A. Schulman (SHLM) Expects to Report Stronger FY11 Net Income

A. Schulman, Inc. (Nasdaq: SHLM) announced today that, based on unaudited and preliminary results, it expects to report adjusted net income of approximately $58 million for its fiscal year ended August 31, 2011. On August 25, 2011, the Company said it was likely to report between $50 million and $52 million of adjusted net income for the year.

The improvement in adjusted net income compared with the Company’s guidance was driven primarily by unexpected strength in volume, improved margins, and favorable tax adjustments that positively impacted fiscal 2011 fourth-quarter and full-year results:

• An unanticipated volume improvement in the European distribution business occurred late in the fourth quarter, which the Company believes was the result of increased buying patterns by customers in anticipation of rising raw material prices.
  
  
• The Company also experienced unanticipated general margin expansion across all of its businesses.
  
  
• In addition, the Company recorded customary annual tax adjustments which contributed more favorably to net income than usual.

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