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A. Schulman, Inc.
A. Schulman Modifies Guidance and Further Realigns Operations in Europe and Mexico
March 20th, 2009
A. Schulman, Inc. (NASDAQ: SHLM) announced that it is withdrawing its previous fiscal 2009 financial guidance, issued on January 9, 2009. The previous guidance had been expressly premised upon a recovery in demand that has not materialized thus far through the Company's fiscal second quarter, which ended February 28, 2009, and which does not seem imminent. The Company anticipates resuming annual guidance once the global economic situation becomes clearer. A. Schulman's cash position has continued to improve as the Company manages its balance sheet and conserves capital. Cash at January 31, 2009 was $139 million compared with $116 million at November 30, 2008, the end of...
Source: Health Business Week (2009-03-20)
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