2.6 billion in sales, adjusted EBITDA of $225 million-$230 million . Outlook for adjusted earnings per diluted share remains in range of $2.08 to $2.18 on an operating basis in 2017 .Fy2017 earnings per share view $2.11, revenue view $2.45 billion -- Thomson Reuters I/B/E/S.  Full Article

A. Schulman Q1 adjusted earnings per share $0.49
Monday, 9 Jan 2017 05:08pm EST 

A Schulman Inc : A. Schulman reports fiscal 2017 first quarter results . Q1 adjusted earnings per share $0.49 . Q1 gaap earnings per share $0.04 . Q1 sales $600 million versus i/b/e/s view $621.2 million . Q1 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Reaffirms fy 2017 adjusted earnings per share view $2.08 to $2.18 . Sees fy 2017 sales $2.5 billion to $2.6 billion . A schulman inc - "as we look forward to remainder of year, we expect continued challenges to our top-line growth" .A schulman inc says " further, if dollar remains strong against world currencies, we will see additional pressure".  Full Article

A. Schulman posts Q4 adj. earnings per share $0.47
Wednesday, 26 Oct 2016 04:59pm EDT 

A Schulman Inc : A. Schulman reports fiscal 2016 fourth quarter, full-year results . Q4 sales $604.6 million versus I/B/E/S view $584.9 million . Sees FY 2017 adjusted earnings per share $2.08 to $2.18 . Q4 adjusted earnings per share $0.47 excluding items . Q4 GAAP loss per share $13.12 . Q4 earnings per share view $0.32 -- Thomson Reuters I/B/E/S .Fy2017 earnings per share view $2.26, revenue view $2.51 billion -- Thomson Reuters I/B/E/S.  Full Article

A. Schulman Inc names John Richardson CFO
Monday, 3 Oct 2016 09:11am EDT 

A Schulman Inc : A. Schulman names John Richardson to succeed Joseph Levanduski as chief financial officer .Richardson will succeed Joseph Levanduski as chief financial officer on November 1, 2016.  Full Article

A Schulman says Joseph Gingo named CEO
Thursday, 18 Aug 2016 04:59pm EDT 

A Schulman Inc : Chairman Joseph Gingo named chief executive officer and president . Chairman Joseph Gingo has been named chief executive officer and president, effective immediately . Bernard Rzepka, president and chief executive officer, have mutually agreed he will relinquish his officer role and directorship role . Will undertake a comprehensive review of its business plan .Intends to retain a leading advisory firm to assist in the review process.  Full Article

A. Schulman lowers FY 2016 adjusted earnings per share view to $1.90 to $1.95
Thursday, 11 Aug 2016 07:56am EDT 

A. Schulman : Lowers FY 2016 adjusted earnings per share view to $1.90 to $1.95 . Lowers full-year fiscal 2016 earnings guidance . Previous FY forecast of adjusted EBITDA of $245 to $250 million has been reduced to $225 million to $230 million . FY2016 earnings per share view $2.41 -- Thomson Reuters I/B/E/S . Guidance reflects deteriorating market conditions facing industry in company's largest regions in U.S. and Europe . As we move closer to end of our Q4, it is apparent that we will not be able to deliver on adjusted earnings per share commitment of $2.40 to $2.45 per share .Gross debt is now $967 million at end of July down 14 percent from $1.1 billion in June 2015.  Full Article

A Schulman enters strategic partnership for masterbatch in Africa
Tuesday, 5 Jul 2016 04:48pm EDT 

A Schulman Inc : A Schulman enters strategic partnership for masterbatch in Africa .Expanding its presence for masterbatch on African continent through a strategic partnership with Snetor Chimie.  Full Article

A. Schulman reports Q3 earnings per share $0.53
Tuesday, 28 Jun 2016 05:14pm EDT 

A Schulman Inc : A. Schulman reports fiscal 2016 third quarter results . Reaffirms FY 2016 adjusted earnings per share view $2.40 to $2.45 . Q3 adjusted earnings per share $0.79 . Q3 earnings per share $0.53 . Q3 sales $650.4 million versus I/B/E/S view $648.8 million . Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S . Company incurred costs of $1.8 million in quarter related to Lucent remediation matter . "A. Schulman believes that sellers are responsible to compensate A. Schulman for Lucent losses that company has experienced or may incur" . On June 15, 2016, company filed a lawsuit against sellers of Citadel plastics in court of chancery of state of delaware ."Suit seeks indemnification and damages for fraudulent business practices within Lucent subsidiary".  Full Article

BRIEF-A Schulman to secure international executive search firm to support CEO succession plan

* A Schulman Inc - A. Schulman to secure international executive search firm to support CEO succession plan