A. Schulman Lowers 2017 Adj. EPS Guidance - Quick Facts

(RTTNews) - A. Schulman, Inc. (SHLM) lowered its 2017 adjusted net income guidance range to $1.60 to $1.70 per share and adjusted EBITDA to $200 to $204 million. The company said the revision is driven by margin compression in the European business as well as weakened operating results from previous forecasts in certain other regions.

Joseph Gingo, CEO, said: "While our volumes in Europe remain on track with our expectations, we are incurring significant margin pressure in the region due to the magnitude and timing of raw material cost increases. This compression compounds the macroeconomic headwinds and previously disclosed operational challenges thus making our full-year guidance unattainable, despite the continued progress we are making in this reset year."