A. Schulman first-quarter earnings decline

摘要

A. Schulman recorded fiscal first-quarter earnings down 13.2% year-on-year (YOY), to $11.8 million, on sales up 4.5%, to $540.6 million. Adjusted earnings totaled 50 cts/share, slightly ahead of analysts’ consensus estimate of 49 cts/share, as reported by Thomson Reuters (New York). A. Schulman’s fiscal first-quarter ended on 30 November. The company reiterated its full-year 2013 earnings guidance of $2.14-$2.19/share. In Europe, the Middle East and Africa (EMEA), sales were down 0.4% YOY, to $351.5 million, while operating income fell 16.1%, to $16.1 million. Americas sales increased 16.9%, to $149.6 million, while operating income increased 27.9%, to $7.8 million. Asia Pacific sales were up 8.5%, to $39.5 million, while operating income was up 24%, to $3.1 million. "We are very encouraged to see modest volume growth in all regions.