A Schulman posts increased sales as earnings fall in 1Q fiscal 2016. Issue 3 (March 2016)

• Record Type: Journal Article
• Is Part Of: Additives for polymers. Issue 3(2016:Mar.)
• Page Start: 9
• Page End: 10
• Publication Date: 2016-03
• Subjects: Polymers -- Additives -- Periodicals; 620.192
• DOI: 10.1016/S0306-3747(16)30029-X
• Languages: English
• ISSNs: 0306-3747

Abstract

Abstract : For its fiscal 2016 first quarter ended 30 November 2015, Akron-based A. Schulman, Inc posted net sales of US$649.2 million, an increase of 5.6% compared with $615.1 million in the same quarter a year earlier. Foreign currency translation negatively impacted the total by $62 million, or 10% of sales. Net sales from the acquired Citadel Plastics business contributed $111.1 million of revenue during the quarter. Excluding the acquisition and currency effects, net sales declined by 2.4% as the company experienced lower volumes in its US and Canada (USCAN) segment's commodity product and service offerings.