Events Calendar
In This Section
Local families get helping hand
FAA reportedly eyes hefty fines for American
Texas company buys vast gas resources
Google lowers fee for breaking phone contract
Buffett joins with Paulson in predicting big payback
Toyota recalls Prius, hybrids over glitch in brake software
EU's decision to assist Greece gives Dow boost
Google e-mail service to add features for social networking
Most Read Stories
Man robbed at Tallmadge Avenue eatery
Four teens restrain man, take items from his Akron home
Police: Ohio girl dies after fall into snow bank
Another winter punch heading toward Ohio
Complaints against officer keep coming
Cuyahoga Falls residents come home to find burning couch on balcony
Blogs:
First Bell - On Education:
No City of Akron basketball tonight
Pets:
Pet telethon re-airs
The Heldenfiles:
Chipmunks "Squeakquel" on DVD/BD March 30
Akron Zips:
Late surge gives Zips ugly road win
Tribe Matters:
Blogmail response on Hafner
Cleveland Browns:
Stallworth's contract terminated
Balanced Ledger:
QB in Browns future: another mock draft
Kent State Sports:
KSU Notes – February 9
Cleveland Cavaliers:
NBA Power Rankings from Around the Internet
Buckeye Blogging:
Buckeyes grab 18 players on signing day
Varsity Letters:
Garfield at Buchtel basketball
All Da King's Men:
Palin At The Tea Party Convention
Blog of Mass Destruction:
Republican Pre-Conditions
Akron Law Café:
Citizens United v. F.E.C. (Part 4): Kennedy's and O'Connor's Basic Approaches to Constitutional Decisionmaking – Top Down and Bottom Up
Car Chase:
Collector Car Hobby Loses One of the Best—Jim Roll
Let's Talk Real Estate:
Decisions Decisions: Credit Cards or Your Mortgage?
Ohio Travels with Betty:
Loucile is looking for a Lake Erie getaway in June for three kids, ages 1, 3, and 5.
Sound Check:
Talk of the Town – Top entertainment picks for the weekend
HRLite House:
Track HR Research
Akron Gamer:
'Tecmo Bowl' recreation of Super Bowl XLIV
See Jane Style:
Do IT this week: Layering
Published on Wednesday, Jul 08, 2009
A. Schulman reports
third-quarter results
Resin maker and compounder A. Schulman Inc. (Nasdaq: SHLM) reported net income for its third quarter ending May 31 of $7.4 million, or 29 cents per share, up 4.2 percent from $7.1 million, or 26 cents per share, a year ago.
But sales and profitability results remained well below 2008 pre-recessionary levels, the Fairlawn company reported late Tuesday.
Quarterly profits rose because of cost-reduction efforts and a favorable product line mix, as net sales for the fiscal third quarter were $297.7 million, down 41.8 percent from $511.8 million a year ago.
The company said it maintained strong liquidity with cash at $202.5 million compared with $141.3 million at the end of the second quarter this year.
Executives have scheduled a Webcast conference call with investors for 11 a.m. today. The call can be accessed at http://www.aschulman.com.
can build tower
Lockheed Martin will build a new, 97-foot-high optical test tower on city-owned land at Derby Downs.
The Akron City Council voted Monday to allow the company to build the tower.
Jim Mascolino, a senior manager for Lockheed Martin, said the company has been using the shorter, former FAA tower at Derby Downs on George Washington Boulevard to conduct different optical tests. He said the new tower will have more space and better access for employees.
The updated tower is expected to help the company attract additional and larger commercial clients.
The tower will be 350 feet from residential homes and the company's testing is expected to be intermittent and not cause disruptions.
No concerns were raised about the new tower during two public hearings the council held Monday.
RPM International
announces dividend
RPM International Inc. (NYSE: RPM) of Medina announced a quarterly cash dividend of 20 cents a share, payable July 31 to stockholders of record July 17. The company said it is a 5.3 percent increase from a year ago.
The company said it is the 35th consecutive year of increased cash dividends, placing RPM among less than half of 1 percent of 19,000 publicly traded U.S. companies.
Electric wholesaler
changes its name
COLUMBUS: American Municipal Power-Ohio has a new name.
The electric wholesaler is now American Municipal Power Inc., or AMP, to better reflect its operations in six states.
AMP's membership consists of 128 municipal electric systems in Ohio, Pennsylvania, Michigan, Virginia, Kentucky and West Virginia. Local members include Cuyahoga Falls, Wadsworth, Hudson, Orrville, Seville, Beach City, Brewster and Lodi.
AMP is developing new coal-fired power plants in Illinois and southern Ohio.
A. Schulman reports
third-quarter results
Get the full article here.
Comments
Click here to post your comments
