OM Group (OMG) Misses Q1 EPS by 41c
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OM Group Announces First Quarter 2015 Financial Results
April 30, 2015 7:00 AM EDTCLEVELAND, April 30, 2015 /PRNewswire/ -- OM Group, Inc. (NYSE: OMG) today announced financial results for the three months ended March 31, 2015. For the quarter, the Company reported adjusted EBITDA of $16 million, excluding the results of its divested Advanced Materials cobalt business and charges related to its enterprise initiatives, including previously-announced competitive repositioning and cost optimization actions. The Company also reported a first quarter 2015 loss from continuing operations of $0.37 per diluted share, or a loss of $0.13 per diluted share before the special items noted above and $10 million of costs in connection with concluding the VAC... More
