OM Group, Inc. (OMG) Post EPS from Cont-Ops of $0.16

OM Group, Inc. (NYSE: OMG) reported Q1 income from continuing operations of $0.16 per diluted share, or $0.20 per diluted share excluding the divested Advanced Materials business. This may note compare to the analyst estimate of $0.29. Revenue for the quarter came in at $262 million versus the consensus estimate of $257.7 million.

"First quarter 2014 results are in line with our expectations," said Joe Scaminace, Chairman and Chief Executive Officer of OM Group, Inc. "Our key markets in Europe and global consumer electronics remain relatively unchanged from the fourth quarter of 2013, and our Battery Technologies business achieved another strong first quarter. We expect increasing growth in several of our end markets throughout 2014 which, along with the anticipated benefits from our various growth and operations initiatives, are expected to increase profitability sequentially throughout the remaining quarters of this year. We are reaffirming our previously-announced forecast of $130-$140 million of pro forma EBITDA for the full year 2014."

For earnings history and earnings-related data on OM Group, Inc. (OMG) click here.

You May Also Be Interested In

• Rivian reports record Q3 deliveries, beats estimates, shares rise
• First Watch (FWRG) PT Lowered to $15 at DA Davidson, Buy Rating Maintained
• Nvidia returns as Morgan Stanley’s Top Pick on attractive valuation