Omnova Solutions (OMN) Misses Q1 EPS by 3c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/2/2026

1. CRWD
2. REGN
3. LITE
4. ABBV
5. CL
6. LYB
7. TFII
8. SPY
9. AAPL
10. MRVL

Go back to Omnova Solutions (OMN) Misses Q1 EPS by 3c

OMNOVA Solutions Reports First Quarter 2015 Results and Reaffirms Full-Year 2015 Guidance of Significant Growth in Adjusted Diluted Earnings Per Share

April 8, 2015 7:30 AM EDT

BEACHWOOD, Ohio, April 8, 2015 /PRNewswire/ --

First Quarter 2015 Highlights

In the first quarter - seasonally its weakest - the Company reported a net loss of $3.2 million and an Adjusted Loss from Continuing Operations of $0.6 million, compared to first quarter 2014 net income of $1.2 million and Adjusted Income from Continuing Operations of $2.3 million. First quarter 2015 earnings were adversely impacted year-over-year by an unfavorable net inventory revaluation of $8.8 million, reflecting declining raw material prices on existing inventory. Engineered Surfaces Adjusted Segment Operating Profit grew 16.2% compared to the first quarter of 2014, demonstrating... More