Omnova Solutions (OMN) Reports In-Line Q4 EPS
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OMNOVA Solutions Continues Year-Over-Year Earnings Growth and Cash Generation in 2016 Fourth Quarter
February 1, 2017 7:30 AM ESTBEACHWOOD, Ohio, Feb. 1, 2017 /PRNewswire/ --Â
Fourth Quarter 2016 Highlights
Loss Per Share (EPS) in the fourth quarter of 2016 was $0.25, compared to a loss of $0.43 in the 2015 fourth quarter. Adjusted Diluted Earnings Per Share (Adjusted EPS) in the fourth quarter of 2016 expanded to $0.14, compared to $0.13 in the prior year period, marking the seventh consecutive quarter of year-over-year improvement. Performance Chemicals' segment operating profit for the quarter was $13.5 million, compared with a loss of $11.5 million in the 2015 fourth quarter. Adjusted Segment Operating Profit rose 3.5%, to $14.7 million. (See Tables A and B.) This was Performance... More