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Article: Spartech Posts Lackluster Q3 - Analyst Blog

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Zacks Investment Research - Analyst Blog
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September 11, 2009
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Spartech Posts Lackluster Q3 - Analyst Blog


Spartech Corp. ( SEH ) recently posted lackluster third-quarter results as recessionary conditions affected demand for its products. The company stated that GAAP net income plunged 66% year over year to $1.5 million. Excluding restructuring charges, earnings per share came in at 18 cents, missing the Zacks Consensus Estimate by a penny.

Spartech is an intermediary processor of engineered thermoplastics. It converts base polymers or resins into extruded plastic sheet and rollstock, thermoformed packaging, specialty film laminates, acrylic products, specialty plastic alloys, color concentrates and blended resin compounds, injection molded ...

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