A. Schulman Inc. (SHLM) reported third-quarter net income attributable to the company of $17.0 million, or $0.57 per share, compared to $18.8 million, or $0.60 per share, for the comparable period last year. The translation effect of foreign currencies negatively impacted net income for the quarter by $0.8 million.
Excluding items, net income for the fiscal 2012 third quarter was $20.4 million, or $0.69 per share, up from $20.3 million, or $0.65 per share in the prior-year quarter. On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the fiscal 2012 third quarter were $569.11 million, compared with $611.14 million in the year-ago period. The decrease was primarily a result of the $23.5 million negative impact of foreign currency translation and a 7% decrease in volume.
A. Schulman expects full-year net income for fiscal 2012 to be in the range of $2.03 to $2.07 per share. Analysts currently expect fiscal 2012 earnings of $2.01 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.