Omnova Solutions (OMN) Tops Q1 EPS Views
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OMNOVA Solutions Grows First Quarter 2016 Adjusted EPS to $0.04 Per Diluted Share, Up From a Loss of $0.01 Per Share Last Year
April 6, 2016 7:30 AM EDTBEACHWOOD, Ohio, April 6, 2016 /PRNewswire/ --
First Quarter 2016 Highlights
For first quarter 2016, the Company reported a net loss of $1.1 million, or $0.03 per share, compared with a loss of $3.2 million, or $0.07 per share, in 2015. First quarter results for both years included $3.5 million of pretax charges related to restructuring and other actions. Adjusted Income From Continuing Operations for the 2016 first quarter grew to $1.9 million, compared with a loss of $0.6 million in 2015. (See Tables A and B) Adjusted Segment Operating Profit margins expanded by 240 basis points, to 8.2%, versus 5.8% in the first quarter of last... More