Omnova Solutions (OMN) Reports Q3 EPS of $0.13, Offers Outlook

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Go back to Omnova Solutions (OMN) Reports Q3 EPS of $0.13, Offers Outlook

OMNOVA Solutions Reports EPS of $0.01 per Diluted Share in Third Quarter 2015, Expands Adjusted EPS by More Than 160% to $0.13 per Diluted Share, and Reaffirms Full-Year Guidance of Significant Growth

September 24, 2015 7:45 AM EDT

BEACHWOOD, Ohio, Sept. 24, 2015 /PRNewswire/ --

Third Quarter 2015 Highlights

The Company reported third quarter 2015 net income of $0.4 million, or $0.01 per diluted share, compared with $1.8 million, or $0.04 per diluted share, in 2014. Adjusted Income From Continuing Operations for the 2015 third quarter grew significantly to $5.9 million, nearly tripling to $0.13 per diluted share, compared with $2.2 million, or $0.05 per diluted share, in 2014. (See Tables A and B.) Segment operating profit margins were 6.0% in the third quarter of 2015, flat with the third quarter of 2014. Total Adjusted Segment Operating Profit margins expanded by 380 basis points to 10.0%. Engineered Surfaces... More