Spartech (SEH) Tosp Reports Q3 EPS of $0.18
More News related to SEH
- Spartech Announces Divestiture of Wheels Business
- Morning Movers 9/10: DVAX, DARA, GNBT, XRTX, NCS Higher; PLAB, SEH, NAV Lower
- Spartech (SEH) Tosp Reports Q3 EPS of $0.18
- Trading Radar for 9/9: Smith & Wesson (SWHC), Talbots (TLB), K12 (LRN), Korn Ferry (KFY), Men's Wearhouse (MW), NCI Building (NCS) Report; Crude Inventories, Fed's Beige Book Due
- KeyBanc Upgraded PolyOne (POL) to Buy
Spartech Corporation (NYSE: SEH) reported Q3 EPS of $0.18, ex-restructuring and exit costs, versus the consensus of $0.16. Net sales fell 30% to $241.7 million.
Commenting on its outlook, Spartech said, Volumes in many of the markets we serve stabilized in the third quarter, albeit at continued low levels of end-market demand. We are cautiously optimistic by this general stabilization and improved customer sentiment, but our operating plans assume the lower demand levels will continue through 2009 and that end-market demand will remain weak. The level of general economic demand and its ultimate impact on the end markets we serve are still uncertain. In addition, we continue to manage through a volatile raw material pricing environment. We continue to execute our improvement initiatives and focus on maximizing cash flows. We expect to emerge from this recessionary environment as a stronger company that is better able to leverage its cost structure and better positioned to generate profitable growth and enhanced shareholder returns.
Related Categories
EarningsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
