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A. Schulman Profit Rises on Citadel Acquisition

Plastic manufacturer A. Schulman Inc. reported higher fourth-quarter profit, bolstered by its recent acquisition of HGGC Citadel Plastics Holdings, but the company warned that continued market volatility would still weigh on results.

For the current year that ends in August, Schulman projects profit of $2.80 to $2.85 a share, compared with the $2.97 a share projected by analysts.

Shares, down nearly 9% this year, fell 0.24% to $36.95 in late trading.

The Ohio company had reported two consecutive quarters of losses, as results were battered by a stronger U.S. dollar. Though based in the U.S., Schulman does most of its business abroad and has been hit hard...


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