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A Schulman posts lower adjusted earnings per share of USD0.63 for Q3 fiscal 2017
Jun 29, 2017 (M2 EQUITYBITES via COMTEX) -- (C)1994-2017 M2 COMMUNICATIONS http://www.m2.com

Plastic compounds company A Schulman Inc (Nasdaq:SHLM) disclosed on Wednesday its adjusted earnings per share of USD0.63 for the quarter ended 31 May 2017.

This is a decline in earnings when compared with adjusted USD0.79 in the third quarter of fiscal 2016. The fiscal 2017 third quarter adjusted earnings per diluted share of USD0.63 includes the negative effect of foreign currency of USD0.04 over the prior year period.

Consolidated net sales of USD645.8m were recorded for the fiscal 2017 third quarter, down over consolidated net sales of USD650.4m in the same prior-year quarter. Excluding the negative impact of foreign currency translation in the third quarter of fiscal 2017 of USD16.3 million, net sales escalated by 1.8% from a year ago.

Adjusted EBITDA of USD56m was reported for Q3 fiscal 2017, a decline from Adjusted EBITDA of USD66.9m in the third quarter of fiscal 2016.


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