A. Schulman swings to Q2 fiscal 2017 net income of USD3.2m
Apr 05, 2017 (M2 EQUITYBITES via COMTEX) --
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Plastic compounds company A. Schulman Inc (NasdaqGS:SHLM) stated on Tuesday that its net income was USD3.2m for the second quarter fiscal 2017.
This marks an improvement when compared with a loss of USD0.3m in the year-ago period.
Consolidated net sales of USD568.7m were recorded for the second quarter fiscal 2017, down over net sales of USD591.8m in the second quarter of fiscal 2016.
Adjusted EBITDA of USD46.7m were reported for the second quarter fiscal 2017, a decline from USD49.7m in the prior year period.