A. Schulman Reports Fiscal 2011 First-Quarter Net Income of $9.2M

A. Schulman, Inc. SHLM announced today earnings for the fiscal 2011 first quarter ended November 30, 2010. The Company reported net income of $9.2 million, or $0.29 per diluted share, compared with $17.0 million, or $0.65 per diluted share, last year. The translation effect of foreign currencies negatively impacted 2011 first-quarter net income by $0.9 million. As expected, profitability declined from last year's first-quarter levels primarily as a result of gross profit per pound contraction from last year's exceptionally high level.