Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

A. Schulman Reports on Fiscal 1Q 2012
Jan 6, 2012
 Printable format
 Email this Article
 Search

A. Schulman, Inc., supplier of plastic compounds and resins to the appliance and other industries, reported net income was $13.6 million in the first quarter of its fiscal year 2012, up from $9.2 million, in the first quarter of the previous fiscal year. 1Q net sales were $517.3 million, up 4.4% from $495.4 million in 1Q fiscal 2011. Gross profit for the quarter was $69.5 million, up from $69.1 million last year. First-quarter operating income was $22.3 million up from $17.1 million.

"We saw improvement in our Americas region which is a direct result of our strategy to shift our product mix away from commodity products and focus on more profitable markets," said Joseph M. Gingo, chairman, president, and CEO. "As we build U.S. presence in our masterbatch, niche engineered plastics, and specialty powders business, we expect to see further improvements in the region. Despite the overall economic softness in Europe, the majority of our European business is directed at the northern section of the Euro Zone, which has proven to be stronger and more resilient during this economic downturn."

The company expects 2Q fiscal 2012 to see declining demand in Europe and to produce volume declines. EMEA and Americas segments' ongoing restructuring and efficiency efforts should help.

Back to Daily News

 

Daily News

...........................................................

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows