SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.   20549

Form 10-Q


QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE 
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended August 2, 1997


Commission File Number 1-5911

                 SPARTECH CORPORATION                  
(Exact name of registrant as specified in its charter)

                     DELAWARE                             43-0761773            
(State or other jurisdiction of              (I.R.S Employer
 incorporation or organization)             Identification No.)

7733 Forsyth Boulevard, Suite 1450, Clayton, Missouri,  63105
(Address of principal executive offices)

(314) 721-4242
(Registrant's telephone number, including area code)



  Indicate by checkmark whether the Registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months, and (2) has been subject to such filing 
requirements for the past 90 days.
                                              Yes   x   No        

    Number of common shares outstanding as of August 2, 1997:

     Common Stock, $.75 par value per share                      26,428,339

SPARTECH CORPORATION AND SUBSIDIARIES

INDEX

August 2, 1997



PART I.   FINANCIAL INFORMATION                           PAGE
          CONSOLIDATED CONDENSED BALANCE SHEET -
          as of November 2, 1996 and August 2, 1997         3

          CONSOLIDATED CONDENSED STATEMENT OF               
          OPERATIONS - for the quarter and nine months
          ended August 3, 1996 and August 2, 1997           4

          CONSOLIDATED CONDENSED STATEMENT OF               
          CASH FLOWS - for nine months ended 
          August 3, 1996 and August 2, 1997                 5

          NOTES TO CONSOLIDATED FINANCIAL STATEMENTS        6

          MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS     9


PART II.  OTHER INFORMATION                                13
          
          SIGNATURES                                       14

PART I - FINANCIAL INFORMATION

                                   Item 1.  FINANCIAL STATEMENTS

SPARTECH CORPORATION AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEET
(Dollars in thousands, except share amounts)

ASSETS
                                                          Aug. 2, 1997
                                           Nov. 2, 1996   (unaudited) 
Current Assets                                              
  Cash and equivalents                              $  4,685       $   3,930
  Receivables, net                                    66,176          63,309
  Inventories                                         53,981          53,695
  Prepayments and other                                3,315           2,300
     Total Current Assets                            128,157         123,234

Property, Plant and Equipment                        146,948         153,589    
  Less accumulated depreciation                       34,593          41,934
     Net Property, Plant and Equipment               112,355         111,655

Goodwill                                              46,348          45,007

Other Assets                                           2,100           3,913
                                                    $288,960        $283,809

LIABILITIES AND SHAREHOLDERS' EQUITY

                                   Current Liabilities
  Current maturities of long-term debt              $    995         $   975
  Accounts payable                                    40,178          39,009
  Accrued liabilities                                 23,022          21,321
  Due to Hamelin Group Inc.                            9,701               -
     Total Current Liabilities                        73,896          61,305

Long-Term Debt, Less Current Maturities               97,471          92,936

Other Liabilities                                      5,198           5,635

     Total Long-Term Liabilities                     102,669          98,571

Shareholders' Equity
  Common stock, 26,609,554 shares issued 
     in 1996 and 26,619,154 shares issued 
     in 1997                                          19,957          19,964
  Contributed capital                                 90,708          89,004
  Retained earnings                                    2,703          17,628   
  Treasury stock, at cost, 209,100 shares 
     in 1996 and 190,815 shares in 1997                (2,061)        (2,259)
  Cumulative translation adjustments                   1,088            (404)

     Total Shareholders' Equity                      112,395         123,933
                                                    $288,960        $283,809

See accompanying notes to consolidated financial statements.


SPARTECH CORPORATION AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS
(Unaudited and amounts in thousands, except per share data)

                                    QUARTER ENDED      NINE MONTHS ENDED 
                                       Aug. 3,    Aug. 2,   Aug. 3,   Aug. 2,
                                          1996      1997      1996       1997 

Net Sales                             $ 101,223  $123,170  $287,019  $366,372

Costs and Expenses
  Cost of sales                          85,029   102,735   242,954   306,671
  Selling and administrative              6,550     7,473    18,139    22,327
  Amortization of intangibles               238       337       619       983
                                         91,817   110,545   261,712   329,981

Operating Earnings                        9,406    12,625    25,307    36,391
  Interest                                1,376     1,771     3,577     5,774

Earnings Before Income Taxes              8,030    10,854    21,730    30,617
  Income Taxes                            3,010     4,123     8,149    11,732

Net Earnings                           $  5,020  $  6,731 $  13,581  $ 18,885


Net Earnings Per Common Share:

  Primary                              $    .20  $    .24  $    .55  $    .68
  Fully diluted                        $    .20  $    .24  $    .55  $    .68

Weighted Average Number of 
 Shares Used in Computing Net 
 Earnings per Common Share:

  Primary                                24,792    27,988    24,536    27,822
  Fully diluted                          24,792    28,173    24,777    27,972

Dividends Per Common Share             $    .04  $    .05  $    .11  $    .15




See accompanying notes to consolidated financial statements.




SPARTECH CORPORATION AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENT OF CASH FLOWS
(Unaudited and dollars in thousands)

                                                  NINE MONTHS ENDED           
                                                 Aug. 3, 1996   Aug. 2, 1997

Cash Flows From Operating Activities
  Net earnings                                     $  13,581        $ 18,885
  Adjustments to reconcile net earnings 
     to net cash provided by operating 
     activities:                                            
       Depreciation and amortization                   5,065           8,488
       Change in current assets and 
          liabilities, net of effects of
          acquisitions                                 (6,557)           367
       Other, net                                      1,626             (65)
     Net cash provided by operating 
       activities                                     13,715          27,675

Cash Flows From Investing Activities
  Capital expenditures                                (6,295)         (8,522)
  Business acquisitions, net of cash
     acquired                                     (17,562)            (9,701)
  Retirement of assets                                    30             256
     Net cash used for investing activities          (23,827)        (17,967)

Cash Flows From Financing Activities
  Net borrowings (payments) on revolving 
     credit facilities                                13,440          (4,200) 
  Payments on bonds and leases                            -             (324)
  Cash dividends on common stock                       (2,580)        (3,959)
  Stock options exercised                                184           1,431
  Treasury stock acquired                              (1,306)        (3,326)
     Net cash provided by (used for) 
       financing activities                             9,738        (10,378)

     Effect of exchange rate changes on cash 
       and equivalents                                      -            (85)

Increase (Decrease) In Cash and Equivalents              (374)          (755)

Cash and Equivalents At Beginning Of Period             3,505          4,685  
Cash and Equivalents At End Of Period                $  3,131       $  3,930


See accompanying notes to consolidated financial statements.



SPARTECH CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited and dollars in thousands, except per share amounts)
                                   NOTE A - Basis of Presentation

  The accompanying consolidated financial statements include the accounts of 
Spartech Corporation and its wholly-owned subsidiaries (the "Company").  These 
financial statements have been prepared on a condensed basis and, accordingly, 
certain information and note disclosures normally included in financial 
statements prepared in accordance with generally accepted accounting principles 
have been condensed or omitted pursuant to the rules and regulations of the 
Securities and Exchange Commission.  In the opinion of management, the financial
statements contain all adjustments (consisting solely of normal recurring 
adjustments) and disclosures necessary to make the information presented therein
not misleading.  These financial statements should be read in conjuction with 
the consolidated financial statements and accompanying footnotes thereto 
included in the Company's November 2, 1996 Annual Report on Form 10-K.

  The Company's fiscal year ends on the Saturday closest to October 31.  Fiscal
year 1996 included 53 weeks compared to 52 weeks for fiscal 1997.  As a result,
the first quarter and nine months ended August 3, 1996 consisted of 14 and 40 
weeks, compared to the 13 and 39 weeks for the respective 1997 periods.  
Operating results for any quarter are traditionally seasonal in nature and are 
not necessarily indicative of the results expected for the full year.


NOTE B - Inventories

 Inventories are valued at the lower of cost (first-in, first-out) or market.  
Inventories at November 2, 1996 and August 2, 1997 are comprised of the 
following components:

                                                        1996            1997  
          Raw materials                             $ 34,778        $ 36,075
          Finished goods                              19,203          17,620

                                                    $ 53,981        $ 53,695


SPARTECH CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited and dollars in thousands, except per share amounts)
                                   NOTE C - Cash Flow Information

  Supplemental information on cash flows and noncash transactions for the nine 
months ended August 3, 1996 and August 2, 1997 is as follows:

                                                        1996            1997 
  Cash paid for:  
     Interest                                       $  2,352        $  2,989
     Income taxes                                   $  6,205        $  7,786


NOTE D - Commitments and Contingencies
  The Company currently has no litigation with respect to any environmental 
matters.

Note E - Earnings Per Share

  In February 1997, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 128 - "Earnings per Share" ("SFAS 128") which
specifies the computation, presentation and disclosure requirements for EPS.  
SFAS 128 replaces the presentation of primary and fully diluted EPS pursuant to 
Accounting Principles Board Opinion No. 15 - "Earnings per Share" ("APB 15") 
with the presentation of basic and diluted EPS.  Basic EPS excludes dilution and
is computed by dividing net income available to common stockholders by the 
weighted average number of common shares outstanding for the period.  Dilted EPS
reflects the potential dilution that could occur if securities or other 
contracts to issue issue common stock were exercised or converted into common
stock or resulted in the issuance of common stock that then shared in the 
earnings of the entity.  The Company is required to adopt SFAS 128 beginning 
with its financial statements for the first quarter ending January 31, 1998 and
restate all prior-period EPS data.  The Company will continue to account for EPS
under APB 15 until that time.  Under SFAS 128, the Company's basic EPS for the 
three months ended August 2, 1997 and August 2, 1996 was .25 and .21 per share, 
respectively, and the Company's diluted EPS for the three months ended August 2,
1997 and August 3, 1996 was .24 and .20 per share, respectively.  For the nine 
months ended August 2, 1997 and August 3, 1996 basic EPS was .72 and .58 per 
share, respectively and diluted EPS was .68 and .55 per share, respectively.

SPARTECH CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited and dollars in thousands, except per share amounts)
Note F - Subsequent Event--Acquisition

     On August 22, 1997, Spartech Corporation ("the Company") completed the 
acquisition of the net assets of the Preferred Plastic Sheet Division of 
Echlin Inc. ("Preferred") Extrusion Division.  The purchase included four 
manufacturing facilities that produce rigid plastic sheet & rollstock, as well 
as profile extruded products, with combined annual sales of approximately $75 
million.  The purchase price for Preferred's net assets, was approximately $65 
million. The acquisition was primarily financed by a $60 million private 
placement of debt at fixed interest rate of 7.0%.

Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATIONS

Results of Operations

  The Company's fiscal year ends on the Saturday closest to October 31.  Fiscal 
year 1996 included 53 weeks compared to 52 weeks for fiscal 1997.  As a result, 
the first quarter and nine months ended August 3, 1996 consisted of 14 and 40 
weeks, compared to the 13 and 39 weeks for the respective 1997 periods.  The 
operating results presented below include discussions as a percentage of sales,
and where indicated, certain 1996 amounts have been adjusted to reflect a 39-
week period for more meaningful comparisons.

 Net sales were $123.2 million and $366.4 million for the quarter and nine 
months ended August 2, 1997, representing a 22% and 30% increase  from the 
similar periods in 1996.  These results include an increase in pounds sold by 
each of the Company's industry group's and the effects of the second-half 1996 
acquisitions of Portage Industries and the Hamelin Group Inc. For the nine month
period, the consolidated increase resulted from a 6% increase in overall pounds
shipped and a 27% increase in net sales related to the second-half 1996 
acquisitions, net of a 3% decline related to changes in prices an mix of 
products sold in the period.  


  Net sales of the Extruded Sheet & Rollstock Group increased approximately 8% 
for the quarter ended August 2, 1997 and 17% for the nine months ended August 2,
1997 over the 1996 periods.  The increase in Extruded Sheet & Rollstock sales 
for the nine months resulted from a 7% increase in pounds shipped as a result of
strong sales to the packaging and sign/advertising markets and a 13% increase in
net sales related to the second-half 1996 acquisitions of Portage and 
GM-Plastics, while price and product mix changes had a negative 3% impact on 
sales.  Net sales in the Color & Specialty Compounds Group increased by 33% for 
the quarter and 28% for the nine month period in 1997 versus the comparable 1996
periods.  The increase in Color & Specialty Compound sales for the nine months 
resulted from a 4% increase in pounds shipped and a 30% increase in net sales 
related to the 1996 Korlin acquisition, net of a 6% decline related to changes
in prices and mix of products sold in the period.  The Molded Products Group 
added approximately $9.6 million and $32.5 milion in net sales for the quarter 
and nine months ended August 2, 1997.

 Cost of sales increased to $102.7 million for the quarter ended August 2, 1997 
compared with $85.0 million for the same period of 1996, but decreased to 83.4% 
of net sales for 1997 from 84.0% for 1996. The cost of sales percentages were 
83.7% and 84.6% for the nine months ended August 2, 1997 and August 3, 1996, 
respectively.  The more favorable cost of sales percentages in 1997 reflect 
improved production efficiencies and a decline in certain raw material prices, 
partially offset by an increase in depreciation as a result of capital 
expenditures incurred by the company during the last 12 months.

 Selling and administrative expenses were $7.5 million and $22.3 million for the
quarter and nine months ended August 2, 1997 compared to $6.6 million and $18.1 
million for the similar periods in 1996.  On a percentage of net sales basis, 
selling and administrative costs for the quarter decreased to 6.1% in 1997 from 
6.5% for the same quarter in 1996.  The percentage for the nine months of 1997 
of 6.1% decreased from 6.3% for the prior year as a result of continued cost 
containment efforts and the effect of the increased sales volume on the fixed 
portion of the costs.

  Operating earnings for the quarter ended August 2, 1997 were $12.6 million 
(10.3% of net sales) compared to $9.4 million (9.3% of net sales) for the 
corresponding period in 1996.  Operating earnings for the nine months ended 
August 2, 1997 were $36.4 million (9.9% of net sales) compared to $25.3 million
(8.8% of net sales) for the nine months in 1996.  These gains in operating 
earnings were achieved through increased sales levels, improved production 
efficiencies, cost containment efforts, and the declines in raw material prices
discussed above.

 Interest expense for the quarter and nine months ended August 2, 1997 of $1.8 
million and $5.8 million increased from the same periods in 1996 as a result of 
the additional borrowings related to the Portage and Hamelin Group acquisitions
completed in the last half of 1996.  However, interest expense for the third 
quarter was down 15% from the $2.1 million level in the immediately preceding 
quarter, due to the paydown of nearly $14 million of the revolving credit
facility within the third quarter of 1997.

 The Company's effective tax rate was 38.3% for the nine months of 1997 which is
 up nearly one percentage point from 1996.

Environmental and Inflation

  The Company is subject to various laws governing employee safety and federal, 
state, & local laws, and regulations governing the quantities of certain 
specified substances that may be emitted into the air, discharged into 
interstate and intrastate waters, and otherwise disposed of on and off the 
properties of the Company.  The Company does not anticipate that future 
expenditures for the compliance with such laws and regulations will have a 
material effect on its capital expenditures, earnings, or competitive position.

 The plastic resins used by the Company in its production process are crude oil
or natural gas derivatives and are available from a number of domestic and 
foreign suppliers.  Accordingly, the Company's raw materials are only somewhat 
affected by supply, demand and price trends of the petroleum industry; pricing 
of the resins tends to follow its own supply and demand equation except in 
periods of anticipated or actual shortages of crude oil or natural gas.  The 
Company is not aware of any trends in the petroleum industry which will 
significantly affect its sources of raw materials in 1997.

 The effects of inflation have not been significant on the overall operations of
the Company during the last few years.  No material amount of the Company's 
sales are made pursuant to fixed price, long-term contracts.  The Company has 
historically been successful in compensating for inflationary costs through 
increased selling prices and/or increased productivity and related efficiencies.
The Company anticipates this trend will continue in the future.

Liquidity and Capital Resources

Cash Flow

 The Company's primary sources of liquidity have been cash flows from operating
activities and borrowings from third parties.  The Company's principal uses of 
cash have been to support its operating activities, invest in capital 
improvements, and finance strategic acquisitions.  The Company's cash flows for 
the periods indicated are summarized as follows:
                                                    Nine Months       
                                               1996            1997     
                                              (Dollars in millions)         
  Net cash provided by 
     operating activities                       $ 13.7            $ 27.7 
     
  Net cash used for
     investing activities                       $(23.8)         $  (18.0)      
  Net cash provided by (used for)
     financing activities                      $   9.7           $ (10.4) 

  The Company continues to generate strong cash flows from operations, resulting
from the 39% increase in net earnings in the first nine months of 1997 compared 
to the corresponding period of the prior year.  Nine month operating cash flows 
provided by changes in working capital were a positive $.4 million as a result 
of improved management of accounts receivables and inventories in the third 
quarter.  

  The Company's primary investing activities are capital expenditures and 
acquisitions of businesses in the plastics industry.  Capital expenditures are 
primarily incurred to maintain and improve productivity, as well as to modernize
and expand facilities.  Capital expenditures for the nine months ended August 2,
1997 and August 3, 1996 were $8.5 million and $6.3 million, respectively.  The 
Company anticipates total capital expenditures of approximately $12 million for 
fiscal 1997, reflecting an increase for additional equipment at facilities 
acquired in 1996, which will comprise over 50% of the 1997 total. Also impacting
the first half 197 cash  used for investing activities was the final payment, in
late November 1996, on the Hamelin Group acquisition.  The amount ($9.7 million)
was reflected as a current payable at fiscal year end November 2, 1996.  

  The cash flows used by financing activities were $10.4 million for the first 
nine months of 1997.  The primary uses of funds were revolving credit facility 
repayments of $4.2 million (net of the impact of funding the $9.7 million final
installment due Hamelin), cash dividend payments of $4.0 million, and purchases
of treasury stock, net of stock options exercised, of $1.9 million.
  
Financing Arrangements

 In August 1995, the Company completed a $50 million private placement of senior
unsecured notes at a fixed rate of 7.21% and finalized a $40 million unsecured 
bank credit facility.  The acquisition of Portage in May 1996 was funded by the 
bank credit facility.  In September 1996, the Company completed a simultaneous 
public offering of 3 million shares of common stock for $25.9 million in net 
proceeds and a $30 million private placement of 7.62% guaranteed senior notes to
finance the acquisition of the Hamelin Group.  On August 22, 1997 the Company 
completed a $60 million private placement of 7.0% senior notes to finance the 
Preferred Plastics acquisition.

  The Company anticipates that cash flow from operations, together with the 
financing and borrowings under the Company's bank credit facility, will satisfy
its working capital needs, regular quarterly dividends, and planned capital 
expenditures for the next year.

Other

 The information presented herein contains certain forward-looking statements, 
as defined in the Private Securities Litigation Reform Act (PSLRA) of 1995, 
which are based on current expectations and are subject to risk and 
uncertainties.  The Company desires to take advantage of the "safe harbor" 
provisions of the PSLRA by cautioning that numerous important factors, in some 
cases have affected, and in the future could affect, the Company's actual 
results and could cause its consolidated results to differ materially from those
expressed in or implied by the forward-looking statments or related assumptions.
Investors are directed to the discussion of risks and uncertainties associated
with forward-looking statements contained in the Company's Annual Report on Form
10-K filed with the Securities and Exchange Comission.

PART II - OTHER INFORMATION

Item 6 (a).    Exhibits
               10 Employment Agreement Between David G. Pocost and              
                  Spartech Corporation dated as of February 1, 1997

               10 Employment Agreement Between Randy C. Martin and             
                  Spartech Corporation dated as of March 31, 1997

               11 Statement re Computation of Per Share Earnings

               27 Financial Data Schedule

Item 6 (b).    Reports on Form 8-K

               A report on form 8-K, dated July 28, 1997, announcing
               the signing of an Asset Purchase and Sale Agreement to         
               purchase the net assets of the Preferred Plastic Sheet         
               Division of Echlin, Inc. was filed on August 12, 1997.

              A report on form 8-K, dated August 22, 1997, announcing          
              the completion of the purchase of net assets of the Preferred 
              Plastic Sheet Division of Echlin, Inc. was filed on September 2, 
              1997.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.



                                                    SPARTECH CORPORATION   
                                                     (Registrant)




Date:   September 2, 1997          /s/    Bradley B. Buechler               
                                          Bradley B. Buechler
                                          President and Chief
                                          Executive Officer
                                          (Principal Executive   Officer)




                                   /s/    Randy C. Martin             
                                          Randy C. Martin
                                          Vice President - Finance and
                                          Chief Financial Officer
                                          (Principal Financial and
                                          Accounting Officer)




EXHIBIT 11
SPARTECH CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share data)

                                     QUARTER ENDED           NINE MONTHS ENDED  
                                         Aug. 3,   Aug. 2,   Aug. 3,   Aug. 2,
                                           1996      1997      1996      1997 

NET EARNINGS
  Primary and Fully diluted
   net earnings                        $  5,020  $  6,731  $ 13,581  $ 18,885

WEIGHTED AVERAGE SHARES 
 OUTSTANDING
  Weighted average common
   shares outstanding                    23,481    26,403    23,387    26,386
  Add:  Shares issuable from
   assumed exercise of option             1,311     1,585     1,149     1,436
                                               
  Primary weighted average               24,792    27,988    24,536    27,822
   shares outstanding                          
  Add:  Additional shares
   issuable from assumed
   exercise of options due to
   the difference in the share
   repurchase price under the
   fully diluted computation                  -       185       241       150

Fully diluted weighted average
 shares outstanding                      24,792    28,173    24,777    27,972
   

NET EARNINGS PER SHARE

  Primary                              $    .20  $    .24  $    .55  $    .68
  Fully diluted                        $    .20  $    .24  $    .55  $    .68