Jennifer Beeman


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A. Schulman Stockholders Approve Merger with LyondellBasell

Jun 15, 2018 3:56:36 AM / by Jennifer Beeman

Akron, OH, June 14, 2018 – A. Schulman, Inc. (“A. Schulman”) (NASDAQ: SHLM) announced that during a special stockholder meeting today A. Schulman stockholders approved the merger agreement under which LyondellBasell Industries N.V. (“LyondellBasell”) will acquire all of the outstanding shares of A. Schulman common stock (the “Merger Agreement”). A. Schulman stockholders also approved the non-binding advisory proposal regarding executive compensation related to the Merger.

“A. Schulman shareholders have solidly affirmed the value that the Company’s merger with LyondellBasell represents. This outcome serves the best interests of all our stakeholders including our customers, suppliers, employees and the communities in which we operate,” stated Joseph M. Gingo, chairman, president and chief executive officer of A. Schulman.

Upon completion of the Merger, A. Schulman stockholders will be entitled to receive $42.00 in cash and one contingent value right for each share of A. Schulman’s common stock. The closing of the Merger remains subject to the satisfaction of customary closing conditions, including approvals from competition agencies in each of the European Union and Russia as well as CFIUS approval. A. Schulman and LyondellBasell continue to target closing the transaction in the third calendar quarter of 2018; however, there can be no assurance regarding timing of completion of regulatory approvals, which could delay timing of the closing.


About A. Schulman
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,200 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com

Forward-Looking Statements
This press release is made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements made concerning A. Schulman’s intent to consummate the Merger with LyondellBasell. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations, and beliefs relating to matters that are not historical in nature. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and relate to future events and expectations. Forward-looking statements contain such words as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Such forward-looking statements are subject to uncertainties and factors relating to A. Schulman’s operations and business environment, all of which are difficult to predict and many of which are beyond the control of A. Schulman. Among others, the following uncertainties and other factors could cause actual results to differ from those set forth in the forward-looking statements: (i) the risk that the Merger may not be consummated in a timely manner, if at all; (ii) the risk that the definitive Merger Agreement may be terminated in circumstances that require A. Schulman to pay LyondellBasell a termination fee of $50 million; (iii) risks related to the diversion of management’s attention from A. Schulman’s ongoing business operations; (iv) the effect of the announcement of the Merger on A. Schulman’s business relationships (including, without limitation, customers and suppliers), operating results and business generally; (v) risks related to obtaining the requisite consents to the Merger, including, without limitation, the timing (including possible delays) and receipt of regulatory clearance and CFIUS approval from governmental authorities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental authority may deny any such approval; and (vi) the conditions of the capital markets during the period covered by the forward-looking statements. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are set forth under “Risk Factors” in A. Schulman’s Annual Report on Form 10-K for the fiscal year ended August 31, 2017, its subsequent quarterly reports on Form 10-Q and in A. Schulman’s definitive proxy statement, dated May 11, 2018, that A. Schulman filed with the United States Securities and Exchange Commission (the “SEC”) in connection with the proposed Merger. The list of factors presented here is, and the list of factors presented in A. Schulman’s other SEC filings should not be considered to be a complete statement of all potential risks and uncertainties. In addition, risks and uncertainties not presently known to A. Schulman or that it believes to be immaterial also may adversely affect A. Schulman. Should any known or unknown risks or uncertainties develop into actual events, or underlying assumptions prove inaccurate, these developments could have material adverse effects on A. Schulman’s business, financial condition and results of operations. A. Schulman does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future. Persons reading this communication are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.

The Merger is subject to certain conditions precedent, including approvals from competition agencies in each of the European Union and Russia as well as CFIUS approval. A. Schulman cannot provide any assurance that the proposed Merger will be completed, nor can it give assurances as to the terms on which such Merger will be consummated.

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A. Schulman Sets June 14, 2018 Special Meeting for Vote on Merger Agreement with LyondellBasell

Apr 18, 2018 7:25:31 AM / by Jennifer Beeman

Stockholders of Record on May 7, 2018 entitled to vote at Special Meeting

AKRON, Ohio – April 18, 2018 – A. Schulman, Inc. (Nasdaq: SHLM) today announced that it has established a record date of May 7, 2018, and a meeting date of June 14, 2018, for a special meeting of its stockholders to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger with LyondellBasell Industries N.V. and LYB Americas Holdco Inc., a wholly owned subsidiary of LyondellBasell. The Board of Directors of A. Schulman recommends that stockholders vote in favor of the merger with LyondellBasell.

If the merger is completed, A. Schulman stockholders will be entitled to receive $42.00 in cash and one contingent value right, in each case, without interest and less applicable withholding taxes, for each share of A. Schulman common stock owned (unless a stockholder has properly exercised appraisal rights with respect to such shares). While no guaranty can be given that any additional proceeds will be received, each contingent value right will provide a holder with an opportunity to receive certain net proceeds, if any are recovered, from claims arising from A. Schulman's acquisition of its Citadel subsidiary or the acquisition by Citadel’s subsidiary, the Matrixx Group, Incorporated of its Lucent subsidiary, including certain ongoing litigation against the former owners of A. Schulman's Citadel subsidiary and the former owners of A. Schulman's Lucent subsidiary and the related government investigations.

A. Schulman stockholders as of the close of business on the record date for the special meeting will be entitled to receive notice of, and to vote at, the special meeting.

A. Schulman continues to expect the transaction to close in the second half of calendar year 2018, subject to the approval of A. Schulman's stockholders, remaining regulatory approvals, and customary closing conditions.


About A. Schulman
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,200 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com

Additional Information
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication may be deemed to be solicitation material in respect of the proposed merger between A. Schulman and LyondellBasell. In connection with the proposed transaction, A. Schulman has filed with the United States Securities and Exchange Commission (the "SEC") a preliminary proxy statement, dated March 26, 2018. A. Schulman will send the definitive proxy statement and a proxy card to each of A. Schulman's stockholders entitled to vote at the special meeting relating to the proposed merger. A. SCHULMAN'S STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT A. SCHULMAN WILL FILE WITH THE SEC (INCLUDING THE DEFINITIVE PROXY STATEMENT) WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE TRANSACTION. Stockholders and investors will be able to obtain free copies of the proxy statement and other relevant materials (when they become available) and other documents filed by A. Schulman at the SEC's web site at www.sec.gov. Copies of the definitive proxy statement (when they become available) and the filings that will be incorporated by reference therein may also be obtained, without charge, from A. Schulman's website, www.aschulman.com, under the heading “Investors”, or by contacting A. Schulman's Investor Relations at 330-668-7346 or jennifer.beeman@aschulman.com

Participants in the Solicitation
A. Schulman, its directors and certain of its executive officers and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from A. Schulman's investors and security holders in connection with the proposed transaction. Information about A. Schulman's directors and executive officers is set forth in A. Schulman's proxy statement for its 2017 Annual Meeting of Stockholders and A. Schulman's Annual Report on Form 10-K for the fiscal year ended August 31, 2017. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction is included in the preliminary proxy statement, as it will be amended, that was filed with the SEC on March 27, 2018, and other documents relevant to the proposed merger that A. Schulman intends to file with the SEC. These documents may be obtained for free as described above.

Forward-Looking Statements
This communication is made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements made concerning A. Schulman's intent to consummate the merger with LyondellBasell. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations, and beliefs relating to matters that are not historical in nature. Such forward-looking statements are subject to uncertainties and factors relating to A. Schulman's operations and business environment, all of which are difficult to predict and many of which are beyond the control of A. Schulman. Among others, the following uncertainties and other factors could cause actual results to differ from those set forth in the forward-looking statements: (i) the risk that the merger may not be consummated in a timely manner, if at all; (ii) the risk that the definitive merger agreement may be terminated in circumstances that require A. Schulman to pay LyondellBasell a termination fee of $50 million; (iii) risks related to the diversion of management's attention from A. Schulman's ongoing business operations; (iv) the effect of the announcement of the merger on A. Schulman's business relationships (including, without limitation, customers and suppliers), operating results and business generally; (v) risks related to obtaining the requisite consents to the merger, including, without limitation, the receipt of approval from A. Schulman's stockholders, the timing (including possible delays) and receipt of regulatory clearance and CFIUS approval from governmental authorities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental authority may deny any such approval; and (vi) the conditions of the capital markets during the period covered by the forward-looking statements. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are set forth under "Risk Factors" in A. Schulman's Annual Report on Form 10-K for the fiscal year ended August 31, 2017, its subsequent quarterly reports on Form 10-Q and in A. Schulman’s preliminary proxy statement, dated March 26, 2018, that A. Schulman filed with the SEC in connection with the proposed merger. The list of factors presented here is, and the list of factors presented in A. Schulman’s other SEC filings should not be considered to be a complete statement of all potential risks and uncertainties. In addition, risks and uncertainties not presently known to A. Schulman or that it believes to be immaterial also may adversely affect A. Schulman. Should any known or unknown risks or uncertainties develop into actual events, or underlying assumptions prove inaccurate, these developments could have material adverse effects on A. Schulman’s business, financial condition and results of operations. A. Schulman does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future. Persons reading this communication are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.

The merger is subject to certain conditions precedent, including regulatory approvals, CFIUS approval and approval from A. Schulman's stockholders.

A. Schulman cannot provide any assurance that the proposed merger will be completed, nor can it give assurances as to the terms on which such merger will be consummated.

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A. Schulman declares regular and convertible special stock cash dividends 

Mar 29, 2018 3:12:33 AM / by Jennifer Beeman

AKRON, Ohio – March 28, 2018 – A. Schulman, Inc. (Nasdaq: SHLM) announces a regular quarterly cash dividend of $0.205 per common share, payable May 1, 2018, to shareholders of record on April 13, 2018.

Additionally, the Company announces the quarterly cash dividend of $15.00 per share on the 125,000 shares of the Company’s convertible special stock, payable on May 1, 2018 to shareholders of record on April 15, 2018.

About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,200 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com

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A. Schulman Reports Fiscal 2018 Second Quarter Results

Mar 29, 2018 2:50:58 AM / by Jennifer Beeman

AKRON, Ohio, March 28, 2018 -- A. Schulman, Inc. (Nasdaq: SHLM) today announced its financial results for the fiscal 2018 second quarter ended February 28, 2018. The Company reported quarterly net income available to common stockholders of $3.5 million, or $0.12 per diluted share. Last year the Company reported second quarter comparable net income of $3.2 million, or $0.11 per diluted share.

Consolidated net sales for the three months ended February 28, 2018 were $650.1 million, a 14.3% increase compared with $568.7 million for the prior period. Excluding the favorable impact of foreign currency of
$43.1 million, net sales increased by 6.7% with positive contributions from all segments primarily due to improved mix and efforts to offset increased raw material prices.

Working Capital/Cash Flow
Net cash used in operations was $12.6 million for the six months ended February 28, 2018, compared to a source of $40.1 million for the six months ended February 28, 2017. Working capital days were 54 at the end of the second quarter compared with 45 days at the end of fiscal 2017, driven by inventory build, higher raw material prices, and the impact of foreign currency translation.

Capital expenditures for the six months ended February 28, 2018 were $13.1 million compared with
$24.5 million in the prior year period. Additionally, the Company declared and paid quarterly cash dividends
to common stockholders of $6.0 million, or $0.205 per common share, and also paid quarterly dividends of
$1.9 million to holders of the convertible special stock. Total debt rose by $33 million since the end of
fiscal 2017.

Income Taxes
As a result of U.S. Tax Reform, the Company will be subject to a U.S. federal statutory tax rate of 25.7% for its fiscal year ending August 31, 2018, which reflects a blended federal statutory rate of 35% for its first four months and 21% for the remaining eight months.

For the quarter, the Company's effective tax rate was significantly lower than the blended U.S. federal statutory rate of 25.7% primarily due to the discrete impacts of U.S. Tax Reform. In the second quarter of fiscal 2018, as a result of U.S. Tax Reform, the Company recorded a discrete non-cash tax benefit of $6.8 million due to the remeasurement of U.S deferred tax assets and liabilities.

In addition, the Company analyzed the impact of the one-time transition tax on deemed repatriated earnings of certain non-U.S. subsidiaries, which should be fully offset by foreign tax credits carried forward from prior years and the related release of valuation allowance previously recorded against those credits. Additional detail is available in the Form 10-Q for the quarterly period ended February 28, 2018.

Pending Merger
On February 15, 2018, LyondellBasell (NYSE: LYB), and A. Schulman, Inc. announced that they have entered into a definitive agreement under which LyondellBasell will purchase 100 percent of A. Schulman common stock for (i) $42.00 per share in cash, without interest and subject to any applicable withholding taxes (the "Per-Share Amount"), and (ii) one contractual contingent value right per share without interest and less applicable withholding taxes (a "CVR"), which will represent the right to receive certain net proceeds, if any, resulting from the Lucent matter (in each case subject to the terms and conditions of the CVR agreement to
be entered into in accordance with the Merger Agreement). There is no guaranty that any payment will be received with respect to the contingent value rights. The proposed acquisition, which has been unanimously approved by the respective boards of LyondellBasell and A. Schulman, is subject to customary closing conditions, including regulatory approvals and approval by A. Schulman stockholders. The acquisition is expected to close in the second half of calendar year 2018.

Additional Information
In light of the pending merger, the Company has suspended its fiscal 2018 guidance. The Company will
not host an investor conference call this quarter. For additional information, including the recently-filed
Form 10-Q, please refer to the Company’s website, www.aschulman.com


About A. Schulman
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,200 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com


Cautionary Statements
A number of the matters discussed in this document that are not historical or current facts deal with potential future circumstances and developments and may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and relate to future events and expectations. Forward-looking statements contain such words as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements are based on management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which
management is unable to predict or control, that may cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements, and that could adversely affect the Company’s future financial performance, include, but are not limited to, the following:
• worldwide and regional economic, business and political conditions, including continuing economic uncertainties in some or all of the Company’s major product markets or countries where the Company has operations;
• risks and uncertainties posed by international operations, including foreign currency fluctuations;
• the business cyclicality of the chemical, polymers and refining industries;
• the effectiveness of the Company’s efforts to improve operating margins through sales growth, price increases, productivity gains, and improved purchasing techniques;
• competitive factors, including intense price competition;
• fluctuations in the value of currencies in areas where the Company operates;
• volatility of prices and availability of the supply of energy and raw materials that are critical to the manufacture of the Company’s products, particularly plastic resins derived from oil and natural gas;
• changes in customer demand and requirements;
• the supply/demand balances for our and our joint ventures’ products, and the related effects of industry production capacities and operating rates;
• effectiveness of the Company to achieve the level of cost savings, productivity improvements, growth and other benefits anticipated from acquisitions and the integration thereof, joint ventures and restructuring initiatives;
• labor conditions;
• our ability to attract and retain key personnel;
• escalation in the cost of providing employee health care;
• uncertainties and unanticipated developments regarding contingencies, such as pending and future litigation and other claims, including legal and environmental proceedings, potential governmental regulatory actions, tax rulings and developments that would require increases in our costs and/or reserves for such contingencies;
• the performance of the global automotive market as well as other markets served;
• further adverse changes in economic or industry conditions, including global supply and demand conditions and prices for products;
• operating problems with our information systems as a result of system security failures such as viruses, cyber-attacks or other causes;
• operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportation interruptions, spills and releases and other environmental risks);
• our current debt position could adversely affect our financial health and prevent us from fulfilling our financial obligations;
• failure of counterparties to perform under the terms and conditions of contractual arrangements, including suppliers, customers, buyers and sellers of a business and other third parties with which the Company contracts; and
• the announcement and pendency of the LyondellBasell merger, including risks arising from the effect thereof on our business relationships (including employees, customers and suppliers), operating results, business generally, and the diversion of management’s attention from our ongoing business operations, risks of failing to consummate the merger in a timely manner, if at all, and risks related to obtaining the requisite consents to the merger could have an adverse effect on our business.

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LyondellBasell Announces Entry into a Definitive Agreement to  Acquire A. Schulman, Inc.

Feb 22, 2018 4:02:38 PM / by Jennifer Beeman


Combination creates a premier global provider of Advanced Polymer Solutions

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A. Schulman Reports Strong Fiscal 2018 First Quarter Results

Jan 9, 2018 3:44:33 AM / by Jennifer Beeman

Net sales increased 12% in the first quarter compared with prior year period
Segment gross margin and adjusted operating margin both improved sequentially from fourth
quarter levels
Strong cash generation in the quarter with total debt reduction of $25 million, compared with
$28 million for full fiscal 2017
Company reiterates fiscal 2018 earnings guidance of $2.00 to $2.20 per diluted share on an adjusted basis; mid-point represents a 20% increase versus prior year

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A. Schulman declares regular and convertible special stock cash dividends

Jan 8, 2018 2:43:17 AM / by Jennifer Beeman

AKRON, Ohio – January 5, 2018 – A. Schulman, Inc. (Nasdaq: SHLM) announces a regular quarterly cash dividend of $0.205 per common share, payable February 1, 2018, to shareholders of record on January 15, 2018.

Additionally, the Company announces the quarterly cash dividend of $15.00 per share on the 125,000 shares of the Company’s convertible special stock, payable on February 1, 2018 to shareholders of record on January 15, 2018.


About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 4,900 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com


Media and Investors:
Jennifer K. Beeman
Vice President, Corporate Communications & Investor Relations
A. Schulman, Inc.
3637 Ridgewood Road
Fairlawn, OH 44333
United States
Tel: +1 330-666-3751
Email: Jennifer.Beeman@aschulman.com 
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A. Schulman to Webcast Fiscal 2018 First-Quarter Earnings Conference Call

Dec 19, 2017 4:44:48 AM / by Jennifer Beeman

AKRON, Ohio – December 18, 2017 – A. Schulman, Inc. (Nasdaq: SHLM) expects to release fiscal 2018 first-quarter results after the market closes on Monday, January 8, 2018. The Company will hold its fiscal 2018 first-quarter earnings conference call on Tuesday, January 9, 2018 at 10 a.m. Eastern time, with Joseph Gingo, president, chairman, and chief executive officer, Gary Miller, executive vice president and chief operating officer, and John Richardson, executive vice president and chief financial officer.

The conference call will be available via a live webcast and a replay will be archived for 90 days. To access the webcast or replay, visit the Company’s website, www.aschulman.com


About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds, composites and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 4,900 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A. Schulman can be found at www.aschulman.com


Media and Investors in United States
Jennifer K. Beeman
Vice President, Corporate Communications & Investor Relations
A. Schulman, Inc.
3637 Ridgewood Road
Fairlawn, Ohio 44333
Tel: +1 330-668-7346
Email: Jennifer.Beeman@aschulman.com 
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A. Schulman Reports Fiscal 2017 Fourth-Quarter and Full Year Results

Oct 26, 2017 2:53:06 AM / by Jennifer Beeman

• Reported fiscal 2017 fourth quarter net sales up approximately 7 percent compared with prior
year period
• Full year cash flow from operations remains strong at $104.7 million
• Reset of business completed with streamlined structure and improved operational stability
• Company provides guidance for fiscal 2018; mid-point of EPS range represents 20% increase

AKRON, Ohio – October 25, 2017 – A. Schulman, Inc. (Nasdaq: SHLM) today announced its financial
results for the fiscal 2017 fourth quarter and full-year results for the year ended August 31, 2017.

For fiscal 2017, the Company reported net income of $25.5 million, or $0.86 per diluted share. Net
income in the fourth quarter was $7.4 million, or $0.25 per diluted share. On an adjusted basis, net
income for fiscal 2017 was $51.8 million, or $1.75 per diluted share, and $9.6 million, or $0.32 per diluted
share, for the fourth quarter. Last year on an adjusted basis, the Company reported full-year net income
of $61.2 million, or $2.08 per share, and fourth-quarter net income of $13.7 million, or $0.47 per diluted
share.

“In fiscal 2017, our goal was to reset the business, setting the stage for the progressive, long-term
shareholder value creation our investors expect from A. Schulman,” said Joseph M. Gingo, chairman,
president and chief executive officer. “I am proud of the progress our team has made this past year. We
have simplified our product family structure, and tackled several difficult operational and consolidation
issues we faced. Further, we enhanced our sales resources and improved our pricing processes to drive
improving operational and financial performance in fiscal 2018 and beyond. We have more work and
opportunities ahead of us.”

Consolidated net sales for fiscal 2017 was $2.5 billion, flat with the prior year. In the fourth quarter,
consolidated net sales were $646.7 million, up approximately 7 percent from last year’s fourth-quarter
consolidated net sales of $604.6 million. Operating income was $85.8 million and $13.1 million, for the
full year and fourth quarter of fiscal 2017, respectively. Operating income, on an adjusted basis, was
$126.5 million for fiscal 2017 and $27.0 million in the fourth quarter. On an adjusted basis, operating
income in fiscal 2016 was $145.9 million for the full year and $33.6 million in the fourth quarter.

Working Capital/Cash Flow
Cash provided from operations was $104.7 million in the twelve months ended August 31, 2017. Working
capital days totaled 45 at fiscal year-end 2017, compared with 48 days at fiscal year-end 2016. Cash flow
was used to reduce total debt by $27.6 million in fiscal 2017, to a net leverage ratio of 4.15x. Since the
purchase of Citadel in mid-fiscal 2015, the Company has paid down approximately $200 million of debt.

Capital expenditures for fiscal 2017 were $36.9 million, compared with $51.2 million last year. Finally,
during fiscal 2017, the Company declared and paid quarterly cash dividends to common shareholders
of $24.2 million, or $0.82 per common share. Additional dividends of $7.5 million were paid to holders of
the convertible special stock.

Business Outlook
Gingo stated, “Our businesses in Latin America and Asia-Pacific are strong and growing – as is our
global Engineered Composites business. In fact, our Latin American region had a record level of
operating income for the year while our Asia-Pacific region reported, excluding foreign currency, a
double-digit increase in operating income. Engineered Composite growth was driven by Quantum®, our
strong carbon fiber sheet molding business. We will continue to invest in growth platforms while building
positive sales momentum in Europe. Lastly, we have stabilized our U.S. and Canada business which will
drive future profitability,” he said.

The Company anticipates adjusted earnings before interest, tax, depreciation and amortization
(“EBITDA”) for fiscal 2018 to be in the range of $220 million to $230 million. Fiscal 2018 adjusted
earnings per share (“EPS”) are expected to be between $2.00 and $2.20 per diluted share. The mid-point
of the EPS estimate represents a 20% increase on a year-over-year basis.

“I believe fiscal 2018 will be the first year in our recovery as we deliver growth that generates strong cash
flows and drives profit,” said Gingo. “If we execute our plan properly and capture the opportunities we’ve
created for ourselves, we will return A. Schulman to a sustainable growth and profitability trajectory that
we experienced prior to fiscal 2015.”

Conference Call on the Web
A live Internet broadcast of A. Schulman’s conference call regarding fiscal 2017 fourth-quarter earnings
can be accessed at 9:00 a.m. Eastern Time on October 26, 2017 on the Company’
website, www.aschulman.com. An archived replay of the call will also be available on the website.

Investor Presentation Materials
Senior executives may participate in meetings with analysts and investors throughout the fiscal year. The
Company has posted presentation materials, portions of which may be used during such meetings, in the
Investors section of its website at www.aschulman.com. The presentation will remain on the website as
long as it is in use.

About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins
headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet
its customers' demanding requirements. The Company's customers span a wide range of markets such
as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care &
hygiene, sports, leisure & home, custom services and others. The Company employs approximately
4,900 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of
approximately $2.5 billion for the fiscal year ended August 31, 2017. Additional information about A.
Schulman can be found at www.aschulman.com

Use of Non-GAAP Financial Measures
This release includes certain financial information determined by methods other than in accordance with
accounting principles generally accepted in the United States (“GAAP”). These non-GAAP financial measures
include segment gross profit, SG&A expenses excluding certain items, segment operating income, operating
income before certain items, net income excluding certain items, net income per diluted share excluding
certain items and adjusted EBITDA, as discussed further in the Reconciliation of GAAP and Non-GAAP Financial Measures below. These non-GAAP financial measures are considered relevant to aid analysis and understanding of the Company’s results and business trends. However, non-GAAP measures are not in
accordance with, nor are they a substitute for, GAAP measures, and tables included in this release reconcile
each non-GAAP financial measure with the most directly comparable GAAP financial measure. The most
directly comparable GAAP financial measures for these purposes are gross profit, SG&A expenses, operating
income, net income and net income per diluted share. The Company’s non-GAAP financial measures are not
meant to be considered in isolation or as a substitute for comparable GAAP financial measures, and should
be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP.

While the Company believes that these non-GAAP financial measures provide useful supplemental
information to investors, there are very significant limitations associated with their use. These non-GAAP
financial measures are not prepared in accordance with GAAP, may not be reported by all of the Company's
competitors and may not be directly comparable to similarly titled measures of the Company’s competitors
due to potential differences in the exact method of calculation. The Company compensates for these
limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by
reviewing the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial
measures.

Cautionary Statements
A number of the matters discussed in this document that are not historical or current facts deal with potential future circumstances and developments and may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and relate to future events and expectations.
Forward-looking statements contain such words as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which management is unable to predict or control, that may cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements, and that could adversely affect the Company’s future financial performance, include, but are not limited to, the following:
• worldwide and regional economic, business and political conditions, including continuing economic
uncertainties in some or all of the Company’s major product markets or countries where the Company
has operations;
the effectiveness of the Company’s efforts to improve operating margins through sales growth, price
increases, productivity gains, and improved purchasing techniques;
competitive factors, including intense price competition;
fluctuations in the value of currencies in areas where the Company operates;
volatility of prices and availability of the supply of energy and raw materials that are critical to the
manufacture of the Company’s products, particularly plastic resins derived from oil and natural gas;
changes in customer demand and requirements;
effectiveness of the Company to achieve the level of cost savings, productivity improvements, growth
and other benefits anticipated from acquisitions and the integration thereof, joint ventures and
restructuring initiatives;
escalation in the cost of providing employee health care;
uncertainties and unanticipated developments regarding contingencies, such as pending and future
litigation and other claims, including developments that would require increases in our costs and/or
reserves for such contingencies;
the performance of the global automotive market as well as other markets served;
further adverse changes in economic or industry conditions, including global supply and demand
conditions and prices for products;
operating problems with our information systems as a result of system security failures such as
viruses, cyber-attacks or other causes;
our current debt position could adversely affect our financial health and prevent us from fulfilling our
financial obligations; and
failure of counterparties to perform under the terms and conditions of contractual arrangements,
including suppliers, customers, buyers and sellers of a business and other third parties with which the
Company contracts.

The risks and uncertainties identified above are not the only risks the Company faces. Additional risk factors
that could affect the Company’s performance are set forth in the Company’s Annual Report on Form 10-K for
the fiscal year ended August 31, 2017. In addition, risks and uncertainties not presently known to the
Company or that it believes to be immaterial also may adversely affect the Company. Should any known or
unknown risks or uncertainties develop into actual events, or underlying assumptions prove inaccurate, these developments could have material adverse effects on the Company’s business, financial condition and results of operations.


Contact
Jennifer K. Beeman
Vice President, Corporate Communications & Investor Relations
A. Schulman, Inc.
3637 Ridgewood Road
Fairlawn, Ohio 44333
Tel: 330-668-7346
Email: Jennifer.Beeman@aschulman.com 
www.aschulman.com 









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A. Schulman declares regular cash dividend on common shares

Oct 16, 2017 9:45:23 AM / by Jennifer Beeman

AKRON, Ohio – October 13, 2017 – A. Schulman, Inc. (Nasdaq-GS: SHLM) today declared a regular
quarterly cash dividend of $0.205 per common share, payable November 1, 2017, to shareholders of record
on October 24, 2017.


About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 4,800 people and has 54 manufacturing facilities globally.
A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2016. Additional information about A. Schulman can be found at www.aschulman.com


Media and Investors
Jennifer K. Beeman
Vice President, Corporate Communications & Investor Relations
A. Schulman, Inc.
3637 Ridgewood Road
Fairlawn, Ohio 44333
Tel: 330-668-7346
Email: Jennifer.Beeman@aschulman.com
Read More