A. Schulman Inc. (SHLM) reported fourth-quarter net income attributable to the company of $11.2 million, or $0.38 per share, compared to net income of $5.9 million, or $0.19 per share, for the comparable period last year.
Excluding certain items, net income for the quarter was $14.1 million, or $0.48 per diluted share, compared with $15.0 million, or $0.49 per share, for the prior-year period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.
The translation effect of foreign currencies negatively impacted net income for the quarter by $1.7 million, or $0.06 per share, on a non-GAAP basis.
Net sales for the fiscal 2012 fourth quarter were $524.4 million compared with $578.1 million for the same period last year. Net sales declined by $53.7 million, or 9.3%. Volume declined 3.7% in the quarter compared with the same quarter last year. Excluding the translation effect of foreign currencies, net sales increased by $3.7 million in the fourth quarter compared with the same period last year.
The company said it does anticipate pressure in its fiscal 2013 first-quarter results but expect stronger performance in subsequent quarters compared with the prior year.
The company expects full-year fiscal 2013 net income, excluding certain items, to be in the range of $2.14 to $2.19 per share. Analysts expect the company to report earnings of $2.21 per share for fiscal 2013.
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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.