A. Schulman (SLMNP) 8-K Material Modifications to Rights of Security Holders

Exhibit 12.1

A. SCHULMAN, INC.

Calculation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

(Amounts in Thousands, Except Ratios)

	Pro forma six months ended February 28,			Pro forma twelve months ended August 31,			Six months ended February 28,		Twelve months ended August 31,
	2015			2014			2015		2014			2013		2012		2011		2010
Pretax Income from continuing operations before adjustment for income or loss from equity investees	$	5,760		$	11,270		$	21,323	$	72,422		$	53,732	$	66,827	$	66,139	$	43,713
Fixed charges (from below)		40,130			80,505			7,370		14,036			11,890		11,818		9,663		7,477
Income (loss) from equity investees		42			93			19		(90	)		—		—		—		—
Less: preferred share dividends		(3,713	)		(7,425	)		—		—			—		—		—		—
Earnings	$	42,219		$	84,443		$	28,712	$	86,368		$	65,622	$	78,645	$	75,802	$	51,190
Interest expense (a)		33,234			66,643			4,670		8,503			7,657		8,351		6,430		5,010
Interest portion of rental expense (b)		3,183			6,437			2,700		5,533			4,233		3,467		3,233		2,467
Preferred share dividends		3,713			7,425			—		—			—		—		—		—
Fixed charges	$	40,130		$	80,505		$	7,370	$	14,036		$	11,890	$	11,818	$	9,663	$	7,477
Ratio of earnings to combined fixed charges and preference dividends		1.05			1.05			3.90		6.15			5.52		6.65		7.84		6.85

(a) Includes amortization of deferred financing costs

(b) Interest portion of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.