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SCHULMAN A INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Jun 28, 2018. Its latest SEC filing is a 15-15D/A from Jan 17, 2020.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Makes custom color concentrates, masterbatches and specialty powders for manufacturers serving packaging, consumer products and industrial markets.

How Did They Make Money?

Customers buy the company's formulated plastic products, resins and services. For product sales, payment is tied to delivery of the goods.

FY2017 revenue

Who Were Their Customers?

It sells to manufacturers in packaging, mobility and construction markets, including major global vehicle makers; polymer-resin customers can also receive sales, marketing and technical support.

Did Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in FY2017 and turned 3 cents into free cash flow.

Operating income, FY2017
3% of revenue
▲ Now profitable vs FY2016 (−$309.2M, −12%)
Net income, FY2017
1% of revenue
▲ Now profitable vs FY2016 (−$357.1M, −14%)
Free cash flow, FY2017
3% of revenue
▼ −30% vs FY2016 ($96.9M, 4%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to May 31, 2018
Revenue
▲ +12%
vs $645.8M in Q3 FY2017
Net income
▼ −68%
vs $15.8M in Q3 FY2017
  • Aug 21, 2018 LyondellBasell completed its acquisition of A. Schulman
  • Jun 14, 2018 Shareholders approved the merger with LyondellBasell
  • Feb 15, 2018 LyondellBasell agreed to acquire A. Schulman

Grew. Revenue grew 15% in 4 years, from $2.1B in FY2013 to $2.5B in FY2017, about 4% a year.

Product family grouping Custom colors, masterbatches and specialty powders are presented together under Custom Concentrates and Services; the earlier report listed them as separate product families.

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