$SHLM (A. Schulman, Inc.)

$SHLM {{ '2016-08-11T18:17:41+0000' | timeago}} • Announcement

$SHLM said its key end-markets, at beginning of 4Q16, in the U.S. and Europe did not present notable headwinds; however, as quarter progressed $SHLM saw double-digit volume contraction. $SHLM's top line was particularly impacted in its Masterbatch Solutions, Engineered Plastics and Engineered Composites segments on softness in multiple markets.

$SHLM {{ '2017-06-30T12:24:31+0000' | timeago}} • Webcast

Looking at improving trends, $SHLM sees really pretty good buying across the globe, despite seeing some slowdown in China, particularly in its masterbatch business in China that goes into the packaging industry. The company is offsetting slowdown in China by exporting out into Southeast Asia where it still has pretty significant demand.

$SHLM {{ '2017-06-30T11:59:40+0000' | timeago}} • Webcast

$SHLM said it is actively pursuing additional sources of recycled materials for meeting increased customer demand needs. $SHLM believes it to be in a position to capitalize on more opportunities and build this region to its appropriate position, and thus provide the geographic balance, which was one of the main reasons for the Citadel acquisition.

$SHLM {{ '2017-06-30T11:50:40+0000' | timeago}} • Webcast

$SHLM's gross profit, excluding items, for 3Q17 declined 13% to $99MM from last year. This was almost solely due to the lower volume and higher plant costs, stemming from the complex consolidation efforts at its Evansville facility in US and Canada as well as shortfalls of sales in EMEA in April.

$SHLM {{ '2017-06-28T21:24:38+0000' | timeago}} • Announcement

$SHLM reaffirmed its sales outlook for fiscal 2017 between $2.5Bil and $2.6Bil, excluding the impact of a potential currency translation. The company continues to expect full-year adjusted earnings to be in the range of $2.08-2.18 per share and adjusted EBITDA in the $225-230MM range. A. Schulman also forecasts a stronger performance in 4Q17.

$SHLM {{ '2017-06-28T20:40:35+0000' | timeago}} • Announcement

$SHLM reported a decline in 3Q17 net income to $13.9MM or $0.47 per share from $15.52MM or $0.53 per share a year earlier. Adjusted earnings dropped to $0.63 per share from $0.79 per share in 3Q16, while sales declined to $645.8MM from $650.44MM. The company forecasts if the dollar stayed unchanged, it would impact the 4Q17 earnings by two cents.

$SHLM {{ '2017-06-27T13:08:29+0000' | timeago}} • Announcement

$SHLM will retain executive search firm in a search for a successor candidate to current Chairman, President and CEO Joseph Gingo. The plan calls for Gingo to step down from CEO position at end of his current, 2-year contract in August 2018. Gingo will remain as its executive chairman when a successor is named to ensure a seamless transition.

$SHLM {{ '2017-06-27T13:06:16+0000' | timeago}} • Announcement

$SHLM said it will retain an executive search firm to assist the BoD and its Nominating and Governance Committee in a search for a successor candidate to current Chairman, President and CEO Joseph Gingo. The plan calls for Gingo to step down from his CEO position at the end of his current, two-year contract in August 2018.

$SHLM {{ '2017-04-05T15:14:47+0000' | timeago}} • Webcast

$SHLM expects its capacity utilization for 2017 to be in the 60% range compared to prior year's 69%, reflecting the ongoing plant closures in US and Canada.

$SHLM {{ '2017-04-05T14:22:45+0000' | timeago}} • Webcast

$SHLM said its plan to close two plants in EMEA and US/Canada is moving along with no issues. The company expects annual savings of approx. $1.5MM from these closures, beginning in late fiscal 2017.

$SHLM {{ '2017-04-04T21:27:45+0000' | timeago}} • Announcement

For FY17, $SHLM expects $2.5-2.6Bil in sales. Adjusted EBITDA is expected to be $225-230MM and  ROIC is expected to be 11-12.5%. Adjusted diluted EPS is expected to be $2.08-2.18.

$SHLM {{ '2017-04-04T21:22:35+0000' | timeago}} • Announcement

$SHLM reported a net income  of $3.2MM or $0.11 per share in 2Q17 compared to a net loss of $0.3MM or $0.01 per share in 2Q16. Adjusted net income was $9.3MM or $0.31 per share in 2Q17. Consolidated net sales were $568.7MM in 2Q17 compared with $591.8MM in 2Q16.

$SHLM {{ '2017-03-30T11:43:44+0000' | timeago}} • Announcement

$SHLM BoD announced a regular quarterly cash dividend of $0.205 per common share. The dividend is payable May 1, 2017, to shareholders of record on April 14, 2017. Additionally, $SHLM declared a cash dividend of $15 per share on the 125,000 shares of its convertible special stock, payable on May 1, 2017, to shareholders of record on April 15, 2017.

$SHLM {{ '2017-03-21T20:50:22+0000' | timeago}} • Announcement

$SHLM said it will increase its production capacity for color masterbatches in Europe. The company has manufacturing plants for color masterbatches across strategic countries in Europe. Due to increased market demand, $SHLM will add three additional extruders in their facilities in Hungary, Italy and Poland.

$SHLM {{ '2017-01-31T17:44:32+0000' | timeago}} • Announcement

$SHLM appointed Stacey Marsh as its operational sales director. Marsh will manage the support resources that are critical to enhancing the customer experience, while driving sales force productivity and growth around the world. This includes the sales process optimization, sales program implementation, and customer segmentation, among other things.

$SHLM {{ '2017-01-10T16:12:54+0000' | timeago}} • Webcast

$SHLM stated that on the cadence of earnings going forward, the seasonality affects the business of the company as usual. The company also believes that the initiatives taken related to the hiring of a new Commercial Officer and the restructuring done to simplify the business would give the path forward and see incremental progress throughout 2017.

$SHLM {{ '2017-01-10T15:33:24+0000' | timeago}} • Webcast

$SHLM's Custom Concentrates and Services segment revenue declined 6.7% YoverY in 1Q17 to $276MM and Performance Materials revenue also plunged 10.6% to $270MM. Engineered Composites segment revenue on the other hand grew 5% YoverY to $55MM in 1Q17.

$SHLM {{ '2017-01-10T15:22:01+0000' | timeago}} • Webcast

$SHLM said it expects to expand its sales force by approx. 10%, which would include expansion in the sales and sales support personnel. The company also added that it's going to hire a Director of Sales Operation, supporting the growth efforts across the company's global footprint.

$SHLM {{ '2017-01-10T15:17:07+0000' | timeago}} • Webcast

$SHLM currently anticipates one additional facility closure in FY17. On a consolidated basis, the company expects shutdown or transfer cost for FY17 to be about $6MM and annual savings of approx. $1.5MM beginning in FY18. Additionally, $SHLM expects potential cash proceeds of about $5-7MM.

$SHLM {{ '2017-01-09T23:54:14+0000' | timeago}} • Announcement

$SHLM is maintaining its FY17 targets of $2.5-2.6Bil in sales, adjusted EBITDA of $2250230MM, adjusted diluted EPS in the range of $2.08-2.18, and a return on invested capital of 11-12.5%.

$SHLM {{ '2017-01-09T23:52:14+0000' | timeago}} • Announcement

Plastic compounds and resins supplier $SHLM reported a decrease in 1Q17 results. Net income was $1.1MM or $0.04 per share in 1Q17 compared to $5.2MM or $0.18 per share in 1Q16. Consolidated net sales were $600MM compared with $649.2MM for the prior year quarter.

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