schulman (a.) inc (SHLM) Details
A. Schulman, Inc. supplies plastic compounds and resins for packaging, automotive, consumer products, and industrial applications. It offers additive compounds, carbon black color concentrates, white color concentrates, additive compounds for polyester resins and special pearl effects, antistatic concentrates, custom color concentrates for film and molding, absorptive concentrate to reduce odorsl, and masterbatch for the production of synthetic paper. The company also provides engineered plastics, including thermoplastic elastomers and vulcanizates, filled and unfilled nylon and PBT compounds, nylon/ABS alloys, formulated ionomer compounds, thermoplastic ionomer resins, flame-retardant thermoplastic compounds and concentrates, thermoplastic olefins, flexible thermoplastic PVC compounds, filled and unfilled acetal compounds, ABS compounds and alloys, and renewable natural fiber-filled thermoplastics, as well as polypropylene, polyethylene, and EVA compounds. In addition, it offers custom color and specialty compound powders, rotational molding process compounds, cross-linkable resin used in rotational molding, and high heat-distortion temperature materials. Further, the company provides jet milling services used for products requiring very fine particle size, such as additives for printing ink, adhesives, waxes, and cosmetics; cryogenic milling services for heat sensitive materials; and tolling services. Additionally, it buys, repackages, and re-sells polymers for various processing types comprising injection molding, blow molding, thermoforming, and film and sheet extrusion. The company’s products are also used in a range of markets, such as mobility, building and construction, electronics and electrical, agricultural, personal care and hygiene, sports and leisure, custom services, and others. The company has operations in the Middle East, Africa, the Americas, Europe, and the Asia Pacific. A. Schulman, Inc. was founded in 1928 and is headquartered in Akron, Ohio.
Last Reported Date: 04/8/13
Founded in 1928
schulman (a.) inc (SHLM) Top Compensated Officers
Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $830.8K
Chief Financial Officer and Vice President
Total Annual Compensation: $374.9K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $401.4K
Chief Legal Officer, Vice President, Secretar...
Total Annual Compensation: $330.0K
General Manager and Chief Operating Officer o...
Total Annual Compensation: $308.4K
Compensation as of Fiscal Year 2012.
A. Schulman, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended February 25, 2013; Revises Earnings Guidance Second Half and Full-Year Fiscal 2013
Apr 8 13
A. Schulman, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended February 25, 2013. For the fiscal 2013 second quarter, net sales increased 5.3% as a result of contributions from the company's two recent acquisitions. Combined, these acquisitions added $15 million of incremental net sales to the quarter, a 1.8% improvement in volume, and a favorable impact from foreign currency translation. Volume decreased in the EMEA and APAC segments, which experienced a 1.8% and 1.3% decline, respectively, for the quarter compared with the prior period second quarter. The company reported net income for the second quarter of $11.8 million, or $0.40 per diluted share. The translation effect of foreign currency positively impacted net income for the quarter by $0.4 million, or approximately $0.01 per diluted share. Adjusted net income was $0.27 per diluted share. The primary driver of the variance between net income and adjusted net income was that the tax related matters only impacted earnings per share. Operating Income was $9.3 million against $13.7 million for the same period a year ago. Adjusted operating income was $12.1 million, a decrease of $4.3 million compared with last year. Income before income taxes was $7,674,000 against $12,283,000 a year ago.
Net sales for the six months ended February 28, 2013 were $1.063 billion compared with $1.013 billion in the prior year. The improvement resulted from a 3.6% increase in volume, which was partially offset by an $11.4 million unfavorable impact of foreign currency translation. For fiscal 2013 year-to-date, the company reported net income of $23.6 million, or $0.79 per diluted share, compared with net income of $22.7 million, or $0.77 per diluted share, for the same period last year. Excluding the effect of certain items such as restructuring-related charges, acquisition-related costs, asset impairments and income tax valuation allowance adjustments, year-to-date adjusted net income was $22.6 million, or $0.76 per diluted share, compared with $26.5 million, or $0.90 per diluted share, a year ago. Income before income taxes was $23,256,000 against $28,897,000 a year ago. Net cash used in operations was $8.1 million for the six months ended February 28, 2013, compared with net cash provided from operations of $12.7 million for the six months ended February 29, 2012. The difference of $20.8 million was primarily due to increased levels of working capital for the six months ended February 28, 2013, compared with the prior year. Expenditures for property, plant and equipment was $12,889,000 against $19,170,000 a year ago.
The company anticipates the second half of 2013 to improve from its fiscal 2013 first half, weak global demand indicates caution.
The company is revising guidance for full-year fiscal 2013 adjusted net income, which the company now expects to be in the range of $2.08 to $2.13 per diluted share. For the remainder of fiscal 2013, the company expects to recognize additional employee-related restructuring and accelerated depreciation charges, totaling approximately $1.5 million associated with this consolidation.
A. Schulman, Inc. Declares Regular Cash Dividend Payable on May 1, 2013
Apr 8 13
The Board of Directors of A. Schulman, Inc. has declared its regular cash dividend of $0.195 per common share, payable May 1, 2013, to shareholders of record on April 19, 2013.
A. Schulman Appoints Stacy Walter as Vice President, Internal Audit; Names Timothy McDannold as Treasurer and Director of Risk Management
Apr 5 13
A. Schulman, Inc. announced that Stacy R. Walter has been promoted to Vice President of Internal Audit and Timothy J. McDannold has been named Treasurer and Director of Risk Management. Both appointments are effective immediately. Walter joined A. Schulman as Sarbanes-Oxley Audit Manager in June 2005 and has been Director of Internal Audit for the Company since June 2006. Prior to joining A. Schulman, she was a consultant for Resources Global Professionals, held various audit and financial analyst positions at Continental General Tire, and was Internal Auditor for May Department Stores. She received a bachelor's degree in business administration from Kent State University and is a Certified Public Accountant. McDannold will take over the Treasurer responsibilities from current Vice President and Chief Financial Officer Joseph J. Levanduski, with the goal to strategically focus on the global treasury function within the organization. Levanduski has served as both CFO and Treasurer since joining A. Schulman in June 2011.