A. Schulman (SHLM) Cuts FY EPS Guidance

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Go back to A. Schulman (SHLM) Cuts FY EPS Guidance

A. Schulman Revises Fiscal 2017 Guidance

July 20, 2017 8:16 AM EDT

AKRON, Ohio, July 20, 2017 /PRNewswire/ -- A. Schulman, Inc. (Nasdaq: SHLM) announced today that it is lowering its full-year 2017 adjusted net income guidance range to $1.60 to $1.70 per diluted share and adjusted EBITDA to $200 to $204 million. This revision is driven by margin compression in the Company's European business as well as weakened operating results from previous forecasts in certain other regions.

"While our volumes in Europe remain on track with our expectations, we are incurring significant margin pressure in the region due to the magnitude and timing of raw material cost increases,"... More