A. Schulman Inc. (SHLM) filed Quarterly Report for the period ended 2011-05-31.

A. Schulman Inc. has a market cap of $787.1 million; its shares were traded at around $25.51 with a P/E ratio of 16.1 and P/S ratio of 0.5. The dividend yield of A. Schulman Inc. stocks is 2.4%.

Highlight of Business Operations:

EMEA operating income for the three months ended May 31, 2011 was $25.7 million, an increase of $3.4 million, compared with last year. Including the ICO effect, operating income increased $1.9 million due to an increase in gross profit partially offset by an increase in selling, general and administrative expenses of $1.2 million compared with the prior year. Selling, general and administrative expenses were favorably impacted by decreases in bad debt and bonus expenses of $1.3 million and $1.1 million, respectively, offset by an increase in equity compensation expense of $0.6 million.

EMEA operating income for the nine months ended May 31, 2011 was $66.9 million, an increase of $10.1 million compared with last year. Including the ICO effect, operating income increased $6.3 million. The increase in operating income in fiscal 2011 was primarily due to a $9.3 million decrease in selling, general and administrative expenses. The decrease in selling, general and administrative expenses was primarily due to a decline in bad debt expense of $8.2 million, as fiscal 2010 included a large bad debt charge in Europe for a certain customer and a decrease in bonus expense of $2.4 million. This was partially offset by increased expenses for a trade show which only occurs every three years.

Operating income for the Americas for the three months ended May 31, 2011 was $4.9 million compared with $2.0 million last year. Including the ICO effect, profitability increased $0.5 million primarily due to improved gross margins per pound and higher volumes. Selling, general and administrative expenses increased $2.8 million due primarily to the formation of the Company’s Americas management team; however, the increase was partially offset by declines in bonus and bad debt expenses of $1.6 million and $0.2 million, respectively.

Operating income for the nine months ended May 31, 2011 was $12.1 million compared with $5.1 million last year. Including the ICO effect, operating income increased approximately 8% compared with the prior year, due to the increase in gross profit offset by a $5.0 million increase in selling, general and administrative expenses. The increase is primarily due to the formation of the Company’s Americas management team partially offset by declines in bonus and bad debt expenses of $1.9 million and $1.3 million, respectively.

APAC operating income for the nine months ended May 31, 2011 was $3.9 million compared with $2.4 million last year. Including the ICO effect, operating profit increased by $2.0 million. The increase in profitability was due to the increase in gross profit and a decrease of $0.9 million in selling, general and administrative expenses.

Total segment gross profit, excluding certain items for the nine months ended May 31, 2011 and 2010 was $214.8 million and $176.0 million, respectively, an increase of $38.8 million. The foreign currency translation effect negatively impacted gross profit by $0.1 million. Including the ICO effect, gross profit for the nine months ended May 31, 2011 increased $4.0 million; however, overall gross profit per pound was down approximately 1% primarily due to margin declines in the EMEA segment.

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